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Crypto back on track? SC allows banks to provide cryptocurrency services; sets aside RBI prohibitions

By Ritu Capital Sands The Supreme Court on March 4 allowed banks and financial institutions from providing services related to cryptocurrencies by setting aside the Reserve Bank of India’s 2018 circular which had prohibited them. The order is likely to…

Gold Stages a Fight Back After Slump Leaves Haven With Black Eye

By Ritu, Capital Sands After getting caught up in last week’s punishing virus-driven sell-off, gold rebounded on Monday to refresh its haven credentials. The metal advanced after a weekend of negative developments, including a surge in virus cases around the…

Asian stock markets reverse losses on global policy stimulus hopes

By  Administrator_India, Capital Sands Asian shares steadied from early losses on Monday as investors placed their hopes on a coordinated global monetary policy response to weather the damaging economic impact of the coronavirus epidemic. Pandemic fears pushed markets off a…

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…

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%…

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…

Google takes on EU in court over record antitrust fines

By Administrator_India, Capital Sands Google will on Wednesday seek to overturn the first of three hefty European Union antitrust fines at Europe’s second-highest court in a landmark case that could determine how EU enforcers take on U.S. tech giants for…

Budget 2020: All eyes on tax receipts as mop-up dips by Rs 1.91 trillion

By Administrator_India, Capital Sands With just days to go before the Union Budget 2020-21 is presented, all eyes are on tax receipts for the current fiscal year (April 2019-March 2020, or FY20), which would be revised in the Budget. The…

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