West Bengal to host Bengal Global Business Summit in April after 2-year COVID hiatus

West Bengal to host Bengal Global Business Summit in April after 2-year COVID hiatus

By Administrator_India Capital Sands After a hiatus of two years owing to the COVID-19 pandemic, the West Bengal government will host the Bengal Global Business Summit (BGBS) in April next year, a highly placed government official said. The business summit, a flagship programme where the state government showcases the business readiness and investment potential before …

Asia stocks mixed, U.S. inflation test looms

Asia stocks mixed, U.S. inflation test looms

By Administrator_India Capital Sands Asian share markets were mixed on Monday as risk assets found support from the upbeat U.S. October payrolls report, but faced another test later in the week from a reading on U.S. inflation that could spook the rate horses. The congressional passage of a long-delayed U.S. $1 trillion infrastructure bill cheered …

PM Gati Shakti digital tool may be opened for public use

PM Gati Shakti digital tool may be opened for public use

By Administrator_India Capital Sands In times to come, the key digital platform of Prime Minister Gati Shakti—akin to a made-in India Google map that is expected to carry much more granular details in real time—may be opened for the citizens to access and use, according to government officials in the know. “While it is not …

Petrol, diesel prices today: Hiked for 5th straight day to hit fresh highs

Record rally in crude prices sends petrol up 30 paise, diesel 37 paise; LPG surges by Rs 15

By Administrator_India Capital Sands Petrol prices increased by 31 to 36 paise per litre while diesel prices surged by 34 to 39 paise per litre across the country on November 1, according to price notification from state-owned fuel retailers. The fifth consecutive increase that follows the unrelenting hike in international oil prices has pushed the …

Azim Premji donated Rs 27 cr per day in FY21, retains top giver rank

Azim Premji donated Rs 27 cr per day in FY21, retains top giver rank

By Administrator_India Capital Sands Software exporter Wipro’s Azim Premji donated Rs 9,713 crore or Rs 27 crore a day to retain his top rank among Indian philanthropists in FY21. Premji, the founder chairman of the company, increased his donation by nearly a fourth during the pandemic year, as per the Edelgive Hurun India Philanthropy List 2021, which …

UBI cuts home loan rate to its lowest at 6.4%

By Administrator_ India Capital Sands Escalating competition in the festive season, public sector lender Union Bank of India has slashed interest rate on home loans by 40 basis points. The minimum rate of interest now starts at 6.40 percent, instead of 6.8 percent earlier. The reduced rate will be effective from October 27. Union Bank said …

Five things to note as RBI gears up for Friday policy decision on rates

Five things to note as RBI gears up for Friday policy decision on rates

By Administrator_India Capital Sands The Reserve Bank begins its October review of the monetary policy on October 6 and a decision on interest rates will be announced at the end of the three-day meet on Friday. The Monetary Policy Committee of the central bank is meeting in the backdrop of easing inflationary pressures and a liquidity …

Inflation woes keep central banks at a fix over monetary policy moves

Inflation woes keep central banks at a fix over monetary policy moves

By Administrator_India Capital Sands Indranil Pan, Chief Economist at YES Bank Inflation has been running red hot in many economies of the world. However, Covid-19 was expected to have slowed consumption and built up precautionary savings. The messaging from the central bankers around the world has been that the supply chain disruptions lie at the …

Record rally in crude prices sends petrol up 30 paise, diesel 37 paise; LPG surges by Rs 15

Record rally in crude prices sends petrol up 30 paise, diesel 37 paise; LPG surges by Rs 15

By Administrator_India Capital Sands Fuel prices kept on breaking records with petrol being raised by 26 to 30 paise and diesel by 34 to 37 paise across the country on Wednesday on the back of crude oil soaring to 2014 highs in the international markets. The latest round of hike sent the petrol price in …

Facebook blames “faulty configuration change” for nearly six-hour outage

By Administrator_India Capital Sands Facebook Inc blamed a “faulty configuration change” for a nearly six-hour outage on Monday that prevented the company’s 3.5 billion users from accessing its social media and messaging services such as WhatsApp, Instagram and Messenger. The company in a late Monday blog post did not specify who executed the configuration change and …