Day: March 5, 2020

Apple pulls out of South by Southwest festival amid coronavirus outbreak

(Reuters) – Apple Inc <AAPL.O> is pulling out of this month’s South by Southwest music and tech festival amid the coronavirus outbreak, a company spokesman said on Wednesday.

The U.S. death toll from coronavirus infections rose to 11 on Wednesday and California Governor Gavin Newsom declared a statewide emergency amid the nation’s largest outbreak.

Facebook Inc <FB.O> had said earlier this week it would not participate in the festival.

Representatives of the event did not immediately respond to a request for comment.

The South by Southwest music and tech festival, set to be held in Austin, Texas, had said last

Global headwinds opportunity to expand capabilities: Commerce Secretary Anup Wadhawan

The measures include a national logistics policy and a national logistics action plan.

India must treat the ongoing global headwinds in trade and supply chain as a ‘silver lining’ and expand the country’s own capacities, especially in sectors where there is an excessive dependence on singular external source for raw material, said commerce secretary Anup Wadhawan.

“It is said that every cloud has a silver lining and we must use the unfavourable external headwinds to try and expand our capacities, strengthen our supply chain especially where we are excessively dependent on singular external sources for our inputs. Thus, we should

NCLT admits Gammon Infra arm for insolvency

The company (RGBL) had entered into a concessions agreement with Andhra Pradesh Road Development Corporation (APRDC).

The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted Rajahmundry Godavari Bridge, a subsidiary of Gammon Infrastructure, for Corporate Insolvency Resolution Process (CIRP). Vishal Ghisulal Jain has been appointed as the resolution professional for the process.

The company (RGBL) had entered into a concessions agreement with Andhra Pradesh Road Development Corporation (APRDC) for design, construction, finance, operations and maintenance of a 4.15-kilometre long four-lane bridge across the river Godavari.

The project also included 10.34 kilometre of approach roads on either side