Tauren Express

The only way News travels

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15 Great Small Business Ideas to Start in 2020

You know you want to start a business, but you're having a tough time articulating your idea. If you want to become an entrepreneur, it's important to start with a great business idea. All you need is a bit of inspiration. It all starts with an idea that has room to grow over time. This list includes 15 great business ideas that can help you find success in 2020 and beyond. How can I start my own business with no money? You don't need money to become a small business owner. The first step in starting a business with no money is to keep your current job and launch your small business as, for now, a side pursuit. Then, develop your business plan and analyze your consumer base, market, and potential challenges. Near the final stages of this planning, you'll better understand how much money you need to start your business. You can find this money through crowdfunding platforms and investors. Consider taking out loans only as a last resort. How do I start a small business from home? Home-based businesses tend to be the most convenient and manageable small business ideas. That said, not all great business ideas are suited for home offices, so make sure your business can be conducted from home – jobs with onsite needs and heavy in-person demands might not be suitable. Read the full article

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Tamil Nadu Extends Lockdown Till July 31, Complete Shutdown to Continue in Chennai, Madurai Till July 5

Tamil Nadu Lockdown Extension News: In an effort to contain the spread of coronavirus, the Tamil Nadu government on Monday extended the statewide lockdown till July 31. The development comes just two days before the state was expected to end the current lockdown which was reinforced on June 19. Earlier in the day, an expert committee set up to advise the Tamil Nadu government on tackling the COVID-19 recommended that extension of the lockdown is not necessary in the state. However, complete shutdown will continue in Chennai, Madurai and surrounding areas of the state till 5th July. ALSO READ: Italy Marks Turning Point in Fight Against Coronavirus The move from the state government was taken as coronavirus cases continued to surge in Tamil Nadu on Monday with the state reporting nearly 4,000 fresh cases and the tally crossed 86,000 while 62 more deaths brought the toll to 1,141. Read the full article

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Mike Tyson Movie: How Much Of His Life Jamie Foxx's Biopic Will Cover

Actor Jamie Foxx recently confirmed that he's training for a Mike Tyson biopic, and that the film will cover the subject's "journey." Still, it remains unclear if Finding Mike will focus primarily on Tyson's professional career, or if there will be an extensive chapter about the boxer's life outside of the ring. Based on the available information, it's possible to piece together a logical timeline. Finding Mike's screenwriter and director haven't yet been revealed. In 2015, Foxx stated that both Terence Winter and Martin Scorsese were attached to the project, but he didn't identify them by name during a recent Instagram Live conversation about the pre-production process. Given that Scorsese is currently working on his next feature, Killers of the Flower Moon, he can be ruled out. As for the basic premise, though, it seems plausible that Finding Mike will cover several decades. After all, Tyson announced his comeback in 2020, and will soon return to the ring at age 53; a real-life twist that will undoubtedly influence Foxx's biopic in some form. ALSO READ: Oscars 2021 postponed to THIS date due to Coronavirus Foxx recently confirmed that he's physically training to look like Tyson during the early stages of the boxer's career. Foxx has stated that he wants to depict Tyson's transformation into a "peaceful" man after the 2009 death of his 4-year-daugher, Exodus. So, Finding Mike will presumably begin during the early '80s when Cus D'Amato became Tyson's legal guardian and began training him. Read the full article

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Rowing Federation of India (RFI) launches probe after 22 rowers fail dope test

The Rowing Federation of India (RFI) on Tuesday launched an investigation into the failed dope tests of 22 junior national team scullers as the National Anti-Doping Agency (NADA) called for the body to ‘introspect’. The rowers, all aged under 18, tested positive for probenecid, a drug used to treat gout. Probenecid is slotted as a masking agent banned by the World Anti-Doping Agency. Their samples were collected in July last year during a training camp in Hyderabad. Pointing at the 11-month gap between sample collection and test results, RFI secretary MV Sriram said a procedural lapse could not be ruled out. However, NADA director general Navin Agarwal dismissed the theory. “That (the 11-month gap) does not matter. It happened because soon after we collected the samples, the National Dope Testing Laboratory was suspended and we had to send the samples to a laboratory outside India,” Agarwal said. “What is important is that 22 rowers have tested positive. The federation should introspect and find out what went wrong.” The rowers have waived off their right to get their B samples tested since that process will be carried out in Doha, where their urine samples were analysed. For a B sample test, athletes have to be present themselves and the international travel restrictions rule out that possibility. The federation, however, has defended the rowers and said the failed tests could possibly be because of contaminated supplements. Read the full article

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CCI finally approves Facebook's 9.99% stake buy in Jio Platforms

