Friday, October 7

Month: December 2021

How Indians invested in crypto in 2021?
Business

How Indians invested in crypto in 2021?

The year 2021 will be remembered as the time when the crypto market came of age. From being a retail investor-heavy segment, the industry saw widespread adoption from major corporates such as Tesla, PayPal and MicroStrategy. As per experts, meme coins, central bank digital currency, metaverse, and non-fungible tokens (NFTs) were the four major trends of 2021. Hitesh Malviya, founder, itsblockchain.com, a blockchain and cryptocurrency publication believes, 2021 will be remembered as a year of mainstream cryptocurrency adoption. “In this year, India added more than 90% of its current retail investor size. Meme coins dominated the first half of the year when dogecoin pulled off a massive price rally. Shiba Inu and some other meme coins also followed the lead of dogecoin in the latter ha...
New York Sees Increase In Children Hospitalisation As Omicron Cases Rise
Coronavirus News

New York Sees Increase In Children Hospitalisation As Omicron Cases Rise

With Omicron cases on the rise, New York health officials have reported an increase in hospitalized children, as the White House promised Sunday to quickly resolve the United States’ Covid-19 test shortage. The New York State Department of Health warned “of an upward trend in pediatric hospitalizations associated with Covid-19,” in a statement Friday. In New York City, it “identified four-fold increases in Covid-19 hospital admissions for children 18 and under beginning the week of December 5 through the current week,” it said. Approximately half of the admissions are younger than five, an age group that is vaccine ineligible, the department added. The number of Covid-19 cases in the United States is on the rise, with an average of nearly 190,000 new infections daily over the p...
New York Sees Increase In Children Hospitalisation As Omicron Cases Rise
Coronavirus News

New York Sees Increase In Children Hospitalisation As Omicron Cases Rise

With Omicron cases on the rise, New York health officials have reported an increase in hospitalized children, as the White House promised Sunday to quickly resolve the United States' Covid-19 test shortage. The New York State Department of Health warned "of an upward trend in pediatric hospitalizations associated with Covid-19," in a statement Friday. In New York City, it "identified four-fold increases in Covid-19 hospital admissions for children 18 and under beginning the week of December 5 through the current week," it said. Approximately half of the admissions are younger than five, an age group that is vaccine ineligible, the department added. The number of Covid-19 cases in the United States is on the rise, with an average of nearly 190,000 new infections daily over the p...
Zomato-backed Blinkit sets up 300 partner stores to enable 10-minute grocery delivery
Business

Zomato-backed Blinkit sets up 300 partner stores to enable 10-minute grocery delivery

By Administrator_India Capital Sands Online grocery delivery firm Blinkit, previously Grofers, has set up 300 partner stores across the country through which it is enabling grocery delivery in 10 minutes, founder and CEO Albinder Dhindsa said in a blog on December 23. The announcement comes soon after the company decided to pull the plugs in areas it wasn't able to deliver groceries in 10 minutes. The company has been at the receiving end of a social media backlash for many times not being able to deliver in the promised 10 minutes. Customers have alleged that their orders were shown as delivered even though they didn't get any delivery in the stipulated time. "About a month ago, we were serving users across 12 cities through 200 partner stores in 10 minutes or less. Back then...
Tata Motors incorporates EV subsidiary Tata Passenger Electric Mobility
Business

Tata Motors incorporates EV subsidiary Tata Passenger Electric Mobility

By Administrator_India Capital Sands Auto major Tata Motors on Wednesday informed that the company has incorporated a wholly owned subsidiary, Tata Passenger Electric Mobility Limited, which will be involved in manufacturing of electric motor vehicles. The Ministry of Corporate Affairs has issued the certificate of incorporation for the same on December 21, 2021. The subsidiary has been incorporated to manufacture, design, develop all kinds of services related to electric vehicles (EV)/electric mobility, hybrid electric vehicles of all kinds and all descriptions for carrying passengers or other personnel. Tata Motors, which will be the promotor of Tata Passenger Electric Mobility (TPEML), would hold 100% share capital in the EV unit. TPEML has been incorporated with the ...
IPO pipeline expected to swell by over Rs 2 trillion in 2022: Report
IPOs, Share Market

