Oil Prices Fall Over 1% Amid Hurricane Risk Receding

12 Nov 2024 CW Team

Oil prices saw a decline of more than 1% as the risk posed by Hurricane Rafael receded. The storm, which had initially raised concerns over potential disruptions in oil production and refinery activities, began to lose strength, easing fears of a supply shortage. As a result, crude futures fell, with Brent and West Texas Intermediate (WTI) benchmarks experiencing notable losses.

The drop in prices also comes amid broader concerns about global economic growth and its impact on oil demand. Analysts have been monitoring these factors closely, with fluctuations in the energy market continuing to be driven by geopolitical uncertainties and weather-related events like hurricanes.

While Hurricane Rafael's threat subsided, traders remain cautious, aware of the ongoing volatility in the oil markets. Despite the dip, oil prices remain elevated compared to historical levels, driven by underlying factors such as geopolitical tensions and the ongoing energy transition.

Infrastructure Urban

11 Mar 2026

India Expands Semiconductor Training To 500 Institutions

Under the Chips to Startups programme of the India Semiconductor Mission, the Union minister responsible for Railways, Information and Broadcasting, and Electronics and IT reported notable progress in talent development. He indicated that over the past four years substantial steps have been taken towards a 10-year target of training 85,000 engineers in semiconductor design. World-class EDA tools have been deployed in 315 academic institutions across the country to provide students with practical exposure to chip design. These EDA tools are supported by leading global firms and are accessible t..

Delhi Institutions Support India Semiconductor Mission

The Government of India has prioritised talent development through training, upskilling and workforce development under the Chips to Startups initiative of the India Semiconductor Mission, with officials noting progress in four years towards a 10-year target of training 85,000 engineers in semiconductor design. Electronic design automation tools provided by Synopsys, Cadence, Siemens, Renesas, Ansys and AMD have been deployed in 315 academic institutions, enabling students to gain practical chip design experience. Chips have been fabricated and tested at the Semiconductor Laboratory, Mohali, a..

NHA Announces Winners Of NHCX Hackathon At IIT Hyderabad

The National Health Authority (NHA) has concluded the NHCX Hackathon under the Ayushman Bharat Digital Mission (ABDM) to stimulate innovation around the National Health Claims Exchange (NHCX). The winning teams presented their solutions at the NHCX Innovation Meet held at IIT Hyderabad during a two-day event in March 2026 that also served as the hackathon grand finale. The hackathon itself ran from 22 to 28 February 2026 and aimed to accelerate paperless, transparent claims processing across India. The event was organised with a range of ecosystem partners, including the Insurance Regulatory a..