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Banks’ NPAs in large industry, services dip 31% in over 2 yrs to Rs 4.3 trn

Economy
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By Administrator_India Capital Sands Banks’ non-performing assets in large industry and services declined 31 per cent in over two years to about Rs 4.36 lakh crore in June this year, Parliament was informed on Monday. On whether the non-performing assets of big industries and corporate houses have increased sharply as compared to small businesses due […]

FEATURE

Centre urges 7 big states to ensure adequate oxygen availability in all healthcare facilities

Coronavirus News
129 views 46 secs

By Administrator_India Capital Sands The Centre on September 13 urged Maharashtra, Andhra Pradesh, Karnataka, Telangana, Gujarat, Rajasthan and Madhya Pradesh to ensure adequate oxygen availability in all healthcare facilities and unrestricted intra- and inter-state movement of oxygen cylinders because of the COVID-19 pandemic. The Union Health Ministry held a virtual meeting where Union Health Secretary, […]

FEATURE

Singapore Airlines plans to cut 4,300 jobs due to Covid-19 pandemic

Business
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By Administrator_India Capital Sands Singapore Airlines Group said Thursday it will eliminate 4,300 jobs due to the “long road to recovery” for the global aviation industry battered by the coronavirus pandemic. The group said in a statement it will cut the positions across Singapore Airlines, regional arm SilkAir and budget unit Scoot. After taking into account a recruitment […]

FEATURE

Amazon to hire 33,000 in corporate and tech roles in the next few months

Business
123 views 3 mins

By Administrator_India Capital Sands Amazon is on a hiring spree. In the latest sign of how it’s prospering while others are faltering during the pandemic, Amazon said Wednesday it is seeking to bring aboard 33,000 people for corporate and tech roles in the next few months. It’s the largest number of job openings it’s had at one time, […]

FEATURE

SBI notice to BPSL ex-promoter Sanjay Singal to recover over Rs 12,000 cr

Economy
119 views 47 secs

By Administrator_India Capital Sands The State Bank of India has invoked the personal guarantees of Sanjay Singal, former promoter of Bhushan Power & Steel Ltd, and has sent him a demand notice for recovery of Rs 12,275.91 crore. The development comes at a time when the resolution process of the bankrupt company hangs in fire […]

FEATURE

India overtakes Brazil as country second-worst hit by COVID-19

Coronavirus News
123 views 54 secs

By Administrator_India Capital Sands India, with a daily record 90,802 cases on Monday, also has the fastest-growing case load. The United States, with more than 6 million cases, remains the worst-affected country. India’s coronavirus infections surged past 4.2 million on Monday as it overtook Brazil to become the country with the second-highest number of cases. […]

FEATURE

US budget deficit debt to hit $3.3 trillion, bigger than its economy’s size

Economy
130 views 2 mins

By Administrator_India Capital Sands The federal budget deficit is projected to hit a record $3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger, the Congressional Budget Office said. The spike in the deficit means that federal debt will exceed annual gross domestic […]

FEATURE

India jumps 4 places on Global Innovation Index to enter top 50 league

Economy
126 views 29 secs

By Administrator_India Capital Sands India has moved four places on the Global Innovation Index  2020 to rank at 48 since 2019. This makes it the third-most innovative lower middle-income economy in the world, according to the report. India at the 48th place also retains the highest rank in the central and southern Asia region. The […]