Author: News Desk
Bitcoin’s Giant Leap into the Reserve Asset Category “The way to make money is to buy when blood is running in the streets”J.D.Rockefeller How true it is in these modern times, with war between Russia and Ukraine disrupting worldwide peace and financial reserves. Today, we discuss how valued currencies face crucial financial impacts from market volatility. Reserve assets are financial assets, such as gold and currencies, that can be readily transferable and are used to balance international transactions and payments. They must be readily available, physical, controlled by policymakers, and easily transferable. The U.S. dollar (USD) is widely considered to be the predominant reserve asset, and, because…
North India’s first space center was inaugurated in Jammu “Satish Dhawan Center for Space Sciences” was inaugurated by space minister Jitendra Singh at Central University of Jammu It is India’s 2nd space training institute after IIST of Thiruvananthapuram The upcoming space institute is being set up by Indian Space Research Organization (ISRO) and Central University of Jammu. 60 students will be taken in the course of BTech in “Aviation & Aeronautics” The selection criteria will be through IIT-JEE
zero emission Toyota Merai all set to hit Indian auto market Any motorheads out here? How about a motorhead with an inclination towards a carbon neutral world? Lucky for you, Toyota has launched India’s first hydrogen fuel cell powered electric vehicle Mirai. The hydrogen powered sedan has been introduced in the country as a part of pilot project that is being conducted by international center for automated Technology ICAT along with Toyota Kirloskar motor Private Limited to study and evaluate the Toyota Mirai on Indian roads and climate condition. Wearing one of Toyota’s most beautiful designs, the 2022 Mirai sedan looks like it rolled straight out of a future where…
BMW Group transforming its identity with sustainable mobility The company plans to launch 15 pure electric cars in 2022 This includes existing models like the BMW i4, BMW iX and MINI SE Also includes high-volume BMW model series: the BMW 3 Series and BMW 5 Series, the BMW X1 and the BMW X3 The company is preparing for a technology leap with its Neue Klasse Soon, fully-electric vehicles could make up 50 % of the company’s global sales By 2025, the company plans to sell around a quarter of its vehicles entirely online A small series of the BMW iX5…
Tata Digital in negotiations with ICICI Bank to power its UPI infrastructure platform in India Tata Group seeking clearance from National Payments Corporation of India (NCPI) as third Party Application Providers (TPAP) to offer its own (UPI)-based digital payments service Top digital payment apps, such as Google Pay, PhonePe, Amazon Pay and Paytm, may soon have a new competitor Tata’s enhanced e-commerce experience reported to go live next month Tata plans on launching super app Tata Neu providing easy access to all tata services
Can you imagine a plane running on liquid sunlight? Lufthansa group has formed an Alliance with synhelion, a company that has mastered the way to use solar energy to convert CO2 into synthetic fuel called syngas. But What is syngas? It is a liquid fuel with the same properties as fossil fuels, but it is produced artificially. The genius of it is that they contain less impurities than fossil fuels which means that they emit less noxious gases when they burn. And its manufacturers say it can be used as a replacement fuel in almost all types of transportation, including…
Air India (AI) is flying through turbulence! It is not about a particular flight. Air India has been facing a series of strikes recently. Do you know the reason for it? Channel IM brings you the crux of the hot and happening! Privatised carrier Air India is currently in the midst of its first labour strike as about 1,700 aircraft maintenance technicians working with a government-owned engineering company that handles maintenance and repair jobs for the airline went for an indefinite ‘tools down agitation’ on Tuesday. In January, the technicians had called for agitation after writing to the AIESL management,…
India’s first electric highway between Delhi and Jaipur is my dream: Gadkari Union Minister Nitin Gadkari said making India’s first electric highway between Delhi and Jaipur is his dream The government received 47 proposals to set up ropeway cables in Manipur, Sikkim, Uttarakhand, Himachal Pradesh and Kashmir The Road Transport and Highways Minister said his Ministry’s budget is good, and the market is ready to support it Finance Minister Nirmala Sitharaman in the Budget for 2022-23 has allocated ₹1.99 lakh crore for the Road Transport and Highways Ministry Of this, ₹1.34 lakh crore will be allocated to the National Highways…
Russia Ukraine war cast gloom over economy The pandemic’s impact on major economies has been four times worse than that of the 2008 global financial crisis. Fiscal and monetary stimulus in wealthier countries has made things worse for low-income countries The pandemic’s impact on major economies has so far been four times worse than that of the 2008 global financial crisis. In the second quarter of 2020, US GDP fell by 9.1% compared to the previous three months, dwarfing the 2% quarterly contraction in the same period in 2009. The eurozone economy fared even worse, shrinking by 11.8%. Many developing…
India’s unique geography, geology together with its vast climatic diversity make it prone to climate change. As part of its endeavour to accomplish sustainable development goals, India has made strides towards a low-carbon economy with ambitious targets such as 175 GW of renewable energy capacity by the year 2022. Such targets warrant massive capital funding. Green Bonds are a debt instrument issued by companies, countries and multilateral organisations to exclusively fund projects that have positive environmental or climate benefits and provide investors with fixed income payments. The projects can include renewable energy, clean transportation and green buildings, among others. Recently, the finance minister in…