July 2021 – TradenTalks

BharatPe to raise $350 million for $2 billion valuation, on path for ‘unicorn’ status

By Administrator_India Capital Sands Tiger Global Management is looking to lead a $350 million round investment in BharatPe for a valuation of over $2 billion, which would make the fintech startup India’s latest unicorn. Tiger Global itself will invest $100 million with participation from exiting investors such as Amplo, Beenext, Insight Partners, Sequoia Capital and Steadview Capital, among others, a person aware of the development. Talks are at an “advanced” stage and the investment round is “expected soon,” . The development comes ahead of the company’s plans with Centrum Group to…

World

Sydney Lockdown Extended By 4 Weeks As Australia COVID-19 Cases Spike

July 28, 2021 Administrator_IndiaCOVID-19, Lockdown, Sydney0 comment

By Administrator_ India Capital Sands The Australian city of Sydney extended a lockdown by four weeks on Wednesday after an already protracted stay-at-home order failed to douse a COVID-19 outbreak, with the authorities warning of tougher policing to stamp out non-compliance. Far from a planned exit from lockdown in three days, the city of 5 million people and neighboring regional centers spanning 200 km (120 miles) of coastline were told to stay home until August 28 following persistently high case numbers since a flare-up of the virulent Delta variant began…

SPORTS

It’s 2021, but the sexualizations of women in sports continues; Olympic Games

July 27, 2021 Administrator_IndiaGames, Olympic, Tokyo0 comment

By Administrator_ India Capital Sands Seriously, if you’re a woman in a competitive sport, there’s really no winning. It’s a classic ‘damned if you do, and damned if you don’t’ scenario. On the one hand, is Norway’s beach handball team was fined for wearing less revealing clothes at the Euro 2021 tournament. On the other is Olivia Breen, a Paralympian from Wales who was reprimanded by an official (a woman) because her briefs were “too short and inappropriate” at the English championships last week. But it has now come to a…

SPORTS

Tokyo Olympics: Mary Kom, Sindhu cross first hurdle, into round 2

July 26, 2021 Administrator_IndiaMarycom, Olympic, Tokyo0 comment

By Administrator_ India Capital Sands It was a mixed day for the Indian contingent at the Tokyo Summer Olympics on Sunday. Iconic boxer MC Mary Kom, 38, beat her 23-year-old opponent from over Dominican Republic, Miguelina Hernandez Garcia, to power her way into the pre-quarterfinals after a superb tactical victory in the 51kg category. Sindhu shines PV Sindhu, the sixth-seed shuttler in the world, beat her 58th ranked opponent Ksenia Polikarpova 21-7, 21-10 with significant ease to sail into the second round of the Tokyo Games. Batra stuns higher seed Manika Batra,…

SPORTS

Tokyo Olympics: India’s prospects and past wins

July 23, 2021July 23, 2021 Administrator_IndiaOlympics, Tokyo0 comment

By Administrator_ India Capital Sands All eyes and hearts are set for the Tokyo 2020 Olympics to be held in Japan from July 23 to August 8, delayed by a year due to the deadly COVID-19 pandemic. India will be participating in 18 sports disciplines and related events at the games. A total of 127 sportspersons and 101 coaches are part of the Indian contingent along with support staff and officials. As per projections, India has predicted to bag 19 medals: four gold, nine silver, and six bronze finishing 18th…

International

EU rejects UK demand for new post-Brexit deal on Northern Ireland

July 22, 2021 Administrator_IndiaBrexit, EU, Ireland, UK Demad0 comment

By Administrator_ India Capital Sands Britain demanded on Wednesday a new deal to oversee problematic post-Brexit trade involving Northern Ireland, warning it already had the right to unilaterally ignore parts of an agreement struck with the bloc just last year. The European Commission immediately poured cold water on the plea, saying Prime Minister Boris Johnson and Brexit minister David Frost had negotiated the protocol and Britain had to respect its international obligations. “We will not agree to a renegotiation of the Protocol,” said the commission’s Vice President Maros Sefcovic. The Northern Ireland protocol was part…

Business

Gold prices up Rs 96 to Rs 48,222/10 gm on safe-haven ; Silver corrects Rs 810 a kg

July 21, 2021 Administrator_IndiaGold, Safe haven, Silver0 comment

By Administrator_ India Capital Sands Gold prices jumped by Rs 96 to Rs 48,222 per 10 gram in the Mumbai retail market on positive global cues and renewed risk aversion in global financial markets, however, the upside was capped by a sharp gain in the rupee. The surging cases of Delta variant of coronavirus and rising inflationary pressure gave safe-haven yellow metal a boost. The price of 10 gram, 22-carat gold in Mumbai was Rs 44,171 plus 3 percent GST, while 24-carat 10 gram stood at Rs 48,222 plus GST.…

Market

Sensex sheds 586 points over Covid-19 surge in biggest drop since April 30

July 20, 2021 Administrator_IndiaBSE, Nifty, NSE, Sensex0 comment

By Administrator_ India Capital Sands The benchmark indices on Monday declined along with Asian and European peers as investors were worried by the surge in Covid-19 cases and rising inflation. The benchmark Sensex fell 586 points to end the session at 52,553, a decline of 1.10 percent in the biggest single-day fall since April 30. The Nifty tumbled 171 points to end the session at 15,752, a drop of 1.07 percent. Safe-haven assets, including gold, rose amid risk-off sentiment among investors. The US bond yields were trading at their lowest since February 12 at…

Market

Gold edges up on Delta virus threat, lower US bond yields

July 19, 2021 Administrator_IndiaDelta Virus, Gold, US Bond0 comment

By Administrator_ India Capital Sands Gold prices edged higher on Monday, lifted by a retreat in U.S. Treasury yields and concerns that a surge in coronavirus cases could dampen global economic recovery, though an uptick in the dollar limited gains for the safe-haven metal. Spot gold was up 0.1% at $1,812.83 per ounce, as of 0243 GMT, after falling 1% in the previous session. U.S. gold futures eased 0.1% to $1,813.70. “Covid-driven risk aversion is driving Asian markets today after a weak finish on Wall Street on Friday,” said Jeffrey…

Business

Fed to shutter pandemic support asset purchases by end-2022

July 16, 2021 Administrator_IndiaFED, Pandemic, US Economy0 comment

By Administrator_ India Capital Sands The Federal Reserve will shutter its asset purchases program by the end-2022, according to a Reuters poll, with a few more economists now predicting a rate hike as early as next year, but they pegged new COVID-19 variants as the biggest economic risk. However, Fed chair Jerome Powell said on Wednesday withdrawing monetary policy support was a long way off, with 7.5 million jobs still missing from before the pandemic. Following his testimony, where he also concluded that high inflation would be transitory, the US…