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Tokyo Olympics: India’s prospects and past wins

By Administrator_ India Capital Sands All eyes and hearts are set for the Tokyo 2020 Olympics to be held in Japan from July 23 to August 8, delayed by a year due to the deadly COVID-19 pandemic. India will be participating in 18 sports disciplines and related events at the games. A total of 127 sportspersons and 101 coaches are part of the Indian contingent along with support staff and officials. As per projections, India ...
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EU rejects UK demand for new post-Brexit deal on Northern Ireland

By Administrator_ India Capital Sands Britain demanded on Wednesday a new deal to oversee problematic post-Brexit trade involving Northern Ireland, warning it already had the right to unilaterally ignore parts of an agreement struck with the bloc just last year. The European Commission immediately poured cold water on the plea, saying Prime Minister Boris Johnson and Brexit minister David Frost had negotiated the protocol and Britain had to respect its international obligations. "We will not ...
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Gold prices up to Rs. 96 to Rs. 48,222/10 gm on safe-haven; Silver corrects Rs. 810 a kg

By Administrator_ India Capital Sands Gold prices jumped by Rs 96 to Rs 48,222 per 10 gram in the Mumbai retail market on positive global cues and renewed risk aversion in global financial markets, however, the upside was capped by a sharp gain in the rupee. The surging cases of Delta variant of coronavirus and rising inflationary pressure gave safe-haven yellow metal a boost. The price of 10 gram, 22-carat gold in Mumbai was Rs ...
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Sensex sheds 586 points over Covid-19 surge in biggest drop since April 30

By Administrator_ India Capital Sands The benchmark indices on Monday declined along with Asian and European peers as investors were worried by the surge in Covid-19 cases and rising inflation. The benchmark Sensex fell 586 points to end the session at 52,553, a decline of 1.10 percent in the biggest single-day fall since April 30. The Nifty tumbled 171 points to end the session at 15,752, a drop of 1.07 percent. Safe-haven assets, including gold, ...
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Gold edges up on Delta virus threat, lower US bond yields

By Administrator_ India Capital Sands Gold prices edged higher on Monday, lifted by a retreat in U.S. Treasury yields and concerns that a surge in coronavirus cases could dampen global economic recovery, though an uptick in the dollar limited gains for the safe-haven metal. Spot gold was up 0.1% at $1,812.83 per ounce, as of 0243 GMT, after falling 1% in the previous session. U.S. gold futures eased 0.1% to $1,813.70. "Covid-driven risk aversion is ...
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Fed to shutter pandemic support asset purchases by end-2022

By Administrator_ India Capital Sands The Federal Reserve will shutter its asset purchases program by the end-2022, according to a Reuters poll, with a few more economists now predicting a rate hike as early as next year, but they pegged new COVID-19 variants as the biggest economic risk. However, Fed chair Jerome Powell said on Wednesday withdrawing monetary policy support was a long way off, with 7.5 million jobs still missing from before the pandemic ...
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PM Modi to inaugurate 5-star hotel atop Gandhinagar train station

By Administrator_ India Capital Sands PM Narendra Modi will virtually inaugurate a newly-built five-star hotel atop the redeveloped Gandhinagar railway station and a host of other big-ticket projects on July 16, said the Gujarat government. The redevelopment of the existing railway station in Gandhinagar and construction of the five-star hotel on top of the station started in January 2017 after Modi performed their groundbreaking. Now, the new-look station as well as the hotel are ready ...
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Delhi-NCR likely to see light rain with thunderstorm today

By Administrator_ India Capital Sands People in Delhi-NCR may get respite from high humidity today, as the weather department said the conditions are favorable for the advance of the monsoon over the national capital. In another statement, IMD said, "Thunderstorm with light to moderate intensity rain and winds with speed of 20-40 Km/h would occur over and adjoining areas of isolated places of Delhi, North-East Delhi, East Delhi, NCR (Noida, Ghaziabad), Sonipat, Aurangabad, Palwal (Haryana) ...
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Asia shares bounce as mood shifts, sentiment fickle

By Administrator_India Capital Sands Asian shares were enjoying a relief rally on Monday as record highs on Wall Street and policy easing in China helped calm some of the recent jitters on global growth, though plenty of potential pitfalls lay ahead this week. In the United States, inflation data could provide a scare ahead of testimony by Federal Reserve Chair Jerome Powell on Wednesday and Thursday, where markets will be hypersensitive to any talk of ...
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Gold Up, Looks to End Week With Third Consecutive Weekly Gain

By Administrator_India Capital Sands Gold was up on Friday morning in Asia and is set to end the week with its third consecutive weekly gain. A drop in U.S. Treasury yields also gave the safe-haven yellow metal a boost while the dollar, which usually moves inversely to gold, inched up on Friday but fell from three-month highs. Gold futures edged up 0.14% to $1802.75 by 12:53 AM ET (4:53 AM GMT), with prices rising 0.8% ...
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