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The UK Is Betting on a Billion-Dollar AI...

The UK Is Betting on a Billion-Dollar AI Supercomputer to Kick Its Addictio...

The UK Is Betting on a Billion-Dollar AI Supercomputer to Kick Its Addiction to US Tech ## Britain Invests Heavily in National AI Computing Power to Foster Domestic Semiconductor Innovation **London, UK** – The United Kingdom is embarking on an ambitious, multi-billion-pound initiative to... read more »

United CEO brushes off airline mergers a...

United CEO brushes off airline mergers after American rejection: 'Ther...

United CEO brushes off airline mergers after American rejection: 'There's nothing' ## United Airlines CEO Signals End to Major Consolidation Era **Chicago, IL** – United Airlines CEO Scott Kirby has effectively signaled a pause, if not a definitive halt, to the era of significant... read more »

Weight loss drug maker sinks 23% after n...

Weight loss drug maker sinks 23% after new safety data spooks investors

Weight loss drug maker sinks 23% after new safety data spooks investors ## Pharmaceutical Firm Faces Investor Scrutiny as Experimental Weight-Loss Drug Shows Mixed Signals **[City, State] – [Date]** – Shares of [Pharmaceutical Company Name], a biopharmaceutical firm focused on metabolic health,... read more »

In a move that is likely to have a spiralling impact on the cost of travel for the common man, public transport and other related areas, Indraprastha Gas Limited (IGL) on Thursday announced a steep hike of Rs. 4.50 paise per Kg in the price of compressed natural gas (CNG), the second successive hike in three months. In a related move that could hurt the household budgets, IGL also hiked the price of cooking piped gas to kitchens by Rs. 5.15 per Kg with effect from Thursday midnight. Under the new pricing regime, CNG will cost Rs. 50.10 per Kg in Delhi and Rs. 56.70 per Kg in Noida, Greater Noida and Ghaziabad, IGL said in a statement in New Delhi. The price of piped natural gas (PNG) to the households in Delhi is being revised from Rs. 27.50 per standard cubic metre to Rs. 29.50 per scm up to consumption of 30 scm in two months. Beyond consumption of 30 scm in two months, the applicable rate in Delhi would be Rs. 52 per scm. Due to differential tax structure in Uttar Pradesh, the applicable price of domestic PNG to households in Noida, Greater Noida and Ghaziabad would be Rs. 31 per scm up to consumption of 30 scm in two months, which has been increased from existing Rs. 29 per scm. Beyond consumption of 30 scm in two months, the rate applicable in these cities would be Rs. 54 per scm. CNG price was last revised in September when it was hiked by a hefty Rs. 3.70 per kg. Price of CNG sold to automobiles in Delhi then increased from Rs. 41.90 to Rs. 45.60 per kg. Also at that time, the price of piped cooking gas, called PNG, for households has been hiked from Rs. 24.50 per scm to Rs. 27.50 per scm. The statement said the increase was primarily due to increase in input cost as a result of reallocation of domestically produced gas quantities by the government for all city gas distribution companies across the country. “There has been a reduction in allocation of APM gas to us, which is forcing us to source more quantity of market priced imported R-LNG, whose prices are currently on an upswing. This has affected our overall input cost by over 13 per cent. There has also been an increase in the operating expenses including increase in minimum wages announced by the government with effect from October 2013,” the statement added. Government reallocated domestic gas allocations to all city gas distribution companies across the country as a fall out of a recent court order. All the earlier gas allocations had been cancelled and the revised allocations now also include PMT gas, which is priced higher than APM gas. “In terms of volume, there has been nearly 5 per cent decrease in the overall quantity of domestic gas allocated to IGL for Delhi, Noida, Greater Noida and Ghaziabad. The reduction in allocation as well as increase in demand is forcing IGL to source much higher priced imported R-LNG. The prices of R-LNG have been on the rise recently and therefore, new R-LNG quantities are available in the market at much higher prices than the existing ones,” the company said. However, the company said the increase would not have a major impact on the per km running cost of vehicles. For autos, the increase would be 13 paise per km, for taxi it would be 22 paisa per Km and in case of buses, the increase would be Rs. 1.30 per km, which translates to just over two paisa per passenger-kilometre.
Household worries over finances hit high...

Household worries over finances hit highest level since July 2022, New York...

