<ul class="summary-list"><li>TC Energy has shut the Keystone pipeline which ships crude from Alberta to the US.</li><li>It halted operations after 14,000 barrels of crude oil spilled into a creek in Kansas.</li></ul>Canada's TC Energy has shut the Keystone pipeline — which connects Alberta to the US — after 14,000 barrels of crude oil spilled into a creek in Kansas.Pipe operator <a href="https://www.tcenergy.com/incident/milepost-14-incident/">TC Energy</a> announced the pipeline's shutdown at 5.35 a.m. CT on Thursday. The Canadian company said it initiated an energy shutdown and response at 8 p.m. CT on Wednesday after alarms went off detecting a pressure drop in the system.The cause of the leak is not known. It is not immediately clear as of presstime when the pipeline is expected to come back online.The affected segment of the Keystone pipeline system "has been isolated" and remains shut, the company said. The leak at Keystone is the largest oil leak since a Tesoro Corp. pipeline leak in October 2013 that released more than 20,000 barrels of oil in North Dakota, <a href="https://www.reuters.com/business/energy/keystone-pipeline-shut-after-oil-spill-into-kansas-creek-2022-12-08/">Reuters</a> reported, citing data from the US Pipeline and Hazardous Materials Safety Administration, or PHMSA. It's the Keystone's seventh spill since starting operations in June 2010, Reuters reported, citing PHMSA data. The <a href="https://www.phmsa.dot.gov/sites/phmsa.dot.gov/files/2022-12/TC%20Oil%20CAO.3-2022-074.pdf">PHMSA</a> on Thursday said it's investigating the leak. It has ordered TC Energy to keep the pipeline shut until it authorizes a restart.Leaks from Keystone are problematic because the pipeline carries tar sands and spills containing this substance are <a href="https://www.businessinsider.com/keystone-xl-pipeline-tar-sand-dirtiest-fossil-fuel-danger-2017-1">harder to clean up.</a> Fears about such spills have already thwarted the Keystone XL oil pipeline extension projection, which <a href="https://www.businessinsider.com/biden-takes-immediate-action-climate-rejoins-paris-accord-keystone-2021-1" rel="">President Joe Biden</a> canceled in January 2021, even though the construction had already begun. Keystone's shutdown sent US West Texas Intermediate futures soaring over 4% to top $75 a barrel on Thursday. But the strong gains did not hold — US crude futures were at $71.92 at 2.26 a.m. ET on Friday."Our primary focus right now is the health and safety of onsite staff and personnel, the surrounding community, and mitigating risk to the environment," said TC Energy in a public statement.TC Energy did not immediately respond to Insider's request for comment sent outside regular business hours.

Canada's TC Energy has shut the Keystone pipeline after one of the largest onshore spills saw 14,000 barrels leak into a Kansas creek

<ul class="summary-list"><li><keyword id="7208507" type="UNKNOWN" weightage="60" keywordseo="tc-energy">TC Energy</keyword> Corp announced they would cancel the <keyword id="870614" type="PERSON" weightage="60" keywordseo="Keystone-XL-pipeline">Keystone XL pipeline</keyword> Wednesday. </li><li>The move comes months after President Joe Biden revoked a key permit for the pipeline.</li><li>The move is a win for environmentalists who have opposed the project for a decade. </li></ul>Environmentalists secured a win on Wednesday when <keyword id="6356687" type="LOCATION" weightage="60" keywordseo="canada">Canada</keyword>'s TC <keyword id="6357014" type="ORGANIZATION" weightage="100" keywordseo="energy">Energy</keyword> Corp and the Albertan provincial government announced they would cancel the controversial <keyword id="1719769" type="PERSON" weightage="60" keywordseo="Keystone-XL">Keystone XL</keyword> pipeline, more than a decade after it was first proposed.The 1,200-mile line was an effort to carry more Canadian crude through the US, including Montana, South Dakota, to Steele City, Nebraska. The pipeline would have moved 35 million gallons of crude each day, connecting to other pipelines that feed refineries along the Gulf Coast, according to <a href="https://abc11.com/keystone-xl-pipeline-status-map-tc-energy-biden/10767742/">The Associated Press.</a>The project has been a point of contention among environmental activists and community groups for years.The decision to abandon the project was expected after President Joe Biden revoked the pipeline's permit to cross into the US's northern border in January. Construction on the pipeline shut down that same day. "We value the strong relationships we've built through the development of this Project and the experience we've gained," TC Energy President and CEO François Poirier said in a <a href="https://www.tcenergy.com/announcements/2021-06-09-tc-energy-confirms-termination-of-keystone-xl-pipeline-project/">statement</a>.

