India's fuel demand shrinks 4.4% to 15.47 mn tonnes in Sept

India's fuel demand shrinks 4.4% to 15.47 mn tonnes in Sept

India's fuel demand fell about 4.4% in September compared with a year earlier, data from the Petroleum Planning and Analysis Cell (PPAC) of the Oil Ministry showed on Friday. Consumption of fuel, a proxy for oil demand, totalled 15.47 million tonnes, the data showed. Demand for diesel, which is widely used for transportation as well as for irrigation needs in India, declined 6% year-on-year to 5.49 million tonnes.

RBI keeps repo rate unchanged at 4%; maintains accommodative stance

Reserve Bank of India has decided to keep the repo rate unchanged at 4 per cent. Keeping the key lending rate stagnant, RBI Governor Shaktikanta Das said during the Monetary Policy Committee meet that an accommodative policy stance will be maintained.

India can be AI capital, policy framework for tech can accelerate growth: N Chandrasekaran

India can become the artificial intelligence (AI) capital of the world because of the talent pool and complex problems that it has, and a policy framework for the technology can accelerate development, Tata Sons Chairman N Chandrasekaran said on Friday. He said AI can shape the future and direction of the country.

Microsoft to allow employees to clock in up to 50% of weekly working hours remotely

Microsoft Corp said on Friday it would allow most of its employees to clock in up to half their weekly working hours remotely, providing greater flexibility even after offices start reopening. The software-maker said in a blog post that while returning to office is optional for most employees for now, Microsoft was not committing to having every employee work remotely.

'Coronavirus broke out in many places last year, we only first to report,' claims China

Refuting the widely-held view that the coronavirus pandemic originated in a lab in Wuhan, China claimed that COVID-19 broke out in multiple places but they were the first to report. China denied US' allegations on Friday and said that they were the ones to act on the outbreak first.

Tomato prices sky-rocket in Pakistan; Imran Khan govt blames India

Tomato prices have sky-rocketed in Pakistan, touching Rs 200 per kg-mark across major cities including Karachi and Islamabad this week. Despite the country importing essential commodities to meet the demand, the prices continue to rise every day, leading to high inflation. The current spike in prices, however, is blamed on a ban in imports from Iran and Afghanistan. The Pakistan government recently banned tomato and onion exports from these two countries, leading  to shortage of the staple foods items.