Coronavirus: India's recovery rate improves to 62.93% : Bulletin: Business Today
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Coronavirus: India's recovery rate improves to 62.93%

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July 13, 2020

Qualcomm Ventures to invest Rs 730 crore in Jio Platforms

Qualcomm Ventures, the investment arm of Qualcomm Incorporated, has committed to invest up to Rs 730 crore for a 0.15 per cent equity stake in Jio Platforms. The latest investment in Jio Platforms is at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. This is the 13th deal secured by Jio Platforms in a span of 12 weeks, bringing the total funds raised by the company to Rs 1.18 lakh crore.

Johns Hopkins University sues Trump administration on ruling on foreign students

Johns Hopkins University has joined a growing list of prestigious higher education institutions in the US suing the Trump administration over its "cruel" decision not to allow foreign students to take online-only courses this fall semester. Last week, the Trump administration announced new rules for international students for the upcoming fall semester (September to December) that requires them to take an in-person class to remain in the country.

Coronavirus: India's recovery rate improves to 62.93%

Some good news now. Focussed and coordinated action by the Centre along with states and UTs, effective clinical management of coronavirus and timely diagnosis led to a consistent increase in the number of recovered cases in the country, the Union health ministry said. The number of recovered cases exceeds active COVID-19 cases by 2,42,362 as on date, it said yesterday. It said the recovery rate has improved to 62.93 per cent.

LinkedIn faces lawsuit for spying on iPhone and iPad users' sensitive data through device apps

Microsoft's LinkedIn is facing a class-action lawsuit for snooping on iOS users' sensitive data and information without their knowledge.

As per a report by Bloomberg, the lawsuit claims that LinkedIn programmed its iPhone and iPad applications to divert sensitive information.

Jio Platforms gets Rs 730 crore investment from Qualcomm: 5 things to know

ByteDance may move TikTok headquarters out of China amid severe app scrutiny

Chinese tech giant ByteDance may move video-making app TikTok's headquarters out of China. As per a report by the Wall Street Journal, ByteDance is looking at tweaking the corporate structure of TikTok as the app continues to face scrutiny in India, the US and now Australia.

Federer-backed sports shoe maker On plans stock exchange listing next year

Swiss sports shoe maker On, partly owned by tennis champion Roger Federer, is in the early stages of preparing for a stock exchange listing in summer or autumn of next year. The Zurich-based company, founded 10 years ago, says it has special sole technology that is soft on impact and firm on the rebound, and it has been growing fast. It announced in November that Federer was a "co-owner".

Life insurance sector sees 18.6% drop in first-year premium: CARE Ratings

Hit hard by the coronavirus pandemic, the life insurance sector witnessed an 18.6 per cent drop in the first year premium to Rs 49,335 crore in the April-June quarter of the current financial year, according to a report by CARE Ratings. The overall sum assured also declined 12.9 per cent to Rs 8.8 lakh crore in the June 2020 quarter, compared with Rs 10 lakh crore (which was an increase of 17.6 per cent) in the corresponding period of the previous year.

Petrol, diesel price today: Check out latest fuel rates in Delhi, Mumbai, other big cities

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