Developer of Keystone XL oil project abandons pipeline

<ul class="summary-list"><li>President Biden revoked a key permit for the Keystone XL pipeline in 2021.</li><li>The pipeline's developer officially terminated the project in June.</li></ul>A Canadian politician is pushing for the the revival of the Keystone XL <keyword id="11896879" type="UNKNOWN" weightage="60" keywordseo="oil" source="Orion">oil</keyword> pipeline project that <a href="https://www.businessinsider.com/biden-takes-immediate-action-climate-rejoins-paris-accord-keystone-2021-1">President Joe Biden</a> canceled in January 2021. The move would boost US <keyword id="11917806" type="UNKNOWN" weightage="60" keywordseo="energy" source="Orion">energy</keyword> security amid the war in <keyword id="11985141" type="UNKNOWN" weightage="60" keywordseo="ukraine" source="Orion">Ukraine</keyword>."If the United States is serious about this, they could come back to the table and help us build Keystone XL," <a href="https://globalnews.ca/video/8665888/alberta-premier-pushing-usa-to-resume-keystone-xl-expansion">Alberta Premier Jason Kenney</a> said at a <keyword id="11893589" type="UNKNOWN" weightage="100" keywordseo="news" source="Orion">news</keyword> conference on Monday, according to a video posted to <keyword id="6356687" type="UNKNOWN" weightage="60" keywordseo="canada" source="Orion">Canada</keyword>'s Global News website.Kenney added that had Biden not shut down plans for the pipeline, the "democratic energy" it provided could have, by the end of the year, been displacing the "Russian conflict oil that's filled with the blood of Ukrainians."The Obama administration rejected the pipeline due to environmental concerns, but <a href="https://www.nytimes.com/2017/01/24/us/politics/keystone-dakota-pipeline-trump.html">President Donald Trump</a> revived the project in 2017 and construction started in 2020. The pipeline's developer, <a href="https://www.tcenergy.com/announcements/2021/2021-06-09-tc-energy-confirms-termination-of-keystone-xl-pipeline-project/">TC Energy,</a> terminated the $9 billion project in June. Less than 10% of the pipeline had been constructed when Biden revoked a key permit last January, according to the <a href="https://www.reuters.com/article/factcheck-keystonepipelinexl-builtandpai/fact-check-though-keystone-xl-pipeline-had-secured-most-of-its-funding-it-was-only-8-constructed-idUSL1N2LA2SQ">Reuters Fact Check</a> team.The <a href="https://www.google.com/search?q=keystone+xl+runs+from+alberta+in+canada&amp;rlz=1C5CHFA_enSG973SG973&amp;ei=YvomYoHrBP-vptQPzIqnyAk&amp;ved=0ahUKEwiBpKyQ9LX2AhX_l4kEHUzFCZkQ4dUDCA4&amp;uact=5&amp;oq=keystone+xl+runs+from+alberta+in+canada&amp;gs_lcp=Cgdnd3Mtd2l6EAMyBAgAEEcyBAgAEEcyBAgAEEcyBAgAEEcyBAgAEEcyBAgAEEcyBAgAEEcyBAgAEEc6BwgAEEcQsANKBAhBGABKBAhGGABQ5wJY3glg_gpoAXACeACAAfkDiAGtB5IBBTQtMS4xmAEAoAEByAEIwAEB&amp;sclient=gws-wiz">Keystone XL pipeline</a> was slated to cover about 1,240 miles from Alberta to Nebraska, and to be able to carry 830,000 barrels of crude oil a day, per the <a href="https://www.alberta.ca/keystone-xl-pipeline-project.aspx">Alberta government's website.</a> The US imported about 209,000 barrels of crude oil each day from <keyword id="11894337" type="UNKNOWN" weightage="60" keywordseo="russia" source="Orion">Russia</keyword> in 2021, according to the <a href="https://www.afpm.org/newsroom/blog/oil-and-petroleum-imports-russia-explained">American Fuel and Petrochemical Manufacturers</a> trade association.Kenney said the Keystone XL pipeline could be built by the first quarter of 2023 if the Biden administration gives the go ahead, according to Global News. Calgary-based TC Energy told Insider the existing <keyword id="13334400" type="UNKNOWN" weightage="60" keywordseo="keystone-pipeline" source="Orion">Keystone pipeline</keyword> system "will continue to provide unique, stable and safe source of energy to meet increasing US energy demands." <h2>Oil prices surge</h2>The US is now considering a <a href="https://www.reuters.com/business/energy/us-prepared-move-alone-banning-russian-oil-imports-sources-2022-03-07/">ban on Russian oil</a> imports on its own, according to <a href="https://www.reuters.com/business/energy/us-prepared-move-alone-banning-russian-oil-imports-sources-2022-03-07/">Reuters,</a> citing two people familiar with the matter. This would come at a sensitive time as oil prices have surged 60% this year to a multiyear high.White House press secretary Jen Psaki suggested Monday that resuming the Keystone XL pipeline project would not affect gas prices. This is as "the oil is continuing to flow in, just through other means. So it actually would have nothing to do with the current supply imbalance," <a href="https://www.whitehouse.gov/briefing-room/press-briefings/2022/03/07/press-briefing-by-press-secretary-jen-psaki-march-7th-2022/">Psaki</a> said, according to an official transcript."What we can do to prevent this from being a challenge in future crises, the best thing we can do, is reduce our dependence on fossil fuels and foreign oil, because that will help us have a reliable source of energy so that we're not worried about gas prices going up because of the whims of a foreign dictator," <a href="https://www.whitehouse.gov/briefing-room/press-briefings/2022/03/07/press-briefing-by-press-secretary-jen-psaki-march-7th-2022/">Psaki</a> added.US crude oil production reached 11.8 million barrels a day in <a href="https://www.eia.gov/outlooks/steo/report/us_oil.php">November</a> and is set to rise to record highs at 12 million barrels a day in 2022 and 12.6 million barrels a day in 2013, according to the <a href="https://www.eia.gov/todayinenergy/detail.php?id=51318">Energy Information Administration.</a>

The premier of Alberta is pushing for the revival of the Trump-backed Keystone XL oil pipeline to replace Russian imports to the US

Water heaters consume heavy power so it’s important to buy one that is energy efficient. These water heaters are 5-star rated which means that they heat water fast but using minimum energy and power. It’s a much better value for money option over <a href="https://www.businessinsider.in/insider-reviews/best-water-heater-in-india/articleshow/83874751.cms" data-type="tilCustomLink">water heaters</a> that are 3-star rated or less. With these water heaters, you won’t end up with a high electricity bill. Most of the popular water heaters are 5-star rated and come in different capacities like 15 litres or 25 litres. So here’s a list of the best 5-star Rated Water heaters for saving on electricity costs. <bulletContentEmbed name="B08WRKSF9D" columns="1"><bulletContentHeading name="B08WRKSF9D_head"><columnHead col="1"><columnHeadThumb> <div type="image" title="Recommended" msid="86586393" hostid="261"></div></columnHeadThumb><columnHeadTitle>B08WRKSF9D</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B08WRKSF9D_body"><bulletContentRow name="B08WRKSF9D_6540651617778293"><bulletContentRowHeading><bulletContentRowHead col="1">V-Guard Divino Storage 15 Litre Vertical Water Heater</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This is another vertical water heater with a 5-star rating that you can go for. It has a capacity of 15 litres and is more affordable as well. It is equipped with an extra thick and high-density CFC to free PUF insulation for maximum heat retention. The water heater has an advanced vitreous enamel coating to protect the inner tank. It also features an incoloy 800 heating element that ensures sustained performance. You also get an extra thick magnesium anode for added protection.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B08WRKSF9D_0305669929263119"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">The V-Guard water heater is equipped with an advanced thermostat and thermal cut-out mechanism for dual overheat protection.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B01892MIPA" columns="1"><bulletContentHeading name="B01892MIPA_head"><columnHead col="1"><columnHeadThumb> <div type="image" title="Durable design" msid="86586408" hostid="261"></div></columnHeadThumb><columnHeadTitle>B01892MIPA</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B01892MIPA_body"><bulletContentRow name="B01892MIPA_4934150228382593"><bulletContentRowHeading><bulletContentRowHead col="1">AO Smith HSE-VAS-X-015 Storage 15 Litre Vertical Water Heater</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">The AO Smith vertical water heater has a 5-star rating and a capacity of 16 litres. It features a blue diamond glass-lined tank for 2X corrosion resistance. The outer body of the water heater is made of metal. It is also equipped with a blue diamond glass-lined tank for 2X corrosion resistance, and a glass-coated heating element to prevent scale formation. This also helps extend the life of the heating element.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B01892MIPA_2751130318500690"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">You get a warranty of seven years on the inner tank and up to three years on the glass coated heating element.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B07TC9F7PN" columns="1"><bulletContentHeading name="B07TC9F7PN_head"><columnHead col="1"><columnHeadThumb> <div type="image" title="Also consider" msid="86586421" hostid="261"></div></columnHeadThumb><columnHeadTitle>B07TC9F7PN</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B07TC9F7PN_body"><bulletContentRow name="B07TC9F7PN_5352595235857701"><bulletContentRowHeading><bulletContentRowHead col="1">Racold Eterno Pro 25Litres Vertical 5 Star water heater</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">The Racold Eterno Pro vertical 5-star water heater has a capacity of 25 litres. It features a titanium enamelled heating element that is said to give better efficiency and strength. The water heater also comes with a special function that helps save up to 30% electricity. You can also choose options from bucket bath or shower bath. It also has a special deflector that causes slow mixing of cold and hot water in the tank.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B07TC9F7PN_4963304613045120"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">The Racold Eterno Pro vertical water heater features a special anode to protect the heating element. As for the inner container, there’s a polymer protective coating around it.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B08GSQNR61" columns="1"><bulletContentHeading name="B08GSQNR61_head"><columnHead col="1"><columnHeadThumb> <div type="image" title="Extra protection" msid="86586458" hostid="261"></div></columnHeadThumb><columnHeadTitle>B08GSQNR61</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B08GSQNR61_body"><bulletContentRow name="B08GSQNR61_0507107131674843"><bulletContentRowHeading><bulletContentRowHead col="1">Crompton Arno Neo 25-L 5 Star Rated Storage Water Heater</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This is another 25 litres 5-star water heater that you can go for. It comes with a 3-level safety capillary thermostat with an automatic thermal cutout and multi-functional valve for higher safety. It features a magnesium anode that prevents corrosion that’s caused by hard water quality. The water heater also has an ISI marked nickel-coated special element to provide resistance against scale formation.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B08GSQNR61_2194380002194087"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">On this Crompton water heater, you have a warranty of five years on the tank, two years on the heating element and two years on the product.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B07YLZX91D" columns="1"><bulletContentHeading name="B07YLZX91D_head"><columnHead col="1"><columnHeadThumb> <div type="image" title="Good design" msid="86586479" hostid="261"></div></columnHeadThumb><columnHeadTitle>B07YLZX91D</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B07YLZX91D_body"><bulletContentRow name="B07YLZX91D_5318182358488262"><bulletContentRowHeading><bulletContentRowHead col="1">Usha Misty 25 Ltr 2000-Watt 5 Star Storage Water Heater</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This Usha Misty 5-star water heater also has a capacity of 25 litres. It uses the whirl flow technology for faster heating and maximum energy saving. The water heater comes with copper heating elements that ensure silent heating. It has a magnesium anode to prevent rust and corrosion that enhances the life of the water heater even with hard water. It comes with PUF insulation that reduces heat loss, improves energy efficiency and thereby enables faster heating.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B07YLZX91D_4951826715601096"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">You also get a single weld line on the inner tank that helps reduce the risk of water leakage.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed>

