Business According to consulting firm Deloitte, global EV sales, estimated at 2.5 million vehicles in 2020, are expected to more than 12-fold to 31.1 million by 2030, accounting for nearly a third of new vehicle sales.
Category Archives: Business
Mark Zuckerberg suffers a $7 billion loss in just hours as a result of the Facebook outage.
Social media The stock of the social media giant fell 4.9 percent on Monday, adding to a drop of about 15 percent since mid-September.
Oil prices jump to 3-year peak as Opec agrees to stick to output plan
Trade Oil prices soared to their highest level in at least three years after Opec and its allies agreed to continue to their existing oil production targets, defying calls to help cool skyrocketing energy prices and preserve the economy.Brent crude oil, the international benchmark, climbed 3% on Monday, reaching a new three-year high of $81.48Continue reading “Oil prices jump to 3-year peak as Opec agrees to stick to output plan”
Airlines to lose $201bn due to Covid by end of 2022, Iata predicts
Airlines Covid-19 is expected to cost airlines $201 billion by the end of next year, according to an international trade association for aviation. The International Air Transport Association’s director general, Willie Walsh, stated the airline sector was “far through the darkest point of the crisis” caused by the pandemic’s drop in air travel. Nonetheless, itContinue reading “Airlines to lose $201bn due to Covid by end of 2022, Iata predicts”
Global trade forecast to expand at fastest rate in 11 years
Trade Following an improvement to forecasts from the World Trade Organization, global trade is expected to rise at its quickest rate in 11 years in 2021.The World Trade Organization anticipates that trade would grow by 10.8% in 2021, compared to the previous year, when the pandemic brought economies around the world to a halt. ThisContinue reading “Global trade forecast to expand at fastest rate in 11 years”
In Q1 FY2022, infrastructure funding by banks, NBFCs, and IFCs remained slow, according to a study.
Indian Economy Due to the interruptions created by the second wave of the COVID-19 pandemic, total infrastructure lending by banks and NBFC-Infrastructure Finance Companies (NBFC-IFCs) remained slow in the first quarter of the current fiscal.It said that total infrastructure credit by banks and NBFC-IFCs was estimated at Rs 24.7 lakh crore as of March 31,Continue reading “In Q1 FY2022, infrastructure funding by banks, NBFCs, and IFCs remained slow, according to a study.”
The Metaverse Is Heating Up: How Axie Infinity’s $30B Valuation Triggered a Crypto Game Frenzy
Business Axie Infinity, the most popular crypto-based game and blockchain-based metaverse project, has been valued at $30 billion. Its native token, AXS, surpassed $110 this weekend and is now worth $29.5 billion. The rise of guilds is the primary reason why Axie Infinity user activity continues to rise despite the increase in the price ofContinue reading “The Metaverse Is Heating Up: How Axie Infinity’s $30B Valuation Triggered a Crypto Game Frenzy”
What ISRO’s latest MoU with startups mean for India’s space industry
Space ISRO’s signing of MOU with Indian private rocket startups gives the country’s private industry to perform space various activities. Thus, ISRO would enable startups to use their own facilities besides offering mentoring support to help fledgling firms. Chennai: India’s Department of Space, under which the state-run Indian Space Research Organization (ISRO) operates – signedContinue reading “What ISRO’s latest MoU with startups mean for India’s space industry”
Just look for these USB-C power rating logos to ease your shopping headaches.
Technology New USB-C logos make picking USB cables, chargers less confusing
UPI recorded 3.65 billion transactions worth Rs 6.54 trillion
India In September, UPI recorded 3.65 billion transactions worth Rs 6.54 trillion, an all-time high in both volume and value terms. Transactions may further increase in October and November as festive seasons arrive
The fundamentals of the Indian economy are strong, and private investment is increasing: Arvind Panagariya,
India According to former Niti Aayog vice-chairman Arvind Panagariya, the Indian economy’s fundamentals are sound, as real GDP in Q3 and Q4 of FY’21 already exceeded pre-pandemic levels. Panagariya, however, stressed in an interview with PTI that the country must conquer Covid-19 as quickly and decisively as possible. “On the vaccination front, the news isContinue reading “The fundamentals of the Indian economy are strong, and private investment is increasing: Arvind Panagariya,”
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