By Ritu, Capital Sands Indian bonds rallied on Tuesday after the Reserve Bank of India (RBI) announced a new category for foreign investors, while hopes of a reduction in April’s borrowing or cancellation ahead of the first-half borrowing plan aided sentiment. The RBI said on Monday it was introducing a new category called the “fully …
By Administrator_India Capital Sands India’s liquefied petroleum gas (LPG) imports are set to surge in the June quarter as a move to provide free cooking gas coincides with lower crude processing by refiners hit by collapsing local fuel demand, company officials said. Indian refiners are processing less crude oil into fuels like LPG as industries …
By Administrator_India Capital Sands Singapore’s central bank aggressively eased its monetary policy on Monday, as widely expected, with the city-state’s bellwether economy bracing for a deep recession due to the coronavirus pandemic. The Monetary Authority of Singapore manages monetary policy through exchange rate settings, rather than interest rates, letting the Singapore dollar rise or fall …
By Administrator_India Capital Sands A new OPEC+ deal to balance oil markets might be possible if other countries join in, Kirill Dmitriev, head of Russia’s sovereign wealth fund said, adding that countries should also cooperate to cushion the economic fallout from coronavirus. A pact between the Organization of the Petroleum Exporting Countries and other producers, …
By Administrator_India Capital Sands After India imposed a 21-day nationwide lockdown on Tuesday to prevent the spread of coronavirus, the plywood factory near Uttar Pradesh’s state capital Lucknow where Surendra Pandey works was forced to shut down. On Thursday morning, with no way of earning a living, the 28-year-old labourer set off on a 110-kilometre …
By Administrator_India Capital Sands The government will provide free rice/wheat and pulses to poor for the next three months, Finance Minister Nirmala Sitharaman said during a press briefing on March 26. She announced the Prime Minister Gareeb Kalyan Scheme of Rs 1.70 lakh crore, for which the measures, include Rs 50 lakh insurance cover for all frontline medical …
By Administrator_India Capital Sands Mainland China reported a second consecutive day of no new local coronavirus infections as the epicentre of the epidemic Hubei province opened its borders, but imported cases rose as Beijing ramped up controls to prevent a resurgence of infections. A total of 67 new cases were reported as of end-Wednesday, up …
By Administrator_India Capital Sands Equity benchmark indices on Wednesday (March 25) closed in the green amid expectations of fiscal measures being announced by the government. The Sensex was up 1,861.75 points or 6.98% at 28535.78, while the broader Nifty ended up 516.80 points or 6.62% at 8317.85. Major gainers on the Nifty were Reliance Industries, …
By Administrator_India Capital Sands India ordered a 21-day lockdown of its 1.3 billion people on Tuesday to try to protect the world’s second most populous country from the coronavirus spreading around the world. Health researchers have warned that more than a million people in India could be infected with the coronavirus by mid-May, prompting the …
By Administrator_India Capital Sands The euro zone is sinking into the biggest economic crisis in its history as measures to contain the coronavirus pandemic bring much of the business world to a standstill. IHS Markit’s measure of private-sector activity plunged to the lowest since the index was started — and the currency bloc was formed …
Mouthpiece1