AstraZeneca admits Covid vaccine could cause rare side effects in court filing; Gartner reveals top data and analytics trends for 2024; Tech & more
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AstraZeneca admits Covid vaccine could cause rare side effects in court filing
AstraZeneca has conceded, for the first time in court documents, that its Covid-19 vaccine could lead to rare side effects, according to The Telegraph. The vaccine, developed in collaboration with the University of Oxford , was distributed globally under various brand names, including Covishield and Vaxzevria. The pharmaceutical giant is facing a class-action lawsuit alleging severe injuries and fatalities linked to its vaccine. Families of affected individuals have come forward, asserting that the AstraZeneca vaccine's side effects have had devastating consequences.
Rajnath Singh declares assets worth ?7.36 crore, does not own any vehicle
Defence Minister Rajnath Singh, who represents Lucknow in the Lok Sabha, filed his nomination papers on April 29. Singh is seeking a third term from the Lucknow Lok Sabha constituency, once represented by former Prime Minister Atal Bihari Vajpayee.
According to the affidavit, the 72-year-old senior BJP leader is an active user of social media platforms such as Facebook, Instagram, Twitter and, YouTube. He also has a website. The Union minister does not own any vehicle but has a revolver (with a purchase price of ?10,000) and a double-barrel gun (with a purchase price of ?10,000).No criminal cases are pending against him, as per his election affidavit. Singh has movable assets worth over ?3.11 crore.
‘Unwarranted and unsubstantiated’ — Here’s how India reacted to the charge that RAW chief approved Pannun assassination plot
India’s Ministry of External Affairs has reacted to the Washington Post report, which said that the plot to kill Sikh extremist Gurpatwant Singh Pannun was approved by Samant Goel, the chief of the spy agency in New Delhi at the time.?
"The report in question makes unwarranted and unsubstantiated imputations on a serious matter,” the statement issued on the morning of April 30 said.?Samant Kumar Goel retired as the chief of India's Research and Analysis Wing (RAW), the country's premier spy agency, last year after a four-year stint.
#TechTalks??
Gartner reveals top data and analytics trends for 2024
Management consulting firm Gartner disclosed the key data and analytics (D&A) trends for 2024 at the Gartner Data & Analytics Summit. Ramke Ramakrishnan, VP Analyst at Gartner, highlighted the pivotal role of artificial intelligence (AI) and the growing significance of GenAI (generative AI), underscoring their influence on work dynamics, team collaboration, and operational processes.
During the summit, analysts unveiled the top D&A trends that IT leaders must integrate into their strategies to navigate the evolving landscape effectively.
Elon Musk leaves China with Tesla driving software hurdles cleared with Baidu deal
Elon Musk’s quick visit to China paid immediate dividends, with Tesla Inc. clearing two key hurdles to introduce its driver-assistance system to the world’s biggest auto market.
The US carmaker will partner with Chinese tech giant Baidu Inc. for mapping and navigation functions to deploy what it calls Full-Self Driving, or FSD, according to people familiar with the matter. Tesla has also passed a key data security and privacy requirement in China, which would help ease some of the concerns over bringing FSD to market.
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India-Mauritius Treaty Protocol 2024 — these are the main implications for foreign investors
India is now the global economic hotspot attracting unprecedented levels of Foreign Investments comprising or Foreign Direct Investment (FDI), Foreign Institutional Investors (FIIs) and Foreign Portfolio Investment (FPI). For the past 3 decades, Mauritius-based funds and holding companies have been one of the most preferred structures for investments in India due to overall regulatory framework in Mauritius and favourable Double Tax Avoidance Agreement (Treaty) between India and Mauritius.
The primary benefits of the Mauritius Treaty included exemption from capital gain arising in India in respect of investments made prior to March 31, 2017, and lower withholding tax on dividends and certain other types of income.
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Nestle baby-food scandal | Why this health food maker has double standards in low-income countries
A rather alarming article came up on my LinkedIn feed this week. The article claimed that Nestle adds sugar to the company's infant milk sold in poor nations, but not in Europe or the UK. According to the article, Nestlé’s Cerelac? for six-months-old babies has 6 grams of sugar added per serving in Thailand, 5.2 in Ethiopia, 4 in South Africa, 2.7 in Pakistan and 2.2 in India – compared to 0 in the UK and Germany.
In somewhat of a disbelief, I researched the subject further, and what I discovered is enraging; In a nutshell, large scale food companies are selling ultra-processed and overly sweetened food products to poor and lower income countries – sometimes even advocating them as 'good for the health' – all while lowering the sale of such foods in western countries.
#StartupsWorld??
Awign aims to achieve $1 billion in revenue by 2030 aided by Mynavi Corporation's backing
Japanese HR tech firm Mynavi Corporation has secured a majority stake in Awign, a Bengaluru-based on-demand work fulfilment platform. This deal marks the first significant cross-border acquisition within the HR tech sector in the past two decades. Annanya Sarthak, co-founder and CEO of Awign , elaborated on the shared vision between Awign and Mynavi, emphasising their commitment to addressing India's unemployment and underemployment challenges while striving to become the preeminent HR tech company in Asia.
OLA Cabs CEO quits; Co to lay off 10% of its employees: Sources
Ola Cabs CEO Hemant Bakshi has resigned from his position just after four months of joining. The firm is also likely to lay off over 200 or 10% of its employees in a restructuring move, sources told CNBC-TV18.?Bakshi had joined the ride-hailing firm in January to take care of day-to-day operations. Ola Cabs founder Bhavish Agarwal continues to be the chairman and managing director. The announcement comes just a few weeks after Ola Cabs initiated preliminary discussions with investment banks for an IPO.
#PersonalFinance??
Bank Holidays in May 2024: Know the dates to avoid hassle
The Reserve Bank of India (RBI) has released a list of bank holidays for May 2024. The private and public sector banks will be closed for up to 14 days, including national holidays, religious holidays, Lok Sabha Election 2024 holidays, Sundays and the second and fourth Saturdays, in May.
As per the RBI, the holidays in India fall into three categories:-
These are the four typical pitfalls faced by retail MF investors — how to avoid them
Of the almost 4 crore unique investors in Indian mutual funds currently, over 1.5 crore have invested for the first time only in the last five years. As an industry, it is now our responsibility to check if these new investors are likely to have a good investing experience in their first brush with mutual funds. Are they getting adequate information on the funds? Doing the necessary research? Making well-informed decisions? They will need all of the above to have confidence in their investments and stay invested for the long-term.
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