Business

BharatPe to raise $350 million for $2 billion valuation, on path for ‘unicorn’ status
Business

BharatPe to raise $350 million for $2 billion valuation, on path for ‘unicorn’ status

By Administrator_India Capital Sands Tiger Global Management is looking to lead a $350 million round investment in BharatPe for a valuation of over $2 billion, which would make the fintech startup India’s latest unicorn. Tiger Global itself will invest $100 million with participation from exiting investors such as Amplo, Beenext, Insight Partners, Sequoia Capital and […]

Read More
Business

Gold prices up to Rs. 96 to Rs. 48,222/10 gm on safe-haven; Silver corrects Rs. 810 a kg

By Administrator_ India Capital Sands Gold prices jumped by Rs 96 to Rs 48,222 per 10 gram in the Mumbai retail market on positive global cues and renewed risk aversion in global financial markets, however, the upside was capped by a sharp gain in the rupee. The surging cases of Delta variant of coronavirus and […]

Read More
Business

Fed to shutter pandemic support asset purchases by end-2022

By Administrator_ India Capital Sands The Federal Reserve will shutter its asset purchases program by the end-2022, according to a Reuters poll, with a few more economists now predicting a rate hike as early as next year, but they pegged new COVID-19 variants as the biggest economic risk. However, Fed chair Jerome Powell said on […]

Read More
Business

Gold prices modestly lower on sharp appreciation in rupee

By Administrator_ India Capital Sands Gold prices fell marginally by Rs 128 to Rs 47,459 per 10 gram at the Mumbai retail market on a sharp recovery in rupee and increased appetite for risky assets. The precious metal marginally rose in the global market on the decline in US dollar and Treasury yields. The rate […]

Read More
Business

Petrol inches closer to Rs 100 in Delhi, Kolkata, check rates in your city

By Administrator_ India Capital Sands Petrol prices saw a rise in prices again by 31 to 39 paise again on July 5, taking it to a historic high. However, the diesel rates remain unchanged. In the last two months, petrol prices increased by 34 times and diesel prices saw a surge in prices 33 times.  […]

Read More
Business

Sensex jumps over 100 points in early trade; Nifty tops 15,800

By Administrator_ India Capital Sands Equity benchmark Sensex jumped over 100 points in early trade on Wednesday, tracking gains in index-heavyweights Infosys, HUL, and Maruti, amid a positive trend in global equities. The 30-share BSE index was trading 145.45 points or 0.28 percent higher at 52,734.16 in initial deals. Similarly, the broader NSE Nifty advanced […]

Read More
Business

Bharti Airtel, TCS To Jointly Build 5G Networks In India

By Administrator_ India Capital Sands Bharti Airtel and Tata Group have entered into a strategic partnership for implementing 5G network solutions for India. “Airtel will pilot and deploy this indigenous solution as part of its 5G rollout plans in India and start the pilot in January 2022, as per the guidelines formulated by the Government […]

Read More
Business

Adani Green buys SB Energy from Softbank and Bharti; firm valued at $3.5 bn

By Administrator_ India Capital Sands Adani Green Energy Ltd. said on Wednesday it is acquiring SB Energy India from Softbank of Japan and India’s Bharti Group to add 4,954 MW in its renewable power portfolio. The deal is the biggest acquisition in India’s renewable power sector. The transaction values SB Energy India at an enterprise valuation of […]

Read More
DBS private bank offers wealth succession planning
Business

DBS private bank offers wealth succession planning

By Administrator_ India Capital Sands DBS Group its private banking arm has started offering trust services for cryptocurrencies, helping rich clients include the emerging asset class in their succession plans. This is the latest move into cryptocurrencies by Southeast Asia’s largest bank, which late last year launched a crypto exchange for institutional and other accredited […]

Read More
Petrol, Diesel prices remain steady, govt tax collection on fuel swells by 459% in 7 years
Business

Petrol, Diesel prices remain steady, govt tax collection on fuel swells by 459% in 7 years

By Admnistrator_ India Capital Sands Retail fuel prices across the country remained steady on March 9, 2021, after prices of petrol and diesel touched new highs on February 27, 2021. The prices of petrol and diesel in New Delhi remained unchanged at Rs 91.17 per litre and Rs 81.47 per litre, respectively, according to the Indian Oil […]

Read More