BUSINESS
Two Indian-American start-ups likely to be next unicorns: Report
The list includes Alchemy, co-founded by Nikil Viswanathan and Joseph Lau. It also featured Legion Technologies, founded by Sanish Mondkar. Alchemy makes it easier to read and write information onto blockchains, such as Ethereum and Flow, reports Forbes Africa. The service starts free for smaller developers, but larger customers pay a monthly fee.
Equity indices recover on European cues; realty stocks rise
During the initial trading hours, both the indices opened flat but rose thereafter only to cede all their gains. Nevertheless, the key indices have witnessed a recovery. Globally, Asian markets dipped from opening levels as fresh worries about China's property sector weighed on investors' sentiments post a good opening following gains on the wall street.
'COP26 should be for delivery of concrete actions on finance, technology transfer'
"Even India's climate actions have so far been largely financed from domestic resources. Maximum share of India's current climate finance comes from budgetary sources. A substantial scaling up of the climate action plans would require greater resources," Union Minister for Environment, Forests and Climate Change, Bhupender Yadav said at the Middle East Green Initiative Summit 2021 at Riyadh in Saudi Arabia.
New Asian gas projects create $379 bn stranded asset risk: Report
The gas build-out undermines pledges by several Asian countries to achieve net zero emissions as part of a transition to renewables by mid-century, and it is occurring despite a June 2021 warning by the International Energy Agency that achieving net zero globally depends on halting all future fossil fuel development.
NSE registered investor base crosses 5 cr unique investors
According to the NSE, while the journey from three crore registered investors to four crore took about 15 months, the next one crore registrations took less than seven months. "The journey from 4 crore unique investors to 5 crore unique investors took about 203 days, with north Indian states contributing to 36 per cent of new investor registrations, followed by western India with 31 per cent, southern India states and eastern India states accounting for 20 per cent and 13 per cent of new investor registrations, respectively," the NSE said in a statement.
Big fossil fuel companies' claim of carbon neutral products nothing but greenwashing
The new investigation 'Net-zero pipe dreams: Why fossil fuels cannot be carbon neutral' explores the troubling new trend of so-called carbon-neutral fossil fuels. It is brought out by Carbon Market Watch, a not-for-profit association with expertise in carbon pricing and a track record of policy work in international organisations and in the European Union.
Elon Musk-run Tesla hits $1 trillion market cap for first time
Its stock soared to a new record high after it crossed $950 during the trading -- up more than 9 per cent. The rally came after the US-based rental car company Hertz on Monday said it has ordered 100,000 Tesla vehicles (worth at least $4.2 billion) by the end of 2022 as part of an ambitious plan to electrify its fleet.
Amazon to start Alexa-based programme for hospitals, senior care
"Early on in the pandemic, hospitals and senior living communities reached out to us and asked us to help them set up Alexa and voice in their communities," Liron Torres, global leader for Alexa Smart Properties, was quoted as saying in an interview. The programme will allow senior living facilities to use Amazon Echo devices to send announcements or other messages to residents' rooms.
Pakistan rupee hits new fresh low as uncertainty looms over IMF talks
The Pakistan rupee has maintained the downtrend for the past five months. It has lost 14.55 per cent to date compared to the 22-month high of Rs 152.27 recorded in May. With a fresh decline of 0.25 per cent, the rupee has depreciated 10.72 per cent (or Rs 16.89) since the start of the current fiscal year on July 1, 2021, data released by the central bank revealed.
Hotel body seeks SEBI's intervention to suspend Oyo's IPO, reject DHRP
In the letter, the FHRAI has claimed that Oravel Stays, the parent company of Oyo, has misrepresented in the draft prospectus and is resorting to unfair, anti-competitive and fraudulent dealings and business practices, which include entering into anti-competitive agreements as well as abusing its dominant position.
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