Coronavirus COVID-19: Total recovered cases in India cross 50 lakh mark, 10 lakh recovered in 11 days Coronavirus News 

Coronavirus COVID-19: Total recovered cases in India cross 50 lakh mark, 10 lakh recovered in 11 days

By Administrator_India Capital Sands New Delhi: In a positive development related to coronavirus spread in India, the total recoveries in the country crossed 50-lakh mark on Monday (September 28) as per the Ministry of health and family welfare. Out of the total recoveries, 10 lakh recovered cases were registered in the last 11 days showing a steady rise in the number of recoveries. As per the data shared by the Ministry of Health, the number of recoveries has continuously surged from June 3. On June 3 India recorded total of…

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COVID-19 impact on India | Multiple sectors affected in six months of lockdown Coronavirus News 

COVID-19 impact on India | Multiple sectors affected in six months of lockdown

By Administrator_India Capital Sands  India is one of the most affected countries from coronavirus pandemic. The government imposed nationwide lockdown in late March to combat the spread of the novel disease. After six months of closure India has the second highest number of cases in the world with more than 5.73 million positive cases. The government lifted lockdown restrictions in a phased manner while the shutdown took a toll on the country’s economy. The lockdown restriction halted the most economic activities and led to job loss of millions of people…

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Senate report reveals US presidential candidate Joe Biden's son Hunter's business dealings with Chinese companies U.S. 

Senate report reveals US presidential candidate Joe Biden’s son Hunter’s business dealings with Chinese companies

By Administrator_India Capital Sands In a major trouble for US presidential candidate Joe Biden, Senate Republicans on Wednesday (September 23) released a report detailing the business dealings that Biden’s son Hunter Biden pursued with foreign nationals when Biden was serving as vice president of the US. The 87-page interim report mentioned that Hunter Biden and Devon Archer engaged in numerous financial transactions with Chinese nationals who had strong connections with the Chinese government. These Chinese nationals included Ye Jianming, founder of CEFC China Energy Co. Ltd (CEFC) and chairman of…

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RBI says no resolution plan yet for PMC Bank, appoints new administrator RBI 

RBI says no resolution plan yet for PMC Bank, appoints new administrator

By Administrator_India Capital Sands The Reserve Bank of India on Tuesday said it is yet to come up with a resolution plan for Punjab and Maharashtra Cooperative Bank, and named a new administrator for the crisis-ridden lender. While the central bank and the PMC Bank administrator have been exploring various options, “factors such as huge losses incurred by the bank resulting in its entire net worth getting wiped out, steep erosion in deposits, etc. continue to pose serious challenges in finding a workable plan for revival of the bank,” the…

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Stocks to watch: SBI, agri-related stks, GMM Pfaudler, Aarti Drugs, IDBI Bk Stock Market 

Stocks to watch: SBI, agri-related stks, GMM Pfaudler, Aarti Drugs, IDBI Bk

By Administrator_India Capital Sands At 8:49 AM, Nifty futures on the Singapore Exchange (SGX) traded 81 points, or 0.72 per cent higher at 11,307, indicating a gap-up start for the Indian market on Tuesday. Here’s a look at the top stocks that may remain in focus today- Bharti Airtel, Vodafone Idea: On Monday, a Press Trust of India report quoted an unnamed DoT official to say that telecom operators, including Bharti Airtel and Vodafone Idea, which have pending AGR dues, will have to pay 10 per cent of the total liability…

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UK at critical point in COVID-19 pandemic, top medical adviser says Coronavirus News 

UK at critical point in COVID-19 pandemic, top medical adviser says

By Administrator_India Capital Sands Britain is at a critical point in the COVID-19 pandemic and faces a very challenging winter, one of the government`s top medical advisers will warn at a public briefing on Monday. Cases in Britain are on the increase in what Prime Minister Boris Johnson has labelled a second wave of the virus, with large areas of the country subject to restrictions on social freedom and London expected to be next in line. “The trend in the UK is heading in the wrong direction and we are…

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Stocks in focus on September 18, 2020 Stock Market 

Stocks in focus on September 18, 2020

By Administrator_India Capital Sands New Delhi: Markets ended in the red zone on Thursday led by losses in index heavyweights amid negative cues from global markets.The 30-share BSE index ended 323 points or 0.82 per cent lower at 38,979.85. The NSE Nifty fell 88.45 points or 0.76 per cent to 11,516.10. Here are Stocks in focus on September 18, 2020 EIH Hospitality major EIH Ltd, which runs hotels and resorts under the Oberoi brand, on Thursday said its rights issue committee has approved raising of up to Rs 350 crore.…

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COVID-19 vaccine could be distributed from October: US President Donald Trump Coronavirus News 

COVID-19 vaccine could be distributed from October: US President Donald Trump

By Administrator_India Capital Sands US President Donald Trump on Wednesday (local time) said that the COVID-19 vaccine could be distributed across the United States starting October and close to a hundred million doses could be distributed by the end of 2020. “We are on track to deliver and distribute the vaccine in a very safe and effective manner. We think we can start sometime in October. So as soon as it is announced, we would be able to start mid-October on — maybe a little bit later but, we will…

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Economic News 

China Lets Traders Push Yuan Toward Best Quarter on Record

By Administrator_India Capital Sands The yuan has strengthened 4.2% since the end of June to 6.772 per dollar, set for the biggest ever quarterly gain in Bloomberg data going back to 1981. The currency is the best performer in Asia in the third quarter, with the buying momentum being close to the strongest since January. The yuan is being supported by a slump in the dollar, while Chinese media has been attributing the gains to the nation’s economic recovery. The central bank has also helped by not standing in its…

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International 

Japan’s Yoshihide Suga wins ruling party race to replace premier Shinzo Abe

By Administrator_India Capital Sands Japanese Chief Cabinet Secretary Yoshihide Suga was elected leader of the ruling Liberal Democratic Party by an overwhelming majority, ushering in the country’s first change of prime minister in almost eight years. The party, which has ruled mostly uninterrupted since 1955, was set to use its parliamentary majority to install Suga as prime minister in a separate vote Wednesday. Suga’s appointment will bring to an end the record run of his ailing boss, Shinzo Abe, who has served since 2012 and forged an identity on the global stage…

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