Thursday, July 7

Month: March 2021

Grofers to cover COVID-19 vaccination cost for employees, families, contractual staff
Business

Grofers to cover COVID-19 vaccination cost for employees, families, contractual staff

By Administrator_India Capital Sands Online grocery platform Grofers on Tuesday said it will cover the cost of COVID-19 vaccination for its employees, their family members as well as the company''s contractual staff. The company aims to cover vaccination cost for 25,000 people across 38 cities, it added. Grofers will cover the vaccination cost for its employees, their family members (including, parents, spouse, and two children) and the company''s contractual workforce, a statement said. Also, the company will reimburse the vaccination cost for those who will administer the vaccine through their personal arrangements. With the government recently appealing to people above 45 years to take the vaccine, the company will begin covering costs for its employees and their famil...
Dow Bags Record Close as Boeing Flies in Gains on New Orders
Stock Market

Dow Bags Record Close as Boeing Flies in Gains on New Orders

By Administrator_India Capital Sands The Dow closed at a record high Monday, shrugging off weakness in energy stocks and bank stocks as Boeing racked up gains following new orders for its much maligned 737 Max jets. The Dow Jones Industrial Average rose 0.30%, or 98 points to close a record $33,171.77, the S&P 500 was 0.1% lower, and the Nasdaq Composite ended down 0.60%, but had been down more than 1%. Major Dow component Boeing ended up more than 2% higher, pushing the broader index to close in record territory, after Southwest Airlines agreed to buy 100 of the aircraft maker’s 737 Max 7 planes. But energy and financials stocks kept a lid on the overall climb higher. Energy fell 1% following wild swings in oil prices amid easing expectations of supply disruptions af...
Second Covid wave unlikely to derail India’s growth: RBI Governor
Coronavirus News

Second Covid wave unlikely to derail India’s growth: RBI Governor

By Administrator_India Capital Sands Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday expressed confidence that the second wave of Covid infections will not derail India’s economic journey. He maintained the RBI’s recent 10.5-per cent growth forecast for the coming fiscal year (2021-22, or FY22). His assurance assumes significance amid apprehensions about surging new Covid infections and resultant lockdowns being clamped in many cities. “Revival of economic activity should continue unabated. I don’t see a downward revision in 10.5 per cent growth estimate for FY22, which the RBI had given last month,” Das said at the Times Network India Economic Conclave, adding he also did not foresee a repeat of the nationwide lockdown that the country had witnessed last year....
Increase Covishield dose interval to 4-8 weeks
Coronavirus News

Increase Covishield dose interval to 4-8 weeks

By Administrator_ India Capital Sands The government has increased the time interval between the two doses of Covishield — the Oxford-AstraZeneca vaccine against Covid-19, being manufactured locally by Serum Institute of India — from four-six weeks to four-eight weeks in view of the “emerging scientific evidence”. The recommendation came from the National Technical Advisory Group on Immunisation, which revised its view on the issue, and subsequently by the National Expert Group on Vaccine Administration for Covid-19, the Union health ministry said on Monday. The ministry said in a statement that keeping the existing scientific evidence in mind, it appeared that protection from the vaccine was enhanced if the second dose of Covishield was administered between six and eight weeks...
TRADING PLATFORM MARKET 24×365 (MT24365) OR MARKET 24HRS X 365DAYS AND MARKET24365
Trading Platform

TRADING PLATFORM MARKET 24×365 (MT24365) OR MARKET 24HRS X 365DAYS AND MARKET24365

What is a Trading Platform? The technology used for trading is known as a trading platform, such as opening, closing, and controlling market positions through an intermediary, say, an online broker. Brokers also offer online trading platforms either for free or at a discount rate in exchange for keeping a sponsored account and/or making a specified number of trades per month. The best trading sites provide a combination of robust features and low fees. Basics of Trading Platform A trading platform is a program that allows investors and traders to position trades through financial intermediaries and to track accounts. Trading platforms also come bundled with other services, such as quotes in real-time, charting software, news feeds, and even premium analysis. Additionally, services can b...
BEST OPTIONS AND CFDS TRADING PLATFORMS OF 2021
Trading Platform

