India’s Starlink Deal: Will Access to Musk’s Satellite Network Transform Connectivity?
In a groundbreaking development for India’s technological landscape, a recent agreement between the Indian government and SpaceX’s Starlink is poised to enhance internet connectivity across the nation. This partnership aims to provide high-speed satellite internet access, particularly targeting remote and underserved regions where traditional cables and fiber networks have failed to reach. The initiative is part of a broader effort by Prime Minister Narendra Modi's administration to strengthen the digital infrastructure in the country.
Continue reading
Mercuria Bolsters Crude Trading Team with Key Hires from TotalEnergies
In a strategic move to enhance its market position, Mercuria Energy Group Ltd. has made headlines by hiring two experienced crude oil traders from the trading arm of TotalEnergies. This significant recruitment aims to fortify Mercuria’s capabilities amid a rapidly evolving energy sector, where agility and expertise are crucial for success.
Continue reading
Chinese Supply Constraints Leave Tungsten Miner Clients in Shock
In a surprising twist in the global commodities market, a leading tungsten miner has reported that its clients are grappling with disbelief as China continues to tighten its control over tungsten supplies. This move has decimated the availability of this critical metal, causing widespread unease among users who rely on tungsten for manufacturing and industrial applications.
Continue reading
India Poised to Navigate Impact of Trump Policies, Says Modi Official
In a recent statement, a senior official from Prime Minister Narendra Modi's administration expressed confidence that India would effectively overcome the economic ramifications caused by policies implemented during Donald Trump’s presidency. The comments come amid ongoing global discussions regarding the repercussions of Trump's former leadership on various countries, including India.
Continue reading
Tether Explores Crypto Lending Opportunities with Commodity Traders
In a strategic move that marks a significant shift in the cryptocurrency landscape, Tether, the company behind the popular USDT stablecoin, has begun discussions with commodity traders regarding the potential lending of its substantial cryptocurrency reserves. This initiative aligns with Tether's efforts to increase the utility of its digital assets and strengthen its market position amidst growing competition and scrutiny in the financial sector.
Continue reading
Tokyo Electron Prepares for Major Expansion in India as Modi Lures Chipmakers
In what could be a turning point for India's semiconductor sector, Tokyo Electron Ltd, one of the world's biggest chipmaking equipment suppliers, is all set to scale up its Indian operations. This comes at a time when the government of Prime Minister Narendra Modi is making an all-out effort to woo top international chipmakers to establish manufacturing facilities in India.
Continue reading
US Fintech Firm Seeks Membership, Boosts LME Trading Floor
The dimmed activity has quietened the iconic London Metal Exchange trading floor, which just received quite a significant shot in the arm as a US-based fintech firm made its bid for membership. This marks quite a development for the LME, which is struggling to keep its traditional open-outcry system in the face of digital trading's relentless march forward.
Continue reading
Biden and Modi Unveil Plans for a New Semiconductor Plant in India
US President Joe Biden and Indian Prime Minister Narendra Modi have just announced one of the most important pieces of news in technology circles-a new plant that will open in India to make semiconductor manufacturing. This move is strategic, setting up a broader US-India collaboration aimed at firming up supply chains and making less dependence on Chinese-made components.
Continue reading