BUSINESS
RIL in driver's seat in $ 74 bn green hydrogen opportunity
RIL's green hydrogen foray is part of its Net Carbon Zero target by 2035. Falling renewable cost and scale economics will lower green hydrogen cost. Given the capex intensity, RIL's strong balance sheet and backward integration puts it in the driver's seat in the US$ 74 billion opportunity, foreign brokerage, Jefferies said in a report.
India's Rs 1,000 Cr rich club grows, teen entrepreneur makes debut
"Cumulative wealth has increased by 9.4 per cent, while average wealth has decreased by 1 per cent. 602 individuals saw their wealth increase or stay the same, of which 149 are new faces, whilst 415 saw their wealth drop and there were 50 dropouts," as per a statement issued by IIFL Wealth and Hurun India.
ITC Hotels add 5 more properties as brand Storii expands
Popular leisure destinations Goa, Dharamshala, Solan, Sirmour and Kufri are the frontliner destinations for Storii with Storii Goa and Storii Dharmashala already opening doors to guests. With the recent openings at Goa and Dharamshala, the ITC HOTELS Group now has its 5th property in Goa and its 12th hotel in Himachal Pradesh.
How this brokerage house lets you invest in new equity based on MSCI indexes
The Smartfolios Select basket represents securities from selected Global Industry Classification Sector (GICS) sub industries like food retail, department stores, distillers & vintners, diversified support services, financial exchanges & data, Internet & direct marketing retail, footwear, movies & entertainment, interactive media & services, and interactive home entertainment.
Ex CAG Rajiv Mehrishi, Sudha Murthy join PM CARES advisory board
The Trust further decided to nominate eminent persons for constitution of the fund's advisory board. These include former Comptroller and Auditor General of India Rajiv Mehrishi, former chairperson of Infosys Foundation Sudha Murthy, and Anand Shah, co-founder of Teach for India and former CEO of Indicorps and Piramal Foundation.
ECB chief pledges more rates increases to bring down inflation
"Moving faster at the start of the hiking cycle clearly conveys our commitment to bring down inflation to our medium-term target," Lagarde said while addressing an event here. As inflation in the euro area is hovering at historically high levels, the ECB lifted main interest rates twice this year by a total of 125 basis points, reports Xinhua news agency.
Against 400 Vande Bharat trains announced in next three years, only two operating
The first Vande Bharat Express, India's first semi-high speed train from Delhi to Varanasi, was flagged off by Prime Minister Narendra Modi on February 15, 2019. The Vande Bharat Express, which became the fastest train in the country, has proved with its speed that it not only makes passengers reach their destination in less time, but also delivers a flight-like experience to them.
Crypto market maker Wintermute loses $160 mn in hacking
In a tweet, Wintermute's founder and CEO Evgeny Gaevoy said that they have been hacked for about $160 million in their DeFi operations. "Cefi (centralised finance) and OTC (over-the-counter) operations are not affected. We are solvent with twice over that amount in equity left," he posted. Wintermute has Lightspeed Venture Partners, Pantera Capital and Fidelity's Avon among as its investors.
Are Pakistani and Chinese utilities set to quarrel over electricity payments?
While the Dadu power station, located in the Sindh province supplying electricity to millions of people, has been saved, threats remain with forecasts suggesting that there could be more rains. Pakistan Prime Minister Shehbaz Sharif has underlined the need to protect the 500 KV plant at all costs. "For uninterrupted power supply, the protection of grid station is necessary," he had said.
5G FWA services to generate $2.5 billion in operator revenue by 2023 globally
The staggering growth will be driven by 5G's advanced network capabilities, such as ultra-low delay and increased data processing to provide connectivity services that were previously unachievable with 4G technology, according to Juniper Research. FWA includes services that provide high-speed Internet connectivity through cellular-enabled CPE (customer premises equipment) for uses including broadband and IoT networks.
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