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Which are the hottest names in the crypto space this year?
July 08, 2021 07:33 AM BST| By Furquan MoharkanCryptocurrencies have been selling like hot cakes this year. It has been one of the most talked-about asset classes, of late. From Tesla Inc (NASDAQ:TSLA) CEO Elon Musk-backed rally of the meme cryptocurrency – Dogecoin, to the controversy surr...
What’s fuelling the global microchip shortage and what are its ramifications?
July 08, 2021 04:20 AM BST| By Team Kalkine MediaSummary Microchips are used in almost all electronic devices, automobiles, and portable products. The demand for microchips has surged to record high levels. Chip shortage is one of the main reasons for the delay in the deliveries of vehicles .....
Resignations galore as India’s Modi rejigs Cabinet
July 08, 2021 02:26 AM BST| By Furquan MoharkanAs many as 13 ministers of the current Indian government resigned on Wednesday, as the country’s Prime Minister Narendra Modi went for a reshuffle of his cabinet – a move which many see as a bid to set the house in order with an eye on up...
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US markets edge higher, lifted by real estate, healthcare stocks
July 07, 2021 10:55 PM BST| By Sanjeeb BaruahBenchmark US indices closed higher on Wednesday, July 7, pulled up by gains in real estate and healthcare stocks after the Fed held its first discussion on the bond purchase, accepting that inflation has been a cause of worry but deciding to keep the...
Who is the new CEO of Amazon after Bezos?
July 07, 2021 11:08 AM BST| By Kamalika GhoshSummary Andy Jassy, who has spent 24 years at Amazon, will be Jeff Bezos successor. Before stepping into Bezos’ shoes, Jassy was the CEO of Amazon Web Services. US multinational technology and e-commerce giant Amazon recently got a n.....
Wise to go public via direct listing: All you need to know about the process
July 07, 2021 10:03 AM BST| By Furquan MoharkanOn 2 July 2021, the UK-based fintech company Wise PLC approved the plan to get listed on 7 July 2021. The company’s prospectus said, “Application has been made to the FCA for all of the Class A Shares to be admitted to the standard listi...
From online bookseller to world’s richest man: Amazon’s Jeff Bezos hangs up his boots
July 07, 2021 05:45 AM BST| By Furquan MoharkanIn 2014, Amazon founder Jeff Bezos visited the South Indian city of Bengaluru – popularly known as Silicon Valley of India – owing its reputation for acumen towards tech innovations. It was the time when India’s domestic e-tailer Fl...
US indices slip after last week's record closes
July 06, 2021 10:20 PM BST| By Sanjeeb BaruahBenchmark US indices edged lower on Tuesday, July 6, after several record consecutive closes last week as investors looked for global cues and turned their focus on economy-linked value stocks. The S&P 500 was down 0.20% to 4,343.54. The Dow Jon...
Will crude oil touch US$100 a barrel? All you need to know about oil prices
July 06, 2021 08:35 AM BST| By Furquan MoharkanFortunes do turn around. And at times, they turn around fast. Nothing exemplifies it better than crude oil prices. A year ago, crude oil prices were at the historical lows. The prices of brent crude oil were hovering near the zero level, while the We...
From India’s girl next door to IMF chief economist: The journey of Gita Gopinath
July 06, 2021 02:17 AM BST| By Furquan MoharkanDays before the US Independence Day, on 2 July 2021, International Monetary Fund (IMF) Chief Economist Gita Gopinath was among the 34 immigrants honoured by a prestigious American foundation Carnegie Corporation – as a person "who has enriched...
Done with recession? What are the different kinds of economic recoveries?
July 05, 2021 07:52 AM BST| By Furquan MoharkanThe COVID-19 pandemic and the subsequent bouts of lockdowns imposed to counter it, triggered one of the most severe recessions in the history of the world economy. As consumption across the globe fell drastically, so did the employment levels. The w...
Chinese suspension of Didi app weighs on APAC markets
July 05, 2021 06:26 AM BST| By Furquan MoharkanThe equity markets in Asia Pacific (APAC) region started the week on a mixed note as investors eagerly awaited the outcome of the OPEC+ meeting. The markets in APAC were also hit after China suspended Softbank-backed Didi app from play stores allegin...
India’s youngest telco is making it big globally
July 05, 2021 02:57 AM BST| By Furquan MoharkanIn mid-2016, the Indian telecom sector was taken by storm as Reliance Industries Ltd (RIL) had launched its telecom service nationwide, and the charges were cheap, rather very cheap. To add to it, the company, using its well-established infrastructur...
Semiconductor chips shortages impact June’s sales figure of Ford Motors
July 04, 2021 09:16 AM BST| By Nitish KumarSummary Ford Motor reported sales of 475,327 vehicles during the June quarter, up by 9.6% from PCP. The U.S automaker had set a sales target of 519,007 vehicles for the second quarter. The global semiconductor chip shortage led to significant .....
‘Fire in the Ocean’- a major fire breakout in GOM after an underwater pipeline leak
July 04, 2021 09:05 AM BST| By Nitish KumarSummary An ‘eye of fire’ video goes viral on social media, arouses creativity among the memers who spewed hundreds of memes within a few hours. Gas leakage in the underwater pipeline of PEMEX leads to a massive fire on the ocean wat.....
After Colonial, Another U.S Tech giant hit by ransomware; Kaseya forced to shut
July 04, 2021 06:50 AM BST| By Nitish KumarSummary On Saturday, the world witnessed one of the largest cyber-attacks on a U.S tech service provider. The U.S service provider Kaseya was hit by ransomware which infected the desktop management system of the company. Kaseya in its statemen.....
Emotional health is paramount to your overall happiness: Here’s why
July 04, 2021 03:15 AM BST| By Team Kalkine MediaSummary Symptoms of emotional health crisis may include sleep disorders, avoidance of friends and family, conflicts in relationships, substance abuse, and eating disorders. Thus, mental illness is closely tied to an individual’s emotional.....
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Why UN thinks blockchain technology can help fight climate change?
July 04, 2021 02:10 AM BST| By Team Kalkine MediaSummary Recognizing its immense disruptive potential and benefits to society in a recent article, the UN revealed how blockchain helped the organization fast-track delivery of emergency funds. Blockchain can expedite climate action in three way.....
US stocks close higher on June employment data
July 02, 2021 10:28 PM BST| By Sanjeeb BaruahAll major US stock markets closed the week on a positive note on Friday, July 2, as investor sentiments were boosted by the Labor Department’s June employment data. The S&P 500 was up 0.75% to 4,352.34. The Dow Jones gained 0.44% to 34,786...
How is AI lifting mental well- being?
July 02, 2021 03:15 PM BST| By Team Kalkine MediaSummary Artificial Intelligence has become the buzzword in all facets of life. Its use in the fitness space is increasing day by day. It is not just helping track physical fitness but uses for mental well-being are also getting explored....
