Elon Musk, the founder of Tesla Inc and the world’s second-richest person, shocked cryptocurrency enthusiasts on Wednesday, when he announced on Twitter that his automaker would no longer accept Bitcoin payments due to environmental concerns. After all, this is the same man who claimed just a few months ago that Tesla had made a $1.5 […]
Category Archives: Business
According to tender documents, the state-owned Oil and Natural Gas Corporation has agreed to waive the marketing margin on gas it expects, to generate from its KG basin area, but has declined to lower the minimum cost. Last month, ONGC, India’s largest oil and gas company sought bids for the initial sale of 2 million standard […]
Wadia Group-owned Go Air has rebranded itself as ‘Go First,’ as the airline focuses on an ultra-low-cost business model despite pandemic headwinds. The airline was planning for an initial share sale to raise funds for its ambitious expansion plans, after being in the skies for 15 years. Go First as a ULCC (ultra-low-cost carrier) will […]
The super-charged meeting in ware costs has made delivery more costly than any time in the previous decade, restoring the fortunes of an industry that was on its knees simply a year prior. The size of the blast, with super hot demand wherever on the rear of an expansive monetary recuperation and tremendous boost programs, […]
Glauber Contessoto, who became a “dogecoin millionaire” on April 15, has managed to bring rather than promote — despite the coin’s ups and downs, he tells CNBC Make It. And he now claims to be a millionaire twice over. Contessoto said he spent more than $180,000 in dogecoin on February 5, when it was worth […]
Stella Artois is a Belgian pilsner with an ABV of 4.6 to 5.2 percent, that was first brewed in 1926 in Leuven, Belgium by Dutch: Brouwerij Artois (‘Artois Brewery’). A 4.8 percent ABV variant has been sold in the United Kingdom, Ireland, Canada, and Australia since 2008. In the United Kingdom, Stella Artois has earned the […]
The United Nations revised its global economic forecast upward to 5.4 percent growth for 2021 on Tuesday, citing the rebounding Chinese and the US economies as reasons, but cautioned that rising COVID-19 cases and insufficient vaccine supply in many countries risk a broad-based recovery. The United Nations’ mid-2021 World Economic Situation and Prospects survey, which […]
Following its success in regaining depositors, Yes Bank Ltd., which was once at the core of India’s largest financial rescue, will concentrate on increasing lending to businesses this year, according to Chief Executive Officer Prashant Kumar. After regulators seized the lender to prevent it from crashing, Kumar took over the reins of Yes Bank in […]
The government announced Indian standards for low-cost AC charging points (EVs), with target prizes starting from as low as Rs 3,500 for a charging unit, would be issued within the next two months. The Committee has worked in fast-track mode to develop specifications, prototype products and carry out testing and validation of the proposed standards, […]
Moody’s Investors Service cut India’s growth forecast for the present financial year to on Tuesday, citing the second wave of coronavirus infections, as impeding economic recovery and raising the likelihood of long-term scarring. Moody’s has assigned India a ‘Baa3′ ranking with a negative outlook, citing challenges to economic development, high debt, and a poor economic […]