Sensex slips 127 points, Nifty ends session at 17,355

By Administrator_ India Capital Sands Equity benchmark Sensex dropped 127 points on Monday, weighed by losses in index heavyweights Reliance Industries, ICICI Bank, and HDFC Bank. The 30-share BSE index ended 127.31 points or 0.22 percent lower at 58,177.76, while the broader NSE Nifty slipped 13.95 points or

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Vaccine passports ditched in UK’s new plan to manage Covid-19 pandemic

By Administrator_ India Capital Sands British Prime Minister Boris Johnson will set out on Tuesday his plans to manage the Covid-19 pandemic in the winter months, announcing a decision to scrap the introduction of vaccine passports and steps to end some emergency powers. Johnson, under fire from some in his governing Conservative

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Life insurers report 3% YoY growth in new business premiums in August

By Administrator_ India Capital Sands After witnessing a double-digit contraction in new business premium (NBP) in July, life insurers are back in the green again, witnessing a marginal year-on-year (YoY) growth of 3 percent in NBP in August, owing to a strong performance by the private insurers. In July, life insurers reported

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Gold imports nearly double in August as prices dip ahead of festivals

By Administrator_ India Capital Sands India’s gold imports in August nearly doubled from a year earlier to the highest in five months on strong demand and as weaker prices prompted jewelers to ramp up purchases for the festive season, a government source said. Higher imports by the world’s second-biggest bullion

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Saudis cut oil prices to woo buyers as OPEC+ boosts supply

By Administrator_ India Capital Sands Saudi Arabia cut oil prices for sales to Asia next month by more than twice the expected amount in a sign the world’s largest crude exporter wants to entice buyers to take more of its barrels. State producer Saudi Aramco is rolling back pricing on all

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Tokyo Paralympics: India’s Bhavinaben Patel wins silver medal

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,

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

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

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Coronavirus Update: India adds 44,658 new COVID-19 cases, 496 deaths

By Administrator_India Capital Sands With 44,658 people testing positive for coronavirus infection in a day, India’s total tally of COVID-19 cases has increased to 3,26,03,188, while the active cases rose to 3,44,899, according to the Union Health Ministry data updated on Friday. The death toll climbed to 4,36,861

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NSE bans members from selling digital gold after Sebi flags concerns

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

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

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

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