As the coronavirus pandemic continues to wreak havoc on the U.S. economy, bankruptcies are on track to hit the highest level in at least 10 years
Russia first to register coronavirus vaccine worldwide, Putin claims, saying his daughter has had it
The last fully intact ice shelf in the Canadian Arctic has collapsed, losing more than 40% of its area in just two days at the end of July
The Bloomberg Billionaires Index is a daily ranking of the world’s richest people
The Delhi government launched electric vehicle policy in an effort to promote EVs in the national capital and reduce air pollution.
Michael Levitt is a Nobel Prize-winning structural biology professor at Stanford who has been tracking the coronavirus consistently for the past six months.
Google parent Alphabet’s quarterly sales fell for the first time in its 16 years as a public company, but the decline was less than expected as many advertisers stuck with the most popular online search engine during the pandemic. Shares of Alphabet fell 1.2% to $1,518.85 after it released the second-quarter results.
Last up 6.2% at $408.78 in midday trading, Apple’s market capitalization stood at $1.748 trillion. After Apple bought back $16 billion worth of shares in the June quarter, it had 4,275,634,000 outstanding shares, as of July 17
Cybersecurity firms have identified an exponential rise in crypto-related scams in Russia during the first half of 2020. Researchers identified 23,000 sites involved with crypto scams that are still online and targeting new victims.
Despite the success of the India deal, the Rafale is still trailing its major European competitors in sales. Along with India and France, the jet is also in service with Egypt and Qatar
• By 2030, close to 1/5 of the world’s working-age population will be Indian. • An average of 10 million Indians will join the working-age population each year until 2030 (110mn cumulative; close to the population of the Philippines). • China’s working-age population, peaked in 2015 and is on track to decline by 27mn by… Continue reading Incremental working-age population
The Department of Pharmaceuticals launched a ‘Production Linked Incentive Scheme’ on 21st July 2020, to address the constraints in the manufacturing of medical devices in India.
Introduced in the Finance Act 2016, an “equalisation levy” at the rate of 6% (on the nonresident companies indulged in the digital advertisement space) sought to address the tax-related challenges by the growing digitization of the Indian economy. Effective from 1 April 2020, the scope has been widened to cover the levy of 2% on… Continue reading Digital Tax in India: 2% Equalisation levy
The economic effects of the pandemic are expected to pull FDI flows by 40%, to its lowest level of the past two decades.
With the MUDRA scheme, more than Rs 11 lakh crores of loans were disbursed to first-time entrepreneurs and youth without a bank guarantee.
• Purchase incentive of ₹5,000 per kWh of battery capacity.
• Ride-hailing service providers will be allowed to operate electric two-wheeler taxis.
Key points from the talk by Sir Howard Davies (Chairman of the Royal Bank of Scotland and the former Director of London School of Economics): ⁃ More cash has gone into shadow banking which is less regulated and transparent. ⁃ Big tech (like Google) is keen on fintech. The question is whether fintechs can get… Continue reading 10th India Investment Conference by CFA Society India.
MediaNama’s Discussion on India’s Data Protection Law; Jan 9, 2020, Delhi
Focused on Deep tech and the associated use-cases. India can utilize massive data since the associated demographics is supportive. India needs to create data sets, in healthcare, education as it’s the key to creating innovative solutions. 10,000 startups which Meity envisages to create would be easy to create if the government provided the datasets through which startups can be built.