EMPOWERING INNOVATION
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India Sets Global Benchmark in Esports Governance: Online Gaming Authority to Transform Industry from May 1

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Technoxian Expands to South America: Ecuador Joins Global Robotics Movement Through Landmark WORSO–STEAMUP Partnership

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India to Host ESCOM 2.0: A Global Convergence of Esports Innovation and Industry Leadership

Impact Of COVID-19 On Startup Funding: How To Raise Capital During a Crisis?

The COVID-19 pandemic will have a far-reaching and long-lasting impact on the global economy. Even though lockdown restricts have now been eased in several countries, financial markets are likely to take a long time to recover from the covid-19-triggered crisis. As reported by the International Monetary Fund, this is the worst economic downturn since the Great Depression, projecting a humongous loss worth $9 trillion in global gross domestic product over the next 2-years. These are challenging times for businesses, even more so for startups that operate with razor-thin margins. Besides…

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4 Ways Startups Can Prepare to Survive Economic Tumult !!

The world is in a state of unprecedented tumult. Businesses and governments around the globe have been shaken to their cores by the Covid-19. This crisis has forced companies to ask their employees to work from home for their safety and improved productivity. 1. Flexibility for the way people work Around the world, the majority of large corporations still operate on inflexible, conservative management structures that care more about how long people are in the office than how productive they can be. The fear of being wrong or arriving late,…

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Twitter removes China-linked accounts spreading false news !!

LONDON: Twitter has removed a vast network of accounts that it says is linked to the Chinese government and was pushing false information favorable to the country’s communist rulers. Beijing denied involvement Friday and said the company should instead take down accounts smearing China. The U.S. social media company suspended 23,750 accounts that were posting pro-Beijing narratives, and another 1,50,000 accounts dedicated to retweeting and amplifying to those messages. The network was engaged “in a range of coordinated and manipulated activities” in predominantly Chinese languages, including praise for China’s response…

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Digital is the Key to Unlock this Disruption !!

Mumbai: The Covid-19 pandemic has accelerated several global business trends in favour of digitalization & focussing on digital avenues and collaborating beyond boundaries will be the stepping stones for the global economy to climb out of this disruption, said the keynote speakers at ET Unwired Reimagining Business Series on Thursday. Sir Martin Sorrell, executive chairman, S4 Capital and founder WPP, said that India is in the midst of a shopping revolution. The multi-billion-dollar investments by Facebook and several others in the telecom-technology-commerce triple play of Jio Platforms show that. “People…

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Factory output shrinks 55.5% in April; Full retail inflation data not out !!

New Delhi: India’s industrial production shrank by a record of 55.5% in April from the year earlier with manufacturing crashing 64.3%, as computed from data released by the government, which didn’t provide a number for the change from April 2019 because of the Covid-19 lockdown. The ministry of statistics & programme implementation also withheld the headline retail inflation figure for May but official data showed retail food inflation rose 9.28% on year last month. It had also withheld the headline inflation number for April on the grounds that the data…

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Twitter Releases Events Calendar for June to Assist with Strategic Planning !!

Due to the COVID-19 pandemic, Twitter’s events calendars are not looking as full as they once did, but there are still various opportunities & promotional tie-ins to consider across key dates in June, as per its latest listing. Every month, Twitter publishes a post highlighting the key dates, and referring back to its 2020 calendar,which will be published earlier in the year. And every month, I go through the actual calendar and remove all the events that are no longer happening. And it’s a lot, there’s a lot of functions…

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RBI proposes upper age limit of 70 years for CEOs, whole-time directors of banks !!

MUMBAI: The RBI has proposed an upper age limit of 70 years for CEOs and whole-time directors of banks and a maximum term of 10 years for those belonging to the promoter group, as part of the exercise to improve governance in the banking sector. The discussion paper released by the Reserve Bank of India (RBI) on Thursday said that chief executive officers (CEOs) and whole time directors (WTDs) belonging to the promoter group should pass on the managerial leadership to professionals after 10 years .. “The upper age limit for…

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Wing Drone Deliveries Take Flight in First-of-its-Kind Trial with FedEx !!

MEMPHIS, Tenn.–(BUISNESS WIRE) –Today, for the first time in the United States, a drone completed a scheduled commercial residential delivery to a home in Christiansburg, Virginia. The drone delivery was conducted by Wing Aviation, in collaboration with FedEx Express, as part of the U.S. Department of Transportation’s Unmanned Aircraft Systems Integration Pilot Program (IPP). Today’s delivery of a FedEx Express package marks the launch of the first scheduled, commercial residential drone delivery service and the first scheduled e-commerce delivery via drone delivery trial in the United States. For the duration…

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These robotic dogs take fetch to a whole new level !!

Package delivery may be going to the dogs.In the race to automate the delivery of packages and food in urban areas, most companies have been focusing on wheeled robots. But the German automotive company Continental has another idea. At the consumer Electronics in Las Vegas last week, it showed off a four-legged delivery robot designed to walk packages right to customers’ front doors. In demonstrations at the Las Vegas Convention Center, the battery-powered ANYmal Robot — made by Swiss robotics manufacturer ANYbotics — hopped out of Continental’s CUbE autonomous vehicle, stepped…

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SBI moves NCLT to recover Rs 1.2k-cr Reliance Communications loans from Anil Ambani !!

New Delhi: State Bank of India (SBINSE -3.13 Per cent) moved the insolvency court to recover more than Rs 1,200 crore from Anil Ambani under the personal guarantee clause of the bankruptcy law. It said Ambani had personally guaranteed loans taken by Reliance Communications NSE -5.00  Per cent, currently undergoing insolvency proceedings, which the state-owned lender is trying to recover. SBI moved the National Company Law Tribunal (NCLT) under Section 97(3) of Insolvency and Bankruptcy Code (IBC), seeking its intervention to direct the insolvency board to nominate a resolution professional…

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