BUSINESS
EV production likely to reach 54 mn units by 2029: Report
"Semiconductors required for power electronics will comprise the largest market, with growth accelerating in line with the push towards battery electric vehicles and the move towards higher performing, more efficient wide bandgap semiconductors," said Asif Anwar, Executive Director at Strategy Analytics.
I find it vaguely therapeutic to express myself on Twitter: Elon Musk
In an interview with the Financial Times, the world's richest man said: "I play the fool on Twitter and often shoot myself in the foot and cause myself all sorts of trouble." "Aren't you entertained?" Elon Musk replied with a roar of laughter when asked why a serious guy with serious ideas indulges in silly Twitter games that could also cost his followers dearly.
Business better than 2019, Happy Days Are Here Again: Hoteliers
With room rates heating up, guest arrivals increasing, footfalls into their restaurants going up as well the online orders, hoteliers are happier a lot now. The business now is better than what it was in 2019-before the Covid-19 pandemic. It is not the pent-up demand but an organic demand, a couple of General Managers of star hotels told IANS.
Pakistani rupee becomes 'world's best performing currency'
Friday was the 11th consecutive working day for the Pakistan rupee when it maintained the winning streak since the current Finance Minister Ishaq Dar announced his return to to the country by ending a five-year self-exile last month. Apparently, after taking over, Dar resumed his old policy of protecting the rupee against the onslaught of the US dollar.
Three years of shock after shock for the global economy
"We estimate that countries accounting for about one-third of the world economy will experience at least two consecutive quarters of contraction this or next year," said IMF Managing Director Kristalina Georgieva during a speech at Georgetown University, CNN reported.
Rising food, crude prices coupled with weak rupee fuel inflation in India
Most importantly, the sharply depreciating rupee against the dollar is one of the most significant reasons behind it. India's retail inflation rose to 7 per cent in August from 6.71 per cent in July and this was due to higher food prices.
In fact, retail inflation has been beyond the Reserve Bank of India's (RBI) tolerance limit of 6 per cent for eight months in a row.
Apple A16 Bionic costs more than twice to manufacture compared to A15
A Nikkei teardown of Apple's iPhone 14 series models revealed that production costs jumped nearly 20 per cent from its previous iPhone generation which is an all-time high. "The company has not raised prices for its latest model in the US and some other markets, but higher production costs mean that the company's profit margin has likely shrunk," the report mentioned on Friday.
What Delhi-NCR says about its milk? Survey reveals
To understand the pulse of the consumers on their milk, online community platform LocalCircles conducted an extensive survey in Delhi and the National Capital Region (NCR) to understand how households consume milk, their preferences, issues of quality and freshness.
Hackers steal over $100 million from top crypto exchange Binance
The Binance Blockchain, also known as BNB Chain, said that a total of 2 million BNB tokens -- worth nearly $568 million -- were initially stolen by the hacker. However, the company suspended the BMB Chain which resulted in more than $100 million being vanished, while the rest of the tokens couldn't be transferred by the cybercriminals.
Government seeks suggestions from businesses on improving compliances
Any minor violation under different provisions or sections can be suggested for decriminalisation, according to guidelines issued by the department. The aim is to make India a preferred investment destination across the globe and ensure hassle-free service delivery to the ultimate beneficiary, official sources said. The last date of sending suggestions is October 15, 2022.
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