China’s attempts to minimize its reliance on imported oil have resulted in the development of a massive concrete complex near Zhuhai the size of Monaco, which serves as the focal point of its deepwater drilling initiatives. The facility, run by a subsidiary of CNOOC (China National Offshore Oil Corp), is in charge of building production platforms for use in China’s offshore oil fields. China has grown more dependent on imported oil as its ageing onshore wells struggle to fulfil the country’s expanding energy needs. Currently, more than 70% of China’s oil supply is imported, up from less than 10% before the turn of the century.

“Podcasts: Unleashing a Conversation Revolution. From solving crimes to providing platforms for rule-breaking, dive into the immersive world of podcasts. Discover the eclectic range of topics, captivating storytelling, and dedicated

In a significant development, the Enforcement Directorate’s Adjudicating Authority has issued show-cause notices under the FEMA (Foreign Exchange Management Act) to Xiaomi Technology India Private Limited, its officials, and three banks. The case revolves around alleged illegal remittances worth 5,551.27 crores made by the Chinese company. The show-cause notices have been issued to explain the contravention of FEMA provisions and non-compliance with Reserve Bank of India (RBI) directions regarding foreign outward remittances.

During a recent company-wide event, Meta presented an exclusive glimpse of their soon-to-be-released Twitter rival. Following in the footsteps of Instagram, the company’s future standalone application will include ActivityPub, a

Ola Electric, an Indian electric vehicle manufacturer, intends to launch an initial public offering (IPO) in late 2023, aiming to raise $600 million to $1 billion. CEO Bhavish Aggarwal will

Elon Musk reveals Twitter’s groundbreaking payment program for verified content creators, offering them compensation for ads within their replies. With an initial payment block of $5 million, the move aims to attract and retain advertisers on the platform. The announcement comes as Twitter faces advertising challenges under Musk’s ownership and prepares for new leadership.

Cohere, a competitor to Microsoft-backed OpenAI, said on Thursday that it had secured $270 million in a fundraising round led by Nvidia, Oracle, and Salesforce Ventures, among others.

The Centre may reduce the number of official GDP estimates from six to four. According to the sources, the Statistics Ministry will begin this process next year.

The economy of China is facing a challenging scenario as rising interest rates and inflation dampen demand in the United States and Europe, while the country battles a significant decline in prices. The producer price index (PPI) fell at the fastest pace in seven years in May, indicating a slowing manufacturing sector and raising concerns about deflationary risks.

For the 2023-24 marketing season, the Indian government raised the minimum support price (MSP) for cotton by around 9% year on year. Cotton prices, which have plunged by more than

Technology is a thriving space where creativity bonds with innovation. We have come so far when it comes to uplifting our lives with the help of technology. From running errands

The Reserve Bank of India (RBI) is aiming to onboard one million users for its central bank-backed digital currency (CBDC) by the end of June, according to T Rabi Shankar, Deputy Governor of RBI. He made this announcement during a press conference following the monetary policy announcement on Thursday.