Reliance Industries Closes $7 Billion Rights Issue, India’s Largest Ever

File photo of Reliance Industries Ltd. Proceeds from the issue, also ranked as one of the world’s biggest by a non-financial company based on Dealogic data, will aid Reliance’s plan to slash net debt to zero this year. Reuters Last Updated: June 4, 2020, 12:41 PM IST Mumbai: India’s oil-to-telecoms giant … Read more

Need new stimulus of ₹10 lakh crore: Economists Collective

The Centre needs to announce a ₹10 lakh crore fiscal stimulus package providing universal food ration and cash transfers for 80% of households in order to revive the economy at this time, the Heterodox Economists Collective has urged. Employment guarantees must be expanded for both rural and urban workers at a time of soaring joblessness, … Read more

Protests Renew Scrutiny of Tech’s Ties to Law Enforcement

Google did not respond to a request for comment prior to publication. In a statement after publication of this article, Richard Salgado, Google’s director of law enforcement and information security, said, “We vigorously protect the privacy of our users while supporting the important work of law enforcement. We developed a process specifically for these requests … Read more

Electronics incentive schemes launched

Telecom and IT Minister Ravi Shankar Prasad on Tuesday launched three incentive schemes with a total outlay of about ₹48,000 crore to boost large-scale manufacturing of electronics in the country. Approved in March The three schemes — Production Linked Incentive (outlay of nearly ₹41,000 crore), Component Manufacturing Scheme (about ₹3,300 crore) and Modified Electronics Manufacturing … Read more

More Students Are ‘Stacking’ Credentials en Route to a Degree

The menu at the Henderson, Nevada, diner the place Amy Nelson likes to take a break from work is notable for its aspect dishes, together with caramelized bananas, cinnamon apples, and mushrooms and onions. Each can feed an urge for food in its personal proper. Together with an entrée, they add as much as breakfast. … Read more

Facebook Employees Take the Rare Step to Call Out Mark Zuckerberg

What occurs when an immovable object meets a disgruntled workforce? We’re about to search out out at Facebook. CEO Mark Zuckerberg has constantly refused to budge from permitting politicians—most conspicuously, Donald J. Trump—to submit content material that will violate the corporate’s guidelines towards hurt and misinformation. In coping with latest Trump pronouncements selling misinformation about … Read more

Tech Companies Denounce Racism. Will Silicon Valley Change?

For the previous week, cities throughout America have erupted in protests, following the demise of George Floyd by the hands of Minneapolis police. It’s been a second for collective grief and anger, as protesters demand each consideration to systemic racism and motion on racial justice. In Silicon Valley, the place a number of cities have … Read more