Day: August 1, 2020

Microsoft Is in Talks to Buy TikTok in U.S.

(Bloomberg) — Microsoft Corp. is exploring an acquisition of TikTok’s operations in the U.S., according to a people familiar with the matter. A deal would give the software company a popular social-media service and relieve U.S. government pressure on the Chinese owner of the video-sharing app.

The Trump administration has been weighing whether to direct China-based ByteDance Ltd. to divest its stake in TikTok’s U.S. operations, according to several people familiar with the issue. The U.S. has been investigating potential national security risks due to the Chinese company’s control of the app.

While the administration was prepared to announce an

Samsung, Apple-partner Pegatron, 20 others sign up for PLI scheme; major boost to Atmanirbhar Bharat dream

Production Linked Incentive Scheme (PLI) for large scale electronics manufacturing was notified on 1st April, 2020.

The government’s flagship program to boost mobile phone manufacturing has got a major push as 22 companies including Samsung and Apple-partner Pegatron have signed up to avail the benefits of the PLI scheme. “PLI scheme has been a huge success in terms of the applications received from Global as well as Domestic Mobile Phone manufacturing companies and electronic components manufacturers,” Ravi Shankar Prasad, Union Minister for Electronics & IT, Communications, said on Saturday. The same is in line with Prime Minister Narendra Modi’s

Amul doubles down on immunity boosting products amid coronavirus; launches Haldi Ice Cream

Amul had earlier launched Haldi Doodh, Ginger Doodh and Tulsi Doodh, which were also rolled out during the coronavirus pandemic.

Gujarat-based Amul has doubled down on its immunity boosting range amid coronavirus pandemic as demand booms for such products. The company has announced the launch of Haldi or Turmeric Ice Cream and has plans to roll out two more products — “Immuno Chakra Ice Cream — the Health trinity of Haldi-Ginger-Tulsi in tri-colour Ice Cream stick of 60 ml and Star Anise Doodh in the 200 ml can,” Amul said in a statement on Saturday. This is not the first