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Rahul to talk COVID-19 with Nobel laureate Abhijit Banerjee

Last week Rahul Gandhi talked with former RBI Governor Raghuram Rajan in which Rajan suggested that Rs 65,000 crore is needed to help the poor in the country.

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Rahul and Abhijit Banerjee

New Delhi, May 4 : As part of his conversation series, Congress leader Rahul Gandhi is set hold a talk with Nobel laureate Prof Abhijit Banerjee on the economic impact of COVID-19 on Tuesday which will be streamed live on social media platforms of the party.

The Congress party tweeted: “Rahul Gandhi in conversation with Nobel laureate, Prof Abhijit Banerjee discussing the critical issues of COVID-19 and its economic impact.”

Rahul Gandhi has started a series of talk shows to speak about Covid-19 and how the country can come back on track economically. In the conversations he has stressed that India needs more testing

Last week Rahul Gandhi talked with former RBI Governor Raghuram Rajan in which Rajan suggested that Rs 65,000 crore is needed to help the poor in the country.

Rajan had said that there should be effort to give money to the poor through DBT to MNREGA ,old age pension and also support through PDS .

Rajan said that India needs to be cleverer in lifting the lockdown as it has limited capacity to feed the poor.

“There are ways the country can take advantage but I think there will be no positive impact of this situation as there may be rethinking in global economy.”

Business

JioMeet takes on Zoom, can support up to 100 participants

JioMeet offers unlimited meetings per day and each meeting can go uninterrupted up to 24 hours.

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JioMeet

New Delhi, July 2 : Amid growing calls for ”Made in India” digital tools, Reliance Jio has launched a free video-conferencing application called JioMeet, taking on US-based Zoom platform.

According to the JioMeet description on Google Play Store, the application can be used for 1:1 video calls and hosting meetings with up to 100 participants with enterprise-grade host controls.

Other highlights include easy sign up with either mobile number or email ID, meeting in HD audio and video quality.

The application can be used for creating instant meetings to chat with friends and also to schedule a meeting in advance and share meeting details with invitees.

JioMeet offers unlimited meetings per day and each meeting can go uninterrupted up to 24 hours.

The application can be used on Android, Windows, iOS, Mac, SIP/H.323 systems.

JioMeet has already been downloaded for over 10,000 times from Google Play Store.

Each meeting is password protected and the host can enable a “Waiting Room” to ensure no participant joins without permission, JioMeet said.

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Tesla delivers over 90K vehicles in Q2 2020, stock up 9%

Tesla’s revenue in Q1 2020 reached $5.9 billion, an increase of nearly $1.5 billion a year ago. The company ended the quarter with $8.1 billion of cash.

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Tesla CEO Elon Musk

San Francisco, July 2 : Tesla stocks were up 9 per cent on Thursday after the electric car maker posted stronger-than-expected quarterly deliveries.

The Palo Alto-based company said it delivered 90,650 vehicles in the June quarter. It achieved the feat despite its Fremont, California based factory was out of action owing to Covid-19 lockdown for most part of the quarter.

Tesla delivered 80,050 Model 3s and Model Ys in the quarter and 10,600 of its Model S luxury sedan and Model X SUVs.

“In the second quarter, we produced over 82,000 vehicles and delivered approximately 90,650 vehicles,” Tesla said in a statement.

Tesla market cap was over $200 billion and its stock closed at a record $1,133.36 on Wednesday.

“While our main factory in Fremont was shut down for much of the quarter, we have successfully ramped production back to prior levels,” it added.

Tesla reopened its Fremont, California-based factory after a long fight with the local authorities as sheltering-at-home rules were in place in May.

The company posted a surprise profit of $16 million in the first quarter of 2020 despite temporary disruptions in productions due to COVID-19 restrictions.

Tesla’s revenue in Q1 2020 reached $5.9 billion, an increase of nearly $1.5 billion a year ago. The company ended the quarter with $8.1 billion of cash.

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Zuckerberg refuses to bow down, expects advertisers to return ”soon”

American food company Chobani, drug maker Pfizer and software major SAP were among the latest brands pulling who joined Coca Cola, adidas, cleaning supply firm Clorox, Conagra (the maker of Slim Jim, Duncan Hines and Pam), fast food chain Denny’s, Ford and Starbucks to pull their ads from the platform.

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Facebook CEO Mark Zuckerberg

San Francisco, July 2 : As hundreds of companies halt advertising on Facebook and Instagram, Its CEO Mark Zuckerberg is confident the brands would soon return on the platform.

According to a report in The Information, Zuckerberg told employees he was reluctant to bow to the threats of a growing ad boycott, saying “my guess is that all these advertisers will be back on the platform soon enough.”

“We”re not gonna change our policies or approach on anything because of a threat to a small percent of our revenue, or to any percent of our revenue,” he apparently told the employees, according to the report on Wednesday.

Of the 25 largest spenders on Facebook ads, only three companies Microsoft, Starbucks and Pfizer have confirmed pause ads on Facebook.

As Facebook ad boycott by more than 400 brands officially began on Wednesday, the social networking giant said it was getting better at removing harmful content and that the platform does not in any way profit from hate speech.

Writing an open letter to address concerns of advertisers, Nick Clegg, Facebook’s Vice President of Global Affairs and Communications on Wednesday said that “platforms like Facebook hold up a mirror to society”.

“I want to be unambiguous: Facebook does not profit from hate,” said Clegg, who is a former Deputy Prime Minister of the United Kingdom.

The call to boycott ads on Facebook started after the social networking giant decided to allow controversial posts by US President Donald Trump to stay up.

Facebook said that when it finds hateful posts on Facebook and Instagram, it takes a zero tolerance approach and removes them.

Facebook saw its market cap eroded in billions as more big brands boycotted its platform against the unchecked spread of hateful and disinformation on its platforms.

American food company Chobani, drug maker Pfizer and software major SAP were among the latest brands pulling who joined Coca Cola, adidas, cleaning supply firm Clorox, Conagra (the maker of Slim Jim, Duncan Hines and Pam), fast food chain Denny’s, Ford and Starbucks to pull their ads from the platform.

Facebook’s digital advertising accounted for more than 98 per cent of the company’s nearly $70 billion in revenue last year.

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