Monthly archives: July, 2021

25% more sellers became crorepati compared to last year during Prime Day sales: Amazon

25% more sellers became crorepati compared to last year during Prime Day sales: Amazon

By Administrator_India Capital Sands E-commerce firm Amazon on July 29 said there was a 25 percent rise in sellers who reported gross sales exceeding Rs 1 crore during the two-day Prime Day event as compared to the like period of the previous year. Brands such as OnePlus Nord 2 5G, Samsung Galaxy (M31s) boAt Airdopes, …

Tata Motors plans to hike passenger vehicle prices from next week

Tata Motors plans to hike passenger vehicle prices from next week

By Administrator_India Capital Sands Tata Motors is looking to increase prices of its entire range of passenger vehicles from next week as it aims to offset the steep rise in procurement cost of essential materials like steel and precious metals, as per a top company official. The Mumbai-based auto major sells a range of passenger vehicles …

Oil Rebounds After Industry Report Shows Shrinking U.S. Supplies

Oil prices advance amid U.S. supply tightness signals

By Administrator_India Capital Sands Oil rebounded in post-market trading after an industry report showed declining U.S. inventories. Futures in New York edged up after closing 0.4% lower on Tuesday. Domestic crude supplies fell 4.73 million barrels last week, according to people familiar with data from the industry-funded American Petroleum Institute. Gasoline stockpiles declined 6.23 million …

Bitcoin leaps 12% to test recent peaks, ether hits 3-week high

Bitcoin leaps 12% to test recent peaks, ether hits 3-week high

By Administrator_India Capital Sands Cryptocurrencies popped to the top of recent ranges on Monday as short sellers bailed out in the wake of a strong week and while traders hoped a handful of positive comments from influential investors might signal a turnaround in fragile sentiment. Bitcoin rose as far as 12.5% to hit $39,850, its highest …

Oil Down, But Remains Above $70 Mark as Tight Market Hopes Prevail

Oil Up, Fuel Demand Outlook Clears Over Full Vaccine Approval

By Administrator_India Capital Sands Oil was down Friday morning in Asia, but held onto the bulk of a three-day advance, as optimism that rising demand will tighten the global market prevailed. Brent oil futures were down 0.37% to $73.52 by 11:24 PM ET (3:24 AM GMT). WTI futures fell 0.38% to $71.64 and was 0.3% lower in early Asian …

Byju’s acquires US-based digital reading platform Epic for $500 mn

Byju's in talks to raise up to $600 million ahead of IPO next year

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 to the more than two million teachers and 50 million kids in Epic’s existing global …

Wall Street closes higher, Treasury yields rebound despite COVID variant fears

Nifty Seen Opening Below 17,550; Mphasis, Torrent Power In Focus

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 COVID-19. Wall Street’s main indexes all rose by more than 1.5%, with the Dow ahead …

Air traffic grows 47% in June as Delhi, Maharashtra ease Covid-19 curbs

US-India flights to take longer after Afghanistan's airspace shuts

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 highest load factor of 70%. Air India retained the number two rank in market share for …

MARKETS: Sensex down 350 pts, Nifty tests 15,800; IT stocks gain, banks dip

Nifty Seen Opening Below 17,550; Mphasis, Torrent Power In Focus

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 at 52,781 levels while the Nifty50 started with a 100-pts cut at 15,823. In the …