By Administrator_ India Capital Sands The Reserve Bank of India (RBI) on July 27 imposed a monetary penalty of Rs 1 lakh on Sarvodaya Commercial Co-operative Bank for non-compliance with directions issued by the RBI on ‘Loans and advances to directors, relatives and firms/concerns in which they are interested, the RBI […]
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Elon Musk criticizes Apple during Tesla earnings call
By Administrator_ India Capital Sands Billionaire Elon Musk, on July 26, criticized technology giant Apple in remarks made during a conference call about Tesla’s second-quarter results. Musk denied that Tesla uses a large amount of cobalt in the production of lithium-ion cells, which are used in electric vehicles. Apple, Tesla, […]
We must move forward with ‘Nation First, Always First’ mantra: PM Modi
By Administrator_ India Capital Sands Stressing on the ‘Nation First, Always First’ mantra, Prime Minister Narendra Modi said on Sunday that as the country enters its 75th year of Independence, every citizen should lead a “Bharat Jodo Andolan” in the same manner as Mahatma Gandhi had led the “Bharat Chhoro Andolan”. […]
ECB vows to persist with negative rates in bid to fuel inflation
By Administrator_ India Capital Sands The European Central Bank revised its guidance on when interest rates might rise to convince investors it won’t withdraw support too hastily and derail the economic recovery. The move is aimed at strengthening the ECB’s long-running efforts to push up inflation, but it also means policymakers won’t […]
ADB lowers India’s economic growth forecast for this fiscal to 10%
By Administrator_ India Capital Sands The Asian Development Bank has downgraded India’s economic growth forecast for the current financial year to 10 percent on Tuesday, from 11 percent projected in April, on account of the adverse impact of the coronavirus pandemic. India’s GDP growth recovered to 1.6 percent in the […]
Adani Group stocks hit lower circuit over Sebi, DRI investigation
By Administrator_ India Capital Sands Adani group stocks remained under pressure for the second consecutive day after Parliament was told that the Securities and Exchange Board of India and Directorate of Revenue Intelligence were investigating some of the group companies. On July 19, the Minister of State for Finance Pankaj Chaudhary […]
Sonia Gandhi reshuffles Parliamentary groups, brings in G23 members
By Administrator_ India Capital Sands Ahead of the Monsoon Session 2021, the Congress has reconstituted its strategy groups in the Lok Sabha and Rajya Sabha by including senior faces such as Manish Tewari, Shashi Tharoor, Ambika Soni, P Chidambaram, and Digvijaya Singh. Tharoor and Tewari are part of the G-23 […]
Rising oil prices upset long-haul plans of airlines, delay recovery
By Administrator_ India Capital Sands Few sectors are as impacted as aviation by the pandemic. With travel coming to a standstill and recovery not on the horizon even with vaccination, airlines have been finding it tough to stay aloft. A year and a half since the first case of COVID-19 […]
India’s first Covid-19 patient tests positive again for coronavirus
By Administrator_ India Capital Sands A woman medico, who was India’s first COVID-19 case, has tested positive again for the virus, health authorities said here on Tuesday. “She is reinfected with COVID-19. Her RT-PCR is positive, the antigen is negative. She is asymptomatic,” Thrissur DMO Dr. K J Reena told […]
RBI offers hassle-free trading in govt bonds for retail investors
By Administrator_ India Capital Sands The Reserve Bank of India on Monday said retail investors can open an account with the central bank in few easy steps online to start trading in government bonds. The online portal for retail investors will give access to the bond trading platform available for institutional investors as […]