Business

The cryptocurrency fanatics’ are betting Bitcoin is equivalent to digital gold and it seem to be winning converts among the world’s biggest holders of the precious metal. In India, where households own more than 25,000 tonnes of gold, investments in crypto grew from about $200 million to nearly $40 billion in the past year, according to Chainalysis. That’s despite outright hostility toward the asset class...

Auto Pilot issues in cars sold in China has forced Tesla Inc. to recall more than 285,000 electric vehicles. The company plans to quickly address risks associated with its autopilot feature after an investigation conducted by the country’s market regulator. The electric car maker will recall 211,256 locally-produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys because...

Fuel prices in India continues to rise, and consumers are still waiting for a breather, the prices have increased again across the country on Saturday, adding more misery for the common man already grappling with rising food prices amidst shrinking income. The retail prices of both petrol and diesel rose by a sharp 35 paise per litre on Saturday to touch a new high of...

Microsoft today officially announced Windows 11, the next version of its MS desktop operating system. Windows 10 was the last version of Windows, Microsoft plans to release Windows 11 to the general public by the holidays, so we can probably expect it sometime around late November. Before that, we’ll likely see a slew of public betas, starting next week. It’ll be a free update to...

Reliance Industries Ltd has announced Rs.75,000 Crores investments outlay to augment Green Energy Focus, it also revealed it has raised a record Rs 3.24 lakh crore in capital from stake sale in units, rights issue and asset monetisation, its chairman Mukesh Ambani said Thursday. Addressing shareholders, he said the company raised Rs 3,24,432 crore capital through the sale of stake in digital unit Jio Platforms...

Ikea Foundation and the Rockefeller Foundation announced today that they will each donate $500 million to support distributed renewable energy generation projects in developing nations. Roughly 2.8 billion people worldwide don’t have access to reliable power, according to the United Nations, but the two philanthropies estimate these funds will bring energy to a billion of them over the next decade. Further, since the partnership will...

Now that most employees and their families have received their first COVID-19 vaccination dose, it’s expected that offices will be fully reopened in October-November with everyone completely vaccinated by then, the companies said. The efforts gain steam, so are plans to return to the office — despite how some workers feel about it. Employees set to return to pre-covid work arrangements After a year of working from...

The pandemic has left heartbreaking Negative Impact businesses and governments to grapple with a perplexing collection of supply-chain and logistical disruptions. Over a year ago, we knew we were facing upheavals in health, education, and workplace systems. Ramifications such as the semiconductor shortage, however, were harder to predict. According to McKinsey report in June 2021, a variety of unexpected pandemic consequences and looked for...

Singapore has decided to calibrate its unlocking plans amid dozens of new delta variant cases over the last week, even as some countries with similarly high rates of vaccination allow a resumption of social activities and freer travel. The government is also facing the challenge of vaccine hesitancy There have been claims on social media that the mRNA COVID-19 vaccines are unsafe and ineffective...

Online pharmacy 1mg, now majority owned by Tata Group, aims to bring express delivery— within an hour—of medicines to consumers, according to reports today. 1mg has already started delivering medicines in 4-5 hours of placing an order in parts of New Delhi and Gurugram and will augment the service into an express delivery vertical across the country, the sources said. 1mg express medicine delivery rollout begins While...