India stocks lower at close of trade; Nifty 50 down 1.71%

By Administrator_India Capital Sands India stocks were lower after the close on Wednesday, as losses in the Banking, Auto and Consumer Durables sectors led shares lower. At the close in NSE, the Nifty 50 lost 0.76%, while the BSE Sensex 30 index declined 1.01%. The best performers of the session on the Nifty 50 were UPL Ltd. , which roseRead More →

India, Pakistan plan to restart some economic activity during coronavirus lockdown

By Administrator_India Capital Sands India and Pakistan are planning to partially open up some parts of the economy, officials in the two countries said on Monday, as the costs of harsh lockdowns to limit the outbreak of the coronavirus mount across the region. Indian officials said the number of coronavirusRead 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 →

By Administrator_India, Capital Sands More than two dozen diplomats are visiting Indian-administered Kashmir, New Delhi said on Wednesday, as the country tries to reassure foreign allies following several months of unrest in the contested territory. The group includes European diplomats, some of whom declined a previous invitation from New DelhiRead 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 →

India uses draconian law to keep Kashmir's political leaders locked away

By  Administrator_India, Capital Sands India has extended the detention of four political leaders in Kashmir who had been held by authorities since August to quell dissent after the central government stripped the region of its autonomy, two senior officials said on Friday. They were originally held under a law thatRead More →

By Administrator_India, Capital Sands Indian Prime Minister Narendra Modi and his party this week face their first electoral test since deadly anti-government protests erupted nearly two months ago, with the divisive turmoil likely to win them votes at polls in the capital.Modi’s Hindu-nationalist Bharatiya Janata Party (BJP) won a biggerRead More →

Oil Climbs From One-Year Low With OPEC+ Split on Output Cuts

By  Administrator_India, Capital Sands Oil increased from a one-year low toward $50 a barrel even as Saudi Arabia ran into Russian resistance in its push for further production cuts to combat a virus-driven demand decline. Futures rose in New York as a technical indicator signaled crude is oversold after fallingRead More →

By Administrator_India, Capital Sands Bharti Airtel Ltd reported its third straight quarterly loss on Tuesday, as India’s third-largest telecom firm booked 10.50 billion rupees ($147 million) in charges related to spectrum fee payments and write-downs of network equipment. The company reported a loss of 10.35 billion rupees ($145 million) forRead More →