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PM Johnson says medics saved his life as UK deaths pass 10,000 mark

By Administrator_India Capital Sands British Prime Minister Boris Johnson left the hospital on Sunday and thanked the staff for saving his life from COVID-19, but his government was forced to defend its response to the coronavirus outbreak as the national death toll passed 10,000. The somber milestone came after Britain […]

RBI says coronavirus has ‘drastically altered’ India’s growth outlook


By Ritu, Capital Sands The outlook for India’s economic recovery has been sharply altered by the coronavirus outbreak, the central bank said in its Monetary Policy Report, underlining the pandemic’s deepening impact on South Asia’s engine of growth. “Prior to the outbreak of COVID-19, the outlook for growth for 2020-21 […]

WhatsApp limits message forwarding to slow spread of coronavirus misinformation


By Ritu, Capital Sands Facebook Inc’s WhatsApp tightened message forwarding limits on Tuesday, restricting users to sharing forwarded content one chat at a time after a jump in messages touting bogus medical advice since the start of the coronavirus crisis. The pandemic, which has killed more than 70,000 people worldwide, […]

Airline industry braces for lengthy recovery from coronavirus crisis


By Ritu, Capital Sands International seat capacity has dropped by almost 80% from a year ago and half the world’s airplanes are in storage, new data shows, suggesting the aviation industry may take years to recover from the coronavirus pandemic. Carriers including United Airlines Holdings Inc and Air New Zealand […]

India’s March factory activity growth at four-month low amid coronavirus spread


By Ritu, Capital Sands India’s manufacturing activity expanded at its slowest pace in four months in March and is likely to get worse as demand and output take a hit from the coronavirus outbreak, putting a severe dent in business optimism, a private survey found. A 21-day nationwide lockdown, which […]

India’s March electricity usage falls 9.2% as lockdown bites


By Ritu, Capital Sands India’s electricity use fell 9.2% in March, provisional government data showed on Wednesday, as consumption dropped for the first time in three months due to a nationwide lockdown to prevent the spread of the coronavirus. Consumers used 100.2 billion kilowatt hours (kWh) in March, compared with […]

Ferrari extends Italian plant closures to April 14 subject to supplies

By Administrator_India Capital Sands Luxury carmaker Ferrari  said on Friday it would extend the shutdown of its two Italian plants and reopen on April 14, provided it had supplies, and update 2020 forecasts in May when it releases its first-quarter earnings. Ferrari this month closed factories in Maranello and Modena, […]

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