By Administrator_India Capital Sands Byju’s, India’s most valuable start-up, has acquired US-based digital reading platform Epic for $500 million, strengthening its position in the education technology (edtech) sector. The acquisition will help Byju’s expand its US footprint by providing access…
By Administrator_India Capital Sands Wall Street notched a comeback on Tuesday with all the major indexes closing higher, and yields on safe-haven U.S. Treasuries bouncing off lows as investors sought riskier assets even as worries remained about a resurgence in…
By Administrator_India Capital Sands Domestic air traffic grew 47.6% in June over May as states such as Delhi and Maharashtra eased Covid-19 curbs. In May, the traffic had fallen 63%. Industry-wide passenger load factor rose to 62.9% in June from May’s 50.5%. SpiceJet had the…
By Administrator_India Capital Sands Dalal Street clocked a gap-down start on Monday as concerns about the impact of elevated inflation and Covid-19 outbreaks on economic prospects weighs on sentiment. The benchmark S&P BSE Sensex declined 360 points in early deals to trade…
By Administrator_India Capital Sands The tapering of the second Covid-19 wave, coupled with an aggressive vaccination push, has brightened the near-term prospects for the Indian economy, and real gross domestic product (GDP) growth is estimated at 22.1 per cent in…
By Administrator_India Capital Sands The dollar retreated from recent peaks on Thursday, following further reassurance from Federal Reserve chair Jerome Powell that he was in no rush to tighten policy, though losses were kept in check by investor nerves ahead…
By Administrator_India Capital Sands Walmart-owned Flipkart’s employees will return to office thrice a week starting December 2021, as it looks to vaccinate all of its employees and move to a hybrid working model. Flipkart CEO Kalyan Krishnamurthy made the announcement…
By Administrator_India Capital Sands India’s retail inflation eased marginally to 6.26 per cent in June from 6.30 per cent in the previous month owing to moderation in rural inflation, even as it remained above the upper range of the Reserve Bank of…
By Administrator_India Capital Sands The dollar was up on Monday morning in Asia. Risk currencies remained above their recent lows against both the U.S. currency and the yen as investor fears of a slowdown in the global economic recovery from…
By Administrator_India Capital Sands Oil was down Friday morning in Asia even as data released on Thursday said U.S. fuel inventories fell and demand surged as economic recovery drove consumption. Brent oil futures fell 0.32% to $73.88 by 10:10 PM ET (2:10 AM…