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India’s retail inflation moderates, paves way for RBI action
By Administrator_India Capital Sands India’s retail inflation eased to a two-month low in February, helped by a smaller increase in food prices, paving the way for a potential interest rate cut by the central bank amid concerns of economic activity losing steam due to the coronavirus. Inflation rose to 6.58%, but remained above the Reserve […]
India orders international cricket matches in empty stadiums to combat coronavirus
By Ritu Capital Sands The India government has ordered upcoming international cricket matches to be played in empty stadiums, as travel operators warned of an unprecedented impact of a blanket visa ban by the government to combat the spread of coronavirus. With just 68 confirmed cases and no deaths, India has so far been relatively […]
There was enough time to put together plan for Yes Bank, says Raghuram Rajan
By Administrator_India Capital Sands Former RBI governor Raghuram Rajan on March 11 said there was a lot of time to put together a plan for Yes Bank which had given enough notice about the problems it was facing. Crisis-ridden Yes Bank was put under a moratorium last week, with the RBI capping withdrawals at Rs 50,000 […]
Stocks fall as U.S. virus response disappoints investors
By Administrator_India Capital Sands Asian shares and Wall Street futures fell on Wednesday as growing scepticism about Washington’s stimulus package to fight the coronavirus outbreak knocked the steam out of an earlier rally. Markets had been recovering from a brutal global selloff on Monday that was triggered by the double shock of an oil price […]
Asian Stocks Plummet Amid Oil Price War
By Administrator_India Capital Sands Asian stock markets traded sharply lower on Monday morning as oil prices slumped following reports that OPEC failed to reach a deal with its allies on production cuts. Japan’s Nikkei 225 slid 5.5% after data showed the country’s GDP shrank at an annualized pace of 7.1%, which was faster than expected. Prime Minister […]
India shuts Delhi schools, imposes new travel restrictions over coronavirus
By Administrator_India Capital Sands India shut all primary schools in the capital New Delhi until the end of March on Thursday and imposed new restrictions on travel from Italy and South Korea as part of efforts to fight the spread of the coronavirus. Prime Minister Narendra Modi postponed a trip to Brussels for a summit […]
OPEC looks to cut production as virus outbreak hits demand
By Ritu, Capital Sands The oil-producing countries of the OPEC cartel are considering slashing output to contain a plunge in prices that has been worsened by concerns about the virus outbreak’s disruption to the world economy. Oil ministers from the group’s 14 countries were gathering in Vienna on March 5 as energy producers were taking a […]
India’s coronavirus cases nears 30, hits major payments firm Paytm
By Administrator_India Capital Sands The total number of known coronavirus cases in India rose sharply to 29 on Wednesday, including 16 Italian tourists who had tested positive for the disease as well as an employee of a digital payments company who had travelled to Italy. On Monday, the world’s second-most populous country had only six […]