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The Rupee Plant, Delhi (2026)

03/04/2022

Tesla, the world’s leading electric car company, reported a steep increase in worldwide sales in the first three months of the year as it overcame supply chain problems and moved closer to production levels on a par with established luxury carmakers like BMW and Mercedes-Benz.
Tesla said it delivered 310,000 vehicles from January through March, up from 185,000 cars during the same period in 2021, roughly in line with Wall Street’s expectations. The nearly 70 percent increase was in contrast with major carmakers like General Motors and Toyota, which reported big sales declines on Friday because of shortages of key components.
The increase in the first quarter builds on Tesla’s momentum from last year, when it nearly doubled sales, to just short of 1 million cars, and overtook Volvo and Subaru. Tesla has coped better with an industrywide shortage of computer chips because its mastery of software allowed it to substitute chips that were available for ones that are scarce.
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26/03/2022

People are looking for electric cars more than ever, according to the world’s largest search engine. The tech giant says web searches for EVs and their associated costs are trending in the U.S., up this March by more than 400 percent.
The sharp rise in EV searches is clearly related to gas prices, but there are other factors this time around, as CNN reports. For starters, there are more EVs now than in 2008, and carmakers actually want to sell them this time. Analysts are optimistic about the relationship between Google’s data and consumer demand, but electric cars are reportedly still too expensive for most buyers. People search, but don’t buy.
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25/03/2022

Oil Marketing Companies have lost around $2.25 billion in revenues from 5th November to 21st March, the period when they stopped revising fuel prices despite high crude prices in the international market.

As per a study by Moody’s Investors Service, Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) are incurring around $70 million in daily losses on petrol and diesel sales.
The price of petrol and diesel was on halt between 4th November 2021 and 21 March 2022 in the country despite high crude prices in the International market. During this period, the Brent Crude Future, the benchmark of global crude price, even touched the highest $139 per barrel on 7 March 2022.

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24/03/2022

The Central Bank of Honduras (B*H) has shot down social media chatter about a possible imminent announcement that bitcoin (BTC) was set to become legal tender in that Latin American country.
“Bitcoin for the moment in our country is not regulated,” said the B*H on Wednesday in a Spanish-language official statement. The B*H, the bank continued, is the only issuer of legal tender in Honduras, and that remains solely the lempira.

Today’s announcement comes following rumors on Twitter and elsewhere that Honduras President Xiomara Castro was – in similar fashion to neighboring El Salvador last summer – going to announce a plan to make bitcoin legal tender in her country.

In the B*H statement the bank recalled two communiqués – published in 2020 and 2021, respectively – clarifying the B*H "does not supervise or guarantee operations carried out with cryptocurrencies as means of payment in the national territory."

The B*H reiterated, though, that it continues with “the study and conceptual, technical and legal analysis” to determine the feasibility of issuing its own central bank digital currency (CBDC), which would be recognized as legal tender in the country.

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24/03/2022

When Moscow stock traders return to their desks on Thursday morning, they’ll resume work in a market facing intense selling pressure while the state attempts to prop it up. It’s anyone’s guess which way things will go.

Russia plans to resume some stock trading on Thursday after a near month-long hiatus, with 33 rouble securities to be traded on the Moscow Exchange. Non-residents will have to wait, though - they will be barred from selling stocks and OFZ rouble bonds until April 1.
Trading in blue chips, including state lenders Sberbank (SBER.MM) and VTB (VTBR.MM), energy majors Rosneft (ROSN.MM) and Gazprom (GAZP.MM), will take place between 0650 and 1100 GMT, with short-selling banned, the central bank said on Wednesday. Russian stocks last traded on the Moscow Exchange on Feb. 25. The central bank then curbed trading as Western sanctions over events in Ukraine threw markets into turmoil.

Until April 1, foreign investors are allowed to conduct operations to lower their obligations including repo deals and deals with derivative instruments, but not to sell shares or OFZ rouble treasury bonds, the Moscow Exchange said.

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23/03/2022

One97 Communications (Paytm) on Wednesday said it has no information that may have a bearing on the price volume behaviour in the scrip and which is yet not disclosed to the stock exchanges. The company said its business fundamentals remain robust. In a filing to BSE, Paytm said it has, from time to time, made all necessary disclosures to stock exchanges within stipulated timeline.
Paytm comments came after BSE sought clarification from the company with reference to significant movement in its shares. BSE said, it sought such clarification "to ensure that investors have latest relevant information about the company and to inform the market so that the interest of the investors is safeguarded."
BSE's move came as the scrip fell 3.79 per cent on the exchange on Tuesday, in an otherwise positive day for the market. The scrip settled at a fresh low of Rs 543.90 for the day. The scrip has plunged 18 per cent in the last five sessions after the Reserve Bank of India (RBI) banned Paytm Payments Bank from adding new users. The stock has lost 74.72 per cent of its value over its issue price of Rs 2,150.

