Digital adoption in sustainability initiatives underleveraged in India: Autodesk

While government-led sustainability initiatives have picked up pace in India, digital adoption as an important adjunct to sustainability is being significantly reduced in the country, according to a new report from Autodesk, Frost & Sullivan. “Increasing compliance requirements for mandates and regulations related to energy consumption and emission reduction requires the increased monitoring, measurement, reporting … Read more

US to auction to sell 32 million barrels of crude oil from 4 SPR sites

The US Department of Energy said the US launched an auction of 32 million barrels of crude from four Strategic Petroleum Reserve (SPR) sites between late December and April 2022. The sale of SPR oil, which is primarily blended crude, is expected to drive down the value of US crude Mars and benefit buyers in … Read more

India, US reach settlement on 2% equalisation levy on e-comm operators

The government said both India and the United States have reached a settlement on the issue of a 2 percent equivalent tax, also known as a “Google tax”, which the state levies on e-commerce operators. The settlement was reached by agreeing to the framework under the Unilateral Action Settlement, which countries such as the United … Read more

ICC T20I rankings: KL Rahul gains a slot to fourth, Suryakumar jumps 24 places

India’s opener KL Rahul secured a spot to finish fifth while middle-ranked hitter Suryakumar Yadav finished 24th to finish 59th in the ICC players’ T20I rankings released on Wednesday. Pakistani wicket batsman Muhammad Rizwan also got a slot to finish fourth. Rookie Rizwan advanced thanks to a 90-round run in the three-match series against Bangladesh … Read more

‘Tariff hike may hit marketshare of Vodafone Idea, Airtel’

According to experts, the increase in average revenue per user (ARPU) due to tariff increases by Bharti Airtel and Vodafone Idea, could be affected by market loss and shrinking subscriber base. “Operators have influenced tariff increases via prepaid plans, but a significant increase in 2G base plans may lead to some slippage in subscribers. A … Read more

Oil prices rise on news that OPEC+ could reassess output

Oil prices rose on Monday, rebounding from recent losses, on reports that OPEC + may adjust its plans to increase oil production if large consuming countries release crude oil from their reserves or if the Corona virus pandemic leads to a dent in demand. Brent crude futures rose 97 cents, or 1.2 percent, to $79.86 … Read more

Investors bet big on SIPs; inflows at ₹67,000 crore in Apr-Oct FY22

Inflows into the mutual fund industry through Regular Investment Plans or SIPs reached nearly ₹67,000 crore in the first seven months of the current financial year, indicating the growing popularity of the investment route among retail investors. This comes after ₹96,080 crore flowed through the road in 2020-21, data from the Association of Mutual Funds … Read more

Anti-virals, a shot of optimism to Covid treatments

Will we get pills to treat the Corona virus? There is no magic solution yet to treat SARS-CoV-2, the virus that causes Covid-19. But there is a lot of optimism at the moment about two antiviral pills showing promising results in treating COVID-19, and they are in various stages of regulatory reviews and approvals around … Read more