SEBI gives direct access to stock exchanges for mutual fund investments
By Ritu, Capital Sands Very soon, investors will be able to invest in mutual funds directly through the stock exchanges on their own and without the assistance of their distributors or Registered Investment Advisors . The Securities and Exchange Board of India has asked stock exchanges to allow investors to buy and sell mutual funds […]
South Korea reports 334 new coronavirus cases, postpones military drill with U.S. troops
By Administrator_India Capital Sands South Korea reported 334 additional cases of the new coronavirus on Thursday, the largest daily increase yet, as the U.S. State Department issued a new travel warning for South Korea and a joint military drill was postponed. The new cases bring the total tally to 1,595, the Korea Centers for Disease […]
India’s Petronet explores buying LNG under 10-year contract
By Ritu, Capital Sands India’s Petronet LNG , the country’s largest importer of liquefied natural gas , is looking to buy the super-chilled fuel through a long term contract starting from 2024, according to a document reviewed by Reuters. It has issued a Request for Information indicating an interest to buy about 1 million tonnes […]
More than a dozen killed, hundreds injured as New Delhi riots overshadow Trump visit
By Administrator_India Capital Sands More than a dozen people have been killed and hundreds injured in clashes between opposing groups of protesters in New Delhi, hospital officials said on Tuesday, as riots overshadowed U.S. President Donald Trump’s first visit to India. The clashes, the worst in the capital since unrest over a new citizenship law […]
Gold retreats from seven-year high, but virus fears limit losses
By Ritu, Capital Sands Gold prices fell on Tuesday as investors booked profits from a jump to a seven-year high in the previous session and as equities regained some footing, but a spike in coronavirus cases outside of China capped bullion’s losses. Spot gold was down 0.7% at $1,648.36 per ounce as of 0605 GMT. […]
Modi holds huge rally for U.S. president’s India visit
By Administrator_India Capital Sands Donald Trump was cheered by more than 100,000 Indians at the opening of the world’s largest cricket stadium on Monday, promising “an incredible trade deal” and “the most feared military equipment on the planet” at his biggest rally abroad. Indians wore cardboard Trump masks and “Namaste Trump” hats to welcome the […]
Adani Group eyes Air India, talks in preliminary stage
By Ritu, Capital Sands Billionaire industrialist Gautam Adani backed diversified conglomerate Adani group is weighing a potential bid for state-run carrier Air India, Experts Said. If the deal fructifies, it will mark the Adani group’s big-bang entry into the domestic airline market. “The Adani group has engaged advisors and is evaluating submission of an expression […]
Google plans to move UK users’ accounts outside EU jurisdiction
By Administrator_India Capital Sands Google is planning to move its British users’ accounts out of the control of European Union privacy regulators, placing them under U.S. jurisdiction instead, the company confirmed late on Wednesday. The shift, prompted by Britain’s exit from the EU, will leave the sensitive personal information of tens of millions with less […]
Europe Higher, Boosted by Deutsche Telekom, Covestro
By Ritu, Capital Sands European stock markets pushed higher Wednesday, helped by strong earnings from index heavyweight Deutsche Telekom , while market participants looking to central banks to mitigate the damage caused by the outbreak of the coronavirus in China. The U.K.’s FTSE index traded 0.8% higher, France’s CAC 40 was up 0.5%, while the DAX was 0.4% higher. The […]
India stocks lower at close of trade; Nifty 50 down 0.44%
By Ritu, Capital Sands India stocks were lower after the close on Tuesday, as losses in the Metals, Auto and Real Estate sectors led shares lower. At the close in NSE, the Nifty 50 lost 0.44%, while the BSE Sensex 30 index lost 0.39%. The best performers of the session on the Nifty 50 were Coal India Ltd , which rose 2.92% or 4.90 points […]