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By Administrator_India Capital Sands The Reserve Bank begins its October review of the monetary policy on October 6 and a decision on interest rates will be announced at the end of the three-day meet on Friday. The Monetary Policy Committee of the central bank is meeting in the backdrop of easing inflationary pressures and a liquidity flush in the system. Here ...
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By Administrator_India Capital Sands Indranil Pan, Chief Economist at YES Bank Inflation has been running red hot in many economies of the world. However, Covid-19 was expected to have slowed consumption and built up precautionary savings. The messaging from the central bankers around the world has been that the supply chain disruptions lie at the root of high inflation and ...
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By Administrator_India Capital Sands Fuel prices kept on breaking records with petrol being raised by 26 to 30 paise and diesel by 34 to 37 paise across the country on Wednesday on the back of crude oil soaring to 2014 highs in the international markets. The latest round of hike sent the petrol price in Delhi to its record high ...
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By Administrator_India Capital Sands Facebook Inc blamed a "faulty configuration change" for a nearly six-hour outage on Monday that prevented the company's 3.5 billion users from accessing its social media and messaging services such as WhatsApp, Instagram and Messenger. The company in a late Monday blog post did not specify who executed the configuration change and whether it was planned. Several ...
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By Administrator_India Capital Sands E-commerce majors Flipkart and Amazon India on Sunday said they have witnessed a strong start to this year's festive sale, with demand from tier-II and -III cities driving the momentum. Walmart-owned Flipkart on Sunday said early access for its "Flipkart Plus" programme (loyalty programme) saw a 40 per cent growth this year compared to last year, ...
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By Administrator_India Capital Sands The seven newly inducted Cabinet members in Uttar Pradesh were assigned portfolios on September 27, with former Congress leader Jitin Prasada being allotted the technical education ministry. Prasada, a top Brahmin leader in the state who joined the Bharatiya Janata Party (BJP) in June this year, was the only minister to be sworn-in on September 26 as part of the ...
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By Administrator_India Capital Sands Odisha experienced light to moderate rainfall as cyclone Gulab made landfall at a place in Andhra Pradesh, about 95 kilometres from Gopalpur in the state where a large number of people have been evacuated as a precautionary measure, officials said. The wind speed of the cyclone is much less in Odisha compared to that in the ...
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By Administrator_India Capital Sands The dollar was up on Friday morning in Asia, but remained near its lowest level in a week. Improving risk sentiment, as concerns about contagion from a potential China Evergrande Group default eased somewhat, erased the U.S. currency’s recent gains. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched up 0.08% ...
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By Administrator_India Capital Sands The Indian equity benchmarks are set to open lower as indicated by the Nifty futures traded on the Singapore Exchange. Nifty futures on Singapore Exchange also known as the SGX Nifty futures fell 0.2 per cent or 33 points to 17,529. Meanwhile, Stocks found support and U.S. futures lifted in relief on Wednesday after teetering developer ...
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By Administrator_India Capital Sands Oil prices rose on Tuesday as analysts pointed to signs of U.S. supply tightness, ending days of losses as global markets remain haunted by the potential impact on China's economy of a crisis at heavily indebted property group China Evergrande. Brent crude gained 52 cents or 0.7% to $74.44 a barrel by 0212 GMT, having fallen by almost ...
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