Month: May 2020 (Page 2)

Chief Minister Edappadi K Palaniswami has decided to reach out to 13 global heads of prominent companies in the electronic sector including Apple CEO Tim Cook and Amazon CEO Jeff Bezos, inviting them to invest in the state and offering the state government’s support in the form of customised incentive packages.

The move is aimed at cashing in on the opportunities arising with companies planning to exit from countries like China and looking to relocate their manufacturing activities to countries like India.

He will be writing directly to the heads of these companies, including Samsung’s president and CEO Kim Hyun Suk and HP’s CEO Enrique Lores, among others, said a government announcement.

ALSO READ: Tamil Nadu signs MoUs worth over Rs 15,000 crore to generate 47,000 jobs

“The letters outline the investment attractiveness and inherent advantages

India’s largest drug maker Sun Pharmaceutical Industries is getting ready to start the trials on a few drugs that have emerged as potential treatment candidates for Covid-19. This includes an anti-coagulant and anti-inflammatory drug nafamostat and another plant-based dengue drug candidate that was developing along with government research institutes.

stock was up 3.5 per cent on BSE on Friday.

On Friday, said that it received the nod from the country’s drug regulator to initiate a clinical trial with nafamostat mesilate in Covid-19 patients. These will be phase II clinical trials on about 40 patients. This drug is approved in Japan for improvement of acute symptoms of pancreatitis as well as for treatment of DIC (Disseminated Intravascular Coagulation).

Basically, it is an anti-coagulant drug that has potential anti-inflammatory and anti-viral activities against Covid-19.

ALSO READ: Vodafone Idea

6 min read

Opinions expressed by Entrepreneur contributors are their own.

Most would agree that any return that beats the market (which has seen an average annual return of 10.7% since 1871) is pretty darn good. From 1965–2017, Warren Buffett (through Berkshire Hathaway) enjoyed a 20.9% average annual return, and he’s historically one of the best investors in the world.

But did you know that the Renaissance Technologies Medallion Fund has gained 71.8% per year from 1994 to 2014, thriving through the Dot Com Bubble and the recent recession?

How did Simons and his team achieve such staggering returns? By using robots.

According to The Economist, robot trading now accounts for 35% of all stock market trading, 60% of institutional equity asset management, and 60% of all trading and investing overall.

Related: 10 Marketing Strategies to Fuel Your Business Growth

But what

Businesses and governments are mobilizing to fight COVID-19, and their top priorities have included stabilizing the workforce’s health, ensuring business continuity, securing liquidity, and maintaining supply chains. These are all efforts an organization relies on to ensure the effectiveness of its systems. But one important factor is often overlooked: the emotional health and effectiveness of the organization.

As New York governor Andrew Cuomo, who has emerged as a popular figure by virtue of his daily coronavirus press conference / therapy session, put it: “Call it psychological. Call it feelings. Call it emotions. But this is as much a social crisis as a health crisis.” People’s individual and collective feelings are the most powerful source of energy that exists in an organization — for good and bad. That’s why it is vital for organizations and governments to get in touch with and understand the fear, anxiety, and worry the virus is

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!

2 min read

As Americans adjust to a -from-home reality, are taking a stereotypically progressive stance on making those policies permanent. CEO said earlier this month that 50 percent of Facebook employees could permanently work from home in the next decade, and CEO told its employees they can work from home permanently unless their jobs require physically going to the office. 

So the next question those companies’ employees will likely ask themselves is natural: Why would I stay in the Bay Area if I’m not going into the office? Long the epicenter of tech in the U.S., the Bay Area has become prohibitively expensive for all but the highest-paid workers. Its housing costs are among the highest in the nation, and it’s gotten so

have seen strong gains this week with the index surging nearly 11 per cent in the last three trading sessions (starting May 23). In comparison, the Nifty50 is up 5 per cent.

The gains come after huge selling pressure and consequent under-performance of since the start of March. The financial sector, banks and non-banking finance companies (NBFCs), are seen to be most impacted due to the Which is why, the lost 41 per cent between February 28 and May 22, compared to a 19 per cent decline in Nifty50 (see table). Some individual bank stocks had seen bigger losses, ranging 45 – 52 per cent; IndusInd Bank was down nearly 70 per cent, during this period.

“There were some institutions, which were selling financial stocks over the last month and a half.