• Tata in talks to launch Moderna’s COVID-19 vaccine in India: Report

    Tata in talks to launch Moderna’s COVID-19 vaccine in India: Report
    Published Date : 25-Jan-2021 3:42:04IST

    Tata Group’s healthcare venture has started initial discussions with America’s Moderna for a partnership to launch its COVID-19 vaccine in India, the Economic Times reported on Monday. Tata Medical & Diagnostics could team up with the India’s Council of Scientific and Industrial Research (CSIR) to conduct trials, the report added. Moderna’s vaccine can be stored at normal fridge temperatures.

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  • Reliance employed 50,000 people since March 2020: Mukesh Ambani

    Reliance employed 50,000 people since March 2020: Mukesh Ambani
    Published Date : 23-Jan-2021 7:30:36IST

    Reliance Industries on Friday released Q3 results for FY 2020-21, where Chairman Mukesh Ambani said, “I’m proud that Reliance has employed 50,000 more people since March 2020.” He added, “At a time when the Indian economy is poised for a confident recovery, we’ve been able to contribute to it.” RIL’s net profit rose 12.6% year-on-year to ₹13,101 crore in Q3.

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  • Tesla overtakes Facebook to become world’s sixth most valuable company

    Tesla overtakes Facebook to become world’s sixth most valuable company
    Published Date : 08-Jan-2021 9:46:12IST

    Tesla on Thursday overtook Facebook to become the world’s sixth most valuable company, just behind Google-parent Alphabet. After an 8% surge, Tesla ended the day with a market capitalisation at $774 billion, compared to Facebook’s $765 billion. Tesla CEO Elon Musk on Thursday surpassed Amazon’s Jeff Bezos to become the world’s richest person with a $195-billion fortune, according to Bloomberg.

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  • How strange…well, back to work: Musk after becoming world’s richest person

    How strange…well, back to work: Musk after becoming world’s richest person
    Published Date : 08-Jan-2021 9:43:58IST

    Tesla CEO Elon Musk, who on Thursday overtook Amazon CEO Jeff Bezos as the world’s richest person, tweeted, ‘How strange’, after achieving the milestone. In another tweet, he said, “Well, back to work.” A 4.8% rally in Tesla shares boosted Elon Musk’s net worth past Jeff Bezos’ net worth on Bloomberg Billionaires Index.

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  • US-India advocacy group asks Biden to ease H-1B visa restrictions

    US-India advocacy group asks Biden to ease H-1B visa restrictions
    Published Date : 06-Jan-2021 3:17:02IST

    US-India Strategic Partnership Forum has recommended to US President-elect Joe Biden that his administration should ease restrictions on H-1B visas, the group’s President Mukesh Aghi said. Students with PhD degrees should be given a green card, “so that they stay and contribute from day one as a taxpayer and also to the growth of the [US] economy”, he added.

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  • Tesla to start operations in India in early 2021, confirms Nitin Gadkari

    Tesla to start operations in India in early 2021, confirms Nitin Gadkari
    Published Date : 28-Dec-2020 3:32:26IST

    Union Transport and Highways Minister Nitin Gadkari on Monday told The Indian Express that Elon Musk-led electric vehicle company Tesla will start operations in India in early 2021. He said Tesla will start operations first with sales and then maybe look at assembly and manufacturing. Some recent reports claimed that Tesla will launch Model 3 in India in June 2021.

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  • Elon Musk only $20 billion away from becoming the world’s richest person

    Elon Musk only $20 billion away from becoming the world’s richest person
    Published Date : 19-Dec-2020 10:54:24IST

    Tesla CEO Elon Musk is now only $20 billion away from becoming the world’s richest person overtaking Amazon CEO Jeff Bezos, according to Bloomberg. The 49-year-old’s net worth jumped almost $9 billion to $167.3 billion on Friday as Tesla shares soared. He has added nearly $140 billion this year, which is more than the entire net worth of Bill Gates.

