Ola’s dream of world’s biggest e-scooter factory hits hurdle

By Administrator_India Capital Sands Ola Electric Mobility Pvt., the Indian startup that’s pledged to build the world’s biggest electric scooter factory, doled out a handful of brightly-hued bikes earlier this month, complete with drummers and a saxophonist to mark the occasion. Founder Bhavish Aggarwal came to thank some

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Omicron spread: Curbs return to keep year-end celebrations muted again

By Administrator_India Capital Sands A day after the Centre asked states to activate war rooms to tackle the rising Omicron threat, state governments stepped up their guards with fresh curbs on religious and social gatherings. They also limited capacity in restaurants and bars, and ordered strict vigil on the ground.

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Omicron variant three times more transmissible: Centre warns states

By Administrator_India Capital Sands The Centre has told states that the Omicron variant of coronavirus, based on current scientific evidence, is at least three times more transmissible than the Delta strain, asking them to ensure prompt and focused action if there is any sign of a surge. The Union health ministry has

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Zepto races to $570 mn valuation, says median delivery time is 8:24 min

By Administrator_India Capital Sands Quick commerce platform Zepto, which was launched five months back by two teenage Stanford dropouts, has raised $100 million in its Series C round at a valuation of $570 million. The company said that its last funding round of $60 million was 45 days

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Equities & oil prices sink as Omicron makes waves

By Administrator_India Capital Sands Asian share markets fell and oil prices slid on Monday as surging Omicron COVID-19 cases triggered tighter curbs in Europe and threatened to swamp the global economy into the New Year. Beijing lightened the mood a little by cutting one-year loan rates for the

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Private sector invests Rs 15,164 cr in roads till November this fiscal

By Administrator_India Capital Sands Road Transport and Highways Minister Nitin Gadkari said private sector investment in road construction in 2020-21 and 2019-20 was Rs 12,475.53 crore and Rs 21,925.98 crore, respectively Private sector investment in road construction till November this financial year stood at Rs 15,164.25 crore, Parliament was

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Asian stocks rise with bond yields as Fed outcome boosts risk sentiment

By Administrator_India Capital Sands  Asian stocks followed Wall Street higher on Thursday after the U.S. Federal Reserve said it would end bond-buying stimulus in March to set up three interest rate increases next year to tackle heated inflation. Bond yields rose while the dollar stabilized after slumping overnight

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Facebook Changes Its Name To ‘Meta’ In Rebranding Exercise

By Administrator_ India Capital Sands Facebook changed its parent company name to “Meta” on Thursday as the tech giant tries to move past being a scandal-plagued social network to its virtual reality vision for the future. The new handle comes as the company battles to fend off one

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India successfully test fires Agni- 5, its surface to surface ballistic missile

By Administrator_ India Capital Sands India on October 27 successfully test-fired its surface to surface ballistic missile Agni -5 from the APJ Abdul Kalam Island, Odisha. The missile, which uses a three-stage solid-fuelled engine, is capable of striking targets at ranges up to 5,000 kilometers with a very

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Petrol, diesel prices: Fuel prices rise to fresh highs across country

By Administrator_ India Capital Sands After two days of pause, petrol prices increased by 31 to 35 paise per litre while diesel prices surged by 33 to 37 paise per litre across the country on October 27, according to a price notification of state-owned fuel retailers. The latest

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