BUSINESS
15 mn Bitcoin stagnant in past 6 months amid crypto winter
According to an analysis by CryptoMonday.de, Bitcoin "hodlers" are becoming increasingly popular, with investors looking to hold onto their BTC longer. Hodlers are long-term holders of a cryptocurrency, who buy and hold regardless of price. Stagnant BTC supply since 2010 has slowly increased over the years, with a few exceptions in 2018 and late 2021.
MG Motor announces Next-Gen Hector
The company said that the Next-Gen Hector has a host of exciting technologies and 11 Autonomous Level 2 (ADAS) features that offer hassle-free driving comfort with enhanced safety. "With its all-new striking bold exterior and evolved safety feature s, and elegant design elements
Chinese electric carmaker BYD India to launch luxury sedan in 2023's last quarter
The Chinese electric car maker also claimed that BYD Seal has a range of up to 700 km on a single charge. With the unveiling of the electric luxury sedan BYD Seal, and the launch of the limited edition of BYD ATTO 3, Blade Battery, and the e-Platform 3.0
Exim Bank raises $1bn issuing sustainability bonds
According to the Exim Bank, the net proceeds of Sustainability Bond will be used towards eligible projects under the Bank's ESG Framework, including renewable energy; clean transportation; access to essential services and basic infrastructure; affordable housing; and sustainable water and wastewater management.
World Bank slashes Pakistan's GDP growth in half
According to a WB's latest Global Economics Prospects report, the 2022 devastating floods and slowdown in global growth have contributed to what it termed as "sharp, long-lasting slowdown". Due to the global growth frozen at only 1.7 per cent this year
SWITCH Mobility unveils new EVs at Auto Expo 2023
"As SWITCH continues to grow, we will continue to excite the electric commercial vehicle (CV) market with innovative and intelligent offerings, expanding into new regions in line with the company's global strategy," Dheeraj Hinduja, Executive Chairman -- SWITCH Mobility, said in a statement.
Auto Expo 2023: Hyundai launches Ioniq 5 EV
The introductory price of Ioniq 5 is Rs 44.95 lakhs (ex-showroom) and will be available in 3 colour options -- White, Black and an exclusive Matte Silver. Unsoo Kim, Hyundai Motor India MD and CEO, while launching the model said that the EV represents the company's shift towards future mobility with tenets that encapsulate intelligent technology, innovation and sustainability.
Modi govt's final full budget to focus on welfare spending, reduction of subsidies, 'Make in India'
The Indian Union budget will be presented on February 1 as the final full-year budget under the current administration before the national elections in mid-2024. This comes at a time when the government is trying to weigh expenditure priorities around
Global oil inventories expected to grow, prices to drop in next 2 yrs: EIA
The report forecast that global production of liquid fuels will reach an average of 102.8 million barrels per day (b/d) in 2024, up from 100 million b/d in 2022, driven by large growth in non-OPEC production, reports Xinhua news agency. However, uncertainty over Russia's oil supply will persist, particularly in early 2023, the report noted, expecting global consumption of liquid fuels will rise from an average of 99.4 million b/d in 2022 to 102.2 million b/d in 2024.
Bharti Airtel falls more than 4% after JP Morgan downgrade
JP Morgan said it recently downgraded Bharti from OW to UW with a new price target of Rs 710. "Our downgrade thesis is driven by three main factors: We don't expect any tariff hikes to come through in CY23 given the focus of both Jio and Bharti on rolling out 5G services.
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