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Delhi imposes 70% ‘corona tax’ on alcohol to deter large crowds
By Ritu, Capital Sands Officials in India’s capital imposed a special tax of 70% on retail liquor purchases from Tuesday, to deter large gatherings at stores as authorities ease a six-week lockdown imposed to slow the spread of the coronavirus. Taxes on alcohol are a key contributor to the revenue of many of India’s 36 […]
Britain needs trade deal with EU to remove uncertainty: U.S. Chamber
By Administrator_India Capital Sands The top U.S. business lobby on Monday urged Britain to conclude a bilateral trade deal with the European Union as quickly as possible to remove the uncertainty that is limiting investment flows and could pose risks to its trade talks with the United States. The Chamber of Commerce, in a series […]
Trust is the Key to success: Arun Kumar Saini
It is enviable success story of a young entrepreneur, who made a turnover in crore for his companies in just 5 year Capital Group of Companies & ario Holdings is the leading companies in India as well as in abroad, is on the threshold of future development. Started just Five year ago. Arun KumarSaini started his […]
Oil Down As Producers Continue to Grapple With Oversupply
By Administrator_India Capital Sands Oil was down on Monday morning in Asia, unable to hold onto its gains from the previous session. Brent oil futures lost 3.57% to $25.66 and WTI futures slid 8.04% to $18.19, even as a 10-million-barrel daily cut in production agreed to by OPEC+ in early April coming into effect on Friday. Brent futures have fallen almost 60% this year, hitting […]
UK is past the peak, says PM Johnson, promising lockdown exit plan
By Ritu, Capital Sands Prime Minister Boris Johnson said on Thursday Britain was now past the peak of its coronavirus outbreak and promised to set out a plan next week on how the country might start gradually returning to normal life. In his first news conference since recovering from a serious case of COVID-19, Johnson […]
Stampede to Buy Euros at End-of-Month Fix Rattles FX Trading
By Administrator_India Capital Sands Traders rushed to buy euros in a bid to rebalance their portfolios on the last day of the month, prompting a sudden spike in the currency. The euro jumped to a two-week high versus the dollar around the time of the 4 p.m. London fix on Thursday as demand surged. […]
Euro zone economy shrinks at record rate, inflation slows sharply
By Ritu, Capital Sands The Euro zone economy contracted at a record rate and by more than expected in the first three months of the year and inflation slowed sharply as much economic activity in March came to a halt because of the COVID-19 pandemic, data showed on Thursday. According to a preliminary flash estimate […]
Britain has Europe’s second highest COVID-19 death toll, new figures show
By Administrator_India Capital Sands Britain now has Europe’s second-highest official COVID-19 death toll with more than 26,000, according to figures published on Wednesday that raised questions about Prime Minister Boris Johnson’s response to the outbreak. Some 26,097 people died across the United Kingdom after testing positive for COVID-19 as of April 28, Public Health England […]