India’s power demand hit a record at 185.82 GW (gigawatts) on Wednesday, rising 1.6% over the previous record of 182.89 GW on December 30 and marking 9% increase over the highest single-day supply of 170.97 GW in January 2020.

Wall Street greeted new US President Joe Biden by climbing even higher on Wednesday, closing at records amid promises of big economic stimulus and relief that the inauguration was uneventful.

In a world where predicting even the short-term future is becoming difficult, organisations are rushing to management thinkers to understand how best they can cope with unforeseeable conditions— ‘the unknown unknowns’.

Jack Ma appeared for less than a minute and said nothing about the Chinese govt clampdown that had left his business empire in crisis. But for investors who’d been waiting months to catch a glimpse of Ma, his participation in a live-streamed video conference on Wednesday soared Alibaba’s market value to $58 billion. This was … Continue reading Jack Ma’s video chat prompts a $58 billion sigh of relief

Facebook executives will field questions from a parliamentary panel on Thursday about the changes to WhatsApp’s privacy, a source said, days after the messaging platform was asked by the country’s technology ministry to withdraw them.

India’s gross domestic product (GDP) is within the striking distance of attaining positive growth, the Reserve Bank said observing that the letter “V” in the V-shaped recovery stands for vaccine. The government launched the world’s biggest vaccination drive on January 16 to protect people from Covid-19.

Domestic pharma retail market bounced back with a substantial growth of 8.4% yoy (year-on-year) in December, after a weak performance during the year, led by a higher number of prescriptions, OPD (outpatient department) visits, and increased marketing push by drug companies.

Hero Moto, the country’s top-wheeler maker, crossed a record 100-million units in production, and is lining up an aggressive launch plan of 50 new products and upgrades over the next five years, chairman Pawan Munjal said on Thursday as the company works to strengthen its premium portfolio with new partner Harley-Davidson.

The pandemic-driven lockdown has a surprise winner in household savings that have been falling steadily between 2014 and mid-2019 but have scooped up a hefty $200 billion in extra savings – which is a 20-year high, according to a foreign brokerage report.

Barring another wave of Covid-19 infections, the worst is over for India’s economy and policymakers may soon have more room to support a recovery, the central bank said in its January bulletin released on Thursday. The RBI slashed interest rates early last year to cushion the shock from the coronavirus crisis, but has left rates … Continue reading ‘India has seen the worst, barring more Covid waves’

The UAE-India corridor has emerged as the second busiest country pair this month, with Mexico-US the biggest in terms of seats deployed by airlines flying between two countries, according to UK-based air consultancy firm OAG.

Under fire over its privacy changes, WhatsApp is now reaching out with reassuring messages to businesses that use its application programming interface (API) to chat with users. The company said leveraging its parent firm Facebook’s hosting services will be much cheaper and will increase efficiency while managing users on the platform.

Facing the heat from the Indian government which asked it to withdraw a controversial privacy update over data-sharing plans with Facebook, instant messenger WhatsApp reiterated once again that personal messages remain completely encrypted and the proposal is aimed only at making business messaging effective.

Restaurant aggregator Swiggy has stopped its online marketplace for groceries, a service which had picked up steam during the lockdown. ​​​While it still offers its ‘Genie’ service for pickand-drop and other marketplaces on its app, the company plans to replace the grocery marketplace with ‘Instamart’, a quick grocery delivery initiative that will be serviced by … Continue reading Swiggy stops online grocery marketplace

The pandemic has caused major change of priorities for urban Indians as far as their savings are concerned. People are saving less for marriages, kids’ education or for small luxuries like cars and vacations. They are setting aside more for retirement, health and untimely death of the breadwinner.

Alibaba Group founder Jack Ma met with 100 rural teachers in China via a video meeting on Wednesday, local government media reported, making the businessman’s first appearance in public since October last year. Ma has resurfaced after months out of public view, quashing intense speculation about the plight of the billionaire grappling with escalating scrutiny … Continue reading Jack Ma makes first public appearance since Oct

Union finance minister Nirmala Sitharaman has described her upcoming budget as unlike anything seen in the last 100 years. When she presents it on February 1, Sitharaman will not only aim to repair battered government finances and ensure demand recovers in an economy facing its worst contraction since 1952, she must also revive declining revenue … Continue reading Budget must fix a broken labour mkt to boost demand