Trump: China either made a mistake or it was incompetence : Bulletin: Business Today
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Trump: China either made a mistake or it was incompetence

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May 8, 2020

Mukesh Ambani's Jio Platforms scores hat-trick; bags Rs 11,367 cr investment from Vista after FB, Silver Lake

Vista Equity Partners will invest Rs 11,367 crore into Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore, Reliance Industries and Jio Platforms announced today. This investment will translate into a 2.32 per cent equity stake in Jio Platforms on a fully diluted basis, making Vista the largest investor in Jio Platforms behind Reliance Industries and Facebook.

UP allows industry to hire and fire! Suspends all labour laws, except three

Uttar Pradesh government has promulgated an ordinance that suspends most of the labour laws for a period of three years. In its latest meeting, the state cabinet approved this ordinance in order to revive economic activities in the state that have been hit hard due to the coronavirus-mandated lockdown.

'Debt monetisation should not constrain govt spending,' says Raghuram Rajan

Debt monetisation or printing of notes should not be a constraint on government spending today, says Raghuram Rajan, former Governor of RBI. In a post titled "Monetisation: Neither Game Changer nor Catastrophe in Abnormal Times", Rajan says the government should be concerned about protecting the health of the economy and should spend what is needed.

Coronavirus: Planning to buy liquor in Delhi? Get a token first

Vizag gas leak: Gujarat to send chemical used as neutraliser to Vishakhapatnam

A specialised chemical called PTBC, made only in Vapi town of Gujarat, will be sent to Visakhapatnam on an urgent basis to help in neutralising the effects of gas leak at a polymer plant there, a Gujarat government official said on Thursday. A major leak from a chemical plant of LG Polymers near Visakhapatnam in Andhra Pradesh in the wee hours of Thursday impacted villages within a 5-km radius, leaving eight people dead and scores of citizens complaining of breathlessness, nausea and other problems.

China either made terrible mistake or probably it was incompetence: Trump on coronavirus pandemic

The spread of the deadly coronavirus across the globe from China was either a terrible mistake on the part of the Chinese or probably it was incompetence, US President Donald Trump said on Thursday. "It (coronavirus) could have been stopped at the point. It could have been stopped right at the source. It would have been easy to do, but something happened. Something happened," he told reporters in the Oval Office of the White House.

India to roll out COVID-19 app for Reliance's JioPhone in bid to widen use

Last month, India launched the Aarogya Setu app which alerts users who may have come in contact with people who later test positive for COVID-19. The app, which has been downloaded more than 83 million times so far, was initially available to India's roughly 500 million smartphone users on Google's Android and Apple devices, but not to around 400 million users of more basic feature phones. Within a week, a version of the app will be rolled out to more than 100 million users of the $9 JioPhone - a cheap, internet-enabled feature phone that runs on a mobile operating system named KaiOS.

Coronavirus India Live Updates: Maharashtra lockdown may extend to May-end, hints CM Thackeray; cases-17,974


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