Month: August 2020

Oil Up, Finishes August Strong Despite Oversupply Fears

August 31, 2020

By Administrator_India Capital Sands Brent oil futures rose 0.61% to $46.09 by 12:17 AM ET (5:17 AM GMT) and WTI futures were up 0.40% to $43.14. Oil was up on Monday morning in Asia, with global stimulus measures continuing to support prices but with gains capped over creeping fears of an oversupply. Hurricane Laura, which struck the Gulf […]

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Jerome Powell targets 2% average inflation, focus shifts to jobs

August 28, 2020

By Administrator_India Capital Sands The Federal Reserve on Thursday rolled out an aggressive new strategy to restore the United States to full employment and lift inflation back to healthier levels in a world where it now believes that “downward risks to employment and inflation have increased.” Under the new approach, laid out in a fresh […]

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Tata steps up to build e-commerce app to take on Amazon, Reliance

August 27, 2020

By Administrator_India Capital Sands India’s Tata Group, the sprawling $111 billion jewelry-to-salt empire, is getting a huge digital makeover. The conglomerate is building an all-in-one e-commerce app for its swathe of consumer products and services, a person familiar with the matter said. The prototypes, which consolidate all of the group’s consumer-facing businesses and existing online assets, are […]

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Future Retail averts default, pays Rs 100 cr of interest on foreign bonds

August 25, 2020

By Administrator_India Capital Sands Future Retail, which is in talks with Reliance Industries  on sale, on Monday averted a default by paying Rs 100 crore of interest on its foreign bonds. Any legal complication due to default at this stage would have delayed the deal with RIL, a source said. The interest was paid on […]

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Serum Institute says claims surrounding COVISHIELD’s availability in 73 days are false

August 24, 2020

By Administrator_India Capital Sands Serum Institue of India  issued a statement on August 23, clarifying that all claims surrounding the availability of its COVID-19 vaccine, COVISHIELD, in 73 days are false. “Presently, the government has granted us permission to only manufacture the vaccine and stockpile it for future use,” SII said in a statement they […]

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Parliament panel summons Facebook on Sept 2 as hate speech debate grows

August 21, 2020

By Administrator_India Capital Sands The parliamentary standing committee on Information Technology has summoned Facebook on September 2 to discuss the issue of alleged misuse of social media platforms in the wake of claims that the US firm did not apply hate speech rules to certain BJP politicians. A day before, the panel will also discuss the issue of internet shutdowns. Besides […]

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Normal rainfall continues, barring in 3 states and for 3 crops

August 20, 2020

By Administrator_India Capital Sands Rainfall continues to be ‘normal’ at an all-India level as of August 15, 2020, but CRISIL’s Deficient Rainfall Impact Parameter  points to vulnerability in three states and three crops, as far as monsoon impact on agriculture goes. Rains gathered pace across India last week after some moderation. It recovered in the […]

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Softbank dispatches senior executives to help Covid-19 hit Oyo

August 19, 2020

By Administrator_India Capital Sands SoftBank Group Corp. is dispatching two executives to help Oyo Hotels, one of the largest startups in its portfolio, right its virus-stricken business in Japan, according to people familiar with the matter. Oyo Japan, a joint venture between the Indian online hotel operator and SoftBank’s domestic telecoms unit, is creating a six-member management oversight committee […]

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Oil rises on China’s plan to boost US crude imports, OPEC+ compliance

August 18, 2020

By Administrator_India Capital Sands Oil prices settled higher on Monday, as OPEC+ producers almost fully complied in July with their global production cut accord, and after U.S. officials said China is in compliance with the first phase of the two nations’ trade deal. Brent crude settled up 57 cents, or 1.3%, to $45.87 a barrel, and […]

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What is spread & tick (Pips) move and how does it work?

August 14, 2020

Spread & tick (Pips) is a derivative product, which means you don’t take ownership of the underlying asset but speculate on whichever direction you think its price will move – up or down. If your prediction is correct, you could profit, however if the price moves against you, you would incur a loss. Interested in […]

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