BEST OPTIONS AND CFDS TRADING PLATFORMS OF 2021

The best options trading platforms might give you an edge in the market our opinions are our own and are not influenced by payments from advertisers. Learn about our independent review process and partners in our advertiser disclosure. We are committed to researching, testing, and recommending the best products. We may receive commissions from purchases made after visiting links within our content. Learn more about our review process. Options and CFDs trading is a high-risk area of the investment world where you can pay for the option to buy or sell a specific security at a set price on a future date. Based on fluctuations in market prices for those securities, the value of options rises and falls until their maturity date. If you want to trade options, you’ll need a brokerage ac...
OECD raises India’s economic growth forecast to 12.6% for 2021-22
Economy

OECD raises India’s economic growth forecast to 12.6% for 2021-22

By Administrator_India Capital Sands The Organization for Economic Co-operation and Development (OECD) has raised the projection for India’s economic growth rate by 4.7 per centage points at 12.6 per cent for 2021-22. That would enable India to retain its earlier tag of the fastest growing large economy in the world. In its interim report on economic outlook, OECD said: “Activity moved above pre-pandemic levels in China, India, and Turkey, helped by strong fiscal and quasi-fiscal measures and a recovery in manufacturing and construction.” It, however, pegged economic growth rate to come down to 5.4 per cent in 2022-23, which would be higher by 0.6 percentage points than its earlier estimates. That year, India would share its fastest-growing large economy tag with Indonesia, acc...
Coal India approves 32 mining projects worth Rs 47,000 cr this fiscal
Business

Coal India approves 32 mining projects worth Rs 47,000 cr this fiscal

By Administrator_India Capital Sands National miner, Coal India limited (CIL), said it has approved 32 new coal mining projects in the ongoing financial year with an estimated cost of Rs 47,000 crore. Of the 32, twenty-four are expansion of existing projects and the remaining eight are greenfield. The combined incremental peak capacity of these projects is projected at 193 million tonnes per annum (MTPA). This will be in addition to the already sanctioned capacity of 303.5 MTPA, said the company. The incremental production by FY’24 from the approved 32 expansion and the new greenfield projects would be to the tune of around 81 MTPA. CIL said this is a record capacity addition in its history. "Such high number, either in terms of projects or capacity addition, has not been cl...
China Feb exports post record surge from Covid-19-depressed 2020 levels
Coronavirus News

China Feb exports post record surge from Covid-19-depressed 2020 levels

By Administrator_India Capital Sands China's February exports grew at a record pace from a year earlier when COVID-19 battered the world's second-biggest economy, customs data showed on Sunday, while imports rose less sharply. Exports in dollar terms skyrocketed 154.9% in February compared with a year earlier, while imports gained 17.3%, the most since October 2018. The data did not include figures for January alone. In the January-February period, exports jumped 60.6% from a year earlier, when lockdowns to contain the pandemic paralysed the country's economic activity. That exceeded the forecast of analysts in a Reuters poll for a 38.9% surge. Strong exports, which benefited from China's success in largely containing the public health crisis, have helped fuel the country's ...
India’s FDI inflows up 37% in October-December to $26.16 billion
India

India’s FDI inflows up 37% in October-December to $26.16 billion

By Administrator_India Capital Sands Foreign direct investments (FDI) into the country increased 37 per cent in October-December to $26.16 billion, compared to $19.09 billion of inflows in the corresponding period a year ago. Despite the pandemic devastating economies, FDI inflows have risen, indicating the confidence of global investors in India. In the first nine months of FY21, foreign investments were the highest ever, jumping 22 per cent year-on-year to $67.54 billion. FDI inflow during December rose 24 per cent to $9.22 billion, against $7.46 billion in December 2019. Foreign investments in the equity segment in April-December grew 40 per cent to $51.47 billion, from $36.77 billion a year ago. “Measures taken by the government on the fronts of FDI policy reforms, inves...