US firm Vista Equity Partners to invest Rs 11,367 cr in Reliance’s Jio Platforms for 2.32 percent stake

Vista Equity Partners to buy 2.32 pc stake in Jio Platforms for Rs 11,367 cr

Vista Equity Partners, a US-based firm will soon invest Rs 11,367 crore into Reliance Jio Platforms for a 2.32 percent stake. This would be the third major investment in Reliance Industries Limited in less than three weeks.

RIL Chairman Mukesh Ambani said in a statement that like RIL’s other partners, Vista shares the same vision of continuing to grow and transform the Indian digital ecosystem for the benefit of all Indians. He stated that the firm believes in the transformative power of technology to be the key to an even better future for everyone

US treasury to borrow USD 3 trillion to support economy

The US Department of the Treasury has stated that it will be borrowing about US $3 trillion in the second quarter to support the economy amid COVID-19.

The department made an announcement on May 4 and stated that the treasury expects to borrow the US $2.999 trillion in privately-held net marketable debt from April to June. It has been assumed that the end of June’s cash balance will be US $800 billion.

Environment Ministry clears central vista’s new parliament building project; What is Central Vista Project?

Central Vista Project: Details of the project, what is the project about  and everything that you must know!The Environment Ministry’s Expert Appraisal Committee has cleared central vista’s project for the construction of the new Parliament building in its April 22-24 meeting. The cost of the entire project will be of Rs 922 crores.

The Central Vista Committee has also given approval to the new plan that has been opposed by the civil society organisations and the opposition parties.

India becomes world’s second largest PPE Body coveralls manufacturer

The central government on May 21 announced that India has become the second-largest manufacturer of Personal Protective Equipment (PPE) body coveralls in a time period of just two months.

Currently, China is the world’s leading manufacturer of PPE body coveralls which are essential to safeguard against COVID-19 pandemic. The Ministry of Textiles stated that several steps were taken to ensure the quantity and quality of PPE coveralls meeting their increasing demand.

Coronavirus Telangana Hotspots/Red Zones: Complete List of Red, Orange, Green Districts Containment Zone

Telangana has reported a total of 1551 COVID-19 cases as on May 17, 2020 with a total of 57 deaths and 992 recoveries, as per the data of the Union Ministry of Health & Family Welfare. The highest number of cases have been reported from Hyderabad in the state. Telangana government has allowed automobiles and spare-parts, AC and air-coolers shops to remain open during Lockdown 4.0 in GHMC (Greater Hyderabad Municipal Corporation red zones.

Coronavirus Study: Men more vulnerable to COVID-19 than women

Men are more prone to get COVID-19 infection than women, as per a recent study published in the European Heart Journal. The Study reveals that higher blood levels of ACE2 enzyme in men enables Coronavirus to infect the healthy cells, making men more vulnerable to die of COVID-19 than women. The findings of the study are mentioned below in detail along with the reason behind the theory.

Centre plans to implement new agro MSME policy

Union minister Nitin Gadkari announced on May 4 that the central government has been working on an agro MSME (Micro, Small, and Medium Enterprise) policy that will mainly focus on the entrepreneurship development in the tribal, rural, forest and agricultural areas.

The policy will encourage to manufacture products using the local raw materials. The announcement was made by the Union Minister for MSME, Road Transport and Highways during the video conference meetings held with SME (Small and Medium Enterprises) Export Promotional Council, SME Chamber of India and Representatives of beauty and wellness industry.