Friday, December 3

Month: February 2020

Commodity Broker, International, Political News, Stock Broker

Hong Kong home prices fall for second straight month in January

By  Administrator_India, Capital Sands Hong Kong private home prices fell for the second straight month in January on low transaction volumes, easing 0.2% amid the emergence of the novel coronavirus in a property market already hit hard by anti-government protests in the last year. Prices fell a revised 1.6% in December. January prices were 4.7% lower than the peak in May 2019. Fears over the virus outbreak have clouded one of the world's most expensive property markets, but property agents said business recovered slightly this month after the lunar new year holiday, as sellers cut prices and buyers sought bargains. While the volume is expected to remain low in the short term, agents do not expect a collapse in prices, given the strong pent-up demand and low interest r...
Commodity Broker, International, Political News, Stock Broker

Voda Idea seeks relief; asks DoT for Rs 8,000 crore GST refund

By Administrator_India, Capital Sands Financially stressed telecom operator Vodafone Idea, in a letter to the Department of Telecommunications , has sought the adjustment of GST refund to the tune of Rs 8,000 crore against its dues linked to adjusted gross revenue . Even as the letter listed a number of demands, including a moratorium of three years and a 15-year staggered payment of the AGR-linked dues besides asking the government to set off its GST credit, the company’s chief executive officer, Ravinder Takkar, called on DoT Secretary Anshu Prakash again — making it his third visit in a week. In a day of fast developments, the DoT also had an internal meeting to work on a proposal that may provide relief to Vodafone Idea and the telecom industry a...
Commodity Broker, International, Political News, Stock Broker

Asian Markets Fall, Wall Street Bloodbath Continues Amid CDC Warning

By  Administrator_India, Capital Sands Asian markets fell on Wednesday in Asia as U.S. stocks continued to tumble after the U.S. Centers for Disease Control and Prevention (CDC) issued a warning of an upcoming pandemic. Hong Kong’s Hang Seng Index fell 0.6% after Financial Secretary Paul Chansaid in the latest annual budget that the city’s economy is expected to range between a contraction of 1.5% and growth of 0.5%. Chan also unveiled measures worth HK$120 billion ($15 billion)to support the economy that struggled with a coronavirus outbreak and months of anti-government protests. China’s Shanghai Composite inched up 0.2%, while the SZSE Component dropped 1.4%.Japan’s Nikkei 225 extended its losses and slid 0.9% in morning trade.South Korea’s&...
Commodity Broker, Political News

One killed, dozens injured in Delhi clashes as Trump visits

By Administrator_India, Capital Sands A policeman was killed and dozens of people injured amid clashes in New Delhi on Monday as thousands demonstrating for and against a new citizenship law rioted for several hours before U.S. President Donald Trump’s maiden visit to the city. Police used tear gas and smoke grenades but struggled to disperse the crowds, as both sides hurled stones and turned a wide boulevard into a rock-strewn battle zone, about 11 miles from where Trump will meet Indian Prime Minister Narendra Modi for talks on Tuesday. One police constable was killed, a police official told Reuters, declining to be named since he isn’t authorised to speak to media. An official at Delhi’s GTB Hospital said more than 35 people injured in the clashes were undergoing treatme...
Commodity Broker, International, Political News, Stock Broker

Gold jumps over 2% as virus spread spurs safe-haven demand

By Administrator_India, Capital Sands Gold prices climbed more than 2% on Monday to their highest since February 2013, as a spike in coronavirus cases in several countries outside China heightened worries about a hit to global economic growth, prompting a flight to safe havens. Spot gold was up 1.1% at $1,661.86 per ounce by 0304 GMT, after climbing to $1,678.58 earlier in the session. U.S. gold futures rose 1% to 1,664.60. “The thinking is that fewer people are holding shares, selling down in particular, and that money has to fall into havens,” said Michael McCarthy, chief market strategist at CMC Market. “The impact on the global economy also means we will likely see a lower interest rate environment for longer.” Lower interest rates reduce the opportunity cost of hold...
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INDIAN INSTITUTION ENGINEERS (IIE) IS PROVIDING GENUINE CERTIFICATES EQUIVALENT TO BE/B TECH OR DIPLOMA ENGINEERING

