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India to woo businesses to Kashmir in planned investment summit
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India to woo businesses to Kashmir in planned investment summit

By Ritu, Capital Sands India plans to offer around 6,000 acres of land in Kashmir as part of a business summit planned for April or May to help the Himalayan region after withdrawing its special rights and making sweeping administrative changes. Jammu and Kashmir was India’s only Muslim-majority state until August, when the federal government …

Global Markets: Jump in new coronavirus cases stymies stock rally
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Global Markets: Jump in new coronavirus cases stymies stock rally

By  Administrator_India, Capital Sands Asian stock markets wobbled on Thursday while safe-havens such as the yen, gold and bonds rose as the number of new coronavirus cases and deaths in the outbreak’s epicentre jumped. China’s Hubei province, where the virus is believed to have originated, reported 242 new deaths, double the previous day’s toll, and …

India readying $2.6 billion U.S. naval helicopter deal ahead of Trump trip
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India readying $2.6 billion U.S. naval helicopter deal ahead of Trump trip

By  Administrator_India, Capital Sands India is set to give final approval to a $2.6 billion deal for military helicopters from U.S. defence firm Lockheed Martin ahead of a proposed visit by U.S. President Donald Trump this month. Prime Minister Narendra Modi’s government is trying to pull out all the stops for Trump’s trip in a …

Dollar Gains on Virus Worries; Sterling Shows Strength
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U.S. jobs data and global coronavirus worries hold dollar firm

By  Administrator_India, Capital Sands The dollar held gains on Monday after job market data provided the latest sign of U.S. economic strength, while worries about the coronavirus epidemic kept other trade-exposed currencies subdued. Data on Friday showed U.S. job growth accelerated last month, blowing past estimates, with particular strength in construction – indicating the economy …

Majority of U.S. firms in China see revenue hit from coronavirus
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Majority of U.S. firms in China see revenue hit from coronavirus

By  Administrator_India, Capital Sands The majority of U.S. firms with operations in China expect a virus outbreak to cut revenue this year, and some are accelerating plans to shift their supply chains out of the country, according to a poll by Shanghai’s American Chamber of Commerce. Nearly a quarter of the firms forecast revenue would …

RBI policy: CPI-based inflation to GDP growth, key numbers at a glance
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RBI policy: CPI-based inflation to GDP growth, key numbers at a glance

By  Administrator_India, Capital Sands The Reserve Bank on Thursday expectedly left interest rates unchanged amid uncertain inflation outlook but left the door open for more easing in future even as it took steps to spur credit growth in an economy facing its worst slowdown in more than a decade. Here are the key numbers: • CPI projection …

India aims to double defence exports in five years amid resource crunch
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India aims to double defence exports in five years amid resource crunch

By  Administrator_India, Capital Sands India wants to double defence exports over the next five years, Prime Minister Narendra Modi said on Wednesday, as the country seeks to cut its import bill amid a funding crunch that has forced successive governments to go slow on new orders. “For several years India has been a net importer …

Asian Markets Rise; Japanese, Chinese Benchmarks Up More Than 1%
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Asian Markets Rise; Japanese, Chinese Benchmarks Up More Than 1%

By  Administrator_India, Capital Sands Asian markets rose on Wednesday morning, building on gains from the previous session. Chinese and Japanese stocks climbed more than 1%. China’s Shanghai Composite gained 1.6% , while the Shenzhen Component jumped 2.5%. The People’s Bank of China lowered interest rates on reverse repurchase agreements this week, reducing the 7-day reverse repo rate …

Asian shares slump, bonds rally as virus fears grow
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Chinese markets, yuan claw back some lost ground after virus-led wipeout

By  Administrator_India, Capital Sands China’s currency and stock markets steadied in choppy trade on Tuesday, after anxiety over the spreading coronavirus the previous session hit the yuan and erased some $400 billion in market value from Shanghai’s benchmark index. The Shanghai Composite opened 2% lower, before wobbling its way back from losses to stand 0.6% …

UK's access to single market will hinge on alignment with EU - Barnier
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UK’s access to single market will hinge on alignment with EU – Barnier

By  Administrator_India, Capital Sands Britain’s access to the European Union’s single market will depend on its alignment with the bloc’s rules and regulations, EU Brexit negotiator Michel Barnier said on Friday. He said an offer of zero tariffs and zero quotas on all goods to the UK, which left the EU last week, would be …