Best five star rated water heaters for energy-efficient heating in India

<ul class="summary-list"><li>US stock futures broadly rose on Friday as declining retail sales offset inflation fears.</li><li>S&amp;P and Nasdaq futures climbed, while the 10-year Treasury yield and dollar were almost flat.</li></ul>US stocks were primed to open higher on Friday as signs of softening consumer demand tempered concerns of stubborn inflation.<a href="https://markets.businessinsider.com/futures/s&amp;p-500-futures">S&amp;P 500 futures</a> were up 0.2% shortly after 5 a.m. ET, building on the benchmark stock index's 0.6% gain on Thursday that saw it <a href="https://markets.businessinsider.com/news/stocks/stock-market-news-today-dow-retail-sales-investors-economy-finance-2024-2">close at a record</a> 5,030 points. <a href="https://markets.businessinsider.com/futures/nasdaq-100-futures">Nasdaq 100 futures</a> climbed 0.6%, while <a href="https://markets.businessinsider.com/futures/dow-futures">Dow Jones Industrial Average futures</a> slid by 0.1%.Meanwhile, the key <a href="https://markets.businessinsider.com/rates/u-s--rates-10-years?miRedirects=1">10-year Treasury yield</a> inched up to 4.264%, close to a two-month high. The <a href="https://markets.businessinsider.com/index/us-dollar-index">US Dollar Index</a> was almost flat at around 104, well above its December low of under 101.Wall Street was rattled this week after headline inflation in January <a href="https://www.businessinsider.com/inflation-cpi-consumer-price-index-january-housing-food-energy-prices-2024-2#:~:text=Inflation%20comes%20in%20hotter%20than%20expected&amp;text=The%20consumer%20price%20index%20rose,month%20over%20month%20in%20January.">didn't drop below 3%</a> as widely predicted. But retail sales slid by a larger-than-expected 0.8% last month, government data revealed on Thursday, helping to allay fears of an overheated economy and persistently high interest rates.Ipek Ozkardeskaya, a senior analyst at Swissquote Bank, suggested in a morning note that investors would have celebrated strong retail sales too, as they'd view it as fresh evidence that a recession has been avoided."We are coming to a point where the economic data becomes meaningless," she said. "Whatever the data prints, the US stock market finds a positive narrative to keep the rally going. It's, of course, blind optimism; investors are blinded by the brilliance of the rate cuts at the tunnel's end.""Today, the US will reveal the latest producer price update," she continued. "The producer price inflation is expected to have slowed in January. And if it didn't, it doesn't matter."Companies slated to report <a href="https://markets.businessinsider.com/earnings-calendar">earnings</a> later include TC Energy, Vulcan Materials, and Cinemark.On the <a href="https://markets.businessinsider.com/economic-calendar">economic front</a>, Wall Street will be looking out for not just producer price data, but figures for housing starts in January, and scheduled comments from two Federal Reserve officials, Michael Barr and Mary Daly.

Stock market today: S&P and Nasdaq futures rise as retail sales dip calms inflation fears

<ul><li>This is the <keyword id="19516533" type="General" weightage="20" keywordseo="first-ipo" source="Orion">first IPO</keyword> from the House of Tatas in 19 years, after <keyword id="6357150" type="General" weightage="20" keywordseo="tcs" source="Orion">TCS</keyword> listed in 2004.</li><li>Investors can bid for a minimum of 30 shares and in multiples thereof.</li><li>It’s a complete offer for sale with its promoter <keyword id="42747" type="General" weightage="20" keywordseo="tata-motors" source="Orion">Tata Motors</keyword> and others offloading stake. </li></ul><keyword id="194006" type="General" weightage="20" keywordseo="tata-technologies" source="Orion">Tata Technologies</keyword>’ ₹3,042 crore initial public offer (IPO) will open for subscription on November 22 and close on November 24. It has fixed a price band of ₹475-500 for the issue. Investors can bid for a minimum of 30 shares and in multiples thereof. This is the first IPO from the House of Tatas in 19 years, after TCS listed on the bourses in 2004. And, it’s also the third biggest IPO to hit the markets this year after Mankind Pharma and Nexus Select Trust. The issue is a complete offer for sale by the promoter Tata Motors, and other investors like Alpha TC Holdings and Tata Capital Growth Fund I. Tata Motors will be offloading 11.4% stake in Tata Technologies, and not the 20% as mentioned in its DRHP earlier. Last month, Tata Motors sold 9.9% stake to TPG Rise-led investors for ₹1,613.7 crore. About the company Tata Technologies is a global engineering research and development (ER&amp;D) company offering outsourced engineering and digital transformation services to manufacturing clients. Its anchor clients include its promoter Tata Motors and its subsidiary, Jaguar Land Rover. It also has a clientele in electric vehicles and keen on the growth opportunities in the aviation sector. It also re-sells third-party software applications, and provides value-added services such as consulting, implementation, systems integration and support. It also provides ‘phygital’ education solutions in manufacturing skills in the latest manufacturing technologies. The book running lead managers expressed confidence in the demand from the issue. “Based on the investor meetings, we are confident of good response from retail investors as well as HNIs for the IPO. It’s a high quality business from the Tatas,” Arvind Vashishta, managing director, head of India equity capital markets, Citigroup said at the IPO press conference. Along with Citi, J M Financial and BofA Securities are the book running lead managers of the issue. Link Intime India is the registrar of the issue. Financials &amp; Risk Factors In FY23, the company’s revenue from operations grew 25% and its net profit grew 47% from the year before. Its EBITDA margins also expanded to 18.6% in FY23 from 18.2% in FY22. “We used the growth in topline and margins to build a business with cash flows. We have taken advantage of the growth journey to build efficiencies into the system. Our capital-light business model also helped expand the bottomline,” Savita Balachandran, CFO of Tata Technologies said at the IPO press conference. Its listed peers are KPIT Technologies, L&amp;T Technology Services and Tata Elxsi. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"><colgroup></colgroup><col /><col /><col /><col /><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY23 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY22 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY21 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue from operations </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4,414 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹3,529 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹2,380.9 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Net profit </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹624 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹436.9 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹239 crore </td></tr></tbody></table>Source: RHP The company said in its RHP that it derives a material portion of revenues from top five clients which include its anchor clients. And any deterioration of their business, it may have a material adverse effect on its business. Apart from entering into related party transactions, it also competes with its group companies like Tata Consultancy Services and Tata Elxsi. It also expects significant revenues to come from new energy vehicle companies, many of them maybe startup companies. “Uncertainties about their funding plans, future product roadmaps, ability to manage growth, creditworthiness and ownership changes may adversely affect our business, financial condition and results of operations,” Tata Technologies said. Its recent expansion of its education business, liability to damages for clients on account of system failures and more; any change in tax holidays to SEZs and licensing agreements with Tata Sons are the other risk factors listed in it. While it has undertaken one criminal proceeding, it has two such proceedings against it along with 17 tax proceedings, and 4 statutory or regulatory proceedings — amounting to ₹141 crore. Its promoter Tata Motors however has undertaken 80 criminal proceedings and 4 material civil litigations amounting to a liability of ₹2,797 crore. It also has 34 criminal cases against it and 817 tax proceedings, one statutory or regulatory proceeding and two disciplinary actions by SEBI or exchanges amounting to ₹4,503 crore.

