LATEST POST
Donald Trump refuses to commit to peaceful power transfer post-election
By Administrator_India Capital Sands US President Donald Trump on Wednesday wouldn’t commit to a peaceful transfer of power if a tally of ballots shows Democrat Joe Biden wins the November election. “We’re going to have to see what happens,” Trump said in response to a reporter’s question at a White House news conference. “You know […]
Brexit jitters: JPMorgan Chase to move $230-billion assets to Germany
By Administration_India Capital Sands JPMorgan Chase is moving about ^200 billion ($230 billion) from the UK to Frankfurt as a result of Britain’s exit from the European Union (EU), a shift that will make it one of the largest banks in Germany. The US bank plans to finish the migration of the assets to its Frankfurt-based […]
India’s economy to contract 5.9 per cent in 2020, says UN trade body
By Administrator_India Capital Sands The United Nations Conference on Trade and Development (UNCTAD) has projected India’s economy to contract 5.9 per cent in 2020, and warned the country to not repeat its past mistake of announcing austerity measures. It forecast the economy to grow 3.9 per cent next year. “In the case of India, the […]
Asian stocks fall on concerns about fresh lockdowns, banking sector
By Administrator_India Capital Sands Asian shares opened weaker on Tuesday on concerns about new pandemic lockdowns in Europe and after reports about financial institutions allegedly moving illicit funds hurt global banking stocks. JPMorgan Chase & Co and Bank of New York Mellon Corp on Monday fell 3.1% and 4.0%, respectively, while HSBC Holdings Plc and Standard Chartered Plc hit […]
CAMS Rs 2,240-cr IPO opens today– Here is all you need to know
By Administrator_India Capital Sands New Delhi: Computer Age Management Services (CAMS) initial public offering (IPO) will hit the primary market on September 21. CAMS, which acts as a registrar and transfer agent (RTA) for mutual funds is targeting to raise Rs 2,240 crore from investors. The company’s chief executive Anuj Kumar said NSE decided to […]
SBI ATM cash withdrawal new rules from today: All you need to know
By Administrator_India Capital Sands State Bank of India (SBI), from September 18, is extending OTP-based cash withdrawal for Rs 10,000 and above throughout the day across all SBI ATMs in the country. For withdrawing Rs 10,000 and above, SBI debit cardholders now have to enter OTP sent on their registered mobile numbers along with their […]
Covid-19: UK inflation eases to 0.2% on temporary steps to aid spending
By Administrator_India Capital Sands The U.K. inflation rate fell to the lowest since 2015 last month, driven by government tax cuts and other stimulus designed to dig the economy out of the depth of the coronavirus crisis. The reading of 0.2% was slightly higher than the zero forecast by economists, although the drop from July’s reading of 1% was still the […]
RBI proposes to launch exchange-traded, OTC interest rate derivatives
By Administrator_India Capital Sands The Reserve Bank of India on Tuesday proposed to introduce exchange-traded and over the counter interest rate derivatives products that would be accessible to both foreign investors and retail participants. However, retail participants can only use the product for hedging, while non-retail participants can use the product for any purpose. In a […]