IPO pipeline expected to swell by over Rs 2 trillion in 2022: Report

By Administrator_India Capital Sands  After the record-breaking IPO rally with as many as 65 issuers collecting a whopping Rs 1.35 trillion so far this year, the market frenzy is set to continue next year with new issues worth over Rs 2 trillion ($26 billion) in the pipeline, The year 2021 has seen the highest-ever IPO volumes in the country with the volumes surging to $15.3 billion, as against $4.2 billion in 2020. That means the Street saw more IPOs in 2021 than in the year past three years combined, both in the number of listings and amount raised, Kotak Mahindra Capital Company told reporters on Tuesday. And, the IPO frenzy is set to continue next year with $26 billion worth of issues being in the pipeline, the brokerage said. It added that the new issues will be dominated by re...
Amazon’s CCI setback is partly of its own making
Business

Amazon’s CCI setback is partly of its own making

By Administrator_India Capital Sands  Last week’s decision by the Competition Commission of India (CCI) to hold in abeyance its approval of Amazon’s 2019 deal with Future Group and slap it with fines of over ₹200 crore appears to have deprived the American company of a locus standi in its legal battle to stop Future from selling its retail assets to Reliance Retail. Amazon’s case rested on its pact with Future, by which it claimed a right to a small slice of its retail business that would be violated if Reliance took it over. The principle of contract sanctity had seen a Singapore arbitration panel uphold its claim, with India’s Supreme Court doing likewise. With that agreement’s clearance now in limbo, however, Amazon’s argument has weakened considerably, though this need not mean Fut...
Retail sales up 9% in November compared to pre-covid levels
Industry

Retail sales up 9% in November compared to pre-covid levels

By Administrator_India Capital Sands  New Delhi: Retail sales grew 9% in November compared to pre-covid (November 2019), but dropped sequentially, according to a pan-India Retail Business Survey by the Retailers Association of India (RAI). Recovery was led by the consumer durables and electronics segment followed by sports goods and footwear, according to findings of the survey released Monday. However, the industry body that represents small and large retailers pan-India across categories such as food, apparel, quick service restaurants etc flagged worries around the Omicron variant and an impending third wave. To be sure, retail sales were high in October as the month was packed with pre-festive buying. Diwali, for instance, fell on 04 November this year, post which demand typi...
Delhi govt to deregister all diesel vehicles that complete 10 yrs on Jan 1
Current Affairs

Delhi govt to deregister all diesel vehicles that complete 10 yrs on Jan 1

By Administrator_India Capital Sands  Delhi government will deregister all diesel vehicles which will complete 10 years on January 1, 2022, and issue no objection certificate so that they can be re-registered in other places In compliance with the National Green Tribunal's directions, the Delhi government will deregister all diesel vehicles which will complete 10 years on January 1, 2022, and issue no objection certificate (NOC) so that they can be re-registered in other places. However, no NOC will be issued for diesel vehicles, which have completed 15 years or more on the date of applying for it, according to an order issued earlier this week by the Delhi transport department. The National Green Tribunal (NGT) has issued directions relating to restrictions on registration and pl...
Govt may not take up cryptocurrency Bill in ongoing Parliament session
cryptocurrency, Political News

Govt may not take up cryptocurrency Bill in ongoing Parliament session

By Administrator_India Capital Sands The government had listed the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 for tabling and passage in this session A Union Cabinet meeting on Wednesday did not discuss a Bill regulating cryptocurrencies, which means that Parliament’s Winter Session ending on December 23 is unlikely to take up the legislation. The government had listed the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 for tabling and passage in this session. While the written listing had said that the Bill would prohibit all private cryptocurrencies in India, it was later clarified that the descriptor had been carried over from the listing of the Budget Session of Parliament. The Bill had not been introduced then and was not listed ...