The Competition Commission of India (CCI) has approved Facebook’s deal to buy a 9.99% stake in Jio Platforms, the digital and telecom unit of Reliance Industries. The CCI “approves acquisition of 9.99% stake in Jio Platforms by Jaadhu Holdings LLC,” the anti-trust body said in a tweet on Wednesday. On April 22, Facebook said it will invest Rs 43,574 crore in Jio Platforms for a 9.99% stake in an all-cash deal that will help the oil-to-retail conglomerate reduce debt and strengthen the social media company’s presence in its largest market, especially for its WhatsApp unit. ALSO READ: Canara Bank posts Q4 loss at Rs 3,259 crore, pre-provision operating profit drops 31%   https://twitter.com/CCI_India/status/1275755192332333058?s=20 Read the full article

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India to begin International travel bubbles soon

After countries abroad started to make travel bubbles, India too now plans to do the same. According to reports, India is looking to create these travel bubbles from next month. These travel bubbles will then permit Indian travellers to go abroad to specific destinations, and will allow them to come into India as well. International travel from India could be a possibility from next month on under a bilateral bubble arrangement. Furthermore, the government is also expecting domestic travel to go up by mid-July to at least half of what it was before the pandemic hit India. ALSO READ: China and India Agree to Cool Down Tensions Along Disputed Border   According to a statement from Hardeep Singh Puri, Civil Aviation Minister, India used to have 3 to 3.5 lakh domestic passengers daily before the pandemic. The numbers have definitely dropped now as the country began with merely 30000 passengers during the pandemic on May 25. But now that has reached about 72000 passengers daily, according to him. Puri further said that he expects this number to go to 1.5 to 1.6 lakh passengers before mid-July. This is when the government will think about scheduling international flights on a country-by-country basis. It really depends on which countries will permit Indian tourists. Also, more flights will be added by Air India under the Vande Bharat Mission, with a new phase that will see 750 flights being operated by airlines in India to the Gulf, and southeast Asia. Read the full article

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Canara Bank posts Q4 loss at Rs 3,259 crore, pre-provision operating profit drops 31%

Public sector lender Canara Bank on June 24 posted a loss of Rs 3,259.33 crore for the quarter ended March 2020. The bank had reported loss of Rs 551.53 crore in year-ago period. Lower net interest income, pre-provision operating profit and elevated provisions affected the bank's performance. Net interest income, the difference between interest earned and interest expended, declined 5.2 percent year-on-year to Rs 3,318.52 crore in Q4FY20. Pre-provision operating profit for the quarter fell sharply by 31.4 percent to Rs 2,040.87 crore as employee cost jumped 89.7 percent YoY to Rs 2,175.2 crore in Q4 on wage revision. Canara Bank in its BSE filing said non-interest income (other income) increased 16.8 percent to Rs 2,174.85 crore compared to corresponding period last year. Provisions and contingencies fell 2.7 percent year-on-year to Rs 5,375.38 crore in March quarter 2020, but the same increased 198.2 percent sequentially. ALSO READ: IMF projects sharp contraction of 4.5% in Indian economy in 2020; a historic low Provision coverage ratio improved to 75.86 percent at the end of March 2020, against 70.97 percent as of December 2019. Asset quality improved during the quarter. Gross non-performing assets as a percentage of gross advances fell 15 bps sequentially to 8.21 percent and net NPA declined 83 bps QoQ to 4.22 percent in quarter ended March 2020. Canara Bank said it had availed option for deferment of provision in respect of frauds reported for Rs 2,349.59 Read the full article

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Tamil Nadu reports 2,516 cases; seventh consecutive day of over 2,000 Covid-19 positive cases

Chennai: With 2,516 fresh coronavirus cases on Tuesday, Tamil Nadu's Covid-19 count breached the 64,000-mark. The State's total tally stands at 64,603 and with 39 more deaths, the death toll has risen to 833, the media bulletin confirmed. Tamil Nadu has been reporting more than 2,000 fresh cases of the infection for a week now and the number of active cases is 28,428. Of the fresh cases reported on Tuesday, ten patients who arrived in Tamil Nadu from abroad tested positive in the state . Apart from that, a total of 35,339 patients have been discharged in all with 1,227 patients on Tuesday, the bulletin added. Chennai continues to be the worst-hit district with 1,380 fresh cases in the state capital on Tuesday taking the number of cases in the city to 44,205. Of these, 39,897 patients are males, 24,686 are females and 20 are transgender patients. There are 87 functioning Covid-19 testing facilities in the state so far out of which 41 are private while the rest are government-run. According to the media bulletin, 26,148 samples were tested on Tuesday and over 9.4 lakh samples have been tested till date. ALSO READ: Patanjali claims “COVID Drug” ready before it’s tested by government Only last Saturday, the state tested 33,231 samples, which is the highest number of Covid-19 tests conducted in a single day in Tamil Nadu. Read the full article

