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Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

RecommerceX, a chemical recycling and sustainability startup, has raised $3.6 million in a funding round led by venture capital firm Accel and Kae Capital. The funds will be used for expanding the team, developing its technology platform, investing in R&D for advanced material recovery, and scaling business operations in India and other international markets. According to founder and chief executive Shobhit Goel, this space is highly unorganised, with no major players managing these categories.

China's emergence as the manufacturing centre of the world is largely a consequence of American policy, because if you look at the top 30 companies in the United States of America, 95% to 98% of the manufacturing is outsourced to China, India's G20 Sherpa Amitabh Kant said here on Wednesday. Both the Chips Act and the Inflation Reduction Act of USA are protectionist in character. «It's important because if you want to shift towards net zero, it will be almost impossible to do it without India. And the reason for that is that green hydrogen manufacturing firm from India today is costing $4.5 per kilogram, whereas in the US, it will cost about $7-7.5 per kilogram. The extent of subsidisation will be enormous,» Kant said at an interaction with US G20 & G7 Sherpa and Deputy NSA Daleep Singh on India-USA Economic Partnership organised by the Observer Research Foundation. «If you want the world to move towards clean energy, reach the target of net zero, you want production of the lowest cost possible. And therefore, the size and scale of manufacturing from India, which India has demonstrated through procurement of LED bulbs, the prices for procurement of large scale buses, electric buses, prices for you, it needs the size and scale of a country like India to radically bring down the price to $1 per kilogram by 2030 and that capacity to do it only India has. And that's why, if you want the world to achieve success in net zero, you need to work with partners like India.»

Blackstone Inc. has agreed to acquire AirTrunk in a deal valuing the Australian data centre operator at A$24 billion (US$16.1 billion), including debt and capital expenditure for committed projects.

The Bank of Canada lowered its key interest rate by 25 basis points on Wednesday and opened the door to bigger cuts if the economy slows more sharply in the months ahead.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Dollar Tree is slashing its full-year earnings and sales forecasts as its customers continue to struggle with higher prices and spend less

The Bank of Canada cut its interest rate for the third consecutive time on Wednesday.

incentives for companies that have exceeded production, sales, and export targets of mobile phones every financial year under the mobile phone production-linked incentive (PLI) scheme, sources told ET. A senior government official told ET that some companies have consistently met their production, sales and export targets under the PLI scheme and have sought additional incentives due to them as soon as possible as a “good faith” measure. “The decision on disbursement on production above the ceiling limit is pending at the empowered committee level. We are looking at how to approach this issue best and hope to arrive at a solution soon,” an official said.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Here’s the Bank of Canada’s official statement for its rate decision:

Health and Allied Insurance Co. Ltd., the standalone health insurance company, is looking to diversify by entering the protection or term insurance and motor insurance markets. The company will leverage its existing health insurance portfolio and expand its customer base. For this, Star Health will apply for a composite insurance license, once the Insurance Act is amended. This amendment, which allows insurers to offer both life and non-life insurance products under a single license, is currently awaiting parliamentary approval and is expected to be taken up soon. The company will look to leverage its direct-to-consumer (DTC) channels and existing network of agents and plans to market life and motor insurance products to its current customer base. The company's motor insurance strategy will not only be acquiring new customers but also focusing on renewals, given the high growth potential in the motor and health insurance segments within the general insurance industry.

Popular crypto YouTuber Oscar Ramos has 1 billion Shiba Inu $SHIB tokens ($13,405 at today’s price), and by his estimate there is a small chance he can be a millionaire.

Invest4Edu, a platform which offers education planning, saving and investment services, has secured $3 million in seed funding from family offices. The funds will be used to accelerate growth and deepen the company’s impact in the early education planning and financial support domains “This is an important step in our journey of making quality education accessible to all. The proceeds will be leveraged to accelerate the growth with primary focus on sales and marketing, technology, and product development,” said Peeyush Agrawal, CEO, Invest4Edu.

Raymond shares surged 8% over two days, reaching a high of Rs 2,179 on the BSE on Wednesday, ahead of the listing of its lifestyle business, Raymond Lifestyle (RLL) on the stock exchanges on Thursday. The brokerages also see this as a transformative move for the company which is synonymous with legacy brands such as Park Avenue, Raymond, Parx, and ColorPlus.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

HSBC Mutual Fund has announced the launch of HSBC India Export Opportunities Fund, an open-ended equity scheme following the export theme. The new fund offer or NFO of this new scheme will open for subscription on September 5 and will close on September 19. HSBC India Export Opportunities Fund aims to generate long-term capital growth from an actively managed portfolio of equity and equity-related securities of companies engaged in or expected to benefit from export of goods or services. The scheme has the flexibility to invest in companies that are part of the exports theme across market capitalization – large cap, mid cap and small cap companies, according to a press release by the fund house.

Coal India (CIL) fell by 4% to a low of Rs 500.70 on the BSE on Wednesday after the company posted sales volumes of 52.1mt on Monday, down 12% YoY. Domestic brokerages like Nuvama and JM Financial are still optimistic about the stock because a few dips do not change the future. CIL reported sales volumes of 52.1mt in August 2024, down 12% YoY, owing to a weak power demand amid heavy rainfall. However, volumes clocked a decline of 5.7% YoY during Jul-Aug '24 negating the impact of only monsoon for the decrease, implying that CIL’s volume was under pressure owing to weak demand.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Jennifer Pamplona, a Brazilian influencer who has spent over $1 million on cosmetic procedures to look like Kim Kardashian, is now sounding the alarm on the dangers of butt fillers. Known for her extensive surgery history, Pamplona has recently shared a stark warning about the risks associated with butt lift fillers, particularly those containing polymethyl methacrylate (PMMA). Pamplona, a self-proclaimed “surgery addict,” revealed that her use of PMMA, a material commonly used in butt lift fillers, has severely impacted her health. Although her infertility cannot be directly linked to PMMA, complications from the filler are believed to be associated with either improper application or an adverse reaction. According to the New York Post, PMMA can migrate from the injection site to other areas, including the pelvic region, potentially affecting reproductive organ function. Pamplona recounted a troubling experience a decade ago when PMMA spread from her buttocks to her reproductive organs during a bioplasty procedure. This migration has contributed to her current fertility issues. “I always dreamed of being a mother. Unfortunately, I now find myself unable to fulfil this dream due to the complications caused by PMMA,” she told Need To Know.

Uttarakhand Chief Minister Pushkar Singh Dhami, while reviewing the Agriculture and Horticulture Department in the Secretariat on Tuesday, directed the officials to make effective efforts towards increasing the economy of farmers in the state more rapidly. «It should be ensured that farmers as a package. Programs should be organised at the state and district level so that farmers get the full benefit of various schemes being run by the central and state governments in the interest of farmers,» Dhami said. Dhami directed the officials in the meeting to expedite the construction of polyhouses, which would help increase the income of farmers and promote self-employment.