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UK confronts threat of food crisis as coronavirus surge blocks trade
By Administration _ India Capital Sands The UK confronted threats of food insecurity and panicked shopping days before Christmas as European nations restricted trade and travel to guard against a resurgent coronavirus, offering Britain a preview of the border chaos to come in the absence of a Brexit deal. Fearing a fast-spreading new strain of the virus […]
Delhi’s air quality deteriorates further as overall AQI reaches 320
By Administrator_ India Capital Sands The air quality of the national capital deteriorated further on Monday while remaining in the ‘very poor’ category as the overall AQI was recorded at 320. The concentration of PM10 and PM2.5 pollutants increased on Monday and as a result, the AQI rose up from 309 to 320. According to […]
US puts India on currency watch list, labels Switzerland as manipulator
By Administrator_ India Capital Sands The US Treasury labeled Switzerland and Vietnam as currency manipulators on Wednesday and added India, Taiwan and Thailand to a watch list of countries it suspects of taking measures to devalue their currencies against the dollar. The “monitoring list” of countries has now hit 10. Others on the list include China, Japan, Korea, Germany, Italy, Singapore […]
LIC books record profit in April-November
By Administrator_ India Capital Sands LIC’s profits primarily come from sale of shares in the insurer’s large, non-linked portfolio, which includes traditional life insurance policies LIC has booked its highest ever profit of ₹25,908 crore from selling stocks in the eight months ended 30 November, three people, including a top LIC official, said, as the […]
Delhi AQI in very poor category; may improve with rainfall in next two days
By Administrator_ India Capital Sands The IMD has forecast that Delhi and the neighboring towns are likely to receive rainfall on December 11 and December 12. This is also likely to improve the air quality of the city which was 317 at 7am on Thursday, in the very poor category. Kuldeep Srivastava, head of IMD’s regional weather […]
Fitch now expects lower GDP contraction in India at 9.4% for FY21
By Administrator_ India Capital Sands A sharper-than-expected rebound by India’s economy in the second quarter has prompted Fitch Ratings to lower its projections for GDP contraction to 9.4 per cent in the current financial year from 10.5 per cent forecast earlier. However, the agency warned against weak investment demand with Covid-19 affecting the economy and asset quality […]
Walmart Prepares For $10 Billion Flipkart IPO In The US
By Administrator_ India Capital Sands Walmart is preparing for ecommerce major Flipkart’s $10 billion initial public offering in the US and has hired Goldman Sachs to assist with the listing. The US retail giant is looking to sell around 25 percent in Bengaluru-based Flipkart, Mint reported. “Work on the IPO (initial public offering) is in […]
OPEC+ resumes talks on 2021 policy amid discord on how to tackle oil demand
By Administrator_India Capital Sands LONDON – OPEC and Russia resume talks on Thursday in a bid to define policies for 2021 after an initial round of discussions this week failed to bring a compromise on how to tackle weak oil demand amid a second coronavirus wave. The group of OPEC and allies, known as OPEC+, had been widely expected to roll over existing oil […]