Oil edges higher ahead of inflation data after downbeat week
By Natalie Grover LONDON (Reuters) -Oil prices perked up in muted trade owing to public holidays in Britain and United States after a downbeat week characterised by the outlook for
Commodities
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Commodities
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Texas daily power demand sets record for May consumption
(Reuters) – Daily power consumption in Texas set a record for the month of May on Sunday, the state grid operator said, for the fourth time this month, as homes
Commodities
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Oil posts weekly loss as interest rate policy spurs fuel demand worries
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose about 1% on Friday, but fell for the week on worries that strong U.S. economic data would keep interest rates elevated for
Cryptocurrency
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European Blockchain Body Tells EU to Prepare for AI and Web3 Merging, CBDCs Emergence
The EUBOF has predicted that because blockchain networks offer interoperability, sustainability, and energy efficient tech solutions – it will see adoption. The EUBOF is an initiative launched by the European
Economy
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Import duty on wheat may be cut
Govt wary of depleting stocks The government may reduce import duty on wheat after six years to boost domestic supplies so that it would not have to dip into the
Economy
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Capex spending of oil & gas PSUs at Rs 6,669 cr in April
The company’s capital expenditure target for FY25 is lower than Rs 37,000 crore it spent in FY24. Indian oil and gas public sector companies have spent over Rs 6,669 crore
Economy
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S&P upgrades India’s rating outlook to positive from stable, on robust growth, improved govt spending
“The positive outlook reflects our view that continued policy stability, deepening economic reforms, and high infrastructure investment will sustain long-term growth prospects,” S&P said. Rating firm S&P Global Ratings on
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Technology
Arm offers new designs, software for AI on smartphones
For the new products, Arm worked with Samsung Electronics Co Ltd and Taiwan Semiconductor Manufacturing Co to deliver blueprints of physical designs that are ready for manufacturing. Arm Holdings on
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Technology
Skyscanner unveils Savings Generator tool to help Indian travellers save big on Summer holidays
The company also revealed travel trends among Indian travellers and how they can make the most of the Savings Generator tool. Skyscanner, the global travel marketplace, has come out with
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Sports
Virat Kohli recalls his ICC World Cup debut: ‘I was the youngest member…I was nervous. Yes, I will not lie’
Though Kohli has been a consistent performer for India in ODI World Cups, his consistency in the T20 World Cups for India was unreal. He has the most runs in