In retaliation for Western sanctions over the Ukraine conflict, Russia has halted natural gas supplies to a Gazprom business seized by Germany. According to German Economy Minister Robert Habeck, Gazprom Germania GmbH and its subsidiaries are no longer receiving all contracted volumes. He claims that Europe’s greatest economy and a major importer of Russian gas […]
Canara Bank, a public sector lender, wants to invest Rs 1,000 crore in a digital banking ecosystem, including a super-app, over the next three years. Next month, the Bengaluru-based bank will reveal its super app (which has yet to be named). According to K Satyanarayana Raju, managing director of Canara Bank, this would entail upgrading […]
India has donated USD 800,000 to the United Nations as part of an endeavor to improve the organization’s Hindi public outreach. R Ravindra, India’s Deputy Permanent Representative to the United Nations, presented a check for a UN project initiated by India in 2018 to spread UN information to the Hindi-speaking population around the world. In […]
Throughout the night, Severe Cyclonic Storm Asani proceeded west-northwestwards at a pace of 5 mph across west-central and adjacent southwest Bay of Bengal, bringing severe rains to parts of the Andhra Pradesh coast. It was about 300 kilometers southeast of Kakinada (Andhra Pradesh), 330 kilometers south-southeast of Visakhapatnam (Andhra Pradesh), 510 kilometers south-southwest of Gopalpur […]
According to Union Health Ministry data published on Monday, India recorded 3,207 new coronavirus infections, bringing the overall number of COVID-19 cases to 4,31,05,401, while active cases fell to 20,403. The death toll has risen to 5,24,093 with 29 more fatalities, according to figures updated at 8 a.m. According to the government, active cases account […]
Uber reported a net loss of $5.9 billion owing to unrealized losses from holdings in Didi Global, Grab Holdings, and Aurora Innovation, but provided a good earnings projection for the current period. It indicated that the firm intends to capitalize on strong ride demand without jeopardizing earnings by focusing on product upgrades rather than incentives […]
Oil prices rises on Thursday, extending gains from the previous session, as a European Union plan for more penalties against Russia, including a six-month oil embargo, countered concerns over Chinese demand. By 0209 GMT, Brent crude futures had risen 35 cents, or 0.3 percent, to $110.49 a barrel, while West Texas Intermediate crude futures had […]
Oil prices jumped at the start of Asian trading on Wednesday, despite fears about slowing demand from top importer China, after industry reports revealed drawdowns in U.S. crude and fuel stockpiles, heightening supply concerns and offsetting concerns about slowing demand from China. By 0223 GMT, Brent crude futures had risen 89 cents, or 0.9 […]
On Tuesday, the price of ten grammes of 24-carat gold fell by Rs 1,280 to Rs 51,510, while the price of one kilogramme of silver fell by Rs 800 to Rs 62,700 per kilogramme. According to the Goodreturns website, the price of 10 grammes of 22-carat gold has dropped by Rs 1,190, and the precious […]
According to figures from the electricity ministry, power consumption in the country increased 13.6% year on year to 132.98 billion units (BU) in April, indicating the impact of the early start of summer and a surge in economic activity. In April of last year, power consumption was 117.08 BU, which was greater than 84.55 BU […]