Oil prices rose slightly on Friday, but were set for a fourth straight month of losses amid growing concerns over weakening demand, with the focus now turning to a potential supply cut by the OPEC next week. London-traded Brent oil futures, the global benchmark, were flat at $87.50 a barrel by 21:55 ET (01:55 GMT), […]
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India’s imports from China rise to $78.88 billion during Jan-Nov 2021
India’s exports to China have increased by 24 per cent to USD 21.54 billion during January-November 2021, while imports jumped to USD 78.88 billion in the same period as against USD 52.16 billion in the corresponding period of 2020, Parliament was informed on Wednesday. The major items of import from China include telecom instruments, computer […]
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PM Narendra Modi to chair an all-party meeting on Jan 30 :Budget session
By Administrator_ India Capital Sands Prime Minister Narendra Modi will chair an all-party meeting on January 30 during which the government will put forth its legislative agenda for the Budget session of Parliament, Parliamentary Affairs Minister Pralhad Joshi said on Wednesday. He said the meeting will be held virtually and an invitation has been extended to floor […]
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India poised to play key role in global economy: Verizon Business
By Administrator_India Capital Sands India, one of the fastest-growing tech and telecom markets, is poised to play a key role in the global economy and future of technology and innovation, a senior official of Verizon Business Group has said. Robert Le Busque, Managing Director, Asia Pacific (APAC), Verizon Business Group told PTI that the rising […]
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Govt gifts Rs 1.45-trillion incentive for 10 manufacturing sectors
By Administrator_India Capital sands In a move that has lifted the industry sentiment in the festival season, the Union Cabinet on Wednesday approved a Rs 1.45-trillion package by extending the production-linked incentive (PLI) scheme to 10 more sectors (see chart). The policy for what the government calls the champion sectors has been tailored to attract […]
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FM Nirmala Sitharaman says economic data pointing to rebound
By Administrator_ India Capital Sands Economic data has conveyed a positive message, but sustaining the numbers in the upcoming months will make the recovery certain, according to Union Finance Minister Nirmala Sitharaman. “A positive message is coming, whether it is increased GST collections, car and two-wheeler figures, exports, FDI inflows, forex reserves, PMI numbers or the […]
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RBI to purchase state government bonds through OMO
By Administrator_ India Capital Sands RBI governor Shaktikanta Das on Friday announced a slew of liquidity measures, including the purchase of state development bonds for the first time ever through open market operations. Additionally, RBI also increased the quantum of liquidity infusion into the market through purchase of government securities to Rs20,000 crore. The central […]
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Jerome Powell targets 2% average inflation, focus shifts to jobs
By Administrator_India Capital Sands The Federal Reserve on Thursday rolled out an aggressive new strategy to restore the United States to full employment and lift inflation back to healthier levels in a world where it now believes that “downward risks to employment and inflation have increased.” Under the new approach, laid out in a fresh […]
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Tata steps up to build e-commerce app to take on Amazon, Reliance
By Administrator_India Capital Sands India’s Tata Group, the sprawling $111 billion jewelry-to-salt empire, is getting a huge digital makeover. The conglomerate is building an all-in-one e-commerce app for its swathe of consumer products and services, a person familiar with the matter said. The prototypes, which consolidate all of the group’s consumer-facing businesses and existing online assets, are […]
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Fresh U.S. pandemic stimulus should be more targeted: Raghuram Rajan
By Administrator_India Capital Sands The United States should take a more targeted approach with its new pandemic aid so it can save ammunition in case of a future economic slowdown or a second wave of infections, former Reserve Bank of India Governor Raghuram Rajan said on Thursday. “We should provide the relief that is needed, […]
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