GOCL ( Gulf Oil Corporation ) Gulf Oil Corporation (GOCL) is engaged in manufacturing industrial explosives, mining products, lubricants, specialty oils and chemicals, active pharma ingredients (bulk drugs), and pharma formulations. About Gulf of India The Chemical Hub of Hinduja Group was created with Gulf Oil India Limited merging with IDL Industries Limited from 1st January 2002. The merger has enabled the Company to leverage the large marketing networks of lubricants and industrial explosives businesses and achieve a turnover for the financial year 2008-09 of Rs.1000 crore (US$200 million). Exports accounted for 5% of the turnover. IDL Industries Limited was renamed GULF OIL Corporation Limited with the merger of Gulf Oil India’s business. A property Development Division was started in the Company in 2006. With effect from 1st April 2008, the business of specialty chemicals Division has been transferred to a 100% subsidiary – IDL Speciality Chemicals Limite...

The world's largest Ethereum mining company, Sparkpool, has said it will stop providing services to Chinese miners . Yesterday, the People's Bank of China issued a new notice, which will introduce tougher measures to further crack down on cryptocurrency trading and mining activities. While China's Development and Reform Commission, has also warned to "root up" crypto miners operating in the country. In response to the above moves from the Chinese authorities, Sparkpool recently announced that it will suspend some operations in China, such as stopping providing cryptocurrency mining services to "miners" in this country. Sparkpool is currently headquartered in Hangzhou and in the near future if the situation remains tense, the company may consider moving its headquarters to another country. Overcoming many other names, Sparkpool is currently considered the largest Ethereum mining pool in the world based on hash rate as of now, accounting for about 20% of ...

BTC's lack of integration with traditional finance and the inability to be forcibly sold to cover financial losses mean the price may not 'collapse' in the event of a global stock market crash. One of the reasons behind Bitcoin's ( BTC ) volatility , the sharp price swings that happen regularly, is the discrepancy of its use cases. Some observers call it “digital gold,” a perfect and truly rare store of value (SoV). Others see Bitcoin as a technology project or a type of software with a corresponding network. Adoption in El Salvador as legal tender will likely highlight the medium of exchange (MoE) functionality provided by the Lightning Network. The layer-2 scaling solution enables instant and incredibly cheap transfers, even though it requires regular on-chain transactions to enter or exit this parallel network. As these Bitcoin narratives transform over time, BTC's correlation to traditional assets does the same. For example, there have been long periods of stron...

Today, due to China's financial woes, markets are in the red, including crypto markets.  The main problem is the possible bankruptcy of the real estate giant Evergrande, caused by an excess of debt that the company is unable to repay.  Evergrande in danger from the financial crisis In China, the real estate bubble that has swelled in recent years now seems to have burst, and bad debts (NPLs, non-performing loans) are also on the rise, so there is a serious risk that the Evergrande case could trigger a deep financial crisis in the Country.  But according to some analysts the situation would be less serious than it might appear.  The fact is that global financial markets still haunt the specter of the Lehman Brothers bankruptcy, which occurred in September 13 years ago , which triggered a real generalized collapse of the financial markets. But the current Chinese situation would appear to be different.  According to Barron's , China is planning a sort of "controll...