Category «Business»

Refund passengers who cancelled flights in last year’s lockdown, Govt tells airlines

Refund passengers who cancelled flights in last year's lockdown, Govt tells airlines

By Administrator_India Capital Sands New Delhi: The Ministry of Civil Aviation (MoCA) has expressed dissatisfaction over airline companies defaulting on refunds to passengers over flight tickets that were booked for travel during the lockdown last year but got cancelled. MoCA Secretary on Wednesday chaired a meeting with representatives of airlines in connection with refund of credit …

Adani Group becomes 3rd Indian conglomerate to cross $100 billion in m-cap

Adani Group becomes 3rd Indian conglomerate to cross $100 billion in m-cap

By Administrator_India Capital Sands Billionaire Gautam Adani’s ports-to-energy conglomerate has become India’s third group to cross USD 100 billion in market capitalisation with shares of four of its six listed companies soaring to an all-time high on Tuesday. The total market cap of Adani Group’s six listed companies at the close of trading on Tuesday …

Grofers to cover COVID-19 vaccination cost for employees, families, contractual staff

Grofers to cover COVID-19 vaccination cost for employees, families, contractual staff

By Administrator_India Capital Sands Online grocery platform Grofers on Tuesday said it will cover the cost of COVID-19 vaccination for its employees, their family members as well as the company”s contractual staff. The company aims to cover vaccination cost for 25,000 people across 38 cities, it added. Grofers will cover the vaccination cost for its …

Coal India approves 32 mining projects worth Rs 47,000 cr this fiscal

Coal India approves 32 mining projects worth Rs 47,000 cr this fiscal

By Administrator_India Capital Sands National miner, Coal India limited (CIL), said it has approved 32 new coal mining projects in the ongoing financial year with an estimated cost of Rs 47,000 crore. Of the 32, twenty-four are expansion of existing projects and the remaining eight are greenfield. The combined incremental peak capacity of these projects is projected at 193 …

Enforcement Directorate slaps money laundering case on Franklin MF

Enforcement Directorate slaps money laundering case on Franklin MF

By Administrator_India Capital Sands Franklin Templeton Mutual Fund (MF), which shut its six schemes in April 2020, is facing the heat from the Enforcement Directorate (ED) and the Securities and Exchange Board of India (Sebi). According to sources, while the ED has registered a money-laundering case against the fund house and eight others, the market regulator has issued …

Australia passes landmark law to make Google, Facebook pay for news

Australia passes landmark law to make Google, Facebook pay for news

By Administrator_India Capital Sands A man using a mobile phone walks past Google offices in New York, US. Australia’s laws forcing Google and Facebook to pay for news are ready to take effect, though the laws’ architect said it will take time for the digital giants to strike media deals. Australia’s laws forcing Google and …

Focused on investing in India for long run: Facebook

Focused on investing in India for long run: Facebook

By Administrator_India Capital Sands Facebook is committed to investing in India for the long term and continues to build tools for businesses to help them build and grow their online presence, a top company official said. Speaking to PTI, Facebook Chief Revenue Officer David Fischer said the company has made investments and undertaken some unique …

Facebook India revenue jumps 43%, total expenses at Rs 1,046 cr in FY20

Focused on investing in India for long run: Facebook

By Administrator_India Capital Sands Facebook India Online Services, which operates a social networking website, reported its revenues for the financial year 2019-20 at Rs 1,277 crore. This is a 43 per cent jump since the last financial year, show regulatory documents sourced from business intelligence platform Tofler. The company reported a net profit of Rs 136 …