BUSINESS
Israel to issue govt bonds on blockchain platform for 1st time
The pilot issuance of digital government bonds will be conducted by the digital-asset technology companies VMware and Fireblocks, Xinhua news agency reported, citing the statement. As part of the issuance, leading international and local banks will participate in a live test, during which they will be connected to a dedicated blockchain system. The new platform for the trading and clearing of digital assets, based on the innovative technologies of blockchain, smart contracts, and tokenization, will be developed by TASE and selected technology vendors.
Musk says overpaying for Twitter but it has 'incredible potential'
In an earnings call after posting strong Tesla quarterly results, Musk said late on Wednesday that Twitter has "incredible potential". "The long-term potential for Twitter, in my view, is an order of magnitude greater than its current value," he told analysts. "I am excited about the Twitter situation because obviously, I know that part incredibly well.
Indigo tops with 57.7% market share in Sep, Vistara, Air India second and third
As per the aviation regulator's data for September, Indigo carried 59.72 lakh air passengers during the month while Vistara carried 9.96 lakh air passengers. Air India was at third position with 9.49 lakh passengers and 9.2 per cent market share. Similarly, Go Air, with 8.15 lakh air passengers, had a market share of 7.9 per cent during September.
SpaceX could spin off Starlink as public company by 2025: Report
According to tech analyst firm CCS Insight, as Starlink's "revenue becomes more predictable and it gains more and more users, the company is spun off to raise capital to expand its constellation of satellites" to meet the growing demand for its services, reports CNBC.
Mineral production rose 4.2% cumulatively in April-August 2022-23
Production level of important minerals in August, 2022 were coal at 580 lakh tonnes, lignite at 29 lakh tonnes, natural gas (utilised) at 2,829 million cubic metres, petroleum (crude) at 24 lakh tonnes, bauxite at 1,450 thousand tonnes and chromite at 1,46,000 thousand tonnes, among others.
FCI to build steel silos at 249 spots in 12 states
In the first phase, silos of 34.875 LMT capacity at 80 locations would be constructed by the FCI. Out of this, 10.125 LMT at 14 locations would be under the develop build operate and transfer (DBFOT) mode and 24.75 LMT at 66 locations would be under the develop build own and operate (DBFOO) mode.
Rupee hits new record low of 82.95 against USD
The currency fell to a record low of 82.95 after the US dollar strengthened against all major currencies globally.
the dollar's ascent has been triggered by inflation in the UK hitting a 40-year high level last month, owing to rising food prices.
India now home to over 450 Web3 startups, 11% of global talent
Currently, India is home to over 11 per cent of the global Web3 talent, making the country the third largest Web3 talent pool worldwide. Between 2021-2022, India registered over 170 new Web3 startups, yielding over 50 per cent CAGR growth since 2015.
Domestic air traffic registers annual growth of 64.61%
As per the data, nearly 1.03 crore passengers were carried by the domestic airlines in September as against 70.66 lakh during the same period last year. The passenger load factor or occupancy of the airlines remained on the higher side in the range of 75 to 85 per cent.
Jaypee and Amrapali Groups collapse, leaving buyers in the lurc
It can be estimated that out of all the units to be built here, an almost 50 per cent share was of these two builders. Acquiring more and more land and starting various projects simultaneously was perhaps one of the biggest mistakes of the groups.
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