BUSINESS
Government proposes Open Network for Digital Commerce as pvt sector led non-profit firm
The ONDC is expected to provide a start-up mindset for a population scale implementation, enabled by a management with a futuristic vision, leadership with a deep understanding of commerce, comfort with cutting-edge technology, and missionary outlook to drive change.
Relief for consumers as fuel rates unchanged for 2nd day
The petrol and diesel prices had spiked to historic highs after the constant hikes in the fuel prices in the past couple of months. The unchanged fuel price in the national capital Delhi is Rs 107.59 a litre for petrol and Rs 96.32 for diesel as per the price notification of state-owned fuel retailers. The fuel prices in Mumbai also did not witness any spike and remained at Rs 113.46 per litre for petrol and Rs 104.48 a litre for diesel.
Transport startup Chalo acquires bus aggregator platform Shuttl
The premium office bus service will continue to use the brand name 'Shuttl'. The Shuttl's current team will also continue under their current roles. Chalo recently raised $40 million Series C funding and currently has more than 15,000 buses live on its platform.
Two Indian-American start-ups likely to be next unicorns: Report
The list includes Alchemy, co-founded by Nikil Viswanathan and Joseph Lau. It also featured Legion Technologies, founded by Sanish Mondkar. Alchemy makes it easier to read and write information onto blockchains, such as Ethereum and Flow, reports Forbes Africa. The service starts free for smaller developers, but larger customers pay a monthly fee.
Equity indices recover on European cues; realty stocks rise
During the initial trading hours, both the indices opened flat but rose thereafter only to cede all their gains. Nevertheless, the key indices have witnessed a recovery. Globally, Asian markets dipped from opening levels as fresh worries about China's property sector weighed on investors' sentiments post a good opening following gains on the wall street.
'COP26 should be for delivery of concrete actions on finance, technology transfer'
"Even India's climate actions have so far been largely financed from domestic resources. Maximum share of India's current climate finance comes from budgetary sources. A substantial scaling up of the climate action plans would require greater resources," Union Minister for Environment, Forests and Climate Change, Bhupender Yadav said at the Middle East Green Initiative Summit 2021 at Riyadh in Saudi Arabia.
New Asian gas projects create $379 bn stranded asset risk: Report
The gas build-out undermines pledges by several Asian countries to achieve net zero emissions as part of a transition to renewables by mid-century, and it is occurring despite a June 2021 warning by the International Energy Agency that achieving net zero globally depends on halting all future fossil fuel development.
NSE registered investor base crosses 5 cr unique investors
According to the NSE, while the journey from three crore registered investors to four crore took about 15 months, the next one crore registrations took less than seven months. "The journey from 4 crore unique investors to 5 crore unique investors took about 203 days, with north Indian states contributing to 36 per cent of new investor registrations, followed by western India with 31 per cent, southern India states and eastern India states accounting for 20 per cent and 13 per cent of new investor registrations, respectively," the NSE said in a statement.
Big fossil fuel companies' claim of carbon neutral products nothing but greenwashing
The new investigation 'Net-zero pipe dreams: Why fossil fuels cannot be carbon neutral' explores the troubling new trend of so-called carbon-neutral fossil fuels. It is brought out by Carbon Market Watch, a not-for-profit association with expertise in carbon pricing and a track record of policy work in international organisations and in the European Union.
Elon Musk-run Tesla hits $1 trillion market cap for first time
Its stock soared to a new record high after it crossed $950 during the trading -- up more than 9 per cent. The rally came after the US-based rental car company Hertz on Monday said it has ordered 100,000 Tesla vehicles (worth at least $4.2 billion) by the end of 2022 as part of an ambitious plan to electrify its fleet.
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