Category «Business»

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

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

By Administrator_India Capital Sands India’s most valuable startup, the online education provider Byju’s, is in talks to raise between $400 million to $600 million and then accelerate plans for an initial public offering next year, according to people familiar with the matter. The Bangalore-headquartered company could close the pre-IPO fundraising in a few weeks at a …

Air fares between India and UAE remain high as strong demand continues

India brings back close to 400 people from Afghanistan in three flights

By Administrator_India Capital Sands With the United Arab Emirates lifting a ban on transit flights from India soon after opening its borders to Indian customers, prices of flight tickets between the two countries have risen by about 70 percent and even tripled on some routes. Starting fares for one-way flights to Dubai from New Delhi, …

Users under 18 years will soon be able to seek removal of pictures from image search result

Users under 18 years will soon be able to seek removal of pictures from image search result

By Administrator_India Capital Sands Tech giant Google on Wednesday said it will introduce a new policy in the coming weeks that will enable those under 18 years or their parents to request for removal of their images from Google Image search results. Among a number of new measures, Google will also ensure that Location History …

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 …

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 …

Flipkart employees to return to office for three days a week starting December 2021

Flipkart employees to return to office for three days a week starting December 2021

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 at an employee townhall on July 13th, 2021, hours after the e-commerce major raised a …

Facebook hits $1 trillion value after judge rejects antitrust complaints

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

By Administrator_India Capital Sands A U.S. judge on Monday dismissed federal and state antitrust complaints against Facebook Inc that sought to force the social media company to sell Instagram and WhatsApp, saying the federal complaint was “legally insufficient.” Facebook shares rose more than 4% after the ruling. The share price rise put Facebook’s market capitalization …