BUSINESS
India set to see largest energy demand spike: IEA
The India Energy Outlook 2021, a special report in the IEA's World Energy Outlook series, examines the opportunities and challenges faced by the planet's third-largest energy consuming country as it seeks to recover from the Covid-19 crisis.
Sharp spike in fuel prices, petrol Rs 87.30/L in Delhi
The oil marketing companies on Tuesday decided to break their three-day pause to increase petrol and diesel prices by a sharp 35 paise per litre. With this, the retail price of diesel has increased to Rs 77.48 a litre in Delhi while petrol prices have surged to a new high level of Rs 87.30 a litre in the capital.
Most sought-after job that pays to sleep is back: Earn Rs 10L & be the best Sleep Intern!
A year later, the world has faced a pandemic, and sleep has somehow taken a backseat again amidst the stress, health risks, and career turbulences. Wakefit.co is here to bring the focus back on sleep and make sleeping glamorous again. The D2C sleep and home solutions brand is back with its Sleep Internship program and Season 2 promises to be bigger and better than its hugely popular maiden season.
Sensex, Nifty hit new highs, oil & gas stocks rise
The BSE Sensex touched an all-time high of 51,606.25 and the Nifty50 on the National Stock Exchange a record high of 15,197.80 points as healthy buying was witnessed in oil and gas and energy stocks. The indices, however, later trimmed gains and were trading marginally. Around 9.55 am, Sensex was trading at 51,415.41, higher by 66.64 points or 0.13 per cent from its previous close of 51,348.77.
Reddit raises $250M, now has over 50M daily users
The company, now in its 16th year of operation with more than 50 million daily users, has raised nearly $800 million to date, including a Tencent-led $300 million Series D in February 2019. The new funding comes after a renewed public attention on the platform where subreddit r/WallStreetBets helped raise the issue of GameStop stock that rose and fell sharply.
Government made Budget transparent, nothing under wraps: Finance Minister
She further said that the central government is governed by the principle of 'minimum government, maximum governance' and the Union Budget 2021-22 was presented with the same philosophy. Sitharaman said that the government has spent big on those areas of activity which gives a big multiplier effect.
Tesla invests $1.5 billion in bitcoin cryptocurrency
Tesla said it will also "begin accepting bitcoin as a form of payment for our products in the near future. The announcement comes amid renewed interest shown by Musk in cryptocurrency and requests from Tesla customers for accepting bitcoin for buying the cars.
ONGC Energy Centre to implement India's first geothermal energy project in Ladakh
A memorandum of understanding to formalise the plan has been inked between the ONGC Energy Centre (OEC) and the Union Territory of Ladakh and the Ladakh Autonomous Hill Development Council. "This project of ONGC will put India on Geothermal Power map of the world," the company said in a statement.
Ministry of Defence, Bharat Electronics Limited ink deal on software-defined radios worth Rs 1,000 crore
The SDR is jointly designed and developed by the Defence Electronics Applications Laboratory (DEAL) of the Defence Research and Development Organisation (DRDO) through a consortium of domestic agencies and industry. It will bring strategic depth to the armed forces. The delivery will take place within three years.
Xerox acquires augmented reality firm CareAR to expand software portfolio
According to Xerox, with CareAR software, remote agents and experts can virtually see the situation and visually guide a solution using a suite of augmented reality tools via desktop, mobile, and smart glass devices, as if they were in-person.
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