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Sensex rebounds after 3-day slide; dovish Fed calms world markets
By Administrator_India Capital Sands Equity indices found firmer ground on Thursday after three sessions of losses, buoyed by metal and IT counters, in tandem with a positive trend overseas after the US Federal Reserve reiterated its dovish policy stance. A strengthening rupee and short-covering in select heavyweights added to the momentum, traders said. The 30-share BSE Sensex climbed 209.36 […]
RBI imposes monetary penalty on Sarvodaya Co-operative bank
By Administrator_ India Capital Sands The Reserve Bank of India (RBI) on July 27 imposed a monetary penalty of Rs 1 lakh on Sarvodaya Commercial Co-operative Bank for non-compliance with directions issued by the RBI on ‘Loans and advances to directors, relatives and firms/concerns in which they are interested, the RBI said in a release. This […]
Elon Musk criticizes Apple during Tesla earnings call
By Administrator_ India Capital Sands Billionaire Elon Musk, on July 26, criticized technology giant Apple in remarks made during a conference call about Tesla’s second-quarter results. Musk denied that Tesla uses a large amount of cobalt in the production of lithium-ion cells, which are used in electric vehicles. Apple, Tesla, and major technology companies were […]
We must move forward with ‘Nation First, Always First’ mantra: PM Modi
By Administrator_ India Capital Sands Stressing on the ‘Nation First, Always First’ mantra, Prime Minister Narendra Modi said on Sunday that as the country enters its 75th year of Independence, every citizen should lead a “Bharat Jodo Andolan” in the same manner as Mahatma Gandhi had led the “Bharat Chhoro Andolan”. In his monthly Mann Ki Baat radio […]
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 […]