Sunday, June 23

Author: Nitish

The Truth Behind Saudi Arabia’s Alleged End of Petrodollar Deal with the US
USA

The Truth Behind Saudi Arabia’s Alleged End of Petrodollar Deal with the US

In recent weeks, rumors have swirled regarding the purported end of Saudi Arabia's petrodollar deal with the United States. Speculation surrounding this significant economic agreement has sparked debates and uncertainties across global financial markets. Despite the widespread chatter, the situation remains unconfirmed, leaving many to question the validity of these claims. The petrodollar system, established in the June 1974, solidified the US dollar as the primary currency for international oil trades. This arrangement has long been a cornerstone of global economics, shaping geopolitical dynamics and influencing market stability. Any potential shift in this arrangement could have far-reaching implications for both nations involved and the broader international community. While rep...
Top 5 Indian Stocks for Massive Growth in 2024
Market

Top 5 Indian Stocks for Massive Growth in 2024

Mumbai, 14th June 2024: In the dynamic landscape of the Indian stock market, identifying promising investment opportunities is crucial for investors seeking substantial growth potential. Here, we delve into five top Indian stocks that exhibit tremendous opportunities for future growth and could be valuable additions to your investment portfolio. Over the past five years, the Indian stock market has experienced significant growth. The benchmark indices Sensex and Nifty have shown remarkable performance during this period. For instance, the Sensex has surged from around 39,300 points in June 2019 to approximately 76,633 points in June 2024, reflecting a substantial increase of over 79%. Similarly, the Nifty index has displayed strong growth, rising from about 11,800 points in June 2019 t...
President Biden Plans to Triple Steel and Aluminum Tariffs on China
USA

President Biden Plans to Triple Steel and Aluminum Tariffs on China

Washington, 18th April 2024: In response to concerns raised by labor unions regarding the impact of cheap Chinese exports on the U.S. steel industry, President Joe Biden is set to triple tariffs on steel and aluminum imports from China. Biden, speaking to the United Steelworkers union in Pittsburgh, Pennsylvania, emphasized the need for action against what he called cheating by Chinese steel companies. He highlighted the damage caused by unfairly low-priced Chinese steel products in the American market. Biden's proposal to increase tariffs on steel and aluminum imports from China aligns with his efforts to support the U.S. steel industry and create manufacturing jobs. The move also aims to address China's heavy subsidization of its steel companies, which have been flooding global ma...
Microsoft launch Copilot – An AI Assistant for Office, Paint and Windows
Tech

Microsoft launch Copilot – An AI Assistant for Office, Paint and Windows

Microsoft, a leading tech player led by Satya Nadella launched AI assistant tool known as copilots for its various services. As per the information given by the Microsoft team, Copilot most used into making coding more efficient with GitHub, transforming productivity at work with Microsoft 365, redefining search with Bing and Edge and delivering contextual value that works across your apps and PC with Windows. The team say Copilot will be your everyday AI companion that incorporate the context and intelligence of the web, your work data and what you are doing in the moment on your PC to provide better assistance with your privacy and security at the forefront. The AI assistant tool will be available in Windows 11, Microsoft 365, and in our web browser with Edge and Bing. ...
Ayodhya based Pakka setting up $250 mn packaging paper plant in Guatemala
BUSINESS

Ayodhya based Pakka setting up $250 mn packaging paper plant in Guatemala

Ayodhya, 16th July 2023: Regenerative packaging solutions firm Pakka is setting up a 400 tonne per day bagasse-based packaging paper plant at an investment of USD 250 million (around Rs 2,065 crore) in sugarcane-rich Guatemala, South America. The company, began as Yash Papers in 1981, is also nearly doubling its capacity of the Ayodhya plant with around Rs 550 crore of investment from 130 tonne/day to 230 tonne/day. The Ayodhya-based company is into regenerative packaging solutions for the food packaging and serving segments. The paper-based food packaging industry or those making compostable packaging solutions, is highly fragmented and is led by Ecoware, Fomex, Dine Earth and Pakka, among others. "We have finalised a plan to set up a 400-tonne per say bagasse-based plant in ...
India’s First Drone Company ideaforge Technology IPO subscribed 13.27 times on Day 2
Market

India’s First Drone Company ideaforge Technology IPO subscribed 13.27 times on Day 2

28th July 2023, Bengaluru: The Indian drone maker company ideaforge Technology IPO was subscribed 13.27 times on the second day of share sale. The Rs 567.24 crore initial share sale received bids for 6,16,78,386 shares against 46,48,870 shares on offer, according to NSE data. The category for Retail Individual Investors (RIIs) received 36.36 times subscription, non-institutional investors quota got subscribed 21.59 times and Qualified Institutional Buyers (QIBs) portion 1.34 times. The Initial Public Offer (IPO) has a fresh issue of up to Rs 240 crore and an offer for sale of up to 4,869,712 equity shares. The IPO is in a price range of Rs 638-672 a share. The grey market is expecting the drone maker to list around Rs 1,217 (Rs 672 + Rs 545), which is 81.10 per cent higher than t...
Future of Automobile Industry & Key Trends
Automobile

