India on Wednesday confirmed its first death linked to the Omicron variant of Sars-CoV-2 after a deceased Udaipur resident’s sample showed presence of the virus. Meanwhile, cases continued to climb sharply across major cities – Mumbai’s fresh Covid cases breached the 15,000 mark, up almost 40 percent from Tuesday, while
By Administrator_India Capital Sands The government has proposed to significantly increase the authorised capital of Life Insurance Corporation of India (LIC) to Rs 25,000 crore to facilitate its listing slated for the next fiscal. Currently, the paid-up capital of the life insurance company with over 29 crore policies is Rs 100 crore.
By Administrator_India Capital Sands Domestic stock indices nursed losses for the third consecutive session on Thursday as a lacklustre trend in global equities and concerns over stretched valuations sparked a retreat from risky assets. Banking and finance stocks bore the brunt of heavy selling, with HDFC twins being the top
By Administrator_India Capital Sands Global stocks are in the midst of the longest run of gains since 2003 as optimism over the economic recovery sweeps across markets. This even as the Indian equity benchmarks — Sensex and Nifty — ended marginally lower on Tuesday as investors booked profits at higher levels amid
By Administrator_India Capital Sands InterGlobe Aviation, the parent of the country’s largest airline IndiGo, has settled with Sebi a case of alleged corporate governance lapses and listing norms violations that were raised by the company’s co-promoter Rakesh Gangwal. The company has settled the matter “without admitting or denying any violation on its
By Administrator_India Capital Sands The BSE Sensex, a gauge of the performance of India’s leading 30 stocks, hit the 50,000 milestone for the first time on Thursday, a remarkable feat considering the country’s gross domestic product (GDP) is set to post its biggest-ever contraction this financial year due to the