Household worries over finances hit highest level since July 2022, New York Fed survey shows **Consumer Financial Sentiment Dips to 19-Month Low Amid Persistent Economic Concerns** New York, NY – A significant uptick in household financial anxieties has pushed consumer sentiment regarding... read more »

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Economy

Report on the Indian Union Budget 2024

The Union Budget 2024-25, presented by Finance Minister Nirmala Sitharaman on July 23, 2024, marks a significant milestone in India’s economic journey. This budget, the first during Prime Minister... read more »

Tim Cook Invests In Crypto But Don’t Expect ...

Tim Cook revealed that he personally invests in cryptocurrency, but that he has no plans to invest Apple’s cash in the asset. Apple Inc. chief... read more »

How is Taxable Income Calculated – Know Income Ta...

How is Taxable Income Calculated – Know Income Tax Slab Based

All individuals and entities in India, having a taxable income, are required to pay taxes to the Income Tax Department and file their income tax returns. If... read more »

Indian Private Limited Company Incorporation Process vi...

As part of Government of India’s Ease of Doing Business (EODB) initiatives, the Ministry of Corporate Affairs introduced a web based incorporation service... read more »

Charging Interest for the 3-month Moratorium period on ...

Do you have a bank loan like I do? Because of this Coronavirus lockdown, the RBI announced a 3-month freeze on EMIs on all loans till May 31st. But the catch... read more »

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Investing

Claim Settlement of Life Insurance Companies – Everything Y...

We live in a country where there is no social security cover. Therefore, purchasing a life insurance plan becomes the only option for securing your family’s future financial security. The primary... read more »

Review Your Health Insurance Policy Before It’s To...

‘Change’ is the basic nature of life, as it keeps changing. With a change in everything, our insurance requirements also keep changing through... read more »

Here’s What Your Partner Expects from You (But Do...

Relationships are difficult – we all know that. More so in today’s environment, when society in India is undergoing a major change; youngsters work away... read more »

Why TRON (TRX) is getting global attention in 2018 ?

Launched in September 2017, TRON (or TRX) is among the newly introduced cryptocurrencies in the market today. Since the test net launch of this cryptocurrency,... read more »

Retirement Planning Lessons from Cricket

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Have you felt the adrenaline rush when the Indian cricket team is a few minutes away from victory, or the excitement when the team wins the match? Although you... read more »

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Gold & Metals

Gold, silver prices rise on brisk buying, global cues

Gold recovers on wedding season demand

Gold prices on Monday recovered by Rs 70 to trade at Rs 27,700 per ten gram at the bullion market, largely supported by wedding season demand from jewellers and retailers amidst a firming global... read more »

Gold demand up 2% in Dec quarter, down 15% in 2014

MUMBAI, FEB 12: Gold demand in the December quarter was up two per cent at 223 tonnes, largely due to pent up demand from jewellers during the... read more »

Swiss gold exports to India cross Rs 1.2 lakh crore

Switzerland’s gold exports to India crossed Rs 1.2 lakh crore in 2014 even as concerns persist over bullion being used to channel illicit funds into the... read more »

Gold Prices Fall as Traders Lock In Gains

Gold And Silver : 2014

Gold prices retreated from five-month highs as some investors locked in profits ahead of the weekend. The most actively traded gold contract, for February... read more »

PRECIOUS-Gold rebounds to 5-month high after ECB launch...

Gold turned higher and touched a five-month high above $1,300 per ounce on Thursday, after the European Central Bank (ECB) launched a multi-billion euro... read more »

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Chinese EVs may hit U.S. within a few years, one way or another

Chinese EVs may hit U.S. within a few years, one way or another ### **Chinese Automakers Poised for U.S. Market Entry Amidst Regulatory and Industry Hurdles** **Washington D.C.** – The... read more »

Here are 3 forces that drove a whirlwind week for the stock market

Here are 3 forces that drove a whirlwind week for the stock market ### Market Experiences Sharp Reversal as Momentum Falters **New York, NY** – The equity markets endured a tumultuous... read more »

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U.S. confirms second Texas screwworm case, Canada restricts livestock imports ## Livestock Health Alert: Second Texas Case of New World Screwworm Confirmed, Border Restrictions... read more »

Pakistan claims nuclear facilities safe from cyber, other threats for 40 years

Iran's threats against this Red Sea choke point are a big vulnerability for the oil m...

Iran's threats against this Red Sea choke point are a big vulnerability for the oil market **Strategic Strait Under Threat: Potential Disruption in Bab el-Mandeb Poses Significant Risk... read more »

Social media bans on teens risk strengthening Big Tech's gri...

Social media bans on teens risk strengthening Big Tech's grip on the sector, Bluesky exec warns **Regulatory Measures Against Teen Social Media Use Could Consolidate Dominance of Tech Giants,... read more »

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