Future of Automobile Industry & Key Trends

The future of automobile industry is expected to be shaped by several key trends and developments. Here are some significant aspects that could shape the industry in the coming years: Electric Vehicles (EVs): The shift toward electric vehicles is gaining momentum. Governments around the world are setting ambitious targets to reduce carbon emissions, and automakers are investing heavily in the development of electric cars. As battery technology improves, EVs are becoming more affordable, offering longer ranges, and charging infrastructure is expanding. This trend is likely to continue, leading to increased adoption of electric vehicles. Autonomous Vehicles (AVs): Self-driving cars are another major development in the automobile industry. Companies are investing in auton...
How to Invest your Money in Future?
BLOGS

How to Invest your Money in Future?

Investing your money in the future is a prudent strategy for building wealth and securing financial stability. While we can provide some general guidance, it's important to note that investing involves risk, and you should consider your own financial goals, risk tolerance, and seek advice from a financial professional before making any investment decisions. That being said, here are some principles to consider when investing money for the future: Diversify your investments: Spreading your investments across different asset classes (such as stocks, bonds, real estate, and commodities) can help mitigate risk. Diversification allows you to balance potential losses in one investment with gains in others. Invest for the long term: Investing is a long-term commitment, and it's g...
Leading Cyber Security Firm Safe Security Raises $50 Million Series B Round Funding
FUNDING

Leading Cyber Security Firm Safe Security Raises $50 Million Series B Round Funding

PALO ALTO, Calif.,18th April, 2023: Safe Security, the leader in AI-based cyber risk management SaaS platforms, today announced the close of a $50 million Series B round led by Sorenson Capital, with participation from Eight Roads, venture capital arm of Fidelity Investments, Telstra Ventures, WTI, and all existing investors. This round brings the company’s total funding to over $100 million. With the current macroeconomic climate, cybersecurity teams are re-evaluating their cybersecurity investments, which are flush with point solutions that do not provide holistic cyber risk visibility and points of attack exposure. Alongside this financial pressure, external cyber regulation and guidelines stemming from the White House and regulatory bodies, like the SEC and the National C...
LFP Battery: Future of Electric Vehicle
Automobile

LFP Battery: Future of Electric Vehicle

The battery manufacturing technology is rapidly evolving by the day to offer the features required to facilitate the shift to a more sustainable way of storing and using power. In this process of the development of new technologies, Lithium Iron Phosphate (LFP) is the one that is gaining popularity among consumers today. Recently, Tesla changed its battery chemistry and made a shift to LFP battery with an aim to increase vehicles efficiency and make them cheaper. Roughly speaking, affordable lithium-ion batteries typically have between 500 and 3000 life cycles. While premium Lithium Iron Phosphate LFP batteries can last anywhere from 3500 to over 4000 cycles. LFP batteries are manufactured by using lithium iron phosphate (LiFePO4) as the cathode material and a graphite carbon electr...
The Future of Australia’s Lithium Supplies
BLOGS

The Future of Australia’s Lithium Supplies

MELBOURNE, Australia, Jan. 06, 2023: Beginning lithium mining in 1983, Western Australia is now famously home to the largest lithium mine in the world. Over the years, as lithium has become a more valuable, in-demand metal, Australia has risen to the task of being the primary lithium supplier around the globe. But consumers are increasingly wondering whether there's a sustainable path forward for the lithium mining industry - It Matters to You, provider of auto recycling and cash for cars Melbourne-wide, reveals what the future may look like for the Australian lithium mining industry. Greenbushes, located just outside of Perth, Western Australia, currently supplies around 40 percent of Australia's lithium output - altogether, Australia produces approximately 50 percent of the world's l...
India Can Beat Global Recession
INDIA

India Can Beat Global Recession

Even though the US and the Euro zone are headed to recession, 1.5 billion people country India is unlikely to face the impact given the "not so coupled" nature of its economy with the global economy. "Indian economy is a lot decoupled from the global economy than we normally think of, given its large domestic demand, even though you (India) are a net importer of energy. But you have enough forex reserves on one hand and your companies have managed to maintain healthy balance sheets," Paul F Gruenwald, S&P global chief economist and managing director said. In fact, India was never coupled fully with the global economy and so is relatively independent of global markets, he said, adding that a lot depends on how global fund flows behave if there is a recession in the US and Europe....