Economy

Fed rhetoric restrains dollar as traders eye inflation

Fed rhetoric restrains dollar as traders eye inflation

May 12, 2021

By Administrator_India Capital Sands The U.S. dollar hovered near its lowest levels of the year on Wednesday as traders hung on to bets that the Federal Reserve would remain steadfast in its easy policy settings ahead of data expected to show a sharp rise in annual U.S. inflation. Analysts forecast figures due at 1230 GMT […]

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

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

May 11, 2021

By Administrator_India Capital Sands China’s factory gate prices rose at the fastest rate in three and a half years in April, official data showed on Tuesday, as the world’s second-largest economy continued to gather momentum following record-setting growth in the first quarter. The producer price index (PPI), a gauge of industrial profitability, rose 6.8% from […]

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WPI inflation up 2.03% on factory goods and fuel, room for rate cut shrinks

February 16, 2021

By Administrator_India Capital Sands Unlike its retail price counterpart, the wholesale price index (WPI)-based inflation rate rose to 2.03 per cent in January from 1.22 per cent in the previous month as fuel and non-food manufactured products faced price pressures. Economists feel there is no further room for rate cuts by the monetary policy committee […]

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Finance Ministry to infuse Rs 3,000 crore in general insurance companies this quarter

February 15, 2021

By Administrator_India Capital Sands The Finance Ministry will infuse Rs 3,000 crore capital into state-owned general insurance companies during the current quarter in a bid to improve their financial health. Last year, the Union Cabinet headed by Prime Minister Narendra Modi cleared proposal to provide capital support to National Insurance, Oriental Insurance and United India […]

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Petrol, diesel prices surge again after two days: Check rates here

Petrol price at Rs 101.80 per litre in Rajasthan’s Sri Ganganagar

January 28, 2021

By Administrator_India Capital Sands The cost of premium petrol has reached Rs 101.80 per litre with a hike of 38 paise in Sri Ganganagar, Rajasthan. The petrol price has increased to reach Rs 93.86 per litre and diesel price to Rs 85.94 per litre in capital, Jaipur. Across Rajasthan, the price of petrol is above […]

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Big guns may get banking licences

Big guns may get banking licences

November 21, 2020

By Administrator_India Capital Sands A Reserve Bank of India (RBI) panel on Friday recommended giving banking licences to large industrial houses, potentially allowing the Aditya Birla group, the Tata group and Reliance Industries Ltd to apply for banking licences. The panel has also suggested that large non-bank lenders with asset sizes of more than ₹50,000 crore, including those […]

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FM tells banks to frame loan recast scheme for all viable units by Sept 15

September 4, 2020

By Administrator_India Capital Sands Finance Minister Nirmala Sitharaman on Thursday told banks to put in place by September 15 loan restructuring schemes to rescue all viable business units affected by the Covid-19 pandemic. She was holding a review meeting with heads of scheduled commercial banks and non-banking financial companies through videoconferencing. Top bank executives suggested key changes to the Reserve Bank of […]

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Wall Street mixed as S&P 500 on track for best August in 36 years

September 1, 2020

By Administrator_India Capital Sands The S&P 500 hovered near record highs on Monday as bets on a rebound in economic activity due to prolonged central bank support put the index on course for its best August in more than three decades. The Federal Reserve’s commitment to tolerate inflation and keep interest rates low, positive developments in […]

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Stocks sell-off as coronavirus surge knocks recovery hopes

Asian stocks stumble on fears of second coronavirus wave, oil up

May 12, 2020

By Administrator_India Capital Sands Asian shares skidded on Tuesday on growing worries about a second wave of coronavirus infections after the Chinese city where the pandemic originated reported its first new cases since its lockdown was lifted. The central Chinese city of Wuhan reported five new cases on Monday, casting doubts over efforts to lower […]

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Stocks sell-off as coronavirus surge knocks recovery hopes

Asia stocks set to track soft Wall Street lead amid pandemic worries

May 7, 2020

By Administrator_India Capital Sands Asian stocks were set to come under pressure on Thursday as downbeat economic data pushed investors to safe havens and growing worries about falling demand sent oil prices lower. Traders continue to be torn between signs that consumers and businesses are emerging from the economic paralysis caused by the coronavirus and […]

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