Bitcoin hit close to $40,000, a two-week high, on Monday. This is after Tesla CEO Elon Musk while defending criticism over his influence on the market, said the carmaker may resume transactions using digital currency. “When there’s confirmation of reasonable (~50%) clean energy usage by miners with the positive future trend, Tesla will resume allowing Bitcoin transactions,” Musk Tweeted. Bitcoin rose 33% this year but went south from a record peak of above $60,000.
Honeywell announces partnership with DRDO and the Government of India to supply molecular sieve adsorbents to accelerate the setting up of Medical Oxygen Plants in the country. Honeywell said it has been a strong partner with both state-owned and private Indian firms. “We are committed to helping India address the pandemic and is making every effort to find meaningful ways to engage with the GoI in the fight to save lives,” said Dr. Akshay Bellare, President, Honeywell India.
John Cherian has joined UAE headquartered Continental Group International as CTO. In his new role, Cherian will be responsible for improving customer experience and digital transformation using new-age tech for the insurance and financial service provider. Cherian, in the recent past, was IT Director and Business Partner- Honeywell Building Solutions- Europe and META and has 19 years of experience. He has also worked with NetApp and Ocwen Financial solutions.
SAP-certified data centre provider Web Werks has launched its second eco-friendly data centre in Pune and it’s fourth in India. It has Honeywell and Spectra Security Systems, which makes it highly secure. Also, it will act as a disaster recovery zone for data centres in Mumbai and Delhi NCR. The standalone 35K sqft structure is a Tier 3 Uptime designed facility with 5MW of power and a total capacity of 10MW. It offers interconnected platforms for cloud-adoption.