BUSINESS
Elon Musk says prices 'seem high' after Bitcoin hits new high
Tesla CEO Elon Musk, who has been tweeting on cryptocurrencies with greater frequency for some time now, has said that prices of Bitcoin now "seem high". His comments came after Bitcoin's total market value passed $1 trillion for the first time on Friday, according to data from CoinDesk.
Petrol prices unchanged after rising over Rs 3 per litre in 12 days
On Sunday, price of the fuel in Delhi, Mumbai, Chennai and Kolkata was at Rs 90.58, Rs 97.00, Rs 92.59, Rs 91.7 per litre, respectively, unchanged from the previous levels. Premium petrol has crossed Rs 100 per litre mark in several cities of Rajasthan, Madhya Pradesh and Maharashtra a few days back.
SBI Payments to expand digitisation of merchant payments
After the launch of 'YONO Merchant App', merchants will be able to access details of transactions, generate reports, upload transactions for processing etc. through SBI's mobile application besides accepting payments on their mobile device.
Dineout acquires event curator SteppinOut
This is the fifth acquisition by Dineout after inResto, Torqus, Gourmet Passport and Binge Digital. The fresh acquisition will help Dineout host multiple types of offline experiences ranging from food festivals, night markets, live comedy events, movie nights and more.
GST compensation shortfall released to states touches Rs 1L Cr
Till now, 91 per cent of the total estimated GST compensation shortfall has been released to the States & UTs with Legislative Assembly. Out of this, an amount of Rs 91,460.34 crore has been released to the States and an amount of Rs 8,539.66 crore has been released to the 3 UTs with Legislative Assembly.
IBM may sell its $1B Watson Health business: Report
The Wall Street Journal reported that IBM is exploring a potential sale of its Watson Health business, as CEO Arvind Krishna "moves to streamline the company and become more competitive in cloud computing".
Oil on boil: Delhi selling petrol at Rs 90.10/l
In Mumbai, petrol price is just Rs 3 per litre short (Rs 96.62 a litre) of touching three digit mark of Rs 100 per litre for the very first time ever. Diesel price in the city is closing on Rs 90 a litre (Rs 87.67 a litre). In all other metros, petrol is over Rs 90 a litre mark while diesel is well over Rs 80 a litre.
Commercial credit growth back to pre-pandemic levels: Report
The total on-balance-sheet commercial lending exposure in India stood at Rs 71.25 lakh crore in September 2020, clocking a growth rate of 2.1 per cent YoY. For the MSME segment, credit exposure stood at Rs 19.09 lakh crore as of September, showing YoY growth of 5.7 per cent.
Explosion at ArcelorMittal unit in South Africa, 3 killed
ArcelorMittal said a portion of a 90-m stack at one of the operation's coke batteries failed in the early hours of the morning, and fell onto the coke battery control room in which the three employees had been working, the Xinhua news agency reported.
RBI approves Piramal Group's proposed takeover of DHFL
The development comes just a month after the Committee of Creditors (CoC) of DHFL voted in favour of Piramal's bid with 94 per cent votes and approved its resolution plan.
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