By Administrator_ India Capital Sands Wholesale price index-based inflation, led by soaring prices of fuels and those of manufactured products, touched its highest point in more than eight years in March. The rate rose to 7.4 percent in the month against 4.17 per in February and 2.51 percent in January, the data released by the […]
By Administrator_ India Capital Sands Growth in manufacturing slowed to the lowest rate in seven months, as increasing Covid-19 cases hit demand, said IHS Markit’s purchasing managers’ index (PMI) on Monday. PMI fell from 57.5 in February to a seven-month low of 55.4 in March. In the PMI lexicon, a reading above 50 means growth, […]
By Administrator_ India Capital Sands Petrol price crossed the Rs 99 a litre mark in Rajasthan on Sunday while diesel topped Rs 91 after rates were increased for the sixth day in a row. Petrol price was increased by 29 paise per litre and diesel by 32 paise, according to a price notification of state-owned fuel retailers. […]
By Administrator_ India Capital Sands The Centre’s proposed scrapping policy is set to be a mix of penalties and financial incentives. Among the considerations include waiving off registration charge on a new vehicle to incentivize scrapping, the sources said. “The Centre is likely to ask states to give a rebate on road tax; besides also […]
By Administrator_ India Capital Sands A sharper-than-expected rebound by India’s economy in the second quarter has prompted Fitch Ratings to lower its projections for GDP contraction to 9.4 per cent in the current financial year from 10.5 per cent forecast earlier. However, the agency warned against weak investment demand with Covid-19 affecting the economy and asset quality […]
By Administrator_ India Capital Sands Delhi has performed better than Mumbai and Bengaluru and is ranked 27th on Knight Frank’s global index that measures annual price appreciation of luxury residential properties. Mumbai and Bengaluru were placed at the 33rd and 34th positions, respectively. The capital’s prime residential market performed better than Mumbai and Bengaluru. Globally, the city […]
By Administrator _India Capital Sands Petrol and diesel prices remained unchanged on Thursday, as state-run oil marketing companies held the fuel prices steady. Rates differ from state to state depending on the incidence of VAT. Taxes make up for nearly two-third of the retail selling price. Here is looking at the price difference of diesel […]
By Administrator_ India Capital Sands The Reserve Bank of India is making longer-tenor sovereign bonds attractive again. Quantum Mutual Fund has moved to the 10-14 year segment after staying in duration of up to three years in August in its 691 million rupees ($9.4 million) Dynamic Bond Fund. UTI Asset Management Co. has turned overweight on bonds maturing in […]
By Administrator_ India Capital Sands Prime Minister Narendra Modi will interact with beneficiaries of ‘PM SVANidhi scheme’, which was launched in June to help poor street vendors hit by COVID-19 pandemic, from Uttar Pradesh on Tuesday via video conferencing. The PM Street Vendor’s Atmanirbhar Nidhi (PM SVANidhi) scheme was launched on June 1 to help […]
By Administrator _ India Capital Sands Oil prices were steady in early trade on Tuesday, sitting on losses of nearly 3% from the previous session after supplies began to resume in Norway and the U.S. Gulf of Mexico and Libya resumed production at its largest oilfield. The return of supply comes as resurgent COVID-19 infections […]
