Apple puts India iPhone maker Foxconn on probation for labour violations

Apple Inc. put Foxconn Technology Group’s factory in southern India on probation following worker protests and an investigation that revealed substandard living conditions. Foxconn, which uses the facility to assemble iPhones among other gadgets, apologized for the lapses in health standards and pledged to revamp its management and operations in the country. TheRead More →

Asian shares rise, yen falls as traders shrug off Omicron fears

By Administrator_India Capital Sands Asian shares gained on Tuesday, cruising in the slipstream of another record-setting day on Wall Street amid strong retail figures, while the safe-haven yen lost ground as traders stayed in riskier currencies and asset classes like equities. A variety of asset classes from oil to Japan’s Nikkei StockRead More →

Ola's dream of world's biggest e-scooter factory hits hurdle

By Administrator_India Capital Sands Ola Electric Mobility Pvt., the Indian startup that’s pledged to build the world’s biggest electric scooter factory, doled out a handful of brightly-hued bikes earlier this month, complete with drummers and a saxophonist to mark the occasion. Founder Bhavish Aggarwal came to thank some 100 customersRead More →

Omicron spread: Vaccinate teens in mission mode, says PM Narendra Modi

By Administrator_India Capital Sands A day after the Centre asked states to activate war rooms to tackle the rising Omicron threat, state governments stepped up their guards with fresh curbs on religious and social gatherings. They also limited capacity in restaurants and bars, and ordered strict vigil on the ground. Delhi withRead More →

Omicron variant three times more transmissible: Centre warns states

By Administrator_India Capital Sands The Centre has told states that the Omicron variant of coronavirus, based on current scientific evidence, is at least three times more transmissible than the Delta strain, asking them to ensure prompt and focused action if there is any sign of a surge. The Union health ministry has noted saidRead More →

Private sector invests Rs 15,164 cr in roads till November this fiscal

By Administrator_India Capital Sands Road Transport and Highways Minister Nitin Gadkari said private sector investment in road construction in 2020-21 and 2019-20 was Rs 12,475.53 crore and Rs 21,925.98 crore, respectively Private sector investment in road construction till November this financial year stood at Rs 15,164.25 crore, Parliament was informed onRead More →

Asian stocks rise with bond yields as Fed outcome boosts risk sentiment

By Administrator_India Capital Sands Asian stocks followed Wall Street higher on Thursday after the U.S. Federal Reserve said it would end bond-buying stimulus in March to set up three interest rate increases next year to tackle heated inflation. Bond yields rose while the dollar stabilized after slumping overnight as havensRead More →