Tata Technologies IPO to open on November 22, price band fixed at ₹475-500

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<ul class="summary-list"><li><keyword id="11902537" type="UNKNOWN" weightage="60" keywordseo="tim-cook" source="Orion">Tim Cook</keyword>, <keyword id="12360987" type="UNKNOWN" weightage="60" keywordseo="adam-neumann" source="Orion">Adam Neumann</keyword>, and <keyword id="12204684" type="UNKNOWN" weightage="60" keywordseo="ken-griffin" source="Orion">Ken Griffin</keyword> spoke at the DealBook summit this week.</li><li>The <keyword id="11894021" type="UNKNOWN" weightage="60" keywordseo="apple" source="Orion">Apple</keyword> CEO and <keyword id="12085544" type="UNKNOWN" weightage="60" keywordseo="wework" source="Orion">WeWork</keyword> cofounder disclosed they have invested in <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword>.</li></ul>Apple CEO Tim Cook, WeWork cofounder Adam Neumann, and <keyword id="12204682" type="UNKNOWN" weightage="60" keywordseo="citadel" source="Orion">Citadel</keyword> CEO Ken Griffin discussed cryptocurrencies and a slew of other subjects at the <a href="https://www.nytdealbookconference.com/2021">DealBook Online Summit</a>, hosted by The New York Times this week.Cook revealed he's personally invested in crypto, Neumann touted WeWork's prospects in the post-pandemic world, and Griffin reflected on getting caught up in the GameStop saga earlier this year.<h2>Here are the 10 best quotes from Cook, Neumann, and Griffin, lightly edited and condensed for clarity:</h2>TC: "I wouldn't invest our cash balance in crypto. I don't think people buy Apple stock to get exposure to crypto."TC: "I do, yeah. I think it's reasonable to own it as a part of a diversified portfolio. I've been interested in it for a while, and I've been researching it." - answering a question about whether he personally owns any crypto.AN: "When the whole world is telling you that, yes we believed, and we thought it was really happening." - reflecting on how he accepted WeWork's <a href="https://www.businessinsider.com/weworks-nightmare-ipo?r=US&amp;IR=TIR=T">$47 billion valuation</a> as a private company. Its market capitalization is below $7 billion today.AN: "Co-working in the time of corona is not the world's best idea. Flexible offices and community in the post-corona world, when work has shifted, might turn out to be one of the best ideas."AN: "WeWork is a public company, it's valued in the billions of dollars, and it's positioned to be a real winner. If you're gonna say that it's a house of cards or it's fraud, that's just false."AN: "We've gotten pretty excited about crypto over the past half a year." - Neumann said his family office initially invested in three crypto-exposed companies, and he and his team have since looked at DeFi and Klima, a carbon-capture protocol.KG: "We're seeing a market that is showing signs of real frothiness. We've got some pretty significant stock-price moves on relatively small events. I worry that as as we move away from fundamental values, as multiples become incredibly high, any form of either policy error or a company having a bad spell is going to result in a pretty dramatic repricing of equities."KG: "We don't want tax policy to drive great entrepreneurs like Elon Musk out of their seats. Part of what has made America a great source of innovation is the fact that our entrepreneurs are well-rewarded for what they create." - cautioning against <a href="https://www.businessinsider.com/elon-musk-tesla-stock-sale-democrats-billionaires-tax-ron-wyden-2021-11?r=US&amp;IR=TIR=T">raising taxes on billionaires</a>.KG: "People are very focused in a world of new ideas and new creations. I love that part of America. I worry that some of this passion is misplaced when it comes to cryptocurrencies." - Griffin raised concerns about crypto's fraud risk and energy consumption, and the difficulty of valuing it.KG: "The whole GameStop conspiracy theory, it was fascinating to to be in the middle of that. This is like a bad comedy joke, it's like a Saturday Night Live skit but in real time." - GameStop investors <a href="https://markets.businessinsider.com/news/stocks/citadel-ken-griffin-robinhood-gamestop-meme-stocks-conspiracy-theorists-2021-9">accused</a> Griffin and Citadel of abusing their market power, but a Securities and Exchange Commission <a href="https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf">report</a> on the incident found no evidence of that, and debunked several conspiracy theories.

Apple's Tim Cook, WeWork's Adam Neumann, and Citadel's Ken Griffin discussed crypto and other big topics this week. Here are the 10 best quotes.

