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Indian

Govt to support 75 startup innovations for healthcare challenges

Union Science and Technology Minister Jitendra Singh said India’s bio-economy is on its way to achieving the USD 150 billion target to contribute effectively to Prime Minister Narendra Modi’s vision of a 5 trillion dollar economy by 2024-25.

LIC seeks to appoint CFO before its mega IPO planned in 2021/22

LIC is currently under going a valuation exercise for an IPO that could be India’s biggest ever as the government seeks to raise around 900 billion Indian rupees by selling 5%-10% stake in the company by the end of the fiscal year that runs through March.

WHO’s emergency use authorisation for Covaxin further delayed: Report

The sources further said that the UN public health agency has asked for more data from Bharat Biotech for Covaxin.

This delay will affect Indians especially students and who have international travel plans. The EUA is important because without it Covaxin will not be accepted by most countries.

International

Virus upends outsourcing as firms ‘Reshore’, Embrace AI

But the bigger lasting change from the pandemic will likely involve the wider use of artificial intelligence to handle tasks currently performed by human beings, experts said.

“AI doesn’t go on strike, it can work 24/7 and throws up fewer complications,” said Michael Czinkota, who teaches international business at Washington’s Georgetown University.

Global hunger could double due to COVID-19 blow: U.N.

“COVID-19 is potentially catastrophic for millions who are already hanging by a thread,” said Arif Husain, chief economist and director of research, assessment and monitoring at the World Food Programme (WFP).

“We all need to come together to deal with this because if we don’t the cost will be too high – the global cost will be too high: many lost lives and many, many more lost livelihoods,” he told reporters at a virtual briefing in Geneva.

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