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UK bans Chinese envoy from House; Beijing slams ‘cowardly’ move
By Administrator_ India Capital Sands China’s Ambassador to the UK Zheng Zeguang has been barred from the UK Parliament over sanctions imposed on some British MPs for their remarks on alleged human rights violations against Uyghur minorities in Xinjiang, triggering an angry condemnation from the Chinese Embassy here. Zeguang was due to attend a meeting organized by the All-Party […]
State Bank of India to cut base rate by 5 bps to 7.45%, reduce PLR
By Administrator_ India Capital Sands Ahead of the festive season, the country’s largest lender, State Bank of India (SBI), has decided to cut its base lending rate by 5 basis points (bps) to 7.45 percent, effective September 15. Also, it has cut its prime lending rate by 5 bps to 12.20 percent. Last week, private […]
India’s retail inflation eases to four-month low of 5.3% in August
By Administrator_ India Capital Sands Retail inflation cooled to a four-month low of 5.3 percent in August from 5.59 percent in the previous month, led by subdued prices of food articles and a high base effect. Inflation based on the Consumer Price Index (CPI) remained within the Reserve Bank of India (RBI)’s tolerance band for the […]
Oil Up, Hits One-Week High as Recovery from Ida Damage Drags On
By Administrator_ India Capital Sands Oil was up Monday morning in Asia, hitting a one-week high in a second consecutive session of gains. Continuous concerns about U.S. supplies, with the recovery from Hurricane Ida’s damage dragging into a second week, gave the black liquid a boost. Brent oil futures was up 0.33% to $73.16 by 12:08 […]
European banks still booking profits in tax havens, says report
By Administrator_ India Capital Sands Top banks in Europe continue to use tax havens to book chunks of profits, a trend that has changed little since 2014 despite country-by-country disclosures becoming mandatory, the EU Tax Observatory said in a report on Monday. The independent research body, co-financed by the European Union, said disclosures from 36 major European banks showed they booked […]
UK may require vaccine passports for big venues this month
By Administrator_ India Capital Sands The U.K. is considering a requirement for vaccine passports to be shown in order to access large venues as early as this month but has yet to decide whether to roll out jabs to healthy schoolchildren. “We are looking at, by the end of September when everyone has had a […]
Oil mixed as Hurricane Ida pounds US crude patch, Louisiana
By Administrator_ India Capital Sands Oil prices pared early gains on Monday, off more than three-week highs reached earlier in the session as a powerful hurricane plowing through the Gulf of Mexico forced shutdowns and evacuations of hundreds of offshore oil platforms. Brent was up 16 cents or 0.2% at $72.86 a barrel by 0153 […]
How India achieved feat of 1.03 crore vaccination in a day
By Administrator_ India Capital Sands The record feat of 1.03 crore vaccine doses on August 27 was achieved on the back of Uttar Pradesh, Karnataka, and Haryana notching up their highest daily jab numbers, villages joining the party with 70 percent of all jabs given in rural India, and Mumbai, Bengaluru and Gurgaon hitting their […]