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Japan’s Abe says impossible to hold Olympics unless pandemic contained
By Ritu, Capital Sands Prime Minister Shinzo Abe said on Wednesday that the Tokyo Olympics could not take place next year unless the coronavirus pandemic is contained, as the city’s governor requested an extension of Japan’s state of emergency. The International Olympic Committee and the Japanese government last month postponed the Games until July 2021 […]
Axis Bank posts $183 million loss as provisions nearly triple on COVID-19
By Administrator_India Capital Sands Axis Bank Ltd, India’s third-biggest private-sector lender, on Tuesday posted a surprise fourth-quarter loss of 13.88 billion rupees ($182.96 million), as it set aside more funds to cover a potential rise in bad loans in a coronavirus-hit economy. The pandemic has dealt a heavy blow to the economy, worsening problems […]
Japan needs to keep emergency in place, 2021 Olympics `difficult,’ top doctor says
By Administrator_India Capital Sands It is too early to consider lifting Japan’s state of emergency over the coronavirus, the head of the Japan Medical Association said on Tuesday, adding that it will be difficult for Tokyo to host the Olympics next year without an effective vaccine. The comments by the head of the powerful physician’s […]
RBI announces special liquidity window for mutual funds
By Administrator_India Capital Sands The RBI is opening a special liquidity facility of upto 500 billion rupees ($6.6 billion) to help mutual funds tide over a severe liquidity strain imposed by the coronavirus pandemic and redemption pressures, it said on Monday. Fund houses in India have struggled to allay investors’ fears of a flood of […]
Back from COVID-19, Johnson urged to reveal UK lockdown exit strategy
By Administrator-India Capital Sands Prime Minister Boris Johnson returned to his Downing Street residence on Sunday after recovering from COVID-19, ready to take the helm again with pressure growing for the government to explain how it will ease a month-old coronavirus lockdown. Johnson, 55, spent three nights in intensive care with the illness. A spokeswoman […]
U.K. Retail Sales Post Biggest Drop on Record Amid Lockdown
By Administrator_India Capital Sands U.K. retail sales fell the most since records began as restrictions to control the coronavirus forced all but essential stories to close. Sales including auto fuel declined a record 5.1% in March from February, the biggest drop since at least 1996, the Office for National Statistics said Friday. Sales excluding fuel dropped 3.7%. […]
Chinese investors flummoxed by India’s new foreign investment rules
By Administrator_India Capital Sands India’s plan to screen foreign direct investments from neighbouring countries has Chinese firms concerned that such scrutiny will affect their projects and delay deals in one of Asia’s most lucrative investment markets. The tougher rules were not a surprise, as other countries are also on guard against fire sales of corporate […]
India stocks higher at close of trade; Nifty 50 up 1.38%
By Administrator_India Capital Sands India stocks were higher after the close on Thursday, as gains in the IT, Technology and Banking sectors led shares higher. At the close in NSE, the Nifty 50 added 1.38% to hit a new 1-month high, while the BSE Sensex 30 index climbed 1.54%. The best performers of the session on the Nifty 50 were Kotak Mahindra Bank Ltd. , […]