BUSINESS
Bitcoin jumps above $50,000 for first time ever
"Sustained interest from institutions has had a positive impact on Bitcoin's price, pushing it on an upward curve. In December 2020, it touched an all-time high crossing $24,000 in valuation, marking a 224 per cent increase from where it started its journey at the beginning of the year," Sumit Gupta, CEO and Co-founder, CoinDCX, said in a statement.
CARS24 hires Kunal Mundra as new CEO for its India cars vertical
In this new role at CARS24, Mundra will be responsible for the company's car business in India, while closely working with the co-founders to devise expansion strategy.
India's GDP expected to grow by 0.7% in Q3FY21: ICRA
The forecast shows a turnaround from the 7.5 per cent contraction in Q2FY21, benefitting from a pickup in private consumption and government spending. Besides, the mild forecasted growth in Q3FY21 signifies that the economy has exited the Covid-19 pandemic-induced recession after two quarters.
Global investors move to renewable as coal demand dips in India
A week earlier, International Energy Agency's (IEA) India energy outlook said India would need a massive investment of $1.4 trillion if it were to aim for net zero by mid 2060. Much of this could come in from estimated savings due to reduced oil import bills. However, in addition to this, India could very well attract international investors.
WTO appoints Ngozi Okonjo-Iweala as new director-general
"Dr. Okonjo-Iweala will become the first woman and the first African to head the WTO. She will take up her duties on March 1 and her term, renewable, will expire on August 31, 2025," WTO said. Okonjo-Iweala, 66, is a global finance expert, an economist and an international development professional with over 30 years of experience working around the world.
Sharp jump in petrol, diesel prices for 8th consecutive day
Oil marketing companies raised the pump price of diesel by a high level of 35 paise per litre and petrol by another 30 paise per litre in Delhi. With this increase, petrol is now priced at Rs 89.29 a litre and diesel Rs 79.70 a litre in the capital.
Equity indices touch new highs, Sensex crosses 52,500
The BSE Sensex has touched an all-time high of 52,516.76 points. The top gainers on the Sensex were ONGC, Power Grid and Kotak Mahindra Bank, while the major losers were Axis Bank, ICICI Bank and Nestle India.
India's YoY merchandise exports, imports rise in Jan
"Non-petroleum and Non-gems and jewellery exports in January 2021 were USD 22.44 billion, as compared to USD 19.79 billion in January 2020, registering a positive growth of 13.40 per cent," a Ministry of Commerce and Industry statement said.
Japan's economy shrinks 4.8% due to Covid in 2020
Japan suffered its worst post-war quarterly contraction between April and June, as the global pandemic hit domestic consumption and exports. But consumption and exports, which are both key drivers of the Japanese economy, also fuelled a rebound in the second half of the year.
Elon Musk to fully support if major Dogecoin holders sell their coins
Dogecoin is a cryptocurrency invented by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system. Nearly 113 billion coins have already been mined. Amid the surge in Bitcoin and Ether cryptocurrencies, Dogecoin has surged more than 659 per cent this year.
Don't Miss
Advertisement