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Whenever we think of revamping any space or experimenting with decor themes, we instantly get lured to bag a few <keyword id="887930" type="General" weightage="20" keywordseo="neon-lights" source="Orion">neon lights</keyword> and lamps. Neon LED lights can change the overall feel of any room with their vibrant character and they can be used at various corners and areas. These lights are all the rage because of their flexibility, longevity and feasibility, when compared to other traditional decor lights. So if you've been browsing for aesthetic decor ideas, then take a look at our list of 6 neon lights that work as adorable gifts as well. These neon LEDs can jazz up your space within seconds of installation and the soft light emitted by them will surely relax your mind. <bulletContentEmbed name="B096NW4C4D" columns="1"><bulletContentHeading name="B096NW4C4D_head"><columnHead col="1"><columnHeadThumb><div type="image" title="Lightweight Design" msid="88739801" hostid="261"></div></columnHeadThumb><columnHeadTitle>B096NW4C4D</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B096NW4C4D_body"><bulletContentRow name="B096NW4C4D_2138430306158674"><bulletContentRowHeading><bulletContentRowHead col="1">Miradh Neon Love Signs Light</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This romantic neon sign is a must-buy, if you're looking to incorporate cute decor elements in your space. Be it your bedroom, hall room, porch or balcony, this sturdy sign will sit well amid any setup and it will instantly emit a warm, welcoming glow. This lightweight lamp comes with two holes in the back, so it can be hung on the wall or placed on your desk, as per your wish. It requires 3 AA batteries to light up and when not in use, it is advisable to keep the batteries stored away. It is delivered in a gift box, so it works as the perfect Valentine Day gift for your sweetheart and also as a birthday present for your dear ones. You can even buy it for yourself, as a token of self-love!</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B096NW4C4D_4716964650061765"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This romantic neon sign can be hung on the wall or placed on a desk.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B082WB85XM" columns="1"><bulletContentHeading name="B082WB85XM_head"><columnHead col="1"><columnHeadThumb><div type="image" title="Battery Operated" msid="87326215" hostid="261"></div></columnHeadThumb><columnHeadTitle>B082WB85XM</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B082WB85XM_body"><bulletContentRow name="B082WB85XM_0277912425968161"><bulletContentRowHeading><bulletContentRowHead col="1">Xergy Colorful Rainbow LED Neon Light with Holder Base</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This battery-powered neon rainbow lamp is just the cutesy addition your room needs! Durable, sturdy and made of super-light premium plastic, this neon lamp produces no heat even after prolonged use and it has an energy-saving feature as well. It comes with a 3-month warranty and wherever placed, be it on a study desk or your bedside table, this neon lamp will instantly effuse a cozy vibe. So if there is an upcoming birthday celebration or a housewarming party, this neon rainbow lamp should be considered as a fitting gift.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B082WB85XM_7145981741401012"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This battery-powered neon rainbow lamp is durable, sturdy and has a 3-month warranty.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B09H3BSDWB" columns="1"><bulletContentHeading name="B09H3BSDWB_head"><columnHead col="1"><columnHeadThumb><div type="image" title="Bendable Light" msid="87326269" hostid="261"></div></columnHeadThumb><columnHeadTitle>B09H3BSDWB</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B09H3BSDWB_body"><bulletContentRow name="B09H3BSDWB_7003671476199878"><bulletContentRowHeading><bulletContentRowHead col="1">Doji LED Neon Rope Light</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">Made up of 120 lights, this side-emitting neon LED rope is flexible, immune to heat, waterproof and highly weather-resistant. All these features make it especially ideal for outdoor use and it is also safer than other traditional light strips, with a promise of longevity. Further, this silicone neon strip emits soft, even light and it can be moulded into different shapes or as per various angles. You can use this neon strip to brighten up your cabinets, windows, mirrors, doors and so on.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B09H3BSDWB_7699304467607899"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">Made up of 120 lights, this side-emitting neon LED rope is flexible, heat-resistant and waterproof.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B09FHV7MMG" columns="1"><bulletContentHeading name="B09FHV7MMG_head"><columnHead col="1"><columnHeadThumb><div type="image" title="Weather-Resistant" msid="87326294" hostid="261"></div></columnHeadThumb><columnHeadTitle>B09FHV7MMG</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B09FHV7MMG_body"><bulletContentRow name="B09FHV7MMG_3765077643601103"><bulletContentRowHeading><bulletContentRowHead col="1">Gesto 5 Meter Neon Flexi LED Rope Light</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This waterproof and power-saving neon LED strip with a life of 50,000 hours, is wrapped in flexible plastic and has multiple uses. It can be used to decorate buildings, gates, windows and other such areas, with absolute ease. For enhanced creative freedom, you can cut this 5-meter-long rope into meter-long strips by carefully following the dots marked on the body. Additionally to stick this rope, you will need good-quality silicone glue. Overall, this neon LED rope is highly versatile, pocket-friendly and best-suited for decor purposes. This strip also comes in other vibrant neon shades, so grab your picks to give your space a makeover.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B09FHV7MMG_6481521909675250"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This waterproof, weather-resistant and power-saving neon LED strip has a life of 50,000 hours.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B08TC5KNY2" columns="1"><bulletContentHeading name="B08TC5KNY2_head"><columnHead col="1"><columnHeadThumb><div type="image" title="Easy Mount" msid="87326336" hostid="261"></div></columnHeadThumb><columnHeadTitle>B08TC5KNY2</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B08TC5KNY2_body"><bulletContentRow name="B08TC5KNY2_0156994730504099"><bulletContentRowHeading><bulletContentRowHead col="1">Satyam Kraft 1 Piece Cloud Design Neon LED Light</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This neon LED cloud sign can easily be hung on the wall or placed on a desk, as per your choice. Moreover, this cute neon sign produces no heat even after extensive use, which makes it ideal for children's rooms. The lamp is battery-operated and alternatively, it also comes with a USB cord that needs to be plugged in, to power it up. This neon cloud light is an ideal decor accessory, which can amp up the vibe of any space, be it your bedroom, study corner, balcony and so on. The lamp also works as a thoughtful birthday gift, for those who like to experiment with home decor ideas.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B08TC5KNY2_7166109041835696"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This aesthetic neon LED cloud sign is battery-operated and its body produces no heat.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B0859DLBD3" columns="1"><bulletContentHeading name="B0859DLBD3_head"><columnHead col="1"><columnHeadThumb><div type="image" title="Flicker-Free" msid="87326470" hostid="261"></div></columnHeadThumb><columnHeadTitle>B0859DLBD3</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B0859DLBD3_body"><bulletContentRow name="B0859DLBD3_3771714243867791"><bulletContentRowHeading><bulletContentRowHead col="1">Mufasa LED Neon Light Rope</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This neon LED rope light provides flicker-free lighting over a 160⁰ beam angle and it is designed in such a way that it emits brighter light when compared to others of the same league. This leads to a larger area being illuminated and the neon tube design distributes the light evenly around the space. Further, this silicone LED rope light has a long lifespan and is safer to use, as it will not cause fire hazards, short circuits and so on. Overall, these lights are flexible, waterproof and ideal for residential decor. So if you feel like brightening up your space with a sleek lighting solution, then this is what you need to bag right away!</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B0859DLBD3_2531375052176925"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This neon LED rope light provides flicker-free lighting, that spreads evenly over a large space</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed>

