Author: Asish Das
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Govt. revises FDI rules to shield domestic firms
The government has tweaked the Foreign Direct Investment (FDI) policy to curb “opportunistic takeovers/acquisitions” of Indian companies due to the current COVID-19 pandemic, a move which will restrict FDI from China. According to the new FDI rule, approval is must for a company or an individual from a country that shares a land border with…
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COVID Lockdown: PM Modi to address the nation at 10 am tomorrow
Prime Minister Narendra Modi will address the nation tomorrow at 10 am on the coronavirus lockdown. This was a much-anticipated event since the day the PM held a meeting with the chief ministers of the states. During the video conference meeting with 13 Chief Ministers on Saturday, most CMs pointed out that they may not…
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MakeMyTrip gets 73.5 Cr from its Mauritius entity amid the COVID outbreak
Gurugram-based online travel firm MakeMyTrip has raised INR 73.5 Cr in two tranches from Mauritius-based entity — MakeMyTrip Limited. The development comes amid the current coronavirus outbreak, where the travel and hospitality are the worst affected sectors. According to the ministry of corporate affairs (MCA) filings accessed by, MMT has raised INR 37 Cr on…
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Apple and Google team up to develop COVID-19 tracing tool
Tech giant Apple and Google have teamed up to develop a decentralized contact tracing app to alert people if they have been exposed to someone with COVID-19. The system would use short-range Bluetooth communications to establish a voluntary contact-tracing network, keeping extensive data on phones that have been in close proximity with each other. How…
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SoftBank CEO predicts 15 of its portfolio companies to go bankrupt
SoftBank‘s founder Masayoshi Son believes that at least 15 companies in the Vision Fund might go bankrupt as the company tightens its financial belt. Son’s Vision Fund is becoming less generous with cash handouts to its portfolio companies after the WeWork debacle. At the time SoftBank invested in WeWork, it was valued around $47 billion.…
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Odisha CM honoured by PETA India for allocating funds to feed animals
Following the allocation of Rs 54 lakhs from the Chief Minister’s Relief Fund to efforts to feed community animals in five municipal corporations and all 48 municipalities of Odisha during the coronavirus lockdown, People for the Ethical Treatment of Animals (PETA) India will present Chief Minister Naveen Patnaik with a Hero to Animals Award for his act…
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Here’s how to stay productive while working from home
Now that you’re working from home, so let’s tune everything else out and stay productive. Here’s how: Get up and get dressed Get up early in the morning as you would do on any working day, freshen up and get dressed. Yes, you need to dress up. You have the ability to just stay in…
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Coronavirus (COVID-19) myths to ignore
As the Coronavirus (COVID-19) continues to make the headlines, a host of myths has surrounded the topic. Here are some of the myths that stand nowhere on the scale of scientific relevance. Holding your breath If you can hold your breath for more than 10 seconds without discomfort, one widely shared claim asserts, there is…