Those named in the FIR have been booked under section 3(1) Police (Incitement to Disaffection) Act, 1922 and certain sections of the IPC including — section 500 (defamation) and 34 (conspiracy). “In a brazen abuse of office, the Mumbai Police has booked the ‘editorial staff and newsroom in-charge for the concerned report getting aired and others’.
Category: Business analyst
Contentious catch: Inside the lobster dispute that’s roiling a Nova Scotia community
It was a sunny Thursday morning and Mike Sack, chief of the Sipekne’katik First Nation, was anxious to get in a boat and onto the water. Read More
Companies plan to continue shifting supply chains out of China under Biden or Trump, says PwC exec
While investment in China will remain important, "on a relative basis, we're seeing U.S. companies planning to spread that out more," PwC U.S. Chair Tim Ryan told CNBC.
Is it time for a new agency to oversee Big Tech? Many say yes
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The Justice Department’s decision to sue Google this week elicited mixed reactions, but there’s one point on which everyone agreed: The antitrust case will take years to play out. There are various reasons for this—from the complexity of the case to Google’s vast legal resources to the sluggishness of the judicial process—but the upshot is that the search giant will be able to conduct business as usual for the foreseeable future.
Not everyone is satisfied with this situation. As the New York Times reports, a growing number of influential figures, from law professors to former regulators, are calling for a different approach. Concluding that antitrust law is simply too slow, they believe it’s time for a new body to oversee tech behemoths like Apple, Facebook… Read the rest
Rural employment falls, employment rate in urban India stays low
CMIE data shows that the gap between the monthly employment rate in 2020-21 and the corresponding month of 2019-20 narrowed consistently till August, when it was just 182 basis points, after which it rose to 254 basis points in September. There are apprehensions it may widen further in October.
Stock futures rise slightly as traders monitor stimulus talks, debate ahead
U.S. stock futures rose on Thursday night as Wall Street weighed the potential for additional fiscal stimulus
From billion-dollar valuation to bust: Chinese tech unicorn now may be worth just over $1,000
Renrenche was one of China’s hottest tech unicorns backed by investors including Goldman Sachs Group Inc. and Tencent Holdings Ltd. Now the car website could sell itself for a little over $1,000.
The Beijing-based startup—which had a pre-money valuation of $1.4 billion in a financing round just two years ago—has a preliminary plan to sell its major assets to 58.com Inc. for HK$10,000 ($1,290), according to people familiar with the matter. China’s online classified ad leader will take over Renrenche’s Hong Kong entity, while offering at least $4 million in loans to its mainland operations, said the people, asking not to be identified because the transaction is private. The parties have yet to finalize the deal and may not proceed with it, the people said.
A representative for Renrenche declined to comment but said the contents of an emailed query sent to the company was inaccurate, without elaborating.
The deal … Read the rest
Companies from border nations to face tighter scrutiny for govt deals
The bidders will also have to furnish details of the contracts that they had received in the last five years from public procuring entities in India.
Some Canadians are ditching their debt as others drown during the pandemic
This article was created by Wise Publishing. While Postmedia may collect a commission on sales through the links on this page, we are not being paid by the brands mentioned. Read More
Futures hold steady as investors await progress on stimulus talks
Futures contracts held steady at the start of the overnight session as investors awaited details from stimulus talks.