Month: April 2020

Following the news that the Department of Defense (DoD) intends to grant US$3bn in early invoice payments to defense industry;   Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the Pentagon’s decision;   “As part of the announcement, it came to light that most programs will undergo at least three months of delay, and that the aerospace sector was the most impacted. These delays are problematic for prime contractors such as Boeing, which had to temporarily close its facilities at…

With the COVID-19 chokes the health and financial position of the Swedish industry as the economy is bleeding, the cash rich Chinese are Coming to Sweden for a bit of shopping .   The level of desperation could be seen from the Chinese leaders on buying the companies those who are having financial and sustainable difficulties during Chinese generated COVID-19.   The recent decision of Government of India to place curbs on Chinese companies buying Indian corporate assets have come at the right time as China is seen moving aggressively…

The ongoing discussion ( JIO and Facebook) before COVID, now it becomes the reality of Reliance Industries (RIL) revealed that Facebook will pick up 9.99 percent equity stake in Jio Platforms for USD 5.7 billion or Rs 43,574 crore. It is the initial multibillion-dollar deal from Facebook in the Jio Platforms .   In a statement, Facebook co-founder Mark Zuckerberg said, “Today, we are announcing a USD 5.7 billion, or Rs 43,574 crore, investment in Jio Platforms Limited, part of Reliance Industries Limited, making Facebook its largest minority shareholder.”   Experts says, it would focus on collaborating its messaging platform WhatsApp with Reliance’s…

US President Donald Trump said he will sign an executive order to temporarily suspending immigration to the United States as the nation battles the health and economic effects amid the coronavirus pandemic.   “In light of the attack from the Invisible Enemy, as well as the need to protect the jobs of our GREAT American Citizens, I will be signing an Executive Order to temporarily suspend immigration into the United States!” Trump tweeted.   It’s unclear about his mechanism on duration, effects of suspend immigration, or what effect this will…

Amid COVID-19, Congress MP Rahul Gandhi has asked the centre not to charge Goods and Services tax on ‘small and big’ equipment related to pandemic treatment.   “In this difficult time of COVID-19, we are constantly demanding from the government that all small and big equipment related to the treatment of this epidemic should be made GST-free,” Gandhi tweeted in Hindi.   Further in his tweet, he said that it would be ‘wrong to collect GST on sanitizers, masks and other equipment’. “To collect GST on sanitizers, soaps, masks, gloves…

The Brihanmumbai Municipal Corporation (BMC) said that 53 journalists in Mumbai have tested positive for COVID-19.   “53 journalists in Mumbai tested positive for COVID-19; and all are under isolation. Samples of 171 journalists reporting from the field, including Photographers, Video Journalists and Reporters, were collected. Most of the journalists with COVID-19 were asymptomatic,” BMC said.   “Their samples were taken on Thursday and Friday last week. And their results came yesterday and today,” it added.   Maharashtra is among the hotspot states in the country due to COVID-19, with…