Reliance Seeks New Technologies to Make Cheaper Green Hydrogen

(Bloomberg) – Reliance Industries Ltd., controlled by Indian billionaire Mukesh Ambani, is assessing new technologies for making electrolyzers in its efforts to produce low-cost green hydrogen in the country. As part of the push, the company also plans to bid for any production-linked incentives the government may offer to encourage the technology, Kapil Maheshwari, president … Read more

Ex-Bankers’ Study-Abroad Startup Nears $ 1 Billion Unicorn Status

Owl Ventures led the round, with Steadview Capital and Paramark Ventures as well as existing investors Jungle Ventures and Sequoia Capital India participating, the company, known by its brand name Leap, said Wednesday in a statement. Its valuation has doubled since a September fundraising and is nearing $ 1 billion, co-founder Vaibhav Singh, 37, said … Read more

Ray Dalio Says Reducing Inflation Will Come at Great Cost

While tightening leads to less consumer spending, which may reduce inflation, it does not make things better, the billionaire founder of Bridgewater Associates LP said. “It just shifts some of the squeezing of people via inflation to squeezing them via giving them less buying power,” Dalio added. .

Russian Nobel-Prize Editor Auctions Medal to Aid Ukrainians

Dmitry Muratov, editor-in-chief of Novaya Gazeta, was awarded the Nobel together with journalist Maria Ressa of the Philippines last year for their “courageous fight for freedom of expression.” He donated his approximately $ 500,000 prize money to charity, and suspended publication of the newspaper in March after Russia passed legislation restricting reporting on the war, … Read more

Bitcoin’s Ferocious Selloff Pauses as Crypto Enjoys and Bounce

(Bloomberg) – Bitcoin snapped a 12-day slide, taking a breather to bounce along with the rest of the cryptocurrency market after a record-breaking string of declines. Analysts cautioned the respite may be brief. The world’s largest cryptocurrency climbed as much as 12% early Sunday, recouping some of its losses from a steep drop Saturday that … Read more