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Facebook signs first deal to buy renewable energy from local firm in India

Facebook signs first deal to buy renewable energy from local firm in India

By Administrator_ India Capital Sands Facebook has signed a deal to buy renewable energy in India from a local firm's wind power project, the social media giant's first such deal in the South Asian nation, the companies said on Thursday. The 32-megawatt wind power project, located in southern Karnataka state, is part of a larger portfolio of wind and solar projects that Facebook and Mumbai-based CleanMax are working together on for supplying renewable power into ...
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Gold Up Ahead of U.S. Economic Data Release

Gold Up Ahead of U.S. Economic Data Release

By Administrator_ India Capital Sands The U.S. data, including industrial production and retail sales, will be released later in the day. Gold futures edged up 0.14% to $1,738.80 by 11:59 PM ET (3:59 AM GMT). The dollar, which usually moves inversely to gold, hovered near a three-week low on Thursday and U.S. bond yields leveled off following March’s surge. The U.S. economic recovery from COVID-19 accelerated into the spring thanks to rising consumer sentiment, the ...
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March inflation rises to four-month high of 5.52% due to food, core prices

March inflation rises to four-month high of 5.52% due to food, core prices

By Administrator_ India Capital Sands The retail price inflation rate rose to a four-month high of 5.52 percent in March due to upward movement in core as well as food rates, barring vegetables and cereals. This may prevent the central bank's monetary policy committee (MPC) from cutting the policy rates unless growth really takes a hit due to regional lockdowns in 2021-22, experts say. The consumer price index (CPI)-based inflation rate had stood at 5.03 ...
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In Kerala, all political parties are for women MLAs, but only in principle

In Kerala, all political parties are for women MLAs, but only in principle

By Administrator_ India Capital Sands Women MLAs have never exceeded 10% of the Kerala Legislative Assembly in its 64-year political history. Kerala elected the highest number of women MLAs in 1996-13. Since 2001, this percentage has hovered around 5%, but in 1967 and 1977, only one woman was elected to the Kerala Vidhan Sabha. In large part, there are only a few women MLAs because political parties give a small number of tickets to women ...
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No need for lockdown

No need for lockdown, focus on Covid-19 tests: PM Narendra Modi to CMs

By Administrator_ India Capital Sands Conceding that India was in the grip of a serious public health crisis that had surpassed the first wave of the Covid-19 pandemic, Prime Minister Narendra Modi on Thursday urged state governments to test more even if that meant higher reporting of the infection. Armed with the experience of managing the first wave, better health infrastructure, and a locally manufactured vaccine, lockdowns should be avoided altogether, the PM told chief ...
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PMI services expand at a slower pace in March on surge in Covid cases

PMI services expand at a slower pace in March on surge in Covid cases

By Administrator_ India Capital Sands Activity in India’s services sector continued to expand in March, but at a slower pace with rising Covid-19 cases in the country resulting in lower footfalls and consumer uncertainty, a private survey showed on Wednesday. The IHS India Services Business Activity Index eased to 54.6 in March from 55.3 in February, suggesting moderation in growth. The 50-point mark separates expansion from contraction. But it should be noted that the PMI ...
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Union Bank, Central Bank of India offer the lowest interest rates on personal loans

Union Bank, Central Bank of India offer the lowest interest rates on personal loans

By Administrator_ India Capital Sands The state-owned banks lead the race in offering the cheapest interest rates on personal loans. Union Bank of India and Central Bank of India’s personal loan rate on a Rs 5-lakh loan with a five-year tenure starts at 8.9 percent. It is followed by Punjab National Bank (PNB) with 8.95 percent, as per data from BankBazaar.com. While the rates seem relatively lower due to benign interest rates in the system, ...
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Maharashtra Covid-19 curbs sink markets; Sensex falls over 1,400 points

Maharashtra Covid-19 curbs sink markets; Sensex falls over 1,400 points

By Administrator_ India Capital Sands Domestic stocks dropped on Monday following the imposition of strict restrictions in Maharashtra to contain the spread of Covid-19 infections, with investors fearing that the resurgence in virus cases could dent the economic recovery and hurt corporate earnings. The benchmark Sensex fell as much as 1,449 points, or 2.9 percent, in intra-day trade. The index settled at 49,159, logging a loss of 870 points, or 1.7 percent. The Nifty 50 ...
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Delhi's COVID surge continues as over 4000 cases reported 1st time this year; positivity rate 4.64%

Delhi’s COVID surge continues as over 4000 cases reported 1st time this year; positivity rate 4.64%

By Administrator_ India Capital Sands Delhi recorded 4,033 coronavirus cases on Sunday, the highest daily count this year, as the positivity rate rose to 4.64 percent from 4.48 percent the previous day, according to the health department. Twenty-one more people died due to the disease, the highest since January 1, when an equal number of fatalities were reported. The number of cumulative cases stands at 6,76,414 and the death toll is 11,081. The city had ...
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World Bank ups FY22 GDP growth projection for India by 4.7 percentage pts

World Bank ups FY22 GDP growth projection for India by 4.7 percentage pts

By Administrator_ India Capital Sands The World Bank has scaled up its projections for India's economic growth by a massive 4.7 percentage points to 10.1 percent for 2021-22 due to a strong rebound in private consumption and investment growth. The Bank had pegged the GDP growth at 5.4 percent for the country in its January report. "India, which comprises almost 80 percent of the region’s (south Asia) GDP, had a substantial revision to growth of ...
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