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Asian shares rise after some losses due to Omicron but risks loom large
By Administrator_India Capital Sands Asian stocks rose on Tuesday, shrugging off a bruising Wall Street session, as Chinese markets cheered Beijing’s push to help troubled property firms, although surging cases of the Omicron coronavirus variant persist as a worry for investors. U.S. stock indexes retreated more than 1% as positive COVID-19 case counts rose and President Joe Biden’s social spending and […]
Govt refutes speculation over LIC IPO’s delay, says it is ‘on course’
By Administrator_India Capital Sands The government on Sunday refuted media speculation around the initial public offer (IPO) of Life Insurance Corporation (LIC) and said that it is unlikely to come up with the IPO of LIC in the current financial year ending March 2022. “Some media speculation doubting the feasibility of LIC IPO this fiscal […]
Rupee gains, bond yields stable after US Fed keeps policy rates unchanged
By Administrator_India Capital Sands The rupee closed at 76.09 a dollar, up from its previous close of 76.23 a dollar The Indian rupee gained on Thursday after the US Federal Reserve (US Fed) kept its policy rates unchanged while tightening the pace of normalisation. Bond yields also remained steady as the US Fed policy fuelled risk appetite in the emerging […]
Ola delivers S1 scooters to its first 100 customers in Chennai, Bengaluru
By Administrator_India Capital Sands The company said it organised special events in Bangalore and Chennai on Wednesday to deliver both S1 and S1 Pro trims to the first 100 customers Ola Electric on Wednesday said it has commenced deliveries of its S1 scooter. The company said it organised special events in Bangalore and Chennai on […]
Indices post biggest fall in 6 months as inflation
By Administrator_ India Capital Sands India’s benchmark indices on Thursday posted their biggest single-day drop in about six months as concerns over inflation, valuations, and policy normalization by the RBI triggered risk-off bets. The sentiment was further dented by Morgan Stanley’s downgrading of Indian equities, becoming the latest foreign brokerage to sound a note of […]
WHO seeks additional clarification from Bharat Biotech, decision on November 3
By Administrator_ India Capital Sands The technical advisory group of the World Health Organisation on October 26 sought “additional clarifications” from Bharat Biotech to conduct a final “risk-benefit assessment” for Emergency Use Listing of its COVID-19 vaccine. The statement came hours after WHO official Dr. Margaret Harris had said that a recommendation was expected within the next 24 […]
Government plans to slap higher penalty for cruelty against animals
By Administrator_ India Capital Sands The government plans to introduce a higher penalty and jail term for people perpetrating cruelty against animals and a draft bill to amend the existing law is likely to come up in the next Parliament session. At present, perpetrators of such acts often get away unscathed as the penalty for the first […]
China’s energy crisis highlights weaknesses in Xi’s power plans
By Administrator_ India Capital Sands China’s energy crisis has highlighted weaknesses in one of President Xi Jinping’s top priorities — energy security — that could have ramifications for the power system for years to come. To avoid repeats of the chaos ravaging the world’s second biggest economy, the country will probably have to take major […]