Benchmark 10-year U.S. Treasury yields jumped to their highest level since 2011 on Monday as investors adjusted for the likelihood that the Federal Reserve will hike rates higher and for longer than previously expected as inflation remains near multi-decade highs. Data last week showed higher-than-expected consumer prices in August, dashing hopes that the worst of […]
On Friday, the coal ministry will host a high-level Investors’ Meeting to encourage private-sector investment. Coal Minister Pralhad Joshi will kick off the event, which will take place in Mumbai. “Joshi will hold a high-level Investors’ Meet in Mumbai on May 6, 2022, focusing on the topics of ‘Launching of closed/discontinued coal mines of Coal […]
Zepto, a rapid commerce startup founded by two 19-year-old Stanford dropouts nine months ago, has raised $200 million in a Series D funding round, valuing the company at about $900 million. Zepto intends to use the funds to expand 10-minute grocery delivery across the country and continue to grow responsibly. Y Combinator Continuity doubled in […]
Ajit Pawar, Maharashtra’s Deputy Chief Minister, stated on Friday that the state’s government has chosen to purchase coal from outside the nation to help alleviate the state’s current load shedding situation. He further stated that efforts were being made to get one coal mine in Chhattisgarh awarded to Maharashtra’s power department. Pawar told reporters that […]
Hyundai Motor India on Tuesday reported a 14 percent decline in total sales at 53,159 units in February. The company had sold 61,800 units in the same month last year, Hyundai Motor India said in a statement. Domestic sales were down 14.6 percent to 44,050 units last month as against 51,600 units in February 2021. […]
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 […]
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 Alphabet Inc’s Google said on Friday it was leading about 30 companies and trade groups in opposing a lawsuit that seeks to stop over 90,000 spouses of highly skilled US visa workers from having jobs in the country. The organizations contend undoing employment authorization for spouses would cause financial havoc […]
By Administrator_India Capital Sands Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry. Visa has launched the pilot program with payment and crypto platform Crypto.com and plans to […]
By Administrator_India Capital Sands The COVID-19 pandemic-hit 2020 was recorded as the worst year ever in the history of global aviation, with the overall demand (revenue passenger kilometres or RPKs) plunging by 65.9 percent, said a report released by the International Air Transport Association (IATA) on February 3. International passenger demand fell by 75.6 percent vis-a-vis 2019, whereas, […]
