General Atlantic-Reliance Retail deal: Private equity firm to invest Rs 3,675 crore for 0.84% in RIL unit

General Atlantic-Reliance Retail deal: Private equity firm to invest Rs 3,675 crore for 0.84% in RIL unit

By Administrator_India Capital Sands Private equity firm General Atlantic Partners will invest Rs 3,675 crore in Reliance Retail in exchange for a 0.84 percent stake, the third deal sealed by the Reliance Industries Ltd (RIL) unit in as many weeks.  The investment values Reliance Retail at a pre-money equity value of Rs 4.28 lakh crore, RIL […]

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Donald Trump's ban on TikTok temporarily blocked by federal judge

Donald Trump’s ban on TikTok temporarily blocked by federal judge

By Administrator_India Capital Sands US President Donald Trump’s ban on TikTok was temporarily blocked by a federal judge, dealing a blow to the government in its showdown with the popular Chinese-owned app that it says threatens national security. After an unusual Sunday morning hearing, US District Judge Carl Nichols granted a preliminary injunction against the ban on […]

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Harley Davidson to quit India, take $75 million in restructuring cost

Harley Davidson to quit India, take $75 million in restructuring cost

By Administrator_India Capital Sands Iconic US motorcycle manufacturer Harley-Davidson, Inc. (Harley) will discontinue its sales and manufacturing operations in India. The move is seen as part of its global restructuring initiative, under which it plans to exit international markets, where volumes and profitability have been elusive. Industry sources said that Harley is also exploring a […]

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PM Narendra Modi to chair meeting with CMs of 7 states, UTs to review COVID-19 response

PM Narendra Modi to chair meeting with CMs of 7 states, UTs to review COVID-19 response

By Administrator_India Capital Sands Prime Minister Narendra Modi is scheduled to chair a high-level virtual meeting with the Chief Ministers and Health Ministers of seven COVID-19 hit states and UTs at 5:00 PM on Wednesday (September 23) to review the status and preparedness of coronavirus COVID-19 response and management. These States/UTs are Maharashtra, Andhra Pradesh, […]

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Bill Gates calls India 'inspiring', makes big announcement about availability of COVID-19 vaccine

COVID-19 vaccines, if developed in India, need antibody response in at least 50% cases for approval

By Administrator_India Capital Sands According to the draft guidelines for the development of COVID-19 vaccines, a vaccine developed in India should prove that at least 50 percent of those administered with the vaccine are protected from the virus to get an approval. For vaccines that are being developed outside India, the authorisation will be provided […]

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Tata group to launch India's first low-cost Covid-19 test 'Feluda'

Tata group to launch India’s first low-cost Covid-19 test ‘Feluda’

By Administrator_India Capital Sands The Drugs Controller General of India has approved of the commercial launch of ‘Feluda’, the Tata CRISPR (Clustered Regularly Interspaced Short Palindromic Repeats) Covid-19 test, the Council of Scientific and Industrial Research (CSIR) said recently. This test uses an indigenously developed, cutting-edge CRISPR technology for detection of the genomic sequence of […]

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Covid-19: Banks get more capital relief as ECB wants stimulus to work

By Administrator_India Capital Sands The European Central Bank offered lenders a fourth round of regulatory relief to help massive stimulus efforts feed through to a virus-stricken economy. Banks will be temporarily allowed to tweak the math behind a financial strength metric known as the leverage ratio to their benefit by stripping out deposits held at central banks, the […]

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Dollar Rebounds From Lows as Fed Ups Growth Outlook, Signals Low Rates to Continue

Dollar Rebounds From Lows as Fed Ups Growth Outlook, Signals Low Rates to Continue

By Administrator_India Capital Sands The dollar rebounded from lows Wednesday, as the Federal Reserve forecast rates to remain on hold until at least 2023, but also upgraded its economic outlook, citing a faster recovery. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose by 0.17% to 93.24. […]

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