Economy News

India poised to play key role in global economy: Verizon Business

India poised to play key role in global economy: Verizon Business

November 17, 2020

By Administrator_India Capital Sands India, one of the fastest-growing tech and telecom markets, is poised to play a key role in the global economy and future of technology and innovation, a senior official of Verizon Business Group has said. Robert Le Busque, Managing Director, Asia Pacific (APAC), Verizon Business Group told PTI that the rising […]

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China's factory-gate prices surge by most in over three years

Govt gifts Rs 1.45-trillion incentive for 10 manufacturing sectors

November 12, 2020

By Administrator_India Capital sands In a move that has lifted the industry sentiment in the festival season, the Union Cabinet on Wednesday approved a Rs 1.45-trillion package by extending the production-linked incentive (PLI) scheme to 10 more sectors (see chart). The policy for what the government calls the champion sectors has been tailored to attract […]

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Dollar Recovery Over, but Fed Could Spark Second Wave of Strength

Dollar Down, Gives up Earlier Gains as Volatility Remains

September 11, 2020

By Administrator_India Capital Sands The U.S. Dollar Index that tracks the greenback against a basket of other currencies edged down 0.10% to 93.295 by 9:40 PM ET (2:40 AM GMT). The euro also seesawed, initially rising over comments made by ECB President Christine Lagarde emphasized that the bank does not target exchange rates. But Lagarde’s comments […]

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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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With eye on China, India looks to increase barriers on imports from Asia

August 4, 2020

By Administrator_India Capital Sands New Delhi is considering measures to prevent trade partners mainly in Southeast Asia from re-routing Chinese goods to India with little added value, two government sources said, amid strained ties with Beijing and a push for self-reliance. India is planning to raise quality standards of imports, impose quantity restrictions, mandate stringent […]

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Indian refiners cut runs as fuel demand dips, margins fade

Indian refiners cut runs as fuel demand dips, margins fade

July 29, 2020

By Administrator_India Capital Sands Indian refiners are cutting crude processing and shutting units for maintenance as local fuel demand falls and global refining margins are weak, officials at the companies said. Fuel demand in Asia’s third largest economy had been rising since May from historic lows in April, when a nation-wide lockdown to stem the […]

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EU leaders say progress in virus recovery summit, but warn talks could still fail

EU leaders say progress in virus recovery summit, but warn talks could still fail

July 20, 2020

By Administrator_India Capital Sands EU leaders were making progress on Monday after three days of haggling over a plan to revive economies throttled by the COVID-19 pandemic, but Dutch Prime Minister Mark Rutte warned the discussions could still fall apart. EU summit chairman Charles Michel urged the 27 leaders of the European Union to achieve […]

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India unveils major credit line for small businesses, lenders

India unveils major credit line for small businesses, lenders

May 14, 2020

By Administrator_India Capital Sands India’s government said on Wednesday it will offer nearly $60 billion of loan guarantees for small businesses, shadow banks and power companies as part of measures to combat the economic damage caused by the novel coronavirus pandemic. In addition, the government will set up two debt and equity funds amounting to […]

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European shares rise on economic awakening; oil and gold jump

Asia stocks poised to rise as upbeat earnings trump jobs gloom

May 8, 2020

By Administrator_India Capital Sands Asian stocks were set to track Wall Street gains on Friday, after upbeat corporate earnings took the focus off upcoming data that is expected show the worst U.S. unemployment rate in more than 70 years. Stock futures were up ahead of the Asia market open while Thursday trading saw oil and […]

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