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Sensex dips 100 pts amid sudden fall; Airtel, Infy weigh

12Dec

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Business

Sensex dips 100 pts amid sudden fall; Airtel, Infy weigh

Stock market LIVE updates: Underperforming firm global momentum, Indian equities started on a tepid note on Tuesday. The S&P BSE Sensex was at 70,014 level, up 85 points or 0.12 per cent. The Nifty50, on the other hand, hit a record high of 21,038 level, up 41 points or 0.17 per cent. HDFC Life, Hindalco, M&M, Hero MotoCorp, SBI Life, JSW Steel, Tata Steel, Adani Ports, ITC, Grasim, Tata Consumer Products, Bajaj Auto, Adani Enterprises, and BPCL were the top gainers on the 50-pack index, up between 0.5 per cent and 1.7 per cent. On the other hand, ONGC, Infosys, L&T, Apollo Hospitals, Bharti Airtel were the top laggards, down up to 1 per cent. In the broader market, the BSE MidCap and SmallCap indices were ruling 0.28 per cent and 0.52 per cent highe...

Texas paid bitcoin miner more than $31 million to cut energy usage during heat wave

As a bitcoin mining enterprise, Riot Platforms runs thousands of computers in the energy-guzzling pursuit of minting digital currency. Recently, however, the company got big bucks from Texas to lower the mining operation's electricity usage.Riot said on Wednesday that the state's power grid operator paid the company $31.7 million in energy credits in August — or roughly $22 million more than the value of the bitcoin it mined that month — to cut its energy consumption during a record-breaking heatwave in the state. The Electric Reliability Council of Texas (ERCOT), which operates the state's power grid, issues the credits to incentivize companies to reduce activities that might strain the state's already overloaded energy system. "The effects of these cr...

Americans snap up AC units, fans as summer temperatures soar higher than ever

Eye Opener: Heat wave in Southwest expands Eye Opener: Heat wave scorching Southwest expands across U.S. 01:51 Americans are scrambling to buy AC units, fans, cooling mats and other products to help beat the heat, as temperatures soar to record highs across the country. Amazon sales for air conditioners shot up 248% over the past 30 days, compared with the same period last year, with portable AC unit sales rising 208%, according to data analy...