Demand surge seen lifting coal-fired power plants out of misery

– Advertisement – NEW DELHI: The surge in power demand is seen giving India‚Äôs Coal-fired power plants a fresh lease of life as they are expected to operate at 62% of their capacity in the current fiscal, the highest in five years, to fill the gap arising from electricity consumption outpacing thermal capacity addition. The … Read more

Surge in travel costs hurts IT companies

– Advertisement – CHENNAI: Top IT giants have been grappling with costs of hiring and retaining talent for some time now. But, to make matters worse, another cost component has been slowly inching up in the past few quarters and hurting margins. Business travel is back with a vengeance and travel costs nearly doubled year-on-year … Read more

Crypto derivatives volumes surge to $3.12 trillion in July: Report

– Advertisement – Cryptocurrency derivatives trading on centralised exchanges rose to $3.12 trillion in July, a 13% monthly increase, researcher CryptoCompare said on Thursday, as crypto prices show signs of recovery from the recent market crash. The derivatives market now makes up 69% of total crypto volumes, up from 66% in … Read more

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