NSE halts trading due to technical glitch; Mukesh Ambani to invest in renewable energy
+ Jeff Bezos again the world's richest person; Clubhouse registers over 10 mn downloads
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#ShortNewsOverChai
NSE halts trading after the rates on the exchange stopped updating due to a technical glitch, reopening awaited
NSE is working on restoring the systems; BSE not impacted.
Jeff Bezos becomes the world’s wealthiest person again as Musk loses $15 billion after Tesla’s shares slid to 8.6%
The two billionaires have been swapping places as the value of Tesla fluctuated. Tesla’s biggest decline was fueled by Musk’s comment on the prices of Bitcoin and Ether ‘do seem high’.
Sensor Tower Data: Clubhouse app registers over 10 million downloads on the App Store globally
Data shows that the US accounts for roughly 25% of its app installs.
Mukesh Ambani makes a strategic shift towards renewable energy; will make batteries ahead of a boom in EVs
Morgan Stanley expects Reliance to pump in $13 billion to $15 billion into renewable energy space in the next 10 years. Reportedly, Reliance also plans to attract over $20 billion investment into renewables. As of now, 60% of RIL’s consolidated revenue comes from fossil fuels and their by-products.
Twitter relaunches the option that asks users to review potentially harmful or offensive tweets
It is currently being tested only for users on iOS.
Google removes a propaganda blog from Blogger that supported the military rule in Myanmar
Activist Donk Enby discovered the coup’s use of Blogger for propaganda.
CCI probes Google Pay Antitrust Concerns; Seek to understand if GPay has abused its dominance in the digital market
As a part of the probe, PhonePe and Paytm are being questioned.
Adani Group forms a joint venture with EdgeConneX to build data centre parks in 6 Indian cities
EdgeConneX is the leading data centre operator with 50 facilities around the world.
Quote of the day:
“I will never buy Bitcoin in my life” - Rakesh Jhunjhunwala
He also suggested a ban on cryptocurrency.
#Dhandha Corner
Data shows global app spending will reach $270 billion, downloads will reach 230 billion by 2025
By 2024, non-game spending to reach $86 bn, more than game spending.
Indian startup founder’s preference for Chinese investors gone down from 29% to 3% in 2021
Tencent, Alibaba had so far been a favourite from China, plans to exit their investments in India.
Zomato closes a $250 million funding round, led by existing investors Tiger Global, Kora and Fidelity
The fresh infusion of capital will help Zomato keep aside $1 billion in cash, as it soon to have a public market debut.
Sachin Tendulkar buys a strategic stake in Unacademy, will now be a brand ambassador for the start-up
He will conduct live classes, share his life lessons, and coach students.
From the universe of #ElonMusk
European Union launches its own alternative to Elon Musk’s Starlink network; wants to make a great leap in the space race
Tesla CEO and SpaceX chief may have inflated the prices of stocks again.
“Ether’s 50% selloff is caused by extreme selling, not by trading malfunction”, CEO Kraken says
Coindesk said Ether prices fell as low as $700.
Tesla’s share price is now directly linked to the value of bitcoin: Report
This is more evident after Musk said the price of bitcoin and Ethereum seemed “high,” resulting in a sharp fall.
Steps towards #SDGs
HP releases its first consumer PCs made with ‘recycled plastics’
Outer boxes and fibre cushions used in packaging are also 100% sustainably sourced and recyclable.
PM Modi says, “climate change is a major challenge”; Asks IITs to offer solutions to withstand natural disasters
PM Modi referred to the recent Uttarakhand flood tragedy.
Bill Gates wishes to collaborate with Amazon’s chief Jeff Bezos to fight the climate change crisis
He believes that the climate crisis could dwarf pandemic in fatalities.
Khel India - Highlights
Haryana’s Sonika wins women’s 10 km race in the 55th National Cross Country Championship
Parasappa Hajilol of Karnataka wins men’s 10 km race.
Foreign Minister S Jaishankar offers a $40 mn Line of Credit to the Maldives to boost the sports infrastructure
India believes the Maldivian people have tremendous sporting talent.
Vishwanathan Anand to be the mentor for Tech Mahindra Global Chess League
The League will have 8 franchisee-owned teams from across the world.
Karnataka to host the second edition of Khelo India University Games (KIUG) 2021
KIUG taps talent who can represent India in events like the Olympics.
#RandomlySpeaking
COVID variant cases detected in Maharashtra, Kerala; 187 people test positive for UK Covid variant
While 6 people have detected with the South Africa variant, 1 person with the Brazil variant strain. Get more details here.
Uttarakhand glacier burst: 134 still missing, will be presumed dead as their bodies were not found
The government has ordered for issuing death certificate for those who are missing after the floods.
Defence Acquisition Council approves capital acquisition proposals of three armed forces; AoNs, for an overall cost of Rs 13,700 crore
These will include inter-alia platforms and systems developed by the DRDO.