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Gold returned 11% CAGR in last 20 years

Nov 8, 2023

New Delhi, Nov 8 (IANS) A study shows that on an average, gold has returned 11 per cent CAGR in the last 20 years.Gold is an efficient asset class that provides safety and acts as an efficient hedge against inflation, hence it is better to invest in a portfolio that includes gold, says a study conducted by Windmill Capital, a wholly owned…

UK seeks customs duty cut on electric cars in free-trade talks with India

Nov 8, 2023

New Delhi, Nov 8 (IANS) The UK is pushing for a cut in customs duty on electric vehicles in the ongoing negotiations for signing a free-trade deal with India, a senior official confirmed. At present there is a customs duty of 60 per cent…

Business

Global EV battery sales up 54% in 1st half of 2023, China’s CATL leads

Nov 8, 2023

New Delhi, Nov 8 (IANS) The global EV battery sales soared 54 per cent in the first half of this year to reach over 300 gigawatt (GWh), a new report showed on Wednesday. Chinese battery player CATL led the EV battery market, with BYD and LG…

Business

PM Modi hails surge in India’s patent applications

Nov 8, 2023

New Delhi, Nov 8 (IANS) Prime Minister Narendra Modi on Wednesday welcomed the rise in patent applications in India which reflected the surge in the innovations taking place in the country.He also shared a link to the WIPO post, which said…

Business

AI to drive medical devices industry to $1.2 bn in 2027: Report

Nov 8, 2023

New Delhi, Nov 8 (IANS) The global market for Artificial Intelligence (AI) in the medical devices industry is set to grow at a compound annual growth rate (CAGR) of 29.1 per cent from $336 million in 2023 to $1.2 billion in 2027, according…

Business

Fossil fuel addiction still gripping many nations: Report

Nov 8, 2023

New Delhi, Nov 8 (IANS) A new report published on Wednesday finds that governments plan to produce around 110 per cent more fossil fuels in 2030 than would be consistent with limiting warming to 1.5 degrees Celsius, and 69 per cent more…

Business

JioPhone Prima 4G keypad phone now goes on sale at Rs 2,599

Nov 8, 2023

New Delhi, Nov 8 (IANS) Reliance Jio's 4G keypad smartphone 'JioPhone Prima' is now available to purchase at Rs 2,599 in the country. Users can buy the phone at key retail stores and online platforms like Reliance Digital, JioMart &…

Business

Philanthropist organisations in India raising crescendo on battling climate change

Nov 8, 2023

New Delhi, Nov 8 (IANS) Philanthropy initiatives have always hogged the limelight due to its inherent nature. From mind-boggling grants to funding ventures aimed at eradicating long-running ills of society, philanthropy activities over the…

Business

Info Edge lost Rs 532 cr from its investment in Rahul Yadav’s 4B Networks: Report

Nov 8, 2023

New Delhi, Nov 8 (IANS) Tech and Internet company Info Edge lost around Rs 532 crore after writing off its investment in Rahul Bhoopsingh Yadav’s Broker Network (4B Networks Private Limited), according to reports.While Info Edge’s cash…

Business

IBM launches $500 mn venture fund to invest in range of AI firms

Nov 8, 2023

New Delhi, Nov 8 (IANS) IT major IBM on Wednesday announced that it is launching a $500 million venture fund to invest in a range of artificial intelligence (AI) companies -- from early-stage to hyper-growth startups -- focused on…

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