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India opens door for foreign universities under new education policy
Author:- Ritu
Author:- Ritu
Author:- Ritu
By Ritu http://www.capitalsands.com India on Wednesday approved a plan to allow foreign universities to open campuses in the country as part of efforts to boost education to strengthen the economy as it struggles with the impact of the coronavirus pandemic. Politicians affiliated with the left as well as Prime Minister Narendra Modi’s ruling party have
India suspends 39 import licenses for refined palm oil
Author:- Ritu
Author:- Ritu
Author:- Ritu
By Ritu, Capital Sands India has suspended 39 licences to import 452,303 tonnes of refined palm oil after a surge in duty-free purchases from neighbors such as Nepal and Bangladesh which are not key producers, government and trade sources. The suspension could reduce India’s palm oil imports in the next few months and pressure Malaysian
Indian start-ups get creative as coronavirus crisis fuels funding crunch
Author:- Ritu
Author:- Ritu
Author:- Ritu
By Ritu, Capital Sands Samik Sarkar was managing to eke a profit out of his online apparel store before the coronavirus crisis hit India, forcing the 36-year old to reinvent his business overnight. The rapid global economic slowdown, India’s coronavirus lockdown of 1.3 billion people and an exodus of venture capital are testing a start-up
India’s fuel demand growth could return to normal by mid-May
Author:- Ritu
Author:- Ritu
Author:- Ritu
By Ritu, Capital Sands India’s fuel demand growth could return to normal levels by mid-May as the nation takes steps to end a lockdown aimed at stemming the spread of COVID-19, oil minister Dharmendra Pradhan said, helping refiners hit by severe inventory losses. Fuel demand growth in India, the world’s third-biggest oil importer and consumer,
India to send nearly 1,000 tonnes of paracetamol raw material to Europe
Author:- Ritu
Author:- Ritu
Author:- Ritu
By Ritu, Capital Sands India will supply Europe with about 1,000 tonnes of the active pharmaceutical ingredient for common pain reliever paracetamol, a top exports body said, easing export controls on over-the counter medicines used to cope with COVID-19 symptoms. The Indian government in March put a hold on exports of several drugs including paracetamol
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Australian PM says no evidence coronavirus originated in China laboratory, urges inquiryqq

Australian PM says no evidence coronavirus originated in China laboratory, urges inquiry

By Ritu, Capital Sands Australian Prime Minister Scott Morrison, who has angered Beijing by calling for a global inquiry into the coronavirus outbreak, said he had no evidence to suggest the disease originated in a laboratory in the Chinese city of Wuhan. U.S. President Donald Trump said on Thursday he was confident the coronavirus may have originated in a Chinese ...
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India's scrap gold supplies seen at record high on price rally, coronavirus

India’s scrap gold supplies seen at record high on price rally, coronavirus

By Ritu, Capital Sands Scrap gold supplies in India are likely to hit an all-time high in 2020 as consumers sell jewellery to reap record high prices and cope with the financial crunch from the coronavirus lockdown, the World Gold Council said on Thursday. Rising scrap supplies amid a fall in demand could dent the world’s second-biggest bullion consumer’s imports ...
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Indian shares hit six-week high, HDFC surge lifts banks

Indian shares hit six-week high, HDFC surge lifts banks

By Ritu, Capital Sands Indian shares rose more than 1% on Wednesday to their highest in over six weeks, tracking an improved global mood due to the easing of some coronavirus lockdowns, while a surge in HDFC pulled financial stocks higher. While India’s own stringent restrictions remain largely in place, signs of easing in Europe and the United States and ...
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Global economy already in recession on coronavirus devastation

Global economy already in recession on coronavirus devastation

By Ritu, Capital Sands The global economy is already in a recession as the hit to economic activity from the coronavirus pandemic has become more widespread, according to economists polled by Reuters amid a raft of central bank stimulus actions this week. The spread of the disease caused by the virus, COVID-19, has sent financial markets into a tailspin despite ...
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