Indian investment bankers are set for their best year ever, collecting almost 26 billion rupees ($347 million) in fees from local initial public offerings that have reached an all-time high in 2021. A little over 110 companies ranging from online grocers to food delivery and beauty startups listed their shares in Mumbai this year, raising almost $18 […]
With Omicron cases on the rise, New York health officials have reported an increase in hospitalized children, as the White House promised Sunday to quickly resolve the United States’ Covid-19 test shortage. The New York State Department of Health warned “of an upward trend in pediatric hospitalizations associated with Covid-19,” in a statement Friday. In […]
By Administrator_India Capital Sands Online grocery delivery firm Blinkit, previously Grofers, has set up 300 partner stores across the country through which it is enabling grocery delivery in 10 minutes, founder and CEO Albinder Dhindsa said in a blog on December 23. The announcement comes soon after the company decided to pull the plugs in areas it […]
By Administrator_India Capital Sands Auto major Tata Motors on Wednesday informed that the company has incorporated a wholly owned subsidiary, Tata Passenger Electric Mobility Limited, which will be involved in manufacturing of electric motor vehicles. The Ministry of Corporate Affairs has issued the certificate of incorporation for the same on December 21, 2021. The subsidiary has […]
By Administrator_India Capital Sands After the record-breaking IPO rally with as many as 65 issuers collecting a whopping Rs 1.35 trillion so far this year, the market frenzy is set to continue next year with new issues worth over Rs 2 trillion ($26 billion) in the pipeline, The year 2021 has seen the highest-ever IPO […]
By Administrator_India Capital Sands Last week’s decision by the Competition Commission of India (CCI) to hold in abeyance its approval of Amazon’s 2019 deal with Future Group and slap it with fines of over ₹200 crore appears to have deprived the American company of a locus standi in its legal battle to stop Future from selling […]
By Administrator_India Capital Sands New Delhi: Retail sales grew 9% in November compared to pre-covid (November 2019), but dropped sequentially, according to a pan-India Retail Business Survey by the Retailers Association of India (RAI). Recovery was led by the consumer durables and electronics segment followed by sports goods and footwear, according to findings of the […]
By Administrator_India Capital Sands Delhi government will deregister all diesel vehicles which will complete 10 years on January 1, 2022, and issue no objection certificate so that they can be re-registered in other places In compliance with the National Green Tribunal’s directions, the Delhi government will deregister all diesel vehicles which will complete 10 years on January […]
By Administrator_ India Capital Sands The IPO of FSN Ecommerce Ventures, operator of online beauty startup Nykaa, was subscribed 1.6 times on Thursday, the first day of the issue. The 26.5-million share offering has got bids for 41 million shares with the institutional investor category getting 1.4 times subscribed and the retail quota getting 3.5 […]
By Administrator_ India Capital Sands An expert panel on Tuesday voted overwhelmingly to recommend the U.S. Food and Drug Administration authorized the Pfizer Inc and BioNTech SE COVID-19 vaccine for children ages 5 to 11, saying the benefits of inoculation outweigh the risks. Authorization for that age group would be an important regulatory step toward […]
