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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 […]
Oil Ministry mulls reinstating subsidized LPG prices
By Administrator_ India Capital Sands The Ministry of Petroleum and Natural Gas is evaluating a threshold at which the subsidy on Liquefied Petroleum Gas (LPG or cooking gas) will be reinstated. According to a senior government official in the know, a survey is currently being conducted to determine the price at which maximum consumers will […]
PM Narendra Modi clocks 20 meetings in his 65-hour stay in US
By Administrator_ India Capital Sands Prime Minister Narendra Modi, who returned to India from the US on Sunday, attended 20 meetings during his 65-hour visit, government sources said. He also had four long meetings in flights with officials on the way to and back from the US, they added. Sharing details, sources said Modi had […]
Bank deposits rise 12% in FY21 on higher CASA growth
By Administrator_India Capital Sands Bank deposits grew 11.9 percent year-on-year during 2020-21 compared to 8.8 percent in 2019-20 on the back of high growth in the current account and savings account deposits, RBI data showed. The share of CASA deposits increased to 43.7 percent in March 2021 compared to 41.7 percent a year ago, according […]