India see record day high of 152,879 new COVID-19 infections

India see record day high of 152,879 new COVID-19 infections

By Administrator_India Capital Sands Hitting another record daily high of 1,52,879 new coronavirus infections, India’s COVID-19 tally of cases climbed to 1,33,58,805, while the active cases breached the 11-lakh mark for the first time since the outbreak of the pandemic, according to the Union Health Ministry data updated on April 11. The death toll increased …

Refund passengers who cancelled flights in last year’s lockdown, Govt tells airlines

Refund passengers who cancelled flights in last year's lockdown, Govt tells airlines

By Administrator_India Capital Sands New Delhi: The Ministry of Civil Aviation (MoCA) has expressed dissatisfaction over airline companies defaulting on refunds to passengers over flight tickets that were booked for travel during the lockdown last year but got cancelled. MoCA Secretary on Wednesday chaired a meeting with representatives of airlines in connection with refund of credit …

Dollar stuck near two-week lows amid lower U.S. yields

Dollar stuck near two-week lows amid lower U.S. yields

By Administrator_India Capital Sands The U.S. dollar traded near more than two-week troughs versus major peers on Thursday, tracking Treasury yields lower, after minutes of the Federal Reserve’s March policy meeting offered no new catalysts to dictate market direction. Fed officials remained cautious about the risks of the pandemic – even as the U.S. recovery …

Adani Group becomes 3rd Indian conglomerate to cross $100 billion in m-cap

Adani Group becomes 3rd Indian conglomerate to cross $100 billion in m-cap

By Administrator_India Capital Sands Billionaire Gautam Adani’s ports-to-energy conglomerate has become India’s third group to cross USD 100 billion in market capitalisation with shares of four of its six listed companies soaring to an all-time high on Tuesday. The total market cap of Adani Group’s six listed companies at the close of trading on Tuesday …

West Bengal Election 2021: No NRC in WB if BJP comes to power, says Kailash Vijayvargiya

West Bengal Election 2021: No NRC in WB if BJP comes to power, says Kailash Vijayvargiya

By Administrator_India Capital Sands Countering opposition claims that the Bharatiya Janata Party (BJP), if voted to power in West Bengal, will update the National Register of Citizens (NRC), thereby “taking away the citizenship rights of people”, Kailash Vijayvargiya, the saffron camp’s national general secretary, on April 4 reaffirmed that no such plan is on the radar. …

Emmanuel Macron orders COVID-19 lockdown across all of France, closes schools

Emmanuel Macron orders COVID-19 lockdown across all of France, closes schools

By Administrator_India Capital Sands President Emmanuel Macron on Wednesday ordered France into its third national lockdown and said schools would close for three weeks as he sought to push back a third wave of COVID-19 infections that threatens to overwhelm hospitals. With the death toll nearing 100,000, intensive care units in the hardest-hit regions at …

Grofers to cover COVID-19 vaccination cost for employees, families, contractual staff

Grofers to cover COVID-19 vaccination cost for employees, families, contractual staff

By Administrator_India Capital Sands Online grocery platform Grofers on Tuesday said it will cover the cost of COVID-19 vaccination for its employees, their family members as well as the company”s contractual staff. The company aims to cover vaccination cost for 25,000 people across 38 cities, it added. Grofers will cover the vaccination cost for its …

Dow Bags Record Close as Boeing Flies in Gains on New Orders

Strong economic data lifts Dow, S&P 500 to record closes

By Administrator_India Capital Sands The Dow closed at a record high Monday, shrugging off weakness in energy stocks and bank stocks as Boeing racked up gains following new orders for its much maligned 737 Max jets. The Dow Jones Industrial Average rose 0.30%, or 98 points to close a record $33,171.77, the S&P 500 was 0.1% lower, and the Nasdaq …

Second Covid wave unlikely to derail India’s growth: RBI Governor

Second Covid wave unlikely to derail India's growth: RBI Governor

By Administrator_India Capital Sands Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday expressed confidence that the second wave of Covid infections will not derail India’s economic journey. He maintained the RBI’s recent 10.5-per cent growth forecast for the coming fiscal year (2021-22, or FY22). His assurance assumes significance amid apprehensions about surging new Covid infections and …