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<img src="https://static-ssl.businessinsider.com/image/5e6e3b94c4854054c2472692-2400/2020-03-15t142809z1lynxmpeg2e0l1rtroptp4health-coronavirus-energy-workers.jpg" alt="FILE PHOTO: Crew members look over idle oil rigs in the Gulf of Mexico near Port Fourchon, Louisiana August 11, 2010. REUTERS/Lee Celano/File Photo" />ReutersOil stocks have crashed in step with the price of oil, causing companies to slash their budgets and fire workers. Here, a crew looks over idle rigs in the Gulf of Mexico.<ul class="summary-list"><li style="text-align: left;">Energy stocks crashed over the last three months as the coronavirus pandemic cratered demand for oil, according to new data from S&amp;P Global Market Intelligence. </li><li style="text-align: left;">The top 25 oil and gas companies lost an eye-popping $811 billion altogether in market capitalization between the end of 2019 to the end of March 2020. </li><li style="text-align: left;">Those remarkable losses are <a href="https://www.businessinsider.com/how-top-oil-companies-are-responding-to-the-price-shock-2020-3">sending the industry spiraling</a>, with <a href="https://www.businessinsider.com/how-top-oil-companies-are-responding-to-the-price-shock-2020-3">companies filing for bankruptcy</a>, firing staff, and <a href="https://www.businessinsider.com/how-top-oil-companies-are-responding-to-the-price-shock-2020-3">slashing their 2020 capital expenditure</a>. </li><li style="text-align: left;">Using data provided by S&amp;P, Business Insider ranked the top oil and gas companies by market cap loss in the last three months as a percent. </li><li style="text-align: left;"><a href="https://www.businessinsider.com/?hprecirc-bullet">Visit Business Insider's homepage for more stories</a>.</li></ul>Energy stocks crashed in the first three months of 2020, falling by more than 50%, according to a report published earlier this week by S&amp;P Global Market Intelligence. The broader S&amp;P 500 slid, as well, by about 20%, the firm said. What that looks like in dollars is especially striking. The top 25 oil and gas companies by market capitalization at the end of March lost an eye-popping $811 billion in just three months, falling from a total market capitalization of nearly $2 trillion at the end of last year. Exxon lost about $135 billion during that period, or about 17% of its total value that evaporated. Other supermajors including Shell and Total lost billions, too.Schlumberger took the biggest hit to the value of its shares. According to the S&amp;P, the oilfield services company lost $36.9 billion, or 66% of its market capitalization. Refiners and pipelines companies "saw particularly wide market cap swings," S&amp;P said. Energy Transfers, for example, the firm behind the controversial Dakota Access Pipeline, lost nearly two-thirds of its market cap, falling from about $34 billion to about $12 billion in three months. Meanwhile, pipeline companies focused on transporting gas, such as Kinder Morgan, "are expected to weather the financial downturn better than their smaller midstream counterparts." They're more likely to have a diverse customer base and not rely on a single oilfield for revenue, S&amp;P said. <h2 style="text-align: left;"><img src="https://static-ssl.businessinsider.com/image/5e85fde70c2a62183a77cfb3-2400/2020-04-01t101114z1lynxmpeg303knrtroptp4global-oil-texas.jpg" alt="FILE PHOTO: A pump jack operates in front of a drilling rig at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford " />ReutersA pump jack sucks oil out of the ground in the Permian Basin</h2><h2 style="text-align: left;">Coronavirus has cratered demand for oil </h2>Oil industry profits are tethered to the price of oil, which has collapsed dramatically in the last three months, <a href="https://www.businessinsider.com/oil-glut-threatens-to-drive-oil-prices-further-into-ground-2020-3">falling by about 60% since the start of the year</a>. The problem is cratering demand.Governments have advised large chunks of the planet's population to stay at home in order to slow the spread of the novel coronavirus. That means fewer people are traveling and consuming oil-based fuels. Saudi Arabia has also begun increasing supply, <a href="https://www.businessinsider.com/oil-glut-threatens-to-drive-oil-prices-further-into-ground-2020-3">which is likely to plunge the price further into the ground</a>.However, signals from President Trump that an agreement to cut production between Saudi Arabia and Russia might be forming, including a statement <a href="https://twitter.com/realDonaldTrump/status/1245720677660925952">he tweeted this morning</a>, <a href="https://markets.businessinsider.com/commodities/news/oil-prices-jump-trump-comments-on-saudi-arabia-russia-deal-2020-4-1029057828">drove the prices up slightly</a> on Thursday. This week, the price of US crude oil has hovered just over $20 a barrel. At that cost, many oil companies are likely losing money - considering that the breakeven oil price for an average company's cash flow is $25 a barrel, according to the research firm Rystad Energy. Read more: <a href="https://www.businessinsider.com/oil-glut-threatens-to-drive-oil-prices-further-into-ground-2020-3">The oil market braces for a 'tsunami' of oversupply that threatens to upend an entire industry</a><img src="https://static-ssl.businessinsider.com/image/5e85feb22d41c15a7e27ffa6-2400/99df34ddafe8414c9b11a17a2b25519e.jpg" alt="FILE - In this Thursday, Jan. 12, 2017 file photo, a worker operates valves in Nihran Bin Omar field north of Basra, Iraq. An Iraqi oil official says employees of energy giant Exxon Mobil have started evacuating an oil field in the southern province of Basra, amid rising tensions between the United States and Iran. The first group left two days ago and another batch left early Saturday May 18, 2019. (AP Photo/Nabil al-Jurani, File)" />Associated PressAn oilfield worker operates valves in Nihran Bin Omar field north of Basra, Iraq<h2 style="text-align: left;">What's next: Budget cuts, layoffs</h2>By March 26, the top 10 oil and gas companies by market cap had already announced about $30 billion in spending cuts, according to S&amp;P. <a href="https://www.businessinsider.com/how-top-oil-companies-are-responding-to-the-price-shock-2020-3#royal-dutch-shell-133-billion-15">Most of those cuts are on the order of 20% or higher.</a>But budget cuts are just the start out of it. Slashing spending typically means paring back oil and gas exploration and cutting staff. Several companies including ConocoPhillips and Occidental Petroleum have already lowered their production forecasts for 2020, and others - such as Apache and Halliburton - are <a href="https://www.businessinsider.com/how-top-oil-companies-are-responding-to-the-price-shock-2020-3">laying off or furloughing staff</a>, according to several news reports. Read more: <a href="https://www.businessinsider.com/how-top-oil-companies-are-responding-to-the-price-shock-2020-3">Layoffs, furloughs, and spending cuts: We're tracking how oil giants from Exxon to Halliburton are responding to the historic price shock</a><h2 style="text-align: justify;"><img src="https://static-ssl.businessinsider.com/image/5e85fd021378e360ac09c26b-2400/2020-04-01t012302z3lynxmpeg302martroptp4global-oil.jpg" alt="Bayway Refinery of Phillips 66" />Mike Segar/ReutersOil tanks owned by the energy giant Phillips 66</h2><h2 style="text-align: justify;">Market cap losses, ranked </h2>Business Insider ranked the top 25 largest oil and gas companies by smallest to largest losses over the last three months as a percentage of their market capitalizations, using data provided by S&amp;P Global Market Intelligence.Numbers in the parenthesis represent losses in dollars for the same period.<ol><li>Neste Oyj - 2.6% ($686 million) </li><li>TC Energy Corp. - 17.1% ($8.6 billion)</li><li>Enbridge Inc. - 27.3% ($22 billion)</li><li>TOTAL - 29.9% ($42.7 billion)</li><li>Cheniere Energy Partners - 32.2% ($6.2 billion)</li><li>BP - 32.2% ($41 billion)</li><li>Kinder Morgan Inc. - 32.2% ($16.4 billion)</li><li>Eni - 34.8% ($19.1 billion)</li><li>Equinor - 36.9% ($24.3 billion)</li><li>Chevron - 40% ($90.6 billion)</li><li>Williams Cos. Inc. - 40.3% ($11.6 billion)</li><li>Repsol - 41.4% ($9.6 billion)</li><li>Royal Dutch Shell - 41.5% ($96.2 billion)</li><li>ExxonMobil - 45.6% ($134.8 billion)</li><li>Enterprise Products Partners - 49.2% ($30.3 billion)</li><li>Valero Energy Corp. - 51.7% ($19.8 billion)</li><li>Suncor Energy - 51.9% ($26.1 billion)</li><li>Phillips 66 - 52.2% ($25.6 billion)</li><li>ConocoPhillips - 53% ($37.4 billion)</li><li>MPLX - 54.4% ($14.6 billion)</li><li>EOG Resources - 57.1% ($27.8 billion)</li><li>Canadian Natural Resources - 58.3% ($22.4 billion)</li><li>Marathon Petroleum Corp. - 60.7% ($23.7 billion)</li><li>Energy Transfer - 64.1% ($22.1 billion)</li><li>Schlumberger - 66.4% ($36.9 billion)</li></ol> <h3>NOW WATCH: <a href="https://www.businessinsider.com/unemployment-numbers-coronavirus-economy-layoffs-2020-3">3.3 million Americans filed for unemployment - and an economist predicts it could be far worse than the Great Recession</a></h3> <iframe class="bijwplayerclass" src="https://content.jwplatform.com/players/SGqZEM54-CEZHWCBG.html" width="100%" height="100%" frameborder="0" scrolling="auto" style="margin:0px;"></iframe>

