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March WPI inflation at 8-yr high; economists see it in double digits in May
By Administrator_ India Capital Sands Wholesale price index-based inflation, led by soaring prices of fuels and those of manufactured products, touched its highest point in more than eight years in March. The rate rose to 7.4 percent in the month against 4.17 per in February and 2.51 percent in January, the data released by the […]
Rajasthan issues new COVID-19 guidelines, curfew in all cities from 6 pm to 6 am
By Administrator_ India Capital Sands Amid a fresh surge in COVID-19 infections, the Rajasthan government on April 14 has issued new guidelines to curb the pace of virus transmission. A strict curfew would be observed in all cities in the state from 6 pm to 6 am, the order said. All market places across Rajasthan […]
PM Narendra Modi takes second dose of Covid-19 vaccine at AIIMS
By Administrator_ India Capital Sands Prime Minister Narendra Modi on Thursday took a second dose of the COVID-19 vaccine at AIIMS here and asked those eligible for the shot to take it soon to defeat the virus. He had taken his first jab on March 1 at the hospital. “Got my second dose of the COVID-19 […]
Covid-19 vaccine shortage: Maharashtra, Centre in a war of words
By Administrator_ India Capital Sands The Centre today hit back at the Maharashtra government and accused it of creating panic and spreading lies after it raised serious concerns about the Covid-19 vaccine shortage in the state. The Centre’s reaction came hours after Maharashtra health minister Rajesh Tope said that the state had barely 2-3 days of vaccine stock left […]
Manufacturing PMI falls to 7-month low in March as Covid cases rise
By Administrator_ India Capital Sands Growth in manufacturing slowed to the lowest rate in seven months, as increasing Covid-19 cases hit demand, said IHS Markit’s purchasing managers’ index (PMI) on Monday. PMI fell from 57.5 in February to a seven-month low of 55.4 in March. In the PMI lexicon, a reading above 50 means growth, […]
Gold steady as inflation bets counter firm US dollar, yields
By Administrator_India Capital Sands Gold prices held steady on Monday, buoyed by concerns over inflation after U.S. President Joe Biden announced a $2 trillion-plus jobs plan last week, while a stronger dollar and elevated U.S. Treasury yields limited bullion’s upside. Spot gold was flat at $1,728.60 per ounce, as of 0146 GMT. Gold futures edged […]
Sensex drops 627 points, Nifty ends at 14,691; Banks, RIL drag market
By Administrator_India Capital Sands The Indian indices wavered on Wednesday as the US bond yields advanced and the dollar extended gains, triggering a flight to safety by global investors. The Sensex fell 627 points, or 1.25 percent, to end at 49,509, while the Nifty fell 154 points, or 1.04 percent, to close at 14,691. A […]
After Visa, PayPal Holdings launches cryptocurrency checkout service
By Administrator_India Capital Sands PayPal Holdings will announce later on Tuesday that it has started allowing US consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally, a move that could significantly boost the use of digital assets in everyday commerce. Customers who hold bitcoin, ether, bitcoin cash, and litecoin in PayPal digital wallets will […]