China Sets Weaker Yuan Fix in First Sign Record Rally May Slow

China Sets Weaker Yuan Fix in First Sign Record Rally May Slow

By Administrator_India Capital Sands China set its daily yuan fixing at a weaker-than-expected level, the first signal that policy makers may want to rein in this quarter’s rapid appreciation in the currency. The People’s Bank of China’s reference rate was set at 6.7872 on Tuesday, after the spot rate weakened 0.51% overnight. That’s almost 60 …

Oil Inched Up On Libya Supply, Another U.S. Storm

Oil Inched Up On Libya Supply, Another U.S. Storm

By Administrator_India Capital Sands Oil inched up on Monday morning in Asia, with concerns about new supply from reopening Libyan reserves balanced out by news of yet another shutdown on the way for U.S rigs in the Gulf of Mexico, due to Tropical Storm Beta. Brent oil futures inched up 0.05% to $43.17 by 12:38 PM …

Boris Johnson faces Lords fight after giving ground to Brexit rebels

Boris Johnson faces Lords fight after giving ground to Brexit rebels

  By Administrator_India Capital Sands UK Prime Minister Boris Johnson faces a battle in the House of Lords over his controversial plan to break international law over Brexit despite making concessions to buy off rebels in the House of Commons. Former Tory leader Michael Howard, himself a Brexiter, promised a “rough passage” for the Bill when it reaches the upper chamber …

Indian Railways to run 40 ‘clone’ trains from September 21 to clear long waiting list

Indian Railways to run 40 ‘clone’ trains from September 21 to clear long waiting list

By Administrator_India Capital Sands New Delhi: In a big relief for millions of passengers, the Indian Railways has decided to run 40 pairs of new special trains or ‘clone’ trains from September 22 for which the reservations will begin from September 10. The Railways will also monitor all the trains currently in operation to determine which …

High food prices keep India’s retail inflation above 6% in August

High food prices keep India's retail inflation above 6% in August

By Administrator_India Capital Sands The consumer price index(CPI)- based inflation came in at 6.7 per cent for August, from 6.73% in July, courtesy food inflation refusing to soften below 9 per cent. India’s economy now struggles to cope with low growth and high inflation five months into the Covid-19 pandemic. The retail inflation has now remained above …

UK justice secretary Robert Buckland warns he may quit over Brexit plan

UK justice secretary Robert Buckland warns he may quit over Brexit plan

By Administrator_India Capital Sands Justice Secretary Robert Buckland defended the UK government’s plan to break international law by re-writing the Brexit deal, but warned he could quit over the issue if it isn’t adequately resolved by Prime Minister Boris Johnson. “If I see the rule of law being broken in a way I find unacceptable, then of course I will …

Sensex, Nifty slip into red; Max Healthcare zooms 15%

Sensex, Nifty slip into red; Max Healthcare zooms 15%

By Administrator_India Capital Sands The benchmark indices slipped into the red zone after giving up their modest opening gains in Friday’s volatile session. The S&P BSE Sensex hovered around 38,760 points after falling around 150 points from the opening highs.The Nifty50 index also gave up the 11,450-mark. Titan, HDFC Bank, Kotak Mahindra Bank, and State …

Nasdaq rebounds after tech stocks stabilise, Tesla’s shares jump 10.92%

Nasdaq rebounds after tech stocks stabilise, Tesla's shares jump 10.92%

By Administrator_India Capital Sands Wall Street’s main indexes ended higher on Wednesday to snap a three-session losing skid as investors jumped back in to take advantage of the pullback in technology-related stocks, a day after the Nasdaq confirmed correction territory. Tesla Inc shares rebounded 10.92% after suffering their biggest one-day percentage drop in the prior session, …

PE fund Silver Lake to invest in Reliance Retail, buys 1.75% stake for Rs 7,500 crore

PE fund Silver Lake to invest in Reliance Retail, buys 1.75% stake for Rs 7,500 crore

By Administrator_India Capital Sands Reliance Retail-Silver Lake deal: Private equity giant signs deal with RIL retail unit after its investment in Jio Platforms earlier this year. Private equity giant Silver Lake Partners will invest Rs 7,500 crore in the retail unit of India’s Reliance Industries Ltd (RIL) in exchange for a 1.75 percent stake. The …