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<img src="https://static-ssl.businessinsider.com/image/5e42d5ff3b62b75ee6714242-1186/rory%20stewart.jpg" alt="rory stewart" /><ul class="summary-list"><li>British politicians Rory Stewart has asked Londoners to invite them into their homes for a sleepover as part of his bid to become the next Mayor of London.</li><li>He tweeted that he wanted Londoners to "show me the city through their eyes," and said he would bring his own sleeping bag and a box of chocolates for his host.</li><li>Stewart is currently in the race to become an independent candidate in the Mayor of London election this May.</li><li>He used to be in the Conservative Party, and ran - unsuccessfully - as leader of the Conservative Party last summer. He resigned from the party last fall in opposition to the government's Brexit party.</li><li><a href="https://www.businessinsider.com/?hprecirc-bullet">Visit Business Insider's homepage for more stories</a>.</li></ul>A prominent UK politician is trying to woo voters in London by inviting himself to sleepovers in their homes so they can "show me the city through their eyes."Rory Stewart launched the unusual campaign on Tuesday as part of his bid to become the next Mayor of London."Today I'm launching #ComeKipWithMe - asking Londoners to invite me into their homes and show me the city through their eyes," Stewart <a href="https://twitter.com/RoryStewartUK/status/1227165803247816705">tweeted</a>. "Kip" is British slang for "nap" or "sleep.""I want to know your concerns and your ideas," he added. "And I promise to bring a sleeping bag and a box of chocolates!""It's a weird request but the way that mayors get to know their cities is by literally walking through every one of the 32 boroughs," he said in the video. "Being in other people's shoes, seeing things through their eyes, staying in their houses."He said he had already stayed with two Londoners as part of his campaign, with footage showing him unrolling a sleeping mat on an apartment floor.His tweet included a link which leads to a form on the <a href="https://www.roryforlondon.co.uk/kip-with-me?utm_source=social&amp;utm_campaign=Kip%20with%20me" target="_blank" rel="noopener">"Rory For London"</a> website, where Londoners can sign up to host him.Stewart, a former Conservative MP, is <a href="https://www.businessinsider.com/rory-stewart-quits-the-conservatives-wont-stand-at-the-next-election-2019-10">competing as an independent candidate in London's mayoral elections in May</a>. Incumbent Mayor Sadiq Khan - whom President Donald Trump has <a href="https://www.businessinsider.com/trump-attacks-london-mayor-sadiq-khan-as-stone-cold-loser-as-he-flies-in-for-uk-state-visit-2019-6">repeatedly attacked</a> and <a href="https://www.businessinsider.com/sadiq-khan-uk-donald-trump-values-boris-johnson-sycophantic-2020-1">feuded with</a> - will also be standing again.Stewart ran to become leader of the Conservative Party last summer, before losing to now-Prime Minister Boris Johnson, and quit the party to become an independent MP in October to protest the government's Brexit policy of leaving the EU without a deal.He effectively left the House of Commons later that year when he did not stand for reelection in the December 2019 general election.<img src="https://static-ssl.businessinsider.com/image/5e42db034b661b64ed0d5ce7-1067/gettyimages-1156912371.jpg" alt="Rory Stewart" />Stewart's new campaign has had a mixed reaction on a social media.As a Conservative MP, Stewart voted <a href="https://www.theyworkforyou.com/mp/24964/rory_stewart/penrith_and_the_border/votes" target="_blank" rel="noopener">11 times</a> for a controversial measure that reduced entitlements for housing-benefit claimants who were deemed to have more bedrooms than they needed - a policy the opposition Labour Party dubbed the "bedroom tax."Stewart's fans tweeted enthusiastically about the idea, however, praising "the initiative, creativity, and energy this has."Others simply found the whole thing a bit weird.Stewart has become known for his unusual use of social media. While running to lead the Conservative Party, he created the #RoryWalks hashtag to show pictures of him with members of the general public.<ul class="read-more-links"><li>Read more:</li><li><a href="https://www.businessinsider.com/sadiq-khan-uk-donald-trump-values-boris-johnson-sycophantic-2020-1">Sadiq Khan says Boris Johnson should stop being 'obsessed with trying to please America' and just tell Trump he's wrong</a></li><li><a href="https://www.businessinsider.com/rory-stewart-smoked-opium-iran-2019-5">Rory Stewart admitted to smoking opium</a></li></ul><blockquote class="twitter-tweet" lang="en">Today I'm launching <a href="https://twitter.com/hashtag/ComeKipWithMe?src=hash&amp;ref_src=twsrc%5Etfw">#ComeKipWithMe</a> - asking Londoners to invite me into their homes and show me the city through their eyes. I want to know your concerns and your ideas. And I promise to bring a sleeping bag and a box of chocolates! Sign up: <a href="https://t.co/jtrLIw7i2G">https://t.co/jtrLIw7i2G</a> <a href="https://t.co/TC7Vfg5tNk">pic.twitter.com/TC7Vfg5tNk</a>- Rory Stewart (@RoryStewartUK) <a href="https://twitter.com/mims/statuses/1227165803247816705?ref_src=twsrc%5Etfw">February 11, 2020</a></blockquote><blockquote class="twitter-tweet" lang="en">*stares in bedroom tax* <a href="https://t.co/7P4UDooz2a">https://t.co/7P4UDooz2a</a>- bick 🌹 (@bicknaker) <a href="https://twitter.com/mims/statuses/1227197138901360640?ref_src=twsrc%5Etfw">February 11, 2020</a></blockquote><blockquote class="twitter-tweet" lang="en">A fantastic ambition from Rory Stewart! Learning more about every part of London, the communities, the problems they face, and the things they care most about. The initiative, creativity, and energy this has is enviable, he'd make a Brilliant Mayor! <a href="https://t.co/AVBBnOmF1y">https://t.co/AVBBnOmF1y</a>- Isobel Brown🦔#RoryforLondon (@caldbec1) <a href="https://twitter.com/mims/statuses/1227178515579260928?ref_src=twsrc%5Etfw">February 11, 2020</a></blockquote><blockquote class="twitter-tweet" lang="en">6am. You wake up. Rory Stewart is lying next to you, staring into your eyes. "Tell me what *your* London is like," he says. 8am. You eat your cereal. "But what do Londoners like you *really* want for breakfast?" he asks. 11pm. You get into bed. Rory Stewart is lying beside y <a href="https://t.co/h6vYUSjWVS">https://t.co/h6vYUSjWVS</a>- Alan White (@aljwhite) <a href="https://twitter.com/mims/statuses/1227185390081236997?ref_src=twsrc%5Etfw">February 11, 2020</a></blockquote><blockquote class="twitter-tweet" lang="en">Is this the first time someone's stalked a whole city? <a href="https://t.co/Uhji652rqJ">https://t.co/Uhji652rqJ</a>- Tom Sutcliffe (@tds153) <a href="https://twitter.com/mims/statuses/1227168211537453062?ref_src=twsrc%5Etfw">February 11, 2020</a></blockquote><blockquote class="twitter-tweet" lang="en">Great brief <a href="https://twitter.com/hashtag/RoryWalks?src=hash&amp;ref_src=twsrc%5Etfw">#RoryWalks</a> in Kilburn this morning with some wonderful unexpected encounters and conversations. Thank you <a href="https://t.co/CdsyI92dPo">pic.twitter.com/CdsyI92dPo</a>- Rory Stewart (@RoryStewartUK) <a href="https://twitter.com/mims/statuses/1140229559088029696?ref_src=twsrc%5Etfw">June 16, 2019</a></blockquote>

