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 […]
Business
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, […]
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 […]
Petrol Price Today Hits Rs 100-per-Litre Mark in Delhi, Kolkata
By Administrator_ India Capital Sands With no end in sight for the rising fuel prices across India, the price of petrol and diesel continues to rise across the nation. Pump prices for fuel have been hiked again today by the state-run oil companies. The recent hike has Delhi and Kolkata crossing […]
Cryptocurrency Prices Today: Bitcoin up, Tether down 0.16%
By Administrator_ India Capital Sands The global cryptocurrency market is in the green on June 28 (today). The total market cap is $1.37 trillion, a 3.46 percent increase over the last day. The total crypto market volume over the last 24 hours is $74.43 billion, which makes a 13.33 percent […]
Gold Up, Powell Promises Rates Will Not Rise Too Quickly
By Administrator_ India Capital Sands Gold was up on Wednesday morning in Asia after U.S. Federal Reserve Chairman Jerome Powell’s reassuring message that interest rates will not rise too quickly based only on the fear of coming inflation. However, a strengthening dollar curbed gains for the yellow metal. Gold futures were […]
Sebi Bans New Franklin Templeton Debt Funds For Two Years
By Administrator_ India Capital Sands The market regulator on Monday barred Franklin Templeton Mutual Fund from launching any new debt schemes for two years after a probe into its sudden closure of six credit funds last year found “serious lapses and violations”. The decision by the Securities and Exchange Board […]
S&P downgrades Future Retail’s issuer credit rating on debt recast
By Administrator_ India Capital Sands Global rating agency Standard & Poor’s has downgraded Future Retail Ltd’s long-term rating issuer credit rating from “CCC-” to “SD”, amounting to default. The rating action follows a restructuring of onshore debt. India-based Future Retail has completed the one-time restructuring of its onshore debt (about Rs 10,200 crore) that […]
Yellow metal trades higher; buy for a target of Rs 47,850, say experts
By Administrator_India Capital Sands India Gold MCX June futures rose on Monday tracking positive trends seen in the international spot prices supported by a soft dollar ahead of the U.S. Federal Reserve policy meeting this week. On the Multi-Commodity Exchange (MCX), June gold contracts were trading higher by 0.11 percent at […]
Gold steady as inflation bets counter firm US dollar, yields
By Administrator_India Capital Sands Gold prices held steady on Monday, buoyed by concerns over inflation after U.S. President Joe Biden announced a $2 trillion-plus jobs plan last week, while a stronger dollar and elevated U.S. Treasury yields limited bullion’s upside. Spot gold was flat at $1,728.60 per ounce, as of […]