BUSINESS
AWS again leads global Cloud infrastructure market in Q4 2020
Total global expenditure was over $3 billion higher than the last quarter and nearly $10 billion more than Q4 2019, according to data provided by global research firm Canalys. Microsoft's Azure growth rate accelerated once again, up by 50 per cent to boost its market share in the global cloud services market to 20 per cent at the second spot.
Why surging Ether cryptocurrency is next best bet after Bitcoin
According to industry players, Bitcoin which is hovering around $40,000 is beyond the reach for most investors while Ether that has touched an all-time high is still within reach. "Now that Bitcoin has hit a record high and is consolidating, investors are adding Ether. Together the two cryptocurrencies constitute nearly 80 per cent of the total crypto market cap," Pagidipati said.
30 Chinese mobile games raked in $9.24B in 2020, PUBG leads
The top 30 profitable Chinese mobile games raked in $9.24 billion from the App Store and Google Play last year, up 47 percent year on year from $6.3 billion in 2019, the firm said. A total of 37 Chinese mobile games became earners of more than $100 million in overseas markets, 12 more than in 2019.
Petrol and diesel prices unchanged for 2nd consecutive day
Diesel prices also remained unchanged on Sunday. Prices of the fuel in Delhi, Mumbai, Kolkata and Chennai were Rs 77.13, Rs 83.99, Rs 82.33 and Rs 80.71 respectively. Petrol and diesel prices have largely been elevated amid reviving crude oil prices. The benchmark Brent crude oil is currently around $59 per barrel.
Delhi Metro facing financial distress owing to Covid-19 pandemic
At the same time, operating expenses including Operation and Maintenance (O&M) costs had to be continuously paid for the upkeep of the metro network which spans 285 stations and a total track length of 389 km. Additionally, there had been a decline in the non-fare revenue garnered from advertisement as well as shop rentals for the months when metro operations had been suspended.
Vaccine rollout increases hopes for air transport: Ind-Ra
Accordingly, the agency's India logistics sector report said: "While passenger numbers for airlines are still down on a YoY basis, the start of vaccination drives in several countries globally and the Indian government allowing 80 per cent of fleet to be deployed are key positives recently."
Large fiscal deficit could be inflationary but not an immediate threat: Crisil Research
Accordingly, the budget has replaced fiscal consolidation as a priority with expansion, well into the medium term. Besides, the fiscal glide path "itself has become footloose" with a deficit at 9.5 per cent for FY21, 6.8 per cent in FY22 and 4.5 per cent by fiscal 2026.
Govt must allocate 13% of Budget to farm sector: BKS
BKS national general secretary Dinesh Kulkarni told IANS that the budgetary allocation for agriculture has increased but it is still less compared to its 13 per cent share of the total GDP. Kulkarni said that agriculture contributes 13 per cent to the Budget and so the government must allocate 13 per cent of total Budget to the agriculture sector.
Lower customs duty on gold to curb smuggling, benefit retail jewellers
According to the report, the erstwhile duty structure gave incentives for gold smuggling into India. In July 2019, as part of the revenue-raising budget, the customs duty on import of gold was increased to 12.5 per cent from 10 per cent. As per Ind-Ra's estimates, unofficial imports of gold range between 150-180 tonnes compared to the official gold import numbers of 600-700 tonnes for FY20.
Amazon loses bid to stop union vote at US warehouse
Amazon appealed last month to prevent a mail-in vote by the warehouse workers on whether to join the Retail, Wholesale and Department Store Union. The NLRB, in its ruling, said that Amazon's appeal raised "no substantial issues warranting review," CNBC reported on Friday.
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