Economy

Oil is volatile! Raghuram Rajan has this suggestion to protect India from high oil prices

Rajan said the issue has been discussed in the past and it began with a strategic petroleum reserve, but beyond that there is a need to think about hedging oil prices especially when it comes to levels such as now. With geo-political factors impacting crude prices, India needs to have a good oil hedging policy …

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‘Blockchain skills to be among most sought-after in coming years’

Blockchain skills will be one of the most sought-after talents in the coming years, says Jitan Chandanani, Blockchain Offerings and Engagement Leader, IBM India/South Asia. Engineers are being trained internally and externally within all organisations focused on its future offerings, he says in an interview with BusinessLine. “However, a key point to be noted is …

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Police give “all clear” after bomb threat at Facebook HQ

A bomb threat prompted authorities on Tuesday to evacuate a building at the Silicon Valley headquarters of Facebook Inc, police said, but gave the “all clear” after an hours-long search turned up no sign of a device. The New York Police Department had received an anonymous tip about a bomb threat regarding Facebook’s campus in …

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Agri-tech platform, Ninjacart, raises Rs 250 cr in series B funding round

Agri-tech platform Ninjacart that connects farmers to retailers, has raised Rs 250 crore in a series B funding round from Accel US, Syngenta Ventures (Switzerland / USA), Neoplux (South Korea), Jo Hirao (Founder of ZIGExN), HR Capital (Russia) and Trifecta Capital. All existing investors including Accel India, Nandan Nilekani, Mistletoe and Qualcomm Ventures also participated …

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Sunder Pichai denies Google having any political bias

Google’s Indian-American CEO Sunder Pichai on Tuesday denied the allegations of his company having any political bias, saying the internet giant’s algorithms have no such sentiments. Pichai, testifying before the House Judiciary Committee Hearing on ‘Transparency & Accountability: Examining Google and its Data Collection, Use, and Filtering Practices’, said some of the Googlers are former …

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Google has no plans to launch search engine in China, says Pichai

Google currently has no plans to launch a search engine in China, its Indian-American CEO Sunder Pichai told lawmakers on Tuesday as he dodged a series of questions from lawmakers who expressed concern over such a reported move by the internet giant. His statement came while testifying before the House Judiciary Committee Hearing on ‘Transparency …

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Moody’s on Urjit Patel: Govt attempt to curtail RBI Independence credit negative

It said that Moody’s assumes that the RBI will continue to pursue price and financial stability and implement policies towards these goals. (Reuters) In the backdrop of RBI Governor Urjit Patel’s resignation, Moody’s Investors Service Monday said the independence of a country’s central bank is an important consideration while assessing a country’s institutional strength and …

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Intel India sees big growth from data centre business

Intel India sees huge growth from the data centre business in India as adoption of cloud and AI, among businesses, on the rise. Currently, India accounts for about 1-2 per cent of the total data centre business of Intel. The global revenue from data centre is about $6 billion growing at the rate of 26 …

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Could internet therapy platforms help fight depression?

Scientists have found that a series of self-guided, internet-based therapy platforms effectively reduce depression. Researchers from Indiana University (IU) in the United States of America (USA) reviewed 21 pre-existing studies with a total of 4,781 participants. In the past several years, many internet-based apps and websites have made claims to treat depression. The study, published …

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Tourism Ministry formulates guidelines for approval of Online Travel Aggregators

The Tourism Ministry has formulated the guidelines for the approval /re-approval of Online Travel Aggregators (OTAs). The aim of the voluntary scheme open to bonafide OTA is to bring them on a common platform in the organised sector and the guidelines for approval will be rolled out online by the end of this month. The …

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