Monthly archives: January, 2020

Euro zone GDP falls short of expectations, inflation picks up

Euro-Zone Economy Crashes on Coronavirus Business Shutdowns

By  Administrator_India, Capital Sands Euro zone economic growth was slower than expected in the last three months of 2019, a first estimate showed on Friday, while inflation in January picked up in line with expectations thanks to a jump in prices of food, alcohol and tobacco and energy. The European Union’s statistics office Eurostat said …

‘Change in 80C investments, LTCG unlikely in Budget given the fiscal constraints’

'Change in 80C investments, LTCG unlikely in Budget given the fiscal constraints'

By  Administrator_India, Capital Sands The government has been very vocal about simplification of the tax structure and they have demonstrated that for the corporate sector through a gradual progression towards a simple rate and in some sense setting a sunset date for exemptions. In that light, we could see a similar path being taken on …

India reports its first case of coronavirus

Global coronavirus cases rise to more than 12 million

By  Administrator_India, Capital Sands India reported its first case of the new coronavirus on Thursday, saying a woman in Kerala had tested positive in an outbreak that originated in China, killing 170 people, and spread abroad. The patient was an Indian student of Wuhan University in China, the government said in a statement, adding the …

Indian Railways to use facial recognition technology to identify criminals

By Administrator_India Capital Sands The Indian Railways, on January 29, announced that it planned to use facial recognition to tackle crime at railway stations. The new facial recognition system is currently being tested in Bengaluru. A senior railway official told that the move would turn the railways into a virtual fortress. “Without a physical, brick and …

Donald Trump proposes two-state solution to bring ‘permanent’ peace between Israel and Palestine

Donald Trump proposes two-state solution to bring 'permanent' peace between Israel and Palestine

By  Administrator_India, Capital Sands US President Donald Trump said Jerusalem “will remain Israel’s undivided capital” as he unveiled his Middle East peace plan aimed at solving the Israeli-Palestinian conflict, describing it as “historic” and a “giant step” towards peace. Standing along with the Israeli Prime Minister Benjamin Netanyahu in the White House, Trump proposed a …

Europe Stocks, U.S. Futures Pare Gains; Bonds Rise: Markets Wrap

Europe Stocks U.S. Futures Pare Gains; Bonds Rise: Markets Wrap

By  Administrator_India Capital Sands European stocks pared early gains alongside U.S. index futures on Tuesday amid international efforts to curb the SARS-like virus from spreading. The yuan steadied and Treasuries turned higher. The Stoxx Europe 600 Index erased an early advance, while contracts on the three main American equity indexes clung to moderate gains. Earlier …

Rakesh Jhunjhunwala under SEBI scanner over insider trading in Aptech: Report

Rakesh Jhunjhunwala under SEBI scanner over insider trading in Aptech

By  Administrator_India, Capital Sands Billionaire investor Rakesh Jhunjhunwala is under the scanner of market regulator Securities and Exchange Board of India (SEBI) over alleged insider trading in Aptech shares. SEBI is also examining the role of other Aptech board members, including Ramesh Damani and Madhu Jayakumar, The Economic Times reported. Jhunjhunwala currently holds 24.24 percent stake in Aptech, …

Oil Traders Made Billions in 2019 as Conflict Shook the Market

By  Administrator_India, Capital Sands The world’s largest energy traders enjoyed one of their best ever years in 2019 as pipeline outages, dramatic changes in ship fuel regulations and Middle East conflicts shook up the global oil market. The bonanza extended beyond the independent traders like Vitol Group and Trafigura Group Ltd. to the in-house units of oil …

India’s rice exports fall sharply as sanctions delay payments from Iran

India's rice exports fall sharply as sanctions delay payments from Iran

By Administrator_India, Capital Sands Reluctance among Indian traders to ship premium basmati rice to Iran as U.S. sanctions hobble its ability to pay has contributed to a sharp drop in overall exports from the world’s biggest supplier of the grain, trade and government sources said. Rice shipments from India slipped by more than a quarter …

Woolard to head UK markets watchdog on interim basis

Woolard to head UK markets watchdog on interim basis

By Administrator_India, Capital Sands Britain’s finance ministry has appointed Christopher Woolard as interim chief executive of the Financial Conduct Authority  to navigate the financial sector after Brexit. CEO Andrew Bailey leaves in March to become governor of the Bank of England, when Woolard will take over the FCA as interim chief executive. Woolard is currently …