Reportedly the education industry is worth over Rs. 12,000 crores worldwide. Reportedly Sounds similar but both captioned organizations are different (https://www.ieindia.org/andhttp://iieinstitution.com/  are not the same). MHRD should come out with a detailed statement on which is best Institution. Otherwise, lakhs of students will get duped in India and abroad. MHRD Notification recognizing 15 courses of Sections A & B Examinations as revised, conducted by The Institution of Engineers (India), 8 Gokhale Road, Kolkata as equivalent to bachelor’s degree in the appropriate branch of engineering of the recognized universities of India and Government of India has recognized many courses offered by Indian Institution Engineers (IIE Institution), R.K Puram New Delhi-1100...
Commodity Broker, International, Political News, Stock Broker

Trump says working on a very big trade deal with India

By  Administrator_India, Capital Sands President Donald Trump said the United States and India were working on a major trade deal, but he was not sure if it would be completed before the U.S. presidential election in November. As Trump heads to India on his first official trip on Monday, negotiators have been trying for weeks to put together a limited accord giving the U.S. greater access to India’s dairy and poultry markets and lowering tariffs on other products. But no breakthrough has yet been announced and a planned trip by United States Trade Representative Robert Lighthizer was canceled, underlining the difficulties the two sides face in narrowing differences ahead of Trump’s visit. “We can have a trade deal with India, but I’m really saving the big deal for late...
Commodity Broker, International, Political News, Stock Broker

Gold holds above $1600 on fears over economic impact of virus

By  Administrator_India, Capital Sands Gold prices held steady above the key $1,600 mark on Wednesday as an uptick in equities due to a drop in new virus cases was kept in check by fears about the economic fallout of the epidemic. Autocatalyst metal palladium, meanwhile, scaled yet another record peak on a sustained supply shortfall. Spot gold was little changed at $1,601.77 per ounce by 0244 GMT. In the previous session, bullion prices surged 1.3% to their highest since Jan. 8 at $1,605.10. U.S. gold futures were up 0.1% to $1,604.80. Asian shares and U.S. stock futures edged cautiously higher as investors tried to shake off worries about the epidemic. “The big wave of risk-off has sort of dissipated right now, but still the economic fallout is buttressing the d...
Commodity Broker, International, Political News, Stock Broker

Japan approves bill to help firms to develop 5G, drone technologies

By  Administrator_India, Capital Sands Japan's cabinet on Tuesday approved a bill to support companies to develop secure 5G mobile networks and drone technologies amid growing alarm among Tokyo policymakers over the increasing influence of China's 5G technology. The bill will give companies which develop such technologies access to low-interest rate loans from government-affiliated financial institutions if their plans fulfill standards on cyber security. Companies that adopt 5G technologies can also get tax incentives if they meet standards set by the government, according to the bill. The government will submit the bill to the parliament and aims to bring it to effect around summer. The United States has been waging a campaign against Huawei Technologies Co, which...
Commodity Broker, International, Political News, Stock Broker

UK to invest $1.6 billion in weather and climate supercomputer

By  Administrator_India, Capital Sands The British government will invest 1.2 billion pounds in what it says is the world’s most powerful supercomputer to provide more accurate weather and climate forecasts. The new supercomputer, which will be managed by the country’s Met Office, will be used to help more accurately predict storms, select the most suitable locations for flood defenses and predict changes to the global climate. It will enable better forecasting for airports so they can plan for potential disruption and provide more detailed information for the energy sector so it can prevent potential energy blackouts and surges. The Met Office’s current supercomputers reach their end of life in late 2022. The first phase of the new supercomputer will increase the Met ...