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  • Future of work is hybrid: Infosys CEO

    Future of work is hybrid: Infosys CEO
    Published Date : 16-Dec-2020 4:48:28IST

    Infosys CEO Salil Parekh on Tuesday said the future workplace will be a hybrid one. “We also feel that the concept of social capital is important,” Parekh said, adding that the current focus is to ensure “it’s the right time…for us to work in a work environment”. The flexibility to work from anywhere is critical, he added.

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  • Kohli’s first Audi that he sold in 2016 lying in police station, pics surface

    Kohli’s first Audi that he sold in 2016 lying in police station, pics surface
    Published Date : 13-Dec-2020 12:15:30IST

    Team India captain Virat Kohli’s first Audi supercar, a 2012 Audi R8, has been found lying abandoned in a police station in Maharashtra. Kohli had sold the car through a broker in 2016 to Sagar Thakkar, who was later involved in a mega scam. Mumbai Police raided his properties and seized the car after he went into hiding.

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  • Oracle moves headquarters from Silicon Valley to Texas

    Oracle moves headquarters from Silicon Valley to Texas
    Published Date : 12-Dec-2020 6:39:01IST

    Oracle has moved its headquarters from Silicon Valley in California to Texas. Oracle said the moves “best position Oracle for growth and provide our personnel with more flexibility about where and how they work”. It will continue to support its former headquarters and other offices. The move comes days after Tesla CEO Elon Musk announced he had moved to Texas.

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  • Italian brand launches world’s most expensive bag at Rs 53 crore

    Italian brand launches world’s most expensive bag at Rs 53 crore
    Published Date : 27-Nov-2020 4:55:14IST

    The luxury Italian brand, Boarini Milanesi, has launched the world’s most expensive bag at €6 million (approximately ₹53 crore). Made of semi-shiny alligator skin, the bag is embellished with a diamond pavé accessory and 10 white gold butterflies with sapphires, diamonds and Paraiba tourmalines, totalling over 130 carats. The bag has been created to raise awareness about ocean pollution.

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  • IBM planning to cut 10,000 jobs in Europe: Report

    IBM planning to cut 10,000 jobs in Europe: Report
    Published Date : 25-Nov-2020 11:49:51IST

    International Business Machines (IBM) is planning to cut around 10,000 jobs in Europe, affecting about 20% of the staff in the region, according to a report. The current round of job cuts should be completed by the end of the first-half of 2021, the report added. The cuts have been planned in the UK, Germany, Poland, Slovakia, Italy and Belgium.

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  • Jeff Bezos sells more than $3 bn of Amazon stock

    Jeff Bezos sells more than $3 bn of Amazon stock
    Published Date : 05-Nov-2020 3:02:34IST

    Amazon Founder and CEO Jeff Bezos has sold more than $3 billion worth of Amazon shares this week, according to new filings with the US Securities and Exchange Commission (SEC). This latest round of Amazon share sales on Monday and Tuesday take the worth of Amazon shares that Bezos has sold in 2020 alone to over $10 billion. According to Forbes, Bezos now owns a 10.6 per cent stake in the e-commerce and cloud computing colossus Amazon.

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  • Facebook suspends political, new groups recommendations in US

    Facebook suspends political, new groups recommendations in US
    Published Date : 31-Oct-2020 6:44:34IST

    Facebook has temporarily stopped recommendations for all political, social issue groups and any new groups to users ahead of the upcoming US presidential election. A Facebook spokesperson declined to say when the changes had been made or how long they would last. Facebook CEO Mark Zuckerberg had revealed the change during his Senate hearing on Wednesday.

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  • Aurobindo Pharma to sell its US unit for $550 million

    Aurobindo Pharma to sell its US unit for $550 million
    Published Date : 26-Oct-2020 3:54:36IST

    Aurobindo Pharma on Monday said it will sell Natrol, a unit of its US subsidiary, to private equity firm New Mountain Capital for $550 million. The Hyderabad-based firm said the transaction is expected to close by January 2021. Aurobindo’s Managing Director added that proceeds from Natrol’s sale will be used to reduce debt and other new strategic initiatives.

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