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ECB vows to persist with negative rates in bid to fuel inflation
By Administrator_ India Capital Sands The European Central Bank revised its guidance on when interest rates might rise to convince investors it won’t withdraw support too hastily and derail the economic recovery. The move is aimed at strengthening the ECB’s long-running efforts to push up inflation, but it also means policymakers won’t necessarily react immediately if price […]
ADB lowers India’s economic growth forecast for this fiscal to 10%
By Administrator_ India Capital Sands The Asian Development Bank has downgraded India’s economic growth forecast for the current financial year to 10 percent on Tuesday, from 11 percent projected in April, on account of the adverse impact of the coronavirus pandemic. India’s GDP growth recovered to 1.6 percent in the last quarter of the fiscal […]
Adani Group stocks hit lower circuit over Sebi, DRI investigation
By Administrator_ India Capital Sands Adani group stocks remained under pressure for the second consecutive day after Parliament was told that the Securities and Exchange Board of India and Directorate of Revenue Intelligence were investigating some of the group companies. On July 19, the Minister of State for Finance Pankaj Chaudhary told Parliament that SEBI was […]
Sonia Gandhi reshuffles Parliamentary groups, brings in G23 members
By Administrator_ India Capital Sands Ahead of the Monsoon Session 2021, the Congress has reconstituted its strategy groups in the Lok Sabha and Rajya Sabha by including senior faces such as Manish Tewari, Shashi Tharoor, Ambika Soni, P Chidambaram, and Digvijaya Singh. Tharoor and Tewari are part of the G-23 leaders who had written to […]
Rising oil prices upset long-haul plans of airlines, delay recovery
By Administrator_ India Capital Sands Few sectors are as impacted as aviation by the pandemic. With travel coming to a standstill and recovery not on the horizon even with vaccination, airlines have been finding it tough to stay aloft. A year and a half since the first case of COVID-19 was discovered, the world is […]
India’s first Covid-19 patient tests positive again for coronavirus
By Administrator_ India Capital Sands A woman medico, who was India’s first COVID-19 case, has tested positive again for the virus, health authorities said here on Tuesday. “She is reinfected with COVID-19. Her RT-PCR is positive, the antigen is negative. She is asymptomatic,” Thrissur DMO Dr. K J Reena told PTI. Her samples were tested […]
RBI offers hassle-free trading in govt bonds for retail investors
By Administrator_ India Capital Sands The Reserve Bank of India on Monday said retail investors can open an account with the central bank in few easy steps online to start trading in government bonds. The online portal for retail investors will give access to the bond trading platform available for institutional investors as well, and the retail investors can also […]
Petrol Prices Hiked Up To 28 Paise
By Administrator_ India Capital Sands Petrol prices have been hiked across the metros on Monday, July 12, after a day’s pause. In the national capital, petrol rates were hiked by 28 paise from ₹ 100.91 per litre to ₹ 101.19 per litre, according to Indian Oil Corporation. Diesel rates were, however, cut marginally in the […]