India’s central bank may have to pay a bigger price for ignoring inflation by tightening interest rates much more aggressively later, as the Federal Reserve is doing now, according to the nation’s largest asset manager. “If you don’t normalize gradually and…
Oil pulled back in London, after earlier nearing $120 a barrel, on speculation high-stakes talks to revive a nuclear deal with Iran may soon conclude. Benchmark Brent crude swung in a range of almost $10 on Thursday, at first pushed higher…
India and Nepal on Thursday agreed to form a joint task force on a proposal to construct a hydropower project from investments of the two neighboring countries. The task force will have a maximum of three members from both countries. The agreement…
India and the United Arab Emirates (UAE) will on Friday sign a Comprehensive Economic Partnership Agreement (CEPA), with an aim to more than double the bilateral trade in goods to $100 billion within five years. The first round negotiation was…
India’s exports grew at a slower pace in January, after recording the highest-ever monthly outbound shipments of goods in December, showed data released by the commerce and industry ministry on Tuesday. However, exports remained above the $30 billion-mark for the eleventh consecutive month amid…
The government is committed to reduce imports and promote self-reliance in the defence sector, Finance Minister Nirmala Sitharaman said on Tuesday. She said that 68 per cent of capital for the defence sector would be earmarked for the local industry. Sitharaman also…
By Administrator_India Capital Sands Asian share markets were mixed on Monday as risk assets found support from the upbeat U.S. October payrolls report, but faced another test later in the week from a reading on U.S. inflation that could spook…
By Administrator_India Capital Sands Indranil Pan, Chief Economist at YES Bank Inflation has been running red hot in many economies of the world. However, Covid-19 was expected to have slowed consumption and built up precautionary savings. The messaging from the…
By Administrator_India Capital Sands The dollar held near three-week highs against a basket of major currencies on Friday after a raft of strong U.S. economic data rekindled expectations for earlier policy tightening by the U.S. Federal Reserve. U.S. retail sales…
By Administrator_India Capital Sands The dollar drifted within recent ranges against major peers on Wednesday after softer-than-expected U.S. inflation raised doubts about a taper of Federal Reserve stimulus this year. The dollar index stood at 92.632, little changed from Tuesday, when it…
