By Administrator_India, Capital Sands British mortgage approvals hit their highest level in nearly two-and-a-half years in December, according to Bank of England data on Friday that added to signs of an economic pick-up since last month’s election. The number of mortgages approved for house purchase rose to 67,241 in December – higher than the consensus […]
Continue Reading
By Administrator_India Capital Sands State-run Indian Oil Corp Ltd, the country’s top refiner, reported a three-fold rise in December-quarter profit on Thursday mainly due to inventory gains. During Oct.-Dec. 2019, the company registered inventory gains of 16.08 billion rupees, against a loss of 66.55 billion rupees a year earlier. Brent crude price rose 8.6% during […]
Continue Reading
By Administrator_India, Capital Sands The boss of Jaguar Land Rover (JLR) (NS:TAMO) will step down from his role at the end of his contract term in September as Britain’s biggest carmaker shows signs of improvement after a torrid 2019 of job cuts, deep losses and falling sales. Ralf Speth has led the company since 2010 […]
Continue Reading
By Administrator_India, Capital Sands Authorities are assessing how seriously to punish the operators of coal-fired plants around New Delhi that missed a year-end deadline to fit equipment to curb harmful emissions, a senior official at the federal pollution regulator said on Wednesday. Under a planned phase-in of higher standards, some plants were given until the […]
Continue Reading
By Administrator_India, Capital Sands Global automotive production may have peaked, auto supplier Robert Bosch said on Wednesday, announcing job cuts and a review of its business to cope with a 44% drop in full-year operating profit and a downturn in demand for cars. Global automotive production is expected to fall for the third consecutive year, […]
Continue Reading
By Administrator_Inida Capital Sands US President Donald Trump is likely to visit India between February 24 and 26, The Times of India has reported. The report adds that India and the US are likely to sign the much-awaited trade deal, set to be finalised soon, during this Trump visit. Negotiations for this deal have been going on […]
Continue Reading
By Administrator_India, Capital Sands All assets owned by late industrialist KK Modi, including cigarette-maker Godfrey Phillips, are up for sale, his son Lalit Modi confirmed on January 27. Godfrey Phillips India, which manufactures Marlboro cigarettes in India, currently has two major stakeholders – Phillip Morris (which owns 25.1 percent) and the KK Modi Group . Krishan […]
Continue Reading
By Administrator_India Capital Sands The European Union will “never, never, never” compromise on the integrity of its single market, its chief Brexit negotiator warned Britain on Monday, saying London must now face reality after underestimating the costs of leaving. Some British politicians have suggested Brussels might be flexible on its rules in order to protect […]
Continue Reading
By Administrator_India, Capital Sands German business morale deteriorated unexpectedly in January as the outlook darkened, a survey showed on Monday, suggesting that Europe’s largest economy got off to a slow start in 2020 after narrowly avoiding a recession last year. The Ifo institute said its business climate index fell to 95.9 from 96.3 in December. […]
Continue Reading
By Administrator_India Capital Sands Oil prices slumped a further 2% to multi-month lows on Monday as the rising number of cases of the new China virus and city lockdowns deepened concerns about demand for crude, even as Saudi Arabia’s energy minister sought to calm the market. Brent crude fell by $1.12 a barrel, or 1.9%, […]
Continue Reading
