Harley Davidson to quit India, take $75 million in restructuring cost Harley Davidson to quit India, take $75 million in restructuring cost

By Administrator_India Capital Sands Iconic US motorcycle manufacturer Harley-Davidson, Inc. (Harley) will discontinue its sales and manufacturing operations in India. The move is seen as part of its global restructuring initiative, under which it plans to exit international markets, where volumes and profitability have been elusive. Industry sources said that Harley is also exploring a […]

PM Narendra Modi to chair meeting with CMs of 7 states, UTs to review COVID-19 response PM Narendra Modi to chair meeting with CMs of 7 states, UTs to review COVID-19 response

By Administrator_India Capital Sands Prime Minister Narendra Modi is scheduled to chair a high-level virtual meeting with the Chief Ministers and Health Ministers of seven COVID-19 hit states and UTs at 5:00 PM on Wednesday (September 23) to review the status and preparedness of coronavirus COVID-19 response and management. These States/UTs are Maharashtra, Andhra Pradesh, […]

COVID-19 vaccines, if developed in India, need antibody response in at least 50% cases for approval COVID-19 vaccines, if developed in India, need antibody response in at least 50% cases for approval

By Administrator_India Capital Sands According to the draft guidelines for the development of COVID-19 vaccines, a vaccine developed in India should prove that at least 50 percent of those administered with the vaccine are protected from the virus to get an approval. For vaccines that are being developed outside India, the authorisation will be provided […]

Tata group to launch India's first low-cost Covid-19 test 'Feluda' Tata group to launch India’s first low-cost Covid-19 test ‘Feluda’

By Administrator_India Capital Sands The Drugs Controller General of India has approved of the commercial launch of ‘Feluda’, the Tata CRISPR (Clustered Regularly Interspaced Short Palindromic Repeats) Covid-19 test, the Council of Scientific and Industrial Research (CSIR) said recently. This test uses an indigenously developed, cutting-edge CRISPR technology for detection of the genomic sequence of […]

Covid-19: Banks get more capital relief as ECB wants stimulus to work

By Administrator_India Capital Sands The European Central Bank offered lenders a fourth round of regulatory relief to help massive stimulus efforts feed through to a virus-stricken economy. Banks will be temporarily allowed to tweak the math behind a financial strength metric known as the leverage ratio to their benefit by stripping out deposits held at central banks, the […]

Dollar Rebounds From Lows as Fed Ups Growth Outlook, Signals Low Rates to Continue Dollar Rebounds From Lows as Fed Ups Growth Outlook, Signals Low Rates to Continue

By Administrator_India Capital Sands The dollar rebounded from lows Wednesday, as the Federal Reserve forecast rates to remain on hold until at least 2023, but also upgraded its economic outlook, citing a faster recovery. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose by 0.17% to 93.24. […]

Stocks in focus on September 16, 2020 Stocks in focus on September 16, 2020

By Administrator_India Capital Sands New Delhi: Markets ended in the green led by rally in banking and finance stocks amid a positive trend in global markets. The 30-share BSE Sensex closed 287.72 points or 0.74 per cent higher at 39,044.35. The broader NSE Nifty rose 81.75 points or 0.71 per cent to finish at 11,521.80. […]

India becomes member of UN's Commission on Status of Women; China fails to secure a seat India becomes member of UN’s Commission on Status of Women; China fails to secure a seat

By Administrator_India Capital Sands India has been elected as a member of the United Nation’s Commission on Status of Women, a body of the Economic and Social Council, said TS Tirumurti, permanent representative of India to the United Nations on September 15. “Election to the ECOSOC body is an endorsement of India’s commitment to promoting […]

TikTok meets September 15 deadline as Oracle beats Microsoft to be the new owner TikTok meets September 15 deadline as Oracle beats Microsoft to be the new owner

By Administrator_India Capital Sands ByteDance has managed to meet the September 15 deadline to sell TikTok’s US operations. The company has chosen Oracle instead of Microsoft. Tiktok will have a new buyer in Oracle,  as September 15 deadline to complete the sale looms large. Earlier Satya Nadella-led Microsoft was seen as leading the race to […]