Microsoft launches new program to help B2B startups in India

By Ritu, Capital Sands The new program is open to Microsoft co-sell enabled startups associated with the company. Microsoft on February 24 launched a new program to bring 100 companies to commit $100,000 (Rs 71,83,455) each for enterprise-ready solutions from 100 business-to-business (B2B) startups in the Software-as-a-Service (SaaS) space inRead More →

India to purchase over $3 billion defence equipment from US

By Ritu Capital Sands India will buy defence equipment worth more than $3 billion from the United States, President Donald Trump said on Monday, the second day of his two-day visit to the South Asian nation. The United States was working productively with Pakistan to counter terrorism on its soil,Read More →

Dollar Regains Ground as Coronavirus Spreads Globally

By Ritu, Capital Sands The dollar regained ground against a currency basket on Monday as a surge in new cases of coronavirus globally, most notably in Italy, renewed concerns over the economic impact of the outbreak. Authorities in Italy imposed a quarantine in the north of the country to tryRead More →

Yen Near 9-Month Lows, Euro Stays on the Back Foot

By Ritu, Capital Sands The safe haven yen was trading close to nine-month lows against the dollar on Thursday as risk appetite was underpinned by expectations that China will continue with steps to offset the economic impact of the coronavirus epidemic. The dollar was trading at 111.69 against the Japanese currencyRead More →

Dollar Regains Ground as Coronavirus Spreads Globally

By Ritu, Capital Sands The U.S. dollar continues to gain fans Wednesday, with China’s coronavirus continuing to batter economies in Asia, Europe showing very few signs of growth while the U.S. economy exhibits a reasonably healthy glow. EUR/USD traded at 1.0798, after pushing as low as $1.0786 for the first timeRead More →

Apple hits stocks, euro near three-year low

By Ritu, Capital Sands World stocks markets were knocked off record highs on Tuesday as two of the world’s mega companies reported damage from the coronavirus outbreak. Apple’s stock fell almost 6% in Frankfurt and all Europe’s main markets fell after the iPhone maker warned it was unlikely to meetRead More →

India's Vodafone Idea to pay 35 billion rupees in telecom , shares rise

By Ritu, Capital Sands Beleaguered Indian wireless carrier Vodafone Idea will pay 35 billion rupees ($490 million) in telecoms dues to the federal government by Feb. 21, a lawyer for the company said on Monday. Hopes that Vodafone Idea could outlive the financial squeeze due to the outstanding dues payments helpedRead More →

Zuckerberg accepts Facebook may pay more tax in different places

By Ritu, Capital Sands Facebook  Chief Executive Mark Zuckerberg accepts that global tax reforms mean the social networking giant may have to pay more taxes in different countries, Politico reported, citing excerpts of a speech he is due to give on Saturday. Cross-border tax rules are set to be rewrittenRead More →

Euro plunges against Swiss franc as China virus cases soar

By Ritu, Capital Sands The euro fell to a four-and-a-half-year low against the Swiss franc on Thursday and the yen gained as investors sought safe havens after China’s Hubei province, the epicentre of the coronavirus outbreak, reported a sharp increase in the number of new cases. Using a new methodRead More →

Gold eases on rising risk appetite as new virus cases fall

By Ritu, Capital Sands Gold prices edged lower on Wednesday as new coronavirus cases fell and risk appetite improved, although uncertainty over the economic impact of the outbreak still underpinned bullion. Spot gold XAU= edged 0.2% lower to $1,564.15 per ounce by 0818 GMT. U.S. gold futures were down 0.2%Read More →