News Flash (15th October 2020): Top 10 Stories Of The Day

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startups, unicorns
Image Credits: Trak

India Is expected to have 60,000 startups and 100 unicorns by 2025

The TIE Global and Zinnov report said India will create the same number of unicorns as 2018 and 2019, despite the pandemic. Nevertheless, it added that 12-15% of startups are facing the risk of surviving.

Delhi govt. to frame policy for regulating coaching centres

Delhi Government, coaching centres, unicorns
Image Credits: NDTV

The Delhi government is in the process of formulating a policy for the regulation of private coaching centres functioning in the capital and frame guidelines concerning infrastructure, fee, land area and safety measures. The DoE has asked all coaching institutes, having an enrolment of 20 and above students, to register themselves with the Directorate by 14 November.

India contributes Rs 7.32 Cr. to UN Agency for Palestinian refugees

Palestinian refugees, UN
Image Credits: Business Standard

The Government of India on Monday provided USD 2 million to the United Nations Relief in support of its core programmes and services, including education and health. “India is facing a difficult situation at home due to the pandemic and it has still not forgotten the Palestinian refugees and stepped in to help stabilise basic services,” UNRWA said.

Apple loses up to $81 billion in value as it unveils iPhone 12

Apple, iPhone 12, market value
Image Credits: Maven Buzz

Apple announced four iPhone models this year. With the launch of these devices, the company removed the charging devices for environmental reasons. However, the company made some major improvements in design and feature but the share market did not take the announcement happily.  

Biden assures citizenship access to 11mn people under the immigration bill

Joe Biden, citizenship access
Image Credits: CNS News

Democratic presidential candidate Joe Biden has vowed to give citizenship to 11 million unlawful immigrants if voted to power within the November three presidential elections. Biden recognized this as one among his priorities along with beating the virus, rebuilding the financial system and determining the best way to restore American management around the globe.

Mumbai Metro to resume services from October 19

Mumbai Metro to resume, unicorns
Image Credits: The Indian Express

On Wednesday, the Mumbai Metro tweeted that it will resume services from October 19 at 8.30 am. Maharashtra government has now allowed the working of metros and provided relief to commuters with maintaining the guidelines of COVID-19 precautions. “We have already initiated safety inspections and trial runs and are set to restart passenger operations from Monday”. 

YouTube bans content promoting covid-19 vaccine misinformation

covid-19 vaccine misinformation, Youtube
Image Credits: ADN Radio

YouTube has announced that it would now ban any content with claims about COVID-19 vaccines that contradict consensus from local health authorities or the World Health Organization. A YouTube spokesman told Reuters that general discussions in videos about “broad concerns” about the vaccine would remain on the platform.

Dropbox allows all employees to work from home permanently

Dropbox, work from home
Image Credits: Fox Business

Dropbox is going remote – permanently. The cloud-storage company announced Tuesday it would allow all employees to work from home going forward. The shift comes after an internal survey found approximately 90% of the workers said they were more productive at home relatively. “Starting today, Dropbox is becoming a virtual first company” mentioned the company’s official statement. 

Zuckerberg, wife chan to donate $100m to US election infra

Priscilla Chan, US election
Image Credits: Toopanda

Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan, on Tuesday, made an announcement of making an additional $100 million donation to help with election security. The funds will support the Center for Tech and Civic Life (CTCL) “to make sure that every jurisdiction that needs funding tohelp people vote safely, can get it”, Zuckerberg.

Infosys has become the fifth Indian firm to cross Rs 5 trillion in market capitalization

infosys, market capitalization
Image Credits: CP News

The information technology (IT) bellwether is set to become the fifth company to touch market capitalisation of Rs 5-trillion, with the stocks having reached nearly 61% this year . It is the second IT firm in the country to have achieved the milestone. Infosys also raised its annual revenue growth forecast on continued strength in digital services operations.

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