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Global coal demand expected to decline in 2026: IEA
Business

Global coal demand expected to decline in 2026: IEA

New Delhi, Dec 15: After reaching an all-time high this year, global coal demand is expected to decline in 2026 by 2.3 per cent, said the latest edition of the International Energy Agency’s (IEA) annual coal market report on Friday -- the first time that the report has predicted a drop in global...
1 in 2 Indian founders expect fundraising to ease in 2024: Report
Business

1 in 2 Indian founders expect fundraising to ease in 2024: Report

New Delhi, Dec 15: One in two founders (50 per cent) in India expect fundraising to get easier in the coming months and 66.5 per cent of them are currently operating with a runway of at least a year, a new report showed on Friday. According to the 'Elevation Founder Pulse 2023' report, 83 per...
NLC India enters M-Sand segment, converting mine overburden to construction sand
Business

NLC India enters M-Sand segment, converting mine overburden to construction sand

Chennai, Dec 13: Integrated lignite mining-cum-power generation company NLC India Ltd is entering the manufactured sand (M-Sand) segment as a part of its green initiatives. As per plans, NLC India has decided to get the sand that was dug up, and is technically called "overburden", while mining...
UP has new classification system for hospitality industry
Business

UP has new classification system for hospitality industry

Lucknow, Dec 14: The Uttar Pradesh Tourism Department has launched a new star hotel classification portal to boost the tourism and hospitality industry in the state. Under the new system, the hotels and resorts in Uttar Pradesh will now be classified under five categories -- platinum, diamond,...
Apple will need court order from govts to give phone push notifications
Business

Apple will need court order from govts to give phone push notifications

San Francisco, Dec 14: Apple will now require law enforcement agencies to obtain a court order before it hands over details of customers’ push notifications. Apple has updated its guidelines for law enforcement agencies, saying that search warrants and court orders are now required for it to give...
E-commerce company Etsy lays off 225 employees in holiday season
Business

E-commerce company Etsy lays off 225 employees in holiday season

San Francisco, Dec 14: E-commerce company Etsy is laying off 11 per cent of its workforce in order to restructure its business and streamline costs. Approximately 225 employees will lose jobs at Etsy in the holiday season, bringing its core marketplace headcount down to nearly 1,770 people,...
Tesla recalls over 2 mn cars in US over Autopilot defect
Business

Tesla recalls over 2 mn cars in US over Autopilot defect

San Francisco, Dec 14 : Elon Musk-run Tesla is recalling more than 2 million vehicles in the US to address a “defect” with Autopilot, the company’s controversial advanced driver-assist system. The recall applies to nearly every Tesla vehicle sold in the US since the Autopilot feature was...
Kerala petroleum dealers decide not to supply fuel to govt vehicles on credit till dues cleared
Business

Kerala petroleum dealers decide not to supply fuel to govt vehicles on credit...

Thiruvananthapuram, Dec 12: With the Kerala government's dues to various petroleum dealers mounting as its financial position in dire straits, the dealers have decided that from January 1, no more fuel will be given to state government vehicles on credit. The decision was taken at a meeting of...
Scindia meets meets representatives from the airline industry, urges reasonable fare on routes
Business

Scindia meets meets representatives from the airline industry, urges reasonable...

New Delhi, Dec 12: Union Civil Aviation Minister Jyotiraditya M. Scindia on Tuesday chaired a pivotal Advisory Group meeting with key representatives from the airline industry to address critical issues concerning performance and services provided to customers. The primary focus of the meeting...
Adar Poonawalla reaches deal for London’s most expensive home sale of the year
Business

Adar Poonawalla reaches deal for London’s most expensive home sale of the year

London, Dec 13: India’s billionaire "vaccine prince" Adar Poonawalla has reached a deal for London’s most expensive home sale of the year, agreeing to pay about 138 mn pound for a 25,000 square foot Mayfair mansion, media reports said. Aberconway House, a vast 1920s home near Hyde Park, will...
Musk’s X sees ad share nosediving, to generate half a billion less this year
Business

Musk’s X sees ad share nosediving, to generate half a billion less this year

San Francisco, Dec 13: The X platform under Elon Musk has seen its ad share nosediving, and the company may generate $2.5 billion this year, missing the internal targets of $3 billion. Bloomberg reports that ad sales on X are reportedly about a half billion lower than anticipated for 2023, as...
US rejects $900 mn in subsidy for Musk’s cheaper internet service Starlink
Business

US rejects $900 mn in subsidy for Musk’s cheaper internet service Starlink

Washington, Dec 13: The Federal Communications Commission (FCC) in the US has announced not to award Elon Musk’s Starlink nearly $900 million subsidy for expanding broadband service in rural areas, based on its failure to meet the basic programme requirements. The ‘Universal Service Fund’...
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