Axis Bank posts $183 million loss as provisions nearly triple on COVID-19
By Administrator_India Capital Sands Axis Bank Ltd, India’s third-biggest private-sector lender, on Tuesday posted a surprise fourth-quarter loss of 13.88 billion rupees ($182.96 million), as it set aside more funds to cover a potential rise in bad loans in a coronavirus-hit economy. The pandemic has dealt a heavy blow to the economy, worsening problems […]
Back from COVID-19, Johnson urged to reveal UK lockdown exit strategy
By Administrator-India Capital Sands Prime Minister Boris Johnson returned to his Downing Street residence on Sunday after recovering from COVID-19, ready to take the helm again with pressure growing for the government to explain how it will ease a month-old coronavirus lockdown. Johnson, 55, spent three nights in intensive care with the illness. A spokeswoman […]
Gold Prices Up as COVID-19 Economic Costs Rise
By Administrator_India Capital Sands Gold prices were up in Asia on Thursday as investors continue to calculate the economic damage from the COVID-19 pandemic. Gold futures were up by 0.33% at $1,745.70 as the yellow metal attempted to claw back its losses from the previous session. Companies reported dismal numbers during what is turning out to be a difficult earnings season, and the U.S. Commerce Department said retail sales in […]