Friday, December 3

Month: May 2020

India allows export of paracetamol API
HEALTH

India allows export of paracetamol API

By Administrator_India Capital Sands India has ended restrictions on export of active pharmaceutical ingredients  of common pain reliever paracetamol, the Directorate General Of Foreign Trade said in a statement on Thursday. The Indian government in March put a hold on exports of several drugs including paracetamol to secure supplies for its people after COVID-19 outbreak disrupted the industry’s supply chain globally. However, last month India allowed exports of formulations of paracetamol, also known as acetaminophen, but retained restrictions on exports of API of paracetamol.
India may need to pump $20 billion into coronavirus-hit state banks
ECONOMIC NEWS

India may need to pump $20 billion into coronavirus-hit state banks

By Administrator_India Capital Sands India may need to inject up to 1.5 trillion rupees ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government and banking. The government initially considered a budget of around 250 billion rupees for bank recapitalisations but that has risen significantly, a senior government source with direct knowledge of the matter said, with loan defaults likely to rise as businesses take a severe hit from nationwide lockdowns to tackle the coronavirus. “The situation is very grim,” the source said, adding that banks would require fresh funds soon. All the sources asked not to be identified as the discussions are private. India’s finance ministry did not respond...
WHO expects hydroxychloroquine safety findings by mid-June
Coronavirus News

WHO expects hydroxychloroquine safety findings by mid-June

By Administrator_India Capital Sands The World Health Organization  on Tuesday promised a swift review of data on hydroxychloroquine, probably by mid-June, after safety concerns prompted the group to suspend the malaria drug’s use in a large trial on COVID-19 patients. U.S. President Donald Trump and others have pushed hydroxychloroquine as a coronavirus treatment, but the WHO on Monday called time after the British journal The Lancet reported patients getting hydroxychloroquine had increased death rates and irregular heartbeats. “A final decision on the harm, benefit or lack of benefit of hydroxychloroquine will be made once the evidence has been reviewed,” the body said. “It is expected by mid-June.” Those already in a 17-country study, called Solidarity, of thousands of...
Weak rupee leads Indian trade body to lift cotton export estimate
ECONOMIC NEWS

Weak rupee leads Indian trade body to lift cotton export estimate

By Administrator_India Capital Sands India’s cotton exports could rise to 4.7 million bales in 2019/20, up 12% from the previous estimate, as a fall in the value of the rupee to a record low made shipments competitive, a trade body forecast. Higher exports by the world’s biggest cotton producer could put pressure on global prices, which are trading near their highest level in more than two months. Indian exports could also limit shipments from rivals such as the United States, Brazil and Australia to key Asian buyers such as China, Bangladesh and Vietnam. The rupee’s fall has made Indian cotton the cheapest in the world and attractive for Asian buyers, Atul Ganatra, president of the Cotton Association of India  said. Indian cotton was sold at around 62 cents per pound on ...
Japan to end Tokyo’s state of emergency, eyes fresh $930 billion stimulus
ECONOMIC NEWS

Japan to end Tokyo’s state of emergency, eyes fresh $930 billion stimulus

By Administrator_India Capital Sands Japan will lift a state of emergency for Tokyo and remaining areas still facing restrictions on Monday, while the Nikkei reported a plan for new stimulus worth almost $1 trillion to help companies ride out the coronavirus pandemic. Social distancing curbs were loosened for most of the country on May 14 as new infections fell, but the government had kept Tokyo and four other prefectures under watch. Japan’s economy minister told reporters on Monday the government had received approval from key advisers to remove the state of emergency for all remaining regions. It would be the first time the country has been completely free from the state of emergency since it was first declared a month and a half ago. “While the emergency state will be li...
Cyclone kills at least 82 in India and Bangladesh, flooding lowlands
India

Cyclone kills at least 82 in India and Bangladesh, flooding lowlands

By Administrator_India Capital Sands The most powerful cyclone to strike eastern India and Bangladesh in over a decade killed at least 82 people, officials said, as rescue teams scoured devastated coastal villages on Thursday, hampered by torn down power lines and widespread flooding. Mass evacuations before Cyclone Amphan made landfall undoubtedly saved countless lives, but the full extent of the casualties and damage will only be known once communications are restored, officials said. In the Indian state of West Bengal, Chief Minister Mamata Banerjee said at least 72 people had perished - most of them either electrocuted or killed by trees uprooted by winds gusting up to 185 km per hour (115 mph). She said the storm had carved a 400-km long swathe through the state and ann...
Bharti Airtel shares rise 10%; data demand, tariff hikes help
Shares

Bharti Airtel shares rise 10%; data demand, tariff hikes help

By Administrator_India Capital Sands Shares of Bharti Airtel Ltd. surged 10% to a record high on Tuesday, as customers upgraded their data and calling plans and the Indian telecom operator raised mobile tariffs, helping boost average revenue per user. The company’s average revenue per user, a key metric for the telecom sector, rose 25% to 154 rupees at its India mobile services business during the quarter ended March 31. Airtel said it added 12.5 million 4G subscribers in the March quarter. Indian telcos raised calling and data plan prices in the last few months after the country’s Supreme Court upheld a demand by the telecoms department that wireless carriers pay 920 billion Indian rupees ($12.11 billion) in overdue levies and interest. New-Delhi based Airtel said on Mon...
Vatican, Italy start return to religious normal as public Masses resume
WORLD NEWS

Vatican, Italy start return to religious normal as public Masses resume

By Administrator_India Capital Sands Pope Francis inaugurated the full reopening of St. Peter’s Basilica on Monday and Catholic churches held public Masses for the first time in two months in the latest easing of Italy’s coronavirus restrictions. Francis said a private Mass in a side chapel where St. John Paul II is buried to commemorate the 100th anniversary of the late Polish pope’s birth. The basilica, which on Friday underwent a sanitising to make it as cornavirus-free as possible, later opened to the public for Masses by priests on other side altars after the pope had left. Signs in English and Italian told those entering that they had to keep at least 1.5 metres (five feet) apart, wear masks and sanitize their hands. Churches throughout Italy began holding Masses un...
Japan slips into recession, worst yet to come as pandemic wreaks havoc
ECONOMIC NEWS

Japan slips into recession, worst yet to come as pandemic wreaks havoc

By Administrator_India Capital Sands Japan’s economy slipped into recession for the first time in 4-1/2 years, GDP data showed on Monday, putting the nation on course for its deepest postwar slump as the coronavirus crisis takes a heavy toll on businesses and consumers. The world’s third-largest economy shrank for the second consecutive quarter in the three months to March, intensifying the challenge for policymakers battling a once-in-a-century pandemic that has already caused widespread disruptions. GDP contracted an annualised 3.4% in the first quarter as private consumption, capital expenditure and exports fell, preliminary official data showed, following a revised 7.3 decline in the October-December period, meeting the technical definition of a recession. The median mar...
Success is the fruit of Hard work
Entrepreneur

Success is the fruit of Hard work

Success is the fruit of Hard work Entrepreneurs are people who dare to go think beyond the obvious and make things happen. Their way of thinking goes beyond the creative ability of their competitors. Businesses which now have a global presence were once small and unassuming. One such example is Arun Kumar Saini (Young Indian Entrepreneur) After dropping out of school began his career by starting a small business firm, but now he is Founder & CEO of Capital Group of companies. Capital group India based company provide multiple services in globally like financial services, educational services, website development and other services. www.aks.ind.in