Category «India»

Retail inflation eases slightly to 6.26%, remains above RBI’s comfort level

Retail inflation eases slightly to 6.26%, remains above RBI's comfort level

By Administrator_India Capital Sands India’s retail inflation eased marginally to 6.26 per cent in June from 6.30 per cent in the previous month owing to moderation in rural inflation, even as it remained above the upper range of the Reserve Bank of India’s (RBI’s) 2-6 per cent target for the second straight month, the official data showed …

Dilip Kumar, legendary actor, passes away at 98

Dilip Kumar, legendary actor, passes away at 98

By Administrator_India Capital Sands Legendary actor Mohammed Yusuf Khan, known professionally as Dilip Kumar, passed away on July 7 due to prolonged illness. He was 98 years old. The news of Kumar’s demise was confirmed by Dr. Jalil Parkar, the pulmonologist treating the actor at Mumbai’s PD Hinduja Hospital. Kumar is survived by his wife Saira Banu, …

PM Narendra Modi to address medical fraternity on the occasion of National Doctors Day today

PM Narendra Modi to address medical fraternity on the occasion of National Doctors Day today

By Administrator_India Capital Sands New Delhi: Prime Minister Narendra Modi, on the occasion of National Doctor’s Day, will address the medical fraternity at an event on Thursday (July 1, 2021) morning. The event will be organised by the Indian Medical Association (IMA). The event comes amid the country is still fighting against the COVID-19 pandemic and …

Maharashtra To Unlock From Monday In Five Levels: 10 Points

Maharashtra To Unlock From Monday In Five Levels: 10 Points

By Administrator_India Capital Sands New Delhi: Maharashtra announced a five-step unlock plan from Monday in a late-night order yesterday, a day after the state government’s U-turn on ease of restrictions announced by a minister earlier. Here is your 10-point cheat sheet to this big story: The new guidelines come into effect from Monday with the districts …

Cyclone Tauktae: Navy Rescues 132 People Onboard Barge Adrift Off Mumbai

Cyclone Tauktae: Navy Rescues 132 People Onboard Barge Adrift Off Mumbai

By Administrator_India Capital Sands Mumbai:  The Indian Navy has rescued 146 people on board a barge that went adrift in the Arabia Sea near Mumbai hours before a very severe cyclonic storm with winds gusting up to 185 km per hour made landfall on the Gujarat coast, an official said on Tuesday. The Navy had deployed …

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 …

Lockdown must be the last resort, says Modi as India grapples with Covid-19

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

By Administrator_India Capital Sands As the country grapples with a worrying second wave of coronavirus infections, Prime Minister Narendra Modi appealed to states that lockdowns should be the last option. In a hurriedly called address to the nation late Tuesday evening, the PM said economic activity and livelihood must remain least impacted. His call for patience during the crisis …

India see record day high of 152,879 new COVID-19 infections

COVID-19 vaccination for all begins on May 1 — here is all you need to know

By Administrator_India Capital Sands Hitting another record daily high of 1,52,879 new coronavirus infections, India’s COVID-19 tally of cases climbed to 1,33,58,805, while the active cases breached the 11-lakh mark for the first time since the outbreak of the pandemic, according to the Union Health Ministry data updated on April 11. The death toll increased …

India’s FDI inflows up 37% in October-December to $26.16 billion

Retail inflation eases slightly to 6.26%, remains above RBI's comfort level

By Administrator_India Capital Sands Foreign direct investments (FDI) into the country increased 37 per cent in October-December to $26.16 billion, compared to $19.09 billion of inflows in the corresponding period a year ago. Despite the pandemic devastating economies, FDI inflows have risen, indicating the confidence of global investors in India. In the first nine months of FY21, foreign investments …

Extreme weather events put $84 billion of Indian bank debt at risk

Extreme weather events put $84 billion of Indian bank debt at risk

By Administrator_India Capital Sands An increase in extreme weather events such as floods, droughts and cyclones risk souring debt worth more than Rs 6.19 trillion ($84 billion) at India’s biggest financial institutions. That’s according to leading nonprofit environmental disclosure platform CDP. State Bank of India, the country’s largest lender, HDFC Bank, IndusInd Bank Ltd. and …