BUSINESS
Petrol, diesel prices rise close to Rs 3/l in 9 days
Accordingly, oil marketing companies raised the pump price of petrol and diesel by another 25 paise per litre in Delhi. With this increase, petrol is now priced at Rs 89.54 a litre and diesel Rs 79.95 a litre in the national capital.
Equity indices fall, Sensex gives up 52K-mark
The top gainers on the Sensex so far were State Bank of India, NTPC and Bajaj Auto, while the major losers were Nestle India, IndusInd Bank and Kotak Mahindra Bank. The Nifty50 on the National Stock Exchange was trading at 15,211.95, lower by 101.50 points or 0.66 per cent from its previous close.
China becomes EU's biggest trade partner in 2020
According to the EU's statistical service, the bloc's imports from China throughout the year 2020 grew by 5.6 per cent year-on-year to 383.5 billion euros (US $465 billion), and exports grew by 2.2 per cent to 202.5 billion euros.
Jeff Bezos back as world's richest man as Elon Musk loses $4.6B
Tesla shares were down 2.4 per cent on Tuesday and Musk lost $4.6 billion, slipping to the second position on the Bloomberg Billionaires Index, a ranking of the world's 500 wealthiest people. Bezos returned as the world's richest man with a net worth of $191.2 billion.
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.
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