Year: 2021

Apple puts India iPhone maker Foxconn on probation for labour violations
Business

Apple puts India iPhone maker Foxconn on probation for labour violations

Apple Inc. put Foxconn Technology Group’s factory in southern India on probation following worker protests and an investigation that revealed substandard living conditions. Foxconn, which uses the facility to assemble iPhones among other gadgets, apologized for the lapses in health standards and pledged to revamp its management and operations in the country. The factory, located in Sriperumbudur on […]

Read More
Asian shares rise, yen falls as traders shrug off Omicron fears
Stock Market

Asian shares rise, yen falls as traders shrug off Omicron fears

By Administrator_India Capital Sands Asian shares gained on Tuesday, cruising in the slipstream of another record-setting day on Wall Street amid strong retail figures, while the safe-haven yen lost ground as traders stayed in riskier currencies and asset classes like equities. A variety of asset classes from oil to Japan’s Nikkei Stock Average are now trading at […]

Read More
RBL Bank shares slump today. What brokerages say on the stock?
Stock Market

BL Bank shares slump today. What brokerages say on the stock?

Shares of bank plunged as much as 23%, hitting a day’s low of ₹133 apiece on the BSE in Monday’s early deals after a slew of concerning developments over the weekend. RBL Bank’s Vishawvir Ahuja has stepped down as MD & CEO, and the bank has appointed Rajeev Ahuja as as the interim Managing Director and Chief Executive […]

Read More
Ola's dream of world's biggest e-scooter factory hits hurdle
Business

Ola’s dream of world’s biggest e-scooter factory hits hurdle

By Administrator_IndiaCapital Sands Ola Electric Mobility Pvt., the Indian startup that’s pledged to build the world’s biggest electric scooter factory, doled out a handful of brightly-hued bikes earlier this month, complete with drummers and a saxophonist to mark the occasion. Founder Bhavish Aggarwal came to thank some 100 customers who brought along family and friends. […]

Read More
Omicron spread: Curbs return to keep year-end celebrations muted again
Coronavirus News

Omicron spread: Curbs return to keep year-end celebrations muted again

By Administrator_IndiaCapital Sands A day after the Centre asked states to activate war rooms to tackle the rising Omicron threat, state governments stepped up their guards with fresh curbs on religious and social gatherings. They also limited capacity in restaurants and bars, and ordered strict vigil on the ground. Delhi with 57 detected Omicron cases — which according to […]

Read More
Omicron variant three times more transmissible: Centre warns states
Omicron variant

Omicron variant three times more transmissible: Centre warns states

By Administrator_IndiaCapital Sands The Centre has told states that the Omicron variant of coronavirus, based on current scientific evidence, is at least three times more transmissible than the Delta strain, asking them to ensure prompt and focused action if there is any sign of a surge. The Union health ministry has noted said that 200 cases of Omicron have been detected […]

Read More
Zepto races to $570 mn valuation, says median delivery time is 8:24 min
companies

Zepto races to $570 mn valuation, says median delivery time is 8:24 min

By Administrator_IndiaCapital Sands Quick commerce platform Zepto, which was launched five months back by two teenage Stanford dropouts, has raised $100 million in its Series C round at a valuation of $570 million. The company said that its last funding round of $60 million was 45 days back and its valuation has doubled since then. […]

Read More
Equities & oil prices sink as Omicron makes waves
Commodiity

Equities & oil prices sink as Omicron makes waves

By Administrator_IndiaCapital Sands Asian share markets fell and oil prices slid on Monday as surging Omicron COVID-19 cases triggered tighter curbs in Europe and threatened to swamp the global economy into the New Year. Beijing lightened the mood a little by cutting one-year loan rates for the frost time in 20 months, though some had […]

Read More
Private sector invests Rs 15,164 cr in roads till November this fiscal
Economy News

Private sector invests Rs 15,164 cr in roads till November this fiscal

By Administrator_IndiaCapital Sands Road Transport and Highways Minister Nitin Gadkari said private sector investment in road construction in 2020-21 and 2019-20 was Rs 12,475.53 crore and Rs 21,925.98 crore, respectively Private sector investment in road construction till November this financial year stood at Rs 15,164.25 crore, Parliament was informed on Thursday. In a written reply to […]

Read More
Asian stocks rise with bond yields as Fed outcome boosts risk sentiment
Economic news

Asian stocks rise with bond yields as Fed outcome boosts risk sentiment

By Administrator_IndiaCapital Sands Asian stocks followed Wall Street higher on Thursday after the U.S. Federal Reserve said it would end bond-buying stimulus in March to set up three interest rate increases next year to tackle heated inflation. Bond yields rose while the dollar stabilized after slumping overnight as havens fell out of favour. Gold gained […]

Read More