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15/03/2022

Bill Barhydt, CEO of crypto trading platform Abra, shared in an interview with CNBC why he prefers Ethereum to Bitcoin. He also predicted that the price of ETH could reach $30,000-$40,000.
Barhydt explained that Ethereum’s network effects are based on the idea that it can become the world's computers. It is now used in stablecoins, NFTs, and DeFi gaming fields. Barhydt expects that with the arrival of the new staking feature, there will be an influx of people trying to hold Ether.
"The network effects for Ethereum in the short-term are actually more bullish to me because of the use cases that are just starting to play out," said Barhydt. “If the gas fees and the transaction fees come down, which is the promise of the proof-of-stake, look out, because now all of the impediments of those network effects are taken out of the way.”
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15/03/2022

According to a recent listing, Visa is launching a Crypto Development Program for college students graduating from December 2021 to August 2022.
The program is an 18-month rotational development experience designed to build a skilled cryptocurrency team for Visa. Selected candidates will experience three business rotations, namely, crypto products, crypto solutions, and digital partners. They will also build expertise in specific areas such as DeFi, NFTs, stablecoins, and central bank digital currencies.
Visa said the program supports its mission "to build a strong entry-level pipeline of talent with deep subject matter expertise in the crypto space."

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24/02/2022

As India shapes its energy transition to cleaner fuels, billionaire Mukesh Ambani said technological advancements will make India a global new energy leader, exporting half a trillion dollars’ worth of clean energy in two decades.
I have absolutely no doubt that India can, and India will emerge as a global New Energy leader. I foresee at least 20-30 new Indian companies in the energy and tech space which will grow as big as Reliance, if not bigger, in the next 10-20 years.
Ambani, who is helming a transition to green hydrogen production at its oil-dominant conglomerate, said India is today one of the most attractive opportunities for renewable energy investment anywhere in the world. Reliance has already announced its aggressive expansion into the green energy sector with solar equipment manufacturing, green hydrogen production and energy storage.
RIL’s newly formed arm Reliance New Energy Solar Ltd (RNESL) was one of the companies which won the first solar manufacturing tender offered under the PLI scheme. India is currently a net importer in solar cells and modules with close to 75 per cent capacity built on Chinese imported content.
Do you believe India will lead the world in the transition to Clean & Renewable energy, Share your thoughts

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24/02/2022

India is likely to become the third-largest economy in the world by 2030-32, Reliance Industries chairman and managing director Mukesh Ambani said.
We will become a 5-trillion-dollar economy, and we will become a 10-trillion-dollar-economy. We can only argue about whether it happens in 2025 or 2027, or whether in 2030 or 2032. So when that happens, the quality of life of every Indian has to improve.
It took Reliance about 15 years to become a $1 billion company, 30 years to reach $10 billion, 35 years to become a $100 billion company and 38 years to touch $200 billion. India's technology and digital exports have risen to $150 billion from less than $10 billion 20 years ago.
By 2030, the Indian economy would also be larger in size than the largest Western European economies of Germany, France and the UK. Overall, India is expected to continue to be one of the world's fastest-growing economies over the next decade.
Do you believe in Ambani’s Vision, Share your thoughts

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22/02/2022

Foreign portfolio investors (FPIs) have withdrawn a net Rs 18,400 crore from the Indian Equity markets in February so far amid geopolitical tensions and chances of a rate hike by the US Federal Reserve. This is the fifth consecutive month of foreign fund outflows.

As per depositories data, overseas investors took out Rs 18,399.83 crore from equities and Rs 2,621.20 crore from the bonds market between February 1-21. FPIs net outflow from Indian equity in last one year is close to $8 billion. This figure is the highest since 2009. In February till date FIIs have sold worth approx Rs 17,500 crore. The FPI view of India is that India has already considered earnings growth of 16-18 per cent CAGR for FY23 and FY24, based on expectations of earnings and economic growth cycle.
FPIs can be expected to sell more going forward unless market corrections make valuations attractive while Domestic institutional investors and HNIs are slowly accumulating.
Will the Indian Market Survive the FPI Money Pullout, Please share your thoughts
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21/02/2022

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