Global stocks were caught in the crosshairs of Russia-Ukraine tensions on Monday, with India’s benchmark indices falling more than 3 per cent as the threat of an imminent war prompted investors to flee risky assets. Brent crude prices rose past $96 a barrel, the highest level in more than seven years, stoking concerns that they will […]
India saw a single-day rise of 50,407 coronavirus infections, which took the tally of cases to 4,25,86,544, while the active cases have declined to 6,10,443, according to Union health ministry data updated on February 12. The death toll has climbed to 5,07,981 with 804 daily fatalities, the data updated at 8 am stated. The daily COVID-19 […]
The cumulative COVID-19 vaccine doses administered in the country crossed 171 crore on Wednesday, the Union Health Ministry said. More than 44 lakh (44,08,918) vaccine doses were administered till 7 pm on Wednesday. More than 1.60 crore (1,60,95,273) precaution doses have been administered so far to healthcare workers, frontline workers and those aged 60 and […]
Fintech unicorn Razorpay has acquired a majority stake in Curlec in a deal that values the Malaysian payments start-up at more than $19 million. Razorpay will full acquire the company later in 1.5 years. Kuala Lumpur-based Curlec builds solutions for recurring payments for businesses. This marks Razorpay’s fourth acquisition overall and its first in a foreign country. “We look forward […]
Jolts of an earthquake were felt in parts of Jammu and Kashmir and other areas of north India including Noida on Saturday morning. The exact magnitude of the quake is yet to be ascertained. “That was a very strong earthquake. 7.3 on the Richter Scale, 189 KM WSW of Islamabad, Pakistan as per National Center for Seismology,” tweeted Srinagar Mayor, Junaid […]
Shares of most tyre manufacturers were under pressure in the morning trade on February 3 after the Competition Commission of India (CCI) slapped a Rs 1,788-crore fine on these companies for cartelisation. The fair-trade body found that five companies and the Automotive Tyre Manufacturers Association had jointly increased prices of cross-ply variant of tyres sold by each […]
India’s manufacturing sector activities moderated in January as new orders and production expanded at a slower rate as the new wave of COVID-19 restricted growth and affected business confidence that slipped to a 19-month low, a monthly survey said on Tuesday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) was at 54.0 […]
A new coronavirus variant Deltacron has emerged in Cyprus which has a similar genetic background to the Delta variant, as well as some of the mutations from Omicron, and experts say that it is not something to be worried about at the moment, a media report said. In total, 10 of the mutations from Omicron were found […]
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 Delhi’s cases nearly doubled to […]
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. Starting with an initial capital […]
