Monthly archives: May, 2020

India allows export of paracetamol API

India allows export of paracetamol API

By Administrator_India Capital Sands India has ended restrictions on export of active pharmaceutical ingredients  of common pain reliever paracetamol, the Directorate General Of Foreign Trade said in a statement on Thursday. The Indian government in March put a hold on exports of several drugs including paracetamol to secure supplies for its people after COVID-19 outbreak …

India may need to pump $20 billion into coronavirus-hit state banks

India may need to pump $20 billion into coronavirus-hit state banks

By Administrator_India Capital Sands India may need to inject up to 1.5 trillion rupees ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government and banking. The government initially considered a budget of around 250 billion rupees for bank recapitalisations but that has …

WHO expects hydroxychloroquine safety findings by mid-June

WHO expects hydroxychloroquine safety findings by mid-June

By Administrator_India Capital Sands The World Health Organization  on Tuesday promised a swift review of data on hydroxychloroquine, probably by mid-June, after safety concerns prompted the group to suspend the malaria drug’s use in a large trial on COVID-19 patients. U.S. President Donald Trump and others have pushed hydroxychloroquine as a coronavirus treatment, but the …

Weak rupee leads Indian trade body to lift cotton export estimate

Weak rupee leads Indian trade body to lift cotton export estimate

By Administrator_India Capital Sands India’s cotton exports could rise to 4.7 million bales in 2019/20, up 12% from the previous estimate, as a fall in the value of the rupee to a record low made shipments competitive, a trade body forecast. Higher exports by the world’s biggest cotton producer could put pressure on global prices, which are trading …

Japan to end Tokyo’s state of emergency, eyes fresh $930 billion stimulus

Japan to end Tokyo's state of emergency, eyes fresh $930 billion stimulus

By Administrator_India Capital Sands Japan will lift a state of emergency for Tokyo and remaining areas still facing restrictions on Monday, while the Nikkei reported a plan for new stimulus worth almost $1 trillion to help companies ride out the coronavirus pandemic. Social distancing curbs were loosened for most of the country on May 14 …

Cyclone kills at least 82 in India and Bangladesh, flooding lowlands

Cyclone kills at least 82 in India and Bangladesh, flooding lowlands

By Administrator_India Capital Sands The most powerful cyclone to strike eastern India and Bangladesh in over a decade killed at least 82 people, officials said, as rescue teams scoured devastated coastal villages on Thursday, hampered by torn down power lines and widespread flooding. Mass evacuations before Cyclone Amphan made landfall undoubtedly saved countless lives, but …

Vatican, Italy start return to religious normal as public Masses resume

Vatican, Italy start return to religious normal as public Masses resume

By Administrator_India Capital Sands Pope Francis inaugurated the full reopening of St. Peter’s Basilica on Monday and Catholic churches held public Masses for the first time in two months in the latest easing of Italy’s coronavirus restrictions. Francis said a private Mass in a side chapel where St. John Paul II is buried to commemorate …

Japan slips into recession, worst yet to come as pandemic wreaks havoc

Japan slips into recession, worst yet to come as pandemic wreaks havoc

By Administrator_India Capital Sands Japan’s economy slipped into recession for the first time in 4-1/2 years, GDP data showed on Monday, putting the nation on course for its deepest postwar slump as the coronavirus crisis takes a heavy toll on businesses and consumers. The world’s third-largest economy shrank for the second consecutive quarter in the …

Success is the fruit of Hard work

Success is the fruit of Hard work Entrepreneurs are people who dare to go think beyond the obvious and make things happen. Their way of thinking goes beyond the creative ability of their competitors. Businesses which now have a global presence were once small and unassuming. One such example is Arun Kumar Saini (Young Indian Entrepreneur) …