Have we become too reliant on Big Tech firms?

When lockdown hits on 23 March in the UK, Mr Ingram had to shut his shops in Edinburgh and Dundee, and sell his stock through Amazon Marketplace. Now, his sales are 40% higher than last year. “Without Amazon, we would have had to furlough all employees for all of lockdown. Instead, we furloughed them for four weeks until we adjusted ourselves to the new normal, and then we could retrain staff to help us fulfil our online orders,” he says. It’s not just Amazon that has been used more during…

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Canada renews calls for China to release charged pair !!

Toronto: Canada is working “very actively” to bring home two of its citizens charged with spying in China, Canadian Prime Minister Justin Trudeau has said. Michael Kovrig and Michael Spavor were detained in China in December 2018 but were only charged on Friday. Their arrests came just days after Meng Wanzhou – an executive of the Chinese giant Huawei – was detained in Vancouver, at the request of the US. China denies that the arrests were in retaliation for Ms Meng’s detention. Mr Trudeau said he was “concerned and disappointed”…

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Tamil Nadu’s Filter Kaapi Mafia, Other Investor Networks Drive The Budding Startup Ecosystem !!

Tamil Nadu: The Tamil Nadu Startup Policy was launched only in 2019 despite successful startups being around for over a decade. With small-scale networking events and local groups, TN startups are getting the right support system. Organisations such as Entrepreneurship Development Institute of India, Young Entrepreneur School and others are enabling newer founders. Tamil Nadu was noted as an emerging state in DPIIT’s Startup Ranking 2018. Since then, a lot has changed in the ecosystem — for one the Tamil Nadu government launched its state startup policy last year to back…

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PM Modi launches ‘Garib Kalyan Rojgar Abhiyaan’ to create infra, jobs in rural India !!

New Delhi: PM Modi launches ‘Garib Kalyan Rojgar Abhiyaan’ to create infra, jobs in rural India. Prime Minister Narendra Modi on Saturday launched ‘Garib Kalyan Rojgar Abhiyaan’ to boost livelihood of opportunities in rural India amid the COVID-19 crisis. The Prime Minister flagged off the Abhiyan from village Telihar in Bihar’s Khagaria district via video-conferencing. The campaign of 125 days across 116 districts in 6 states aims to work in mission mode to help the migrant workers. It will involve intensified and focused implementation of 25 different types of works…

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Startup Watchlist: Indian Electric Vehicle Startups To Watch Out For In 2020 !!

India is forecasted to become the fourth-largest market for EVs by 2040. In the past couple of years, the country has observed a behemoth of electric vehicle startups majorly targeting the shared mobility segment. Which electric vehicle startups have the potential to outshine the competition in 2020? The Startup Watchlist, an annual series in which we list the top startups to watch out for in 2020 from industries such as agritech, deeptech, logistics, healthtech, edtech and more. Explore all the stories from the ‘Startup Watchlist’ 2020 series here. When 16-year-old…

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Mukesh Ambani Makes Reliance Net Debt-Free Ahead Of Its March 2021 Target !!

Mumbai: India’s most valuable company Reliance Industries Limited has managed to become net debt-free almost nine months ahead of its set target, thanks to the INR 168,818 Cr fundraising in the last eight weeks. The Mukesh Ambani-led company has raised INR 1.15 Lakh Cr from global tech investors like Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, Abu Dhabi Investment Authority, L Catterton and Public Investment Fund by selling less than a quarter for its digital arm Jio Platforms. Reliance Industries’ chairman and managing director Ambani said, “Over…

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Power markets prefer renewable energy amid falling demand: Moody’s

New Delhi: The clean energy transition might be accelerated due to the covid-19 pandemic that has shown that power markets prefer renewable energy amidst falling demand, a Moody’s report suggests. “Coal generation has continued to decline, while renewables have shown more resilience across major markets in the US, Europe, China and India,” stated the report. The power demand in India has fallen by 20% due to the lockdown, with most of the impact on coal generation, they added. Both corporate as well as household power demand are expected to be…

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Indian students may give China a miss !!

NEW DELHI: Many Indian students are rejigging plans to study in China this year, given the current border tensions, and are looking at opportunities in the Middle East, Africa and other parts of Asia, while some are waiting it out. Before the Covid-19 outbreak, over 23,000 students from India studied in China, pursuing mainly medicine and management courses, according to experts and official data. Indians were the fourth-largest contingent among foreign students in China. Covid-19 derailed the plans of many Indians to study in China and the recent developments between…

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LinkedIn Publishes New Guide on Using its Events and Live-Streaming Tools !!

  With an increasing amount of events going online due to the COVID-19 shutdowns, LinkedIn has this week published a new guide on how you can use its event and live-streaming tools to run engaging digital functions. LinkedIn first launched its native events function in October last year, but made it available to all businesses back in April in order to cater to demand for online event options. LinkedIn expanded on this in May by adding live-streaming functionality within events. The new guide looks at how to utilize these options to best effect, and includes a range…

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