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Gold Prices Slips on U.S.-China Deal

By Ritu, Capital Sands Gold prices slipped on Thursday in Asia after the U.S. and China signed a historic trade deal. Gold Futures slipped 0.1% to $1,552.15 by 1:30 AM ET (05:30 GMT). Tensions remained however, as Washington decided to keep duties on some $360 billion...

Airtel hikes prices of plans offering Disney +Hotstar subscription

By Administrator_India Capital Sands Telecom operator Bharti Airtel hiked prices of mobile prepaid and home broadband plans that come bundled with Disney+Hotstar subscription due to changes in pricing made by the entertainment app. Airtel has increased the price of...

UK bans Chinese envoy from House; Beijing slams ‘cowardly’ move

By Administrator_ India Capital Sands China's Ambassador to the UK Zheng Zeguang has been barred from the UK Parliament over sanctions imposed on some British MPs for their remarks on alleged human rights violations against Uyghur minorities in Xinjiang, triggering an...

State Bank of India to cut base rate by 5 bps to 7.45%, reduce PLR

By Administrator_ India Capital Sands Ahead of the festive season, the country’s largest lender, State Bank of India (SBI), has decided to cut its base lending rate by 5 basis points (bps) to 7.45 percent, effective September 15. Also, it has cut its prime lending...

India’s retail inflation eases to four-month low of 5.3% in August

By Administrator_ India Capital Sands Retail inflation cooled to a four-month low of 5.3 percent in August from 5.59 percent in the previous month, led by subdued prices of food articles and a high base effect. Inflation based on the Consumer Price Index (CPI)...

Oil Up, Hits One-Week High as Recovery from Ida Damage Drags On

By Administrator_ India Capital Sands Oil was up Monday morning in Asia, hitting a one-week high in a second consecutive session of gains. Continuous concerns about U.S. supplies, with the recovery from Hurricane Ida’s damage dragging into a second week, gave the...

European banks still booking profits in tax havens, says report

By Administrator_ India Capital Sands Top banks in Europe continue to use tax havens to book chunks of profits, a trend that has changed little since 2014 despite country-by-country disclosures becoming mandatory, the EU Tax Observatory said in a report on Monday. The...

UK may require vaccine passports for big venues this month

By Administrator_ India Capital Sands The U.K. is considering a requirement for vaccine passports to be shown in order to access large venues as early as this month but has yet to decide whether to roll out jabs to healthy schoolchildren. “We are looking at, by the...

Oil mixed as Hurricane Ida pounds US crude patch, Louisiana

By Administrator_ India Capital Sands Oil prices pared early gains on Monday, off more than three-week highs reached earlier in the session as a powerful hurricane plowing through the Gulf of Mexico forced shutdowns and evacuations of hundreds of offshore oil...

How India achieved feat of 1.03 crore vaccination in a day

By Administrator_ India Capital Sands The record feat of 1.03 crore vaccine doses on August 27 was achieved on the back of Uttar Pradesh, Karnataka, and Haryana notching up their highest daily jab numbers, villages joining the party with 70 percent of all jabs given...

US plans Covid-19 booster shots at six months instead of eight: Report

By Administrator_India Capital Sands US health regulators could approve a third Covid-19 shot for adults beginning at least six months after full vaccination, instead of the previously announced eight-month gap, the Wall Street Journal reported on Wednesday. Approval...