August 2021 – TradenTalks

Tokyo Paralympics: India’s Bhavinaben Patel wins silver medal

August 30, 2021 Administrator_IndiaParalympics, Tokyo0 comment

By Administrator_ India Capital Sands Indian table tennis player Bhavinaben Patel has won a historic silver medal in her maiden Paralympic Games. With this medal, the Indian team opened its account at the Tokyo Games. She dedicated her Silver medal to India. “I want to thank my coach, family members, and friends for their constant support,” said Patel after winning the silver medal. Prime Minister Narendra Modi, on August 29, took to Twitter to congratulate Patel on her historic win. “The remarkable Bhavana Patel has scripted history! She brings home a historic…

Economic News

US Fed chair Jerome Powell hints at tapering of easy money policy by year-end

August 28, 2021 Administrator_IndiaFED, Federal Reserve, US0 comment

By Administrator_ India Capital Sands The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said Friday, signaling the beginning of the end of the Feds extraordinary response to the pandemic recession. The Fed’s move could lead, over time, to somewhat higher borrowing costs for mortgages, credit cards, and business loans. The Fed has been buying $120 billion a month in mortgage and Treasury bonds to try to hold down longer-term loan rates to spur borrowing and spending.…

Coronavirus News

US plans Covid-19 booster shots at six months instead of eight: Report

August 27, 2021 Administrator_IndiaCoronavirus vaccine, Pfizer, Vaccine0 comment

By Administrator_India Capital Sands US health regulators could approve a third Covid-19 shot for adults beginning at least six months after full vaccination, instead of the previously announced eight-month gap, the Wall Street Journal reported on Wednesday. Approval of boosters for three Covid-19 shots being administered in the United States include those manufactured by Pfizer and partner BioNTech SE. Moderna and Johnson & Johnson are expected in mid-September, the report said, citing a person familiar with the plans. Pfizer and BioNTech have already started the application process for the approval of its booster…

Stock Market

NSE bans members from selling digital gold after Sebi flags concerns

August 26, 2021 Administrator_IndiaGold, NSE, SEBI0 comment

By Administrator_India Capital Sands National Stock Exchange has directed its members, including stockbrokers, to discontinue the sale of digital gold on their platforms by September 10. The direction came after capital markets regulator Sebi said that certain members are providing a platform to their clients for buying and selling digital gold. Securities and Exchange Board of India (Sebi), through a letter dated August 3, informed the exchange that the said activity is in contravention of Securities Contracts (Regulation) Rules (SCRR), 1957, and the members should refrain from undertaking any such activities. The SCRR rules restrict all…

Business

Infosys becomes 4th Indian company to touch $100 bn market capitalization

August 25, 2021 Administrator_IndiaCapitalization, Infosys0 comment

By Administrator_ India Capital Sands Infosys on Tuesday became the fourth Indian company to touch a market valuation of $100 billion. The IT services major has joined the league of TCS, Reliance Industries, and HDFC Bank for crossing the $100 billion mark in terms of market capitalization. The milestone was achieved during the morning trade when the scrip was trading at its 52-week high value of Rs 1,755.6 on the BSE, which took them-cap to Rs 7. 47 trillion or $100.78 billion. However, during the close of the trading session, it pared the…

Market

Sensex, Nifty Edge Higher Led By Gains In IT, Metal Shares

August 24, 2021 Administrator_IndiaBSE, Nifty, NSE, Sensex0 comment

By Administrator_ India Capital Sands The Indian equity benchmarks opened higher on Tuesday led by gains in Infosys, HDFC Bank, Tata Consultancy Services, Tata Steel, Larsen & Toubro, and Tech Mahindra. The Sensex rose as much as 261 points to hit an intraday high of 55,816.70 and the Nifty 50 index touched an intraday high of 16,585. Meanwhile, Asian stocks rose on Tuesday on an extended bounce on Wall Street as investors drew comfort from full approval granted to the Pfizer/BioNTech vaccine and on easing worries of an imminent tapering…

Business

Cryptocurrency Prices : Bitcoin over $49,000, Ether, Dogecoin plunge

August 23, 2021 Administrator_IndiaBitcoin, Cryptocurrency, Dogecoin, Ether0 comment

By Administrator_ India Capital Sands Cryptocurrency prices continue to be in the red on August 23. The global cryptocurrency market cap is $2.13 trillion, a 1.37 percent increase over the last day, while the total crypto market volume over the last 24 hours is $93.71 billion, which makes a 13.09 percent decrease. The volume of all stable coins is now $72.90 billion – 77.79 percent of the total crypto market 24-hour volume. Bitcoin’s price is currently $49,919.25 and its dominance is currently 44.09 percent, an increase of 0.07 percent over…

Business

IndiGo says will resume flights to UAE from August 20

August 20, 2021 Administrator_IndiaFlights, Indigo, UAE0 comment

By Administrator_ India Capital Sands InterGlobe Aviation Ltd-run IndiGo will resume flight services to the United Arab Emirates from 0130 am on August 20, the airline said in a press release on August 19, hours after it said that operations to UAE stood canceled till August 24. On the morning of August 19, the UAE government had banned IndiGo from operating flights for a week after many passengers did not undergo the mandatory RT-PCR test at the departure airport. IndiGo confirmed the development, saying that due to operational issues, all its…

Economic News

RBI relaxes norms on foreign sovereign bond investment

August 19, 2021 Administrator_IndiaBank, Investment, RBI0 comment

By Administrator_ India Capital Sands The Reserve Bank of India has relaxed its norms on what banks can do with their excess dollars in the currency market, according to sources. The RBI had already allowed banks to invest their excess dollars in foreign currency bonds, but a rule in July 2016 had stated that a bank’s investment in unlisted securities should not be over 10 per cent of their investment in non-statutory liquidity ratio bonds or corporate bonds. Now, the foreign currency bonds, even if issued by sovereigns, are unlisted for…

India

Himachal Pradesh CM announces 6% extra DA for state govt employees, pensioners

August 16, 2021 Administrator_IndiaDA, Himachal Pradesh, India0 comment

By Administrator_India Capital Sands Himachal Pradesh Chief Minister Jai Ram Thakur Sunday announced six per cent additional dearness allowance (DA) for government employees and pensioners retrospectively from July 1. This announcement to provide financial benefit of Rs 450 crore to the employees and pensioners was made by the CM while presiding over a state-level function at historic Seri Manch in Mandi. Thakur also announced enhancement in subsidy to the Below Poverty Line and Above Poverty Line families on edible oils from existing Rs 10 per litre to Rs 30 per…