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China and India Agree to Cool Down Tensions Along Disputed Border

Foreign Ministry spokesman Zhao Lijian told a regular news briefing Tuesday in Beijing that a commander-level meeting on Monday had agreed to “take necessary measures to cool down” the situation and resolve the issue through diplomatic and military channels. “The two sides agreed to continue with dialog and jointly work for the peace and tranquility of the border areas,” Zhao said. Indian government officials confirmed the eased tensions, describing the talks as cordial and positive and noting there was a mutual consensus to disengage from all friction areas in Eastern Ladakh. Indian stocks climbed, taking the benchmark index to its highest level in more than three months. The June 15 clashes in the Galwan valley killed 20 Indian soldiers and an unknown number of Chinese troops. Ten more Indian troops were taken into Chinese military custody, where they were held for several days before being released after high-level talks. The announcement came as Russian Foreign Minister Sergei Lavrov on Tuesday hosted a virtual trilateral meeting with China’s Wang Yi and India’s Subrahmanyam Jaishankar after Moscow emerged as a key player in thawing relations between the two neighbors. Read the full article

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Co-working space startup 91springboard raises Rs. 45 crore in fresh round of funding

Co-working space provider 91springboard has raised Rs 45 crore funding from its existing investors in the middle of the coronavirus pandemic, the company said in a statement. “We have secured funding of Rs 45 crore from our existing investors and we plan to utilise it by offering new-age and customized solutions that will help all our members adapt to the new normal,” said Anand Vemuri, CEO - 91Springboard. “We have reopened 14 of our 27 co-working spaces across India. These 14 office spaces are located in Delhi NCR, Gurgaon, Noida, Bengaluru, Hyderabad, and Goa. The rest of the spaces will reopen soon based on government advisories and our own assessment of health and safety,” he said. As soon as the lockdown was announced, 91springboard paused its billing cycle on membership plans and offered relief to its members. It launched initiatives to assist its members during the lockdown. 91springboard’s Startups vs Covid initiative consolidated all efforts being taken by investors, government departments and stakeholders in the startup ecosystem to support startups tackling issues pertaining to COVID-19. It also launched 91slive, a user engagement platform which offered information ranging from learning and knowledge (professional and personal) workshops, health and wellness stories and COVID 19 updates, the company said. Read the full article

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Apple Inc end ties with Intel Corp

Apple Inc on Monday said it will switch to its own chips for its Mac computers, ending a nearly 15-year reliance on Intel Corp to supply processors for its flagship laptops and desktop. Apple chief executive Tim Cook said it marked the beginning of a major new era for a product line that powered the company’s rise in the 1980s and its resurgence in the late 1990s. “Silicon is at the heart of our hardware,” Cook said during a virtual keynote address recorded at the company’s Cupertino, California, headquarters for its annual developer conference. “Having a world class silicon design team is a game changer.” The silicon switch brings the Mac into line with the company’s iPhone and iPads, which already use Apple designed chips. The news came at Apple’s Worldwide Developer Conference. The conference has gained new prominence since paid services sold through the App Store have become central to the company’s revenue growth as consumers have slowed the growth of iPhone upgrades. Apple takes a 15 per cent to 30 per cent cut of the sales developers make through the App Store, which is the only way to distribute software onto Apple’s mobile devices. Those fees, and Apple’s strict app review process, have come under antitrust scrutiny in the United States and Europe, where regulators last week unveiled a formal probe into the company. Read the full article

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Patanjali claims "COVID Drug" ready before it's tested by government

New Delhi:  Yoga teacher Ramdev's Patanjali Ayurved has been asked by the government to furnish details of Ayurvedic medicines it launched today claiming they can cure coronavirus within seven days. The company has also been ordered to stop advertising or publicizing such claims until they have been examined. The medicines, "Coronil and Swasari", were developed based on research and trials on 280 patients across the country, Patanjali's founder Ramdev told the media. The medicines come in a Corona kit priced at Rs 545, which was to be sold across India within a week. The Ministry of Ayush has asked Patanjali to provide at the earliest details like the composition of the medicines, the results of its research, the hospitals where the research was conducted, whether the company had a clearance from the Institutional Ethics Committee and whether it had registered for the clinical trials. "Facts of the claim and details of the stated scientific study are not known to the ministry," the Ayush Ministry said in a statement hours after the Patanjali launch. The ministry has also asked for copies of the license and product approval details of the Ayurvedic medicines, which were made in Haridwar, Uttarakhand. There is no scientific evidence of any alternative cure for COVID-19, even as vaccines are being tested by many countries. The World Health Organisation has also cautioned against such claims. Read the full article