By Administrator_India Capital Sands India expects bad debts at its banks could double after the coronavirus crisis brought the economy to a sudden halt, a senior government official and four top bankers told. Indian banks are already grappling with 9.35…
By Administrator_India Capital Sands Reliance Industries Ltd, operator of the world’s biggest refining complex, reported a 39% slump in its March quarter profit, the steepest drop since December 2008, as a sharp fall in oil prices and lower fuel demand…
By Ritu, Capital Sands Indian shares jumped more than 3% on Thursday and were set for their best month in nearly 11 years, as sentiment improved on promising early results from a COVID-19 drug trial, while heavyweight Reliance Industries gained…
By Administrator_India Capital Sands U.S. deaths from the novel coronavirus topped 60,000 on Wednesday and the outbreak will soon be deadlier than any flu season since 1967. America’s worst flu season in recent years was in 2017-2018 when more than…
By Ritu, Capital Sands Lending to euro zone companies surged in March as firms rushed for emergency funding amid the continent’s coronavirus-related lockdown, data from the European Central Bank showed on Wednesday. With millions of people forced to stay home,…
By Administrator_India Capital Sands The U.S. coronavirus death toll reached a grim milestone on Tuesday, surpassing the number of American lives lost in the Vietnam War, as Florida’s governor met with President Donald Trump to discuss easing shutdowns aimed at…
By Administrator_India Capital Sands Asian shares and U.S. stock futures dipped into the red on Tuesday, erasing earlier gains as a renewed decline in oil prices overshadowed optimism about the easing of coronavirus-related restrictions seen globally. MSCI’s broadest index of…
By Administrator_India Capital Sands Prime Minister Boris Johnson faces the biggest conundrum of his premiership as he recuperates from COVID-19: how to lift a lockdown that is destroying swathes of the British economy without triggering a deadly second wave of…
By Administrator_India Capital Sands Asian shares and U.S. stock futures fell on Friday, spurred by doubts about progress in the development of drugs to treat COVID-19 and new evidence of U.S. economic damage caused by the coronavirus pandemic. MSCI’s broadest…
By Administrator_India Capital Sands A record 26 million Americans likely sought unemployment benefits over the last five weeks, confirming that all the jobs created during the longest employment boom in U.S. history were wiped out in about a month as…