By Administrator_India Capital Sands In what is yet another positive sign of the recovery of the economy and the country coming out of the grip of the second Covid-19 wave, the usage of Aadhaar by people to claim a number of benefits has risen to a record level last month. A total of 146 crore …
By Administrator_India Capital Sands Union Finance Minister Nirmala Sitharaman will be visiting the financial capital for two days starting on August 24 to meet key stakeholders. She will begin the day with a meeting with officials from the Income Tax department in the Bandra Kurla Complex business district and follow it up with deliberations on …
By Administrator_India Capital Sands Asian shares rose and a gauge of global equities hovered near record highs on Wednesday after rising consumer confidence in economic recovery boosted the Nasdaq index to its highest-ever closing level. MSCI’s global share index was set for a fifth straight month of gains on Wednesday. Its index tracking Asian shares …
By Administrator_India Capital Sands After a week of anxious waiting, markets got the high U.S. inflation number they dreaded, shrugged it off and moved on – leaving the U.S. dollar under pressure and most majors stuck in ranges. Early in the Asia session the greenback nursed small losses, as traders figured there were enough one-offs …
By Administrator_India Capital Sands World stock prices held near record highs on Wednesday, while U.S. bond yields flirted with their lowest levels in a month, as investors bet the Federal Reserve is some way off from tapering its economic stimulus. MSCI’s all-country world index last stood at 716.64, after scaling an intraday high of 718.19 …
By Administrator_India Capital Sands The U.S. dollar was subdued on Tuesday as investors looked to U.S. inflation data due later in the week after softer-than-expected jobs data quelled expectations of an early tapering in the Federal Reserve’s stimulus. The euro fetched $1.21915, bouncing back from its three-week low of $1.2104 set on Friday while the …
By Administrator_India Capital Sands The dollar is set to take its cues from the U.S. Federal Reserve’s policy statement and a speech by President Joe Biden on Wednesday, as it seeks to extend recovery from an eight-week low touched earlier in the week against a basket of currencies. The dollar index stood at 90.968, bouncing from Monday’s …
By Administrator_India Capital Sands India’s economy is likely to have returned to growth in the December quarter due to the easing of restrictions on movement after the first wave of the coronavirus epidemic peaked, a Reuters poll predicted. The median forecast from a survey of 58 economists, conducted between Feb. 18-24, put year-on-year growth at …
By Administrator_India Capital Sands The West Bengal government has decided to cut taxes on petrol and diesel price by one rupee a litre effective Monday midnight. West Bengal finance minister, Amit Mitra, said that despite Amphan, Covid-related stress and dues from the Centre running into Rs 77,000 crore, the state government has decided to cut petrol and diesel prices by one rupee a litre. This will …
By Administrator_India Capital Sands India’s exports expanded for the second consecutive month in January and the third time this fiscal year, led by robust growth in the non-oil and non-jewellery segments, indicating manufacturing activity revival. Imports also grew for the second straight month, signifying recovery in domestic demand, but led to widening of trade deficit compared to …
