March 6, 2021

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‘Metro Man’ E Sreedharan, 88, is BJP’s CM candidate in Kerala

‘Metro Man’ E Sreedharan, 88, is BJP’s CM candidate in Kerala

By Administrator_ India Capital Sands E Sreedharan, popularly known as the ‘Metro Man’, would be Bharatiya Janata Party’s (BJP) chief minister candidate for the upcoming Kerala Assembly elections. BJP state president K Surendran announced the decision on March 4. A list of the candidates would be announced soon, he said. Sreedharan, the 88-year-old engineer behind India's expansive and ambitious metro rail project in Delhi, joined the BJP last week. Sreedharan who retired as chief of Delhi Metro on December 31, ...
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Indian Oil proposes sale of hydrogen facilities instead of oil, gas pipelines

Indian Oil proposes sale of hydrogen facilities instead of oil, gas pipelines

By Administrator_ India Capital Sands Indian Oil Corporation is not very keen on selling a stake in its pipelines and has instead proposed to sell some of its hydrogen-producing facilities. Indian Oil plans to hive off some of its hydrogen-producing units and sulfur recovery facilities at its refineries to a separate entity and sell stakes in it to one or more private companies, Economic Times reported, citing sources. Indian Oil, the largest oil refiner and fuel marketer in the country, ...
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PhonePe & Paytm lock horns: Both claim market leadership

PhonePe & Paytm lock horns: Both claim market leadership

By Administrator_India Capital Sands Walmart-owned PhonePe and SoftBank-backed Paytm have both claimed market leadership in February 2021 in India’s intensely competitive digital payments space. While Paytm claimed on March 1 that it has crossed 1.2 billion monthly transactions across payments methods such as Wallet, UPI, cards, and internet banking, PhonePe staked its claim for digital payments market leadership on March 2, with over 1.07 billion transactions across UPI, Cards, and Wallets. While Paytm said this growth came on the back ...
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Flipkart makes key changes in leadership team ahead of the IPO plan

Flipkart makes key changes in leadership team ahead of the IPO plan

By Administrator_India Capital Sands Flipkart has made key changes to its leadership team as the Walmart-owned e-commerce giant readies for a proposed initial public offering (IPO) by next year. As the firm focuses on building and growing its business further, it has made a few leadership role changes in Flipkart Supply Chain, CDO (category design operations) and M3 (marketing, merchandising, and monetization), and Fintech and Payment Group organizations. Amitesh Jha will be taking up a new role in the CDO and M3 organization ...
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Asian Stocks Up, Calm Returns After Previous Week’s Government Debt Slide

Asian Stocks Up, Calm Returns After Previous Week’s Government Debt Slide

By Administrator_India Capital Sands Asia Pacific stocks were mostly up Monday morning, as a measured of calm returned after the turmoil sparked by a slide in government debt during the previous week. Investors also digested economic data from China, Japan, and Korea. China’s Shanghai Composite was up 0.39% by 10:05 PM ET (3:05 AM GMT) and the Shenzhen Component rose 1.84%. February’s manufacturing purchasing managers’ index (PMI) released on Sunday was 50.6, below the 51.1 in forecasts prepared by Investing.com and down from January’s ...
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Online trading platforms market 24x365 and binary opinion

Online trading platforms market 24×365 and binary opinion

Online trading platforms market 24x365 and binary opinion: How do you know if you've picked the absolute best of the lot? When it comes to picking a platform to trade, it’s always simpler when you have a checklist on how to pick the right broker! This guide does just that, walking you through everything one should keep in mind. Best trading platform for CFD is Market 24x365 (MT24x365) & Binary Opinion Some investors are willing to pay higher trade commissions ...
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From BSE to Tokyo Stock Exchange, here’s a history of trading outages

By Administrator_India Capital Sands Trading stoppages are a common occurrence not just in India, but globally as well. Often the causes are software glitches, hardware failures, and internet connectivity problems. We look at some of the important instances. July 3, 2014: BSE halts trading for three hours due to network outage July 4, 2017: A Nasdaq glitch shows prices of major tech stocks, including Alphabet as $123 per share—86 percent below the actual value July 11, 2017: Trading halted on NSE for ...
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Bitcoin tumbles 17% as doubts grow over starry valuations

Bitcoin tumbles 17% as doubts grow over starry valuations

By Administrator_India Capital Sands Bitcoin tumbled 17% on Tuesday, sparking a sell-off across cryptocurrency markets as investors grew nervous at sky-high valuations and leveraged players took profit. The world's biggest cryptocurrency suffered its biggest daily drop in a month, falling as low as $45,000. Bitcoin was last down 11.3% at 0939 GMT. The drop extended a slump of nearly a fifth from a record high of $58,354 hit on Sunday - though bitcoin remains up around 60% for the year. "The kinds of rallies we've been seeing aren't sustainable ...
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Oil Surges as Investors Bet Commodity Demand to Take Off

Oil Surges as Investors Bet Commodity Demand to Take Off

By Administrator _India Capital Sands Oil surged as traders and investment banks see global supplies rapidly tightening in response to a vaccination-led recovery this summer. Futures in London jumped 3.7% on Monday, its largest daily gain since early January, as a range of bullish calls and upward revisions to price forecasts, boosted optimism over oil demand. Goldman Sachs Group Inc (NYSE: GS). sees Brent reaching $75 a barrel as consumption continues to recover faster than the supply from OPEC+ and shale ...
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Britain plans to unveil new visa scheme for financial technology workers

Britain plans to unveil new visa scheme for financial technology workers

By Administrator_ India Capital Sands UK Chancellor Rishi Sunak plans to introduce new visas for financial technology workers in next month’s budget, part of a package of proposals in a report aimed at boosting the industry in the country, according to newspapers. The fast-track visa program is designed to lure global talent to Britain’s fintech companies and will mirror a similar policy for scientists, the Telegraph reported. It’s one of five pillars contained in a Treasury-commissioned report by former Worldpay Chief Executive Officer ...
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