RBI cancels the licence of West Bengal’s United Co-operative Bank

RBI cancels the licence of West Bengal's United Co-operative Bank

By Administrator_India Capital Sands The Reserve Bank of India (RBI) on Thursday said it has cancelled the licence of United Co-operative Bank Ltd, Bagnan in West Bengal due to poor financial condition. However, all the depositors will receive full amount of their deposits from Deposit Insurance and Credit Guarantee Corporation (DICGC), the RBI said. “Consequently, …

Oxygen shortage in India sparks demand for $1,000 concentrator machines

Oxygen shortage in India sparks demand for $1,000 concentrator machines

By Administrator_India Capital Sands Raphael Koch, a retailer of medical devices in the small Swiss town of Wil, has been busy for the past two weeks fielding a flurry of phone calls. Most are from Indians or India-based companies looking for oxygen concentrators, with some even wanting as many as 500 at once. But Koch’s Oxymed store …

New Covid-19 cases in India have peaked, shows Cambridge tracker

New Covid-19 cases in India have peaked, shows Cambridge tracker

By Administrator_India Capital Sands The number of new coronavirus infections in India has peaked, according to a new tracker developed by researchers at Cambridge Judge Business School and the National Institute of Economic and Social Research. “But there is substantial variation among states and union territories in their trajectories, with cases continuing to increase over the next …

Markets likely to be sluggish on weak global cues; IntergGlobe, PNB in focus

Markets likely to be sluggish on weak global cues; IntergGlobe, PNB in focus

By Administrator_India Capital Sands Mumbai: Indian stock markets are likely to be sluggish on Tuesday while trends in SGX Nifty suggest a weak opening for domestic benchmark indices. On Monday, the BSE Sensex ended at 49,502.41, up 295.94 or 0.60% and the Nifty closed at 14,942.35, up 119.20 points or 0.80% . Asian shares declined …

Market 24×365, A new 3-in-1 trading platform appeared on the Forex market

Market 24×365, A new 3-in-1 trading platform appeared on the Forex market

HND Ventures Forex and Crypto turnkey Technology Provider are delighted to announce the release of the brand new product – Market 24×365, 3in1 trading platform for MT4/MT5 Market 24×365, a new 3in1 trading platform appeared on the Forex market. HND Ventures  Forex and Crypto turnkey Technology Provider are delighted to announce the release of the brand …

Telecom companies, gear makers divided over India’s 5G spectrum trials

Telecom companies, gear makers divided over India's 5G spectrum trials

By Administrator_India Capital Sands Telecom gear makers as well as telecom companies are divided on the need to go in for elaborate 5G trial runs, especially as they have waited for nearly two years for the Department of Telecommunications (DoT) to give them permission. The DoT yesterday gave the green signal to gear makers Ericsson, …

RBI governor to make unscheduled speech at 10am as Covid devastates India

RBI cancels the licence of West Bengal's United Co-operative Bank

By Administrator_India Capital Sands Reserve Bank of India Governor Shaktikanta Das will make an unscheduled speech at 10 am today, Wednesday, as a new coronavirus wave threatens a nascent economic recovery. The address will be broadcast at 10am local time, the RBI said on Twitter. It didn’t elaborate. A team at the Indian Institute of Science in …

Stocks to watch: Adani Ports, JSW Energy, Tata Chemicals, LTTS, ICICI Bank

Markets likely to be sluggish on weak global cues; IntergGlobe, PNB in focus

By Administrator_India Capital Sands Nifty futures on the Singapore Exchange traded 7 points higher at 14,690, indicating a flat-to-positive start for Indian markets on Tuesday. JSW Energy: The firm said its arm JSW Renew Energy has signed a power purchase agreement (PPA) for supply of 540 MW of blended wind power capacity. The PPA is signed with …

Dollar holds gains as traders look to U.S. data for policy cues

Dollar holds gains as traders look to U.S. data for policy cues

By Administrator_India Capital Sands The dollar clung to a recent bounce on Monday as investors made a cautious start to a week crammed with central bank meetings and big-ticket U.S. economic data, looking for clues on the outlook for global inflation and for policymakers’ response. Asia trade was thinned by public holidays in Japan and …