Crude oil prices plunge over $1 as G7 debate Iran nuclear deal, Russia
Mon, Jun 27, 2022 7:21 AM

Crude oil prices plunge over $1 as G7 debate Iran nuclear deal, Russia

Crude oil prices plunged by over $1 a barrel on Monday. This was noticed as global economic concerns adversely affected the oil demand outlook, and investors are concerned regarding the G7 meeting this week for a decision on Russian oil exports and a revival of the Iran nuclear deal. By 0010 GMT, Brent crude futures tanked by $1.42, or 1.3%, to $111.70 a barrel after rebounding 2.8% on Friday.

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NMDC’s Chhattisgarh steel plant to commence production in September
Mon, Jun 27, 2022 7:15 AM

NMDC’s Chhattisgarh steel plant to commence production in September

NMDC’s 3 mtpa greenfield steel plant at Nagarnar in Chhattisgarh is expected to be commissioned towards the end of September. The facility by the state-run Company is already witnessing a delay of almost 7 years. Notably, NMDC spent Rs 20,240 cr as of May 2022 for the plant. The state-run firm is likely to spend another Rs 1,700 cr, and the project reported a cost overrun of around Rs 7,000 cr.

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Coal supplies hike, though 50% thermal units have stocks at critical level
Mon, Jun 27, 2022 7:00 AM

Coal supplies hike, though 50% thermal units have stocks at critical level

The power and the coal ministry announced that during the upcoming monsoon the coal supplies to the power plants may not witness a crisis with power plants building up inventories. This was declared, despite 91 out of India's total 173 thermal power stations reporting coal stocks in a critical situation. Among these 91 plants, 8 are non-operational and 8 depend on imported coal for operation.

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5 bidders including Tata, Adani to exit Reliance Capital’s resolution
Mon, Jun 27, 2022 6:37 AM

5 bidders including Tata, Adani to exit Reliance Capital’s resolution

Five crucial bidders for Reliance Capital’s assets have exited the race. Currently, barely 5 active bidders, including Piramal Enterprises, are actively pursuing the process. This is in contrast to the nearly 54 EoIs the firm had received in March. Blackstone, HDFC Ergo, insurance firms of ICICI Lombard and Tata group, and Adani Group are the latest companies to pull out of the process.

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Ads in your Netflix plan❓ Read here 👇
Sun, Jun 26, 2022 11:30 PM

Ads in your Netflix plan❓ Read here 👇

After Netflix lost subscribers for the first time in a decade & projects a 2 million decline in the upcoming quarter, the streaming giant is now in discussion with several companies for advertising partnerships to gain subscribers by launching a cheaper plan with ads🤳. As per sources, the company is in talks with Alphabet Inc's Google & Comcast Corp's NBCUniversal for possible marketing tie-ups.

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Survey: 24% of SMEs intend to embrace payments in crypto
Sun, Jun 26, 2022 10:39 PM

Survey: 24% of SMEs intend to embrace payments in crypto

In the past six months, the crypto market has witnessed a highly volatile price movement. However, this volatility in the crypto market has not dampened interest from SMEs. A recent study indicates that SMEs are open to the idea of accepting crypto payments, especially Bitcoin. The survey suggests that 24 per cent of small businesses intend to embrace crypto payments.

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Tip to toe, here are top 5 money lessons solely for Millenials 😎
Sun, Jun 26, 2022 10:30 PM

Tip to toe, here are top 5 money lessons solely for Millenials 😎

Millenials are now the youngest class of people in the money market. For starters, one must need to understand how money works, and the millennials can create ample opportunities for their futures. If you’re a millennial, check out these top 5 picks for you: ✨The first 10 years of our career are CRUCIAL ✨Become Rich Slowly ✨Goals are always a by-product ✨One action at a time ✨Cost of Delay

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More and more BTC mining firms selling Bitcoin to pay back loans
Sun, Jun 26, 2022 10:08 PM

More and more BTC mining firms selling Bitcoin to pay back loans

As per crypto market analysts, there is a surge in the number of miners selling Bitcoin as they are having trouble paying back loans they took out against their mining rigs. In the last few months, BTC mining companies like Bitfarms Limited and Core Scientific Inc. have sold large amounts of their tokens. To cover increasing operational costs, Core Scientific sold more than 2,000 BTC coins in May.

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Albania to impose income tax from cryptocurrencies next year
Sun, Jun 26, 2022 9:46 PM

Albania to impose income tax from cryptocurrencies next year

As per media reports, Albania will impose income tax on transactions made from cryptocurrency next year. As per the new law, “all revenue from business dealings or mining will be branded as income from a business, with various tax rates based on the type and amount. Individuals will be subject to a 15% investment income tax, except dividends.”

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Ripple intends to hire 50 engineers for its new Toronto office
Sun, Jun 26, 2022 9:20 PM

Ripple intends to hire 50 engineers for its new Toronto office

Ripple has opened its new office in Toronto which will act as an engineering hub boosting its growth in North America. In this connection, the company has stated its intention to hire 50 engineers in Toronto to expand to hundreds of blockchain software engineers, including applied machine learning scientists, data scientists, and product managers.

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PM Modi in Germany: One unicorn emerging every 10 days
Sun, Jun 26, 2022 8:35 PM

PM Modi in Germany: One unicorn emerging every 10 days

Prime Minister Narendra Modi while addressing the members of the Indian community in Germany's Munich said that India is leading the way in innovation, with one unicorn emerging in the country every 10 days. The minister went on to claim that an average of 5,000 patents are filed every month in India. He also added, "40% of real-time digital transactions of the world taking place in India.”

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EV maker OSM to establish retrofit facility in Punjab at USD 25 million
Sun, Jun 26, 2022 8:22 PM

EV maker OSM to establish retrofit facility in Punjab at USD 25 million

A retrofit facility has been established by the Faridabad-based EV maker Omega Seiki Mobility to convert internal combustion engine (ICE)-powered vehicles into electric vehicles near Chandigarh at an investment of USD 25 million. The company presently makes cargo and passenger electric three-wheelers and small commercial vehicles M1KA.

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Lenders of Reliance Capital extends resolution timeline by another 2 months
Sun, Jun 26, 2022 8:08 PM

Lenders of Reliance Capital extends resolution timeline by another 2 months

The debt-ridden Reliance Capital's lenders decided on Sunday to extend the resolution process' timeline by an additional two months, ending November 2, 2022, due to the tepid response from potential buyers for the company. This would be the second extension by the Committee of Creditors for the Anil Ambani-backed company's resolution.

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UAE and Germany to discuss on hydrogen & sustainable energy this week
Sun, Jun 26, 2022 7:30 PM

UAE and Germany to discuss on hydrogen & sustainable energy this week

As the European nation explores long-term options to wean itself off Russian gas in the wake of Moscow's war on Ukraine, Germany and the United Arab Emirates will continue their discussions on hydrogen & sustainable energy this week. Sharif Al Olama, the undersecretary of the UAE’s energy ministry said, “The visit aims to establish sustainable cooperation mechanisms between the two countries.”

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Top 5 ways to increase your home loans eligibility👉
Sun, Jun 26, 2022 7:30 PM

Top 5 ways to increase your home loans eligibility👉

Getting home loans can become tricky as the banks use different metrics upon which they can judge your eligibility for the loans. Here can be your top 5 picks to increase your chances to get home loans and build your dream home: ✅Improve your CIBIL Score ✅Opt for Longer Tenure Home Loans ✅Take Joint Home Loans ✅Repay your existing Loans with Smaller Durations ✅Additional Sources of Income

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