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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 […]
Banks’ NPAs in large industry, services dip 31% in over 2 yrs to Rs 4.3 trn
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 […]
Centre urges 7 big states to ensure adequate oxygen availability in all healthcare facilities
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, […]
Singapore Airlines plans to cut 4,300 jobs due to Covid-19 pandemic
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 […]
Amazon to hire 33,000 in corporate and tech roles in the next few months
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, […]
SBI notice to BPSL ex-promoter Sanjay Singal to recover over Rs 12,000 cr
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 […]
India overtakes Brazil as country second-worst hit by COVID-19
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. […]
US budget deficit debt to hit $3.3 trillion, bigger than its economy’s size
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 […]