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 […]
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 […]
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 […]
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 […]
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%. […]
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 […]
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. , […]
By Administrator_India Capital Sands The coronavirus pandemic pushed South Korea’s economy into its biggest contraction since 2008 in the first quarter, as self-isolation measures hit consumption and global trade slumped. Finance minister Hong Nam-ki said in a policy meeting Asia’s fourth-largest economy should brace for a bigger shock from the second quarter as demand […]
By Administrator_India Capital Sands Australian retail sales surged by the most on record in March as a lockdown for the coronavirus spurred panic buying of food and other staples, perhaps saving the entire economy from a damaging contraction in the first quarter. Sales will likely plunge back in April due to strict social distancing rules […]
By Administrator_India Capital Sands South Korean and Chinese officials on Tuesday cast doubt on reports North Korean leader Kim Jong Un was ill after media outlets said he had undergone a cardiovascular procedure and was in “grave danger”. Daily NK, a Seoul-based speciality website, reported late on Monday, citing one unnamed source in North Korea, […]