Month: April 2020

India doing better than many developed nations against Covid: Harsh Vardhan

India has 1,000 coronavirus deaths but expert says no exponential rise

April 30, 2020

By Administrator_India Capital Sands India has recorded its 1,000th novel coronavirus death, but the head of a government think-tank said on Wednesday that its 1.3 billion people, strained from weeks of lockdown, were not experiencing the feared exponential surge in infections. India has now reported 31,331 cases, including 1,007 deaths, according to figures from the […]

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Stocks sell-off as coronavirus surge knocks recovery hopes

Asia shares extend gains as economies slowly re-open, oil rallies

April 29, 2020

By Administrator_India Capital Sands Asian shares rose for a third session on the trot on Wednesday as investors took heart from easing coronavirus lockdowns in some parts of the world while oil prices jumped on hopes demand will pick up. Risk assets including equities have rallied for most of this month thanks to heavy doses […]

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Markets in 'deep hole' as growth fears escalate; Sensex falls 1,115 points

India stocks higher at close of trade; Nifty 50 up 1.06%

April 28, 2020

By Administrator_India Capital Sands India stocks were higher after the close on Tuesday, as gains in the Banking, Consumer Durables and Carbon sectors led shares higher. At the close in NSE, the Nifty 50 added 1.06% to hit a new 1-month high, while the BSE Sensex 30 index climbed 1.17%. The best performers of the session on the Nifty 50 were IndusInd Bank Ltd. , […]

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Bangladesh garment factories reopen, while India looks to ease its lockdown

April 28, 2020

By Administrator_India Capital Sands More than 500 garment factories in Bangladesh that supply to global brands reopened on Monday after a month-long shutdown to curb the spread of the coronavirus, while India considered ways to scale back its vast lockdown to reduce economic pain. Some of the world’s biggest clothing firms including Gap Inc, Zara-owner […]

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Indian government brushes off Indian tax officers' proposal for coronavirus tax on super rich

Indian government brushes off Indian tax officers’ proposal for coronavirus tax on super rich

April 27, 2020

By Administrator_India Capital Sands A group of Indian Revenue Service officers have recommended taxing the super rich, and foreign companies, to help pay for the coronavirus economic fallout, but the government brushed off the idea, saying it did not reflect official views. Some 50 officers of the Indian Revenue Service recommended raising the highest tax […]

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Cheaper oil, foreign flows a tailwind for rupee

Cheaper oil, foreign flows a tailwind for rupee

April 24, 2020

By Administrator_India Capital Sands India’s rupee, among Asia’s worst performing currencies this year, could be the fastest in the region to rally as the world restarts economic activities after the coronavirus pandemic, oil prices weaken and the U.S. dollar eases broadly, analysts said. The partially convertible Indian rupee has lost nearly 7% against the dollar […]

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UK variant of coronavirus a concern, ‘likely to sweep the world’, warns scientist

Prince Charles and his wife join UK round of applause for carers

April 24, 2020

By Administrator_India Capital Sands Prince Charles and his wife Camilla joined Britain’s “Clap for Carers” ritual on Thursday, their first appearance together since the heir to the throne recovered from the coronavirus. The nationwide event has become a weekly fixture in recent weeks, with Britons up and down the country clapping, banging pots and pans, […]

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ECB Cushions Hammer Blow from PMIs

ECB Cushions Hammer Blow from PMIs

April 23, 2020

By Administrator_India Capital Sands   Europe’s stock markets dealt better than might have been expected with another crushingly negative set of business surveys on Thursday, trading roughly mixed thanks to fresh support measures from both government and – more importantly – the European Central Bank. Italian, Spanish and Portuguese banks were among the biggest winners […]

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Rashtrapati Bhavan isolates 500 over virus scare, Pakistan's Khan to be tested

Rashtrapati Bhavan isolates 500 over virus scare, Pakistan’s Khan to be tested

April 22, 2020

By Administrator_India Capital Sands About 500 people entered self-isolation in staff quarters of India’s presidential palace on Tuesday, and Pakistan’s prime minister was due to be tested, as the coronavirus spreading through South Asia hit the heart of the region’s governments. Afghan President Ashraf Ghani and his wife tested negative for the coronavirus, his spokesman […]

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Corruptors of cricket active even in lockdown, ICC anti-corruption head says

April 19, 2020

Dubai: The corruptors in the sport of cricket are not actually lying idle even though all action has come to a standstill due to the coronavirus pandemic, according to a top official of the world governing body of cricket. Alex Marshall, General Manager of the Anti-Corruption Unit of International Cricket Council (ICC), revealed that “known […]

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