A UK politician is asking for sleepovers in Londoners' homes in his bid to be the city's mayor, and says he'll bring his own sleeping bag and chocolates

<div class="KonaFilter image-container float_right"><div class="image"><img src="https://static-ssl.businessinsider.com/image/5342ff5369bedd5c1b128d39-1200-1334/sting-1.jpg?maxX=480" border="0" alt="sting" width="480" />AmazonEven Sting wore a calculator watch; it's thought to be the Casio J-100.</div></div>Before the Pebble blew past its Kickstarter goal. Before the iWatch was a twinkle in anyone's eye. There was the Casio calculator watch. And it was awesome.
The Casio calculator watch is still awesome. And that's why <a href="http://www.amazon.com/Casio-CA53W-Databank-Calculator-Watch/dp/B000GB1R7S">I just bought one</a> on Amazon for $15.
I never had a calculator watch when I was a kid - the closest thing to a "smart watch" I had was a <a href="https://www.youtube.com/watch?v=0Uj8PzVPYhc">Game &amp; Watch that played a "Popeye"</a> game - and the one that I have now is hardly as cool as some of the ones from 30 years ago, although it's still pretty cool.
But the calculator watch phenomenon actually started way before Casio became synonymous with this type of timepiece. In fact the first Casio calculator watch came out almost five years after the first calculator watches hit store shelves.
There are debates about which calculator watch actually came first. Some say it was the <a href="http://watchismo.blogspot.com/2006/10/calculating-history-of-led-calculator.html">Calcron LED Wrist Calculator</a>, which was advertised in the "dads and grads" section of a 1975 Playboy magazine. But others say it was the Pulsar, formerly the Hamilton Watch Company, that was the first. 
Pulsar calculator watch
<div class="KonaFilter image-container"><div class="image"><img src="https://static-ssl.businessinsider.com/image/5343008c6bb3f72815013fa2-531-398/pulsarcalculatorwatch.jpg" border="0" alt="pulsar_calculator_watch" width="800" /><a href="http://commons.wikimedia.org/wiki/File:Pulsar_LED_calculator_watch,_World_Museum_Liverpool_%281%29.jpg">Wikimedia Commons</a></div></div>
The Pulsar calculator watches hit the scene in 1975. They were 18-karat gold and sold for $3,950 (!) at high-end jewelry stores, like Tiffany's. (You can buy one now on eBay <a href="http://www.ebay.com/itm/Solid-18k-750-Gold-PULSAR-LED-LCD-Calculator-Digital-Watch-w-Box-Pen-Papers-/191127734130">for a whopping $27,500</a>.)
The watch came with a tiny stylus so you could press the small buttons for the calculator. The battery lasted only a couple weeks - the watch displayed information when you pressed a button or flicked your wrist, depending on the model, to save battery - and it was heavy and slightly uncomfortable to wear.
In 1976, the company came out with a less-expensive version in stainless steal ($550); a year later it had a 14-karat-gold-filled model for $495, and the stainless steal version dropped to $395.
Hewlett-Pakcard HP-01 calculator watch
<div class="KonaFilter image-container" style="width:450px"><div class="image"><img src="https://static-ssl.businessinsider.com/image/5343050decad04964d4737e8-336-474/hewlett_packard_digital_watch_modell_1_1977.jpg" border="0" alt="Hewlett_Packard_Digital_Watch_Modell_1_1977" width="450" /><a href="http://commons.wikimedia.org/wiki/File:Hewlett_Packard_Digital_Watch_Modell_1_1977.jpg"> Stahlkocher/Wikimedia Commons</a></div></div>
In 1977, Hewlett-Packard threw its hat into the ring with its own LED calculator watch, the HP-01. There were five models, and prices ranged from $650 to $850. It was smarter than most pocket calculators at the time, and could perform more than three dozen functions, and, <a href="http://www.hp.com/hpinfo/abouthp/histnfacts/museum/personalsystems/0022/">according to HP</a>, "when HP discontinued manufacturing the HP-01, its inner workings were destroyed so no one would copy the extraordinarily small package engineering."
But competition was getting fierce, as LED was soon being replaced by more energy efficient LCD displays. 
And that's where Casio came in. 
Casio C-80
<div class="KonaFilter image-container"><div class="image"><img src="https://static-ssl.businessinsider.com/image/534461106bb3f7a65d0aca4d-1023-768/casio-c-80.jpg" border="0" alt="Casio C-80" width="800" /><a href="http://watchshock.com/archive/Casio/Calculator/C-xxx/C-80/#C-80.jpg">Watch Shock</a></div></div>
Casio's calculator watches weren't the first of its kind, but Casio did offer the biggest variety of models. The company's first calculator watch was the C-80, which had buttons large enough that you didn't need to use a stylus.
The other great thing about it: <a href="http://www.amazon.com/Casio-Calculator-Chronograph-Marketing-Memorabilia/dp/B008LTJFHQ?&amp;ref_=custrec_signin_redirect_same_page">it only cost around $50</a>.
And this was just the beginning. That same year, Casio released a touchscreen calculator watch, <a href="http://watchshock.com/archive/Casio/Calculator/TC-xxx/TC-50/">the TC-50</a>, for around $50, and the <a href="http://watchshock.com/archive/Casio/Calculator/CM-xxx/CM-32/">CM-32</a>, which did metric conversions. In 1983 it released the <a href="http://www.digital-watch.com/DWL/1work/casio-cd-40/">CD-40</a>, which was one of the first of a slew of watches - called Data Bank - that allowed you to store actual information, like phone numbers. 
Casio CA-53W
<div class="KonaFilter image-container"><div class="image"><img src="https://static-ssl.businessinsider.com/image/534465cf6da8112b6172c34a-1200-924/calculatorwatchjpg-1.jpg" border="0" alt="calculator_watch.JPG" width="800" />Karyne Levy/Business Insider</div></div>
Which brings me back to the CA-53W that I just bought on Amazon. Since it's tax season, I've actually used it quite a bit. It's basic, it doesn't even have a light, but it brings back a wave of nostalgia when I look down at my wrist. Now I can be like Marty McFly from "Back to the Future," just like I always wanted. 
<div class="KonaFilter image-container"><div class="image"><img src="https://static-ssl.businessinsider.com/image/53474808eab8ea186a8b4567-456-342/martymcfly-2.jpeg" border="0" alt="marty_mcfly" width="800" />Pocket Calculator</div></div>

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