By Administrator_ India Capital Sands Global rating agency Standard & Poor’s has downgraded Future Retail Ltd’s long-term rating issuer credit rating from “CCC-” to “SD”, amounting to default. The rating action follows a restructuring of onshore debt. India-based Future Retail has completed the one-time restructuring of its onshore debt (about Rs 10,200 crore) that includes extending the maturity of […]
By Administrator_India Capital Sands India Gold MCX June futures rose on Monday tracking positive trends seen in the international spot prices supported by a soft dollar ahead of the U.S. Federal Reserve policy meeting this week. On the Multi-Commodity Exchange (MCX), June gold contracts were trading higher by 0.11 percent at Rs 47,584 for 10 grams […]
By Administrator_India Capital Sands Gold prices held steady on Monday, buoyed by concerns over inflation after U.S. President Joe Biden announced a $2 trillion-plus jobs plan last week, while a stronger dollar and elevated U.S. Treasury yields limited bullion’s upside. Spot gold was flat at $1,728.60 per ounce, as of 0146 GMT. Gold futures edged […]
By Administrator_India Capital Sands PayPal Holdings will announce later on Tuesday that it has started allowing US consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally, a move that could significantly boost the use of digital assets in everyday commerce. Customers who hold bitcoin, ether, bitcoin cash, and litecoin in PayPal digital wallets will […]
By Administrator_India Capital Sands Reliance Industries Limited is going to cover the COVID-19 vaccination costs for its employees and their families. Prime Minister Narendra Modi launched the nationwide vaccination drive on January 16 with healthcare workers at the frontline of India’s COVID-19 battle getting their first jabs. The country has begun the second phase of […]
By Administrator_ India Capital Sands The country’s largest lender, the State Bank of India (SBI) has slashed the interest rate on Home Loans by 10 basis points under a limited period offer till the end Month. The revised rates will start with 6.70 percent and would be linked to the CIBIL credit score. The borrower with […]
By Administrator_ India Capital Sands Bitcoin’s incredible rally shows little sign of abating yet after the token jumped past $51,000 for the first time. The largest cryptocurrency rose almost 6% Wednesday to about $51,431 after a fivefold surge in the past year, according to a composite of prices compiled by Bloomberg. The Bloomberg Galaxy Crypto Index reached […]
By Administrator_ India Capital Sands Fintech company BharatPe has raised $108 million in a Series D equity round, at a valuation of $900 million. The financial services company for merchants raised $90 million in primary fundraising and also ensured secondary exit for its angel investors and employees for $18 million. The round was led by the company’s […]
By Administrator_ India Capital Sands Mastercard has partnered with some of the biggest cryptocurrency firms, including Wirex and BitPay Financial services firm Mastercard on Wednesday announced that it will begin allowing cardholders to transact in certain cryptocurrencies on its network, becoming the latest company to embrace digital assets. “We are preparing right now for the […]
By Administrator_ India Capital Sands Gold was down on Monday morning in Asia, giving up some earlier gains as it recovers from a sharp decline seen during the previous session. However, investor hopes that the U.S. would pass more stimulus measures that could kickstart the economic recovery from COVID-19 capped losses. A $1.9 trillion stimulus […]
