Category: Business

AstraZeneca Pharma India gets DCGI nod to import

By Administrator_ India Capital Sands Drug firm AstraZeneca Pharma India said it has received import and market permission from the Indian drug regulator for Selumetinib capsules. The company has received the import and market permission in Form CT-20 from the Drugs Controller General of India for Selumetinib 10 mg & 25 mg capsules, AstraZeneca Pharma India said in a regulatory filing. The […]

Gold imports nearly double in August as prices dip ahead of festivals

By Administrator_ India Capital Sands India’s gold imports in August nearly doubled from a year earlier to the highest in five months on strong demand and as weaker prices prompted jewelers to ramp up purchases for the festive season, a government source said. Higher imports by the world’s second-biggest bullion consumer could support benchmark gold prices, which have corrected nearly 12% from an […]

Cryptocurrency Prices: Bitcoin over $49,000, Ether, Dogecoin plunge

By Administrator_ India Capital Sands Cryptocurrency prices continue to be in the red on August 23. The global cryptocurrency market cap is $2.13 trillion, a 1.37 percent increase over the last day, while the total crypto market volume over the last 24 hours is $93.71 billion, which makes a 13.09 percent decrease. The volume of all stable coins is now […]

IndiGo says will resume flights to UAE from August 20

By Administrator_ India Capital Sands InterGlobe Aviation Ltd-run IndiGo will resume flight services to the United Arab Emirates from 0130 am on August 20, the airline said in a press release on August 19, hours after it said that operations to UAE stood canceled till August 24. On the morning of August 19, the UAE government had banned IndiGo from operating […]

IndiGo to launch IATA Travel Pass for international travel

By Administrator_ India Capital Sands IndiGo has partnered with International Air Transport Association to launch a pilot project for IATA Travel Pass, which will enable passengers to create a ‘digital passport’ to verify their pre-travel test or vaccination status to meet the SOPs of the destination. The IATA Travel Pass will be a mobile app to help passengers easily and […]

PNB Q1 net profit rises over three-fold to Rs. 1,023 crore on higher recovery

By Administrator_ India Capital Sands State-owned Punjab National Bank on Monday reported over three-fold jump in its standalone net profit to Rs 1,023.46 crore for the first quarter ended June 30, mainly due to falling in operating expenses and good recovery. The bank had posted a net profit of Rs 308.45 crore in the same quarter last year. Sequentially, it was […]

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

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 Steadview Capital, among others, a […]

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 rising inflationary pressure gave safe-haven […]

Gold edges up on Delta virus threat, lower US bond yields

By Administrator_ India Capital Sands Gold prices edged higher on Monday, lifted by a retreat in U.S. Treasury yields and concerns that a surge in coronavirus cases could dampen global economic recovery, though an uptick in the dollar limited gains for the safe-haven metal. Spot gold was up 0.1% at $1,812.83 per ounce, as of 0243 GMT, after falling 1% […]

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 Wednesday withdrawing monetary policy support […]