Qureshi claimed that the association approached the Rawalpindi Food Controller on the matter who also endorsed that prices of flour bags have jacked up. He said that the mill owners were not ready in reducing flour rates even though the government increased their wheat quota. … [Read more...] about Runaway inflation: Naan prices ready to take flight as flour rates rise
Wholesale unleaded gasoline prices
Fossil fuels don't all come from fossils. Scientists now are developing gasoline that is synthesized from plants that are not so old. This so-called green gasoline is chemically derived from sugars in corn and other grains or from cellulose found in the tough, woody parts of plants. Unlike the most common biofuel, ethanol, this new fuel requires no tweaks to a car's engine. "It is virtually the same as gasoline from crude oil," said John Regalbuto, director of the Catalysis and Biocatalysis Program at the National Science Foundation (NSF). "It is a drop-in replacement for what you get at the pump." The NSF has funded several projects to develop green gasoline. One of these converts sugar into gasoline, diesel or jet fuel and is being commercialized by Virent Energy Systems in collaboration with the oil company Shell. A slightly different process discovered by researchers at the University of Massachusetts at Amherst can brew up gasoline components from wood chips and other plant … [Read more...] about How Green Gasoline Could Power the Future
Shyam Srinivasan, MD & CEO, Federal Bank, says the bank should see good momentum going ahead, as they have taken some conservative decisions over the last 12-18 quarters, and that should help them ride through a relatively bad cycle. Can you just give a brief overview of the third quarter? Will you describe it as a strong or weak performance? What have been some of the key parameters in Q3? The quarter that went by was good, given it was a stressful environment, and our outcomes have been quite encouraging. In particular, other than the two names that we signalled, we were keen that the overall portfolio continues to perform well and the slippages are lower. I am very happy that retail, SME, agri turned out their multi-quarter best. Given the external situation, our performance for Q3 on most counts was something that we take heart from. There has been a slowdown as well in loan growth in the quarter. What are the factors that have led to this? And how much of a role did … [Read more...] about Next round of fundraising likely at end of 2020: Shyam Srinivasan, MD & CEO, Federal Bank
Oil prices dropped on Wednesday as the International Energy Agency's (IEA) forecast of a market surplus in the first half of this year was enough to cancel out concerns about military disruptions that have slashed Libya's crude output. Brent crude was down 30 cents, or 0.5 per cent, at $64.29 a barrel at 0731 GMT, after falling 0.3 per cent on Tuesday. US oil fell 33 cents, or 0.6 per cent, to $58.05 a barrel, having declined 0.3 per cent the day before. The head of the IEA, Fatih Birol, said he expects the market to be in surplus by a million barrels per day (bpd) in the first half of this year. "I see an abundance of energy supply in terms of oil and gas," Birol told the Reuters Global Markets Forum on Tuesday, while attending the World Economic Forum meeting in Davos. "It's the reason that recent incidents we have seen - with the Iranian general killed, Libya unrest - didn't boost international oil prices," Birol said, referring to the US killing of an Iranian commander and … [Read more...] about Oil slides as IEA predicts surplus, Libya disruption concerns fade
In addition, at least 30 per cent believe that the minimum driving range for BEVs should be at least 200 miles while 14 per cent are expecting the minimum driving range to be at least 50 miles.The largest proportion of 35 per cent consumers are willing to wait for an average of 45 min for a BEV to be fully charged, while only 7 per cent are ready to wait for four hours or more.The firm sampled around 35,000 respondents from 20 global markets. Around 3,000 of these were from India. These findings come at a time when the Indian auto industry has been under the worst ever industry slowdown. … [Read more...] about 53% Indians ready to pay upto Rs 1 lac more for EV: Report
Leonardo da Vinci had sketched a horseless, mechanized cart in the early 1500s. Like many of his designs, it wasn't built in his lifetime. However, a replica is on display at the Chateau Clos Lucé, Leonardo's last home and now a museum. Sailing chariots, propelled by the wind were in use in China when the first Westerners visited, and in 1600, Simon Steven of Holland built one that carried 28 people and covered 39 miles (63 km) in two hours, according to General Motors.Nicholas-Joseph Cugnot, a Frenchman, built a self-propelled vehicle with a steam engine in 1769. The cart, designed to move artillery pieces, moved at a walking pace (2 mph or 3.2 km/h) and had to stop every 20 minutes to build a new head of steam. Internal combustion enginesVital to the modern automobile is the internal combustion engine. This type of engine uses an explosive combustion of fuel to push a piston within a cylinder. The piston's movement turns a crankshaft that is connected to the car's wheels of … [Read more...] about Who Invented the Car?