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Author: Loknath Das

Vivo to Invest Rs. 4,000 Crores for New Mobile Phone Plant in India

Loknath Das, , , , , , , , , , , , ,

Chinese smartphone maker Vivo on Thursday announced an additional investment of Rs. 4,000 crore for over a period of four years towards opening a new manufacturing plant on the Yamuna Expressway in Uttar Pradesh that will generate 5,000 jobs in its first phase of expansion. The new 169-acre land has been acquired near the existing 50-acre manufacturing facility that will help expand Vivo’s manufacturing capabilities and support its continued growth in the country, the company said in a statement. The Rs. 4,000-crore investment, which does not include the cost of…

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Mapletree to invest in logistics assets in India

Loknath Das, , , , , ,

The firm has appointed Souvik Mukherjee to head logistics development in the country. Photo: Bloomberg Bengaluru: In its second innings in India, Singapore-based real estate asset manager Mapletree Investment Pte. Ltd is gearing up to invest in the logistics space, apart from core office assets, said three people familiar with the plans. Logistics development is a strategic call for Mapletree, which is looking at creating a long-term investment and development portfolio across key cities. The firm has appointed Souvik Mukherjee to head logistics development in the country and for office…

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Bengaluru teenage boy thrashes mother with broomstick, video goes viral

Loknath Das, , , , , , , , ,

The boy reprimanded his mother after she found pictures of him smoking a cigarette. (Photo: Screenshot from a YouTube video) A video of a 17-year-old boy thrashing his mother with a broomstick has gone viral on social media. The video was recorded by the boy’s sister. In the video, the boy is seen hitting his mother for bad mouthing him and discussing him with their neighbours. The teenager could be heard threatening his mother, saying “you will be beaten again if you don’t stop doing this [bad mouthing and discussing…

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Days After Bulandshahr Violence, Yogi Adityanath Meets PM Modi In Delhi

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Two, including a cop, were killed in Bulandshahr on Monday in a mob violence allegedly over cow slaughter New Delhi: Days after the Bulandshahr violence that led to the killing of two, including one policeman, Uttar Pradesh Chief Minister Yogi Adityanath met Prime Minister Narendra Modi at his official home in New Delhi on Thursday. Even though what transpired between them was not officially communicated, sources in the Bharatiya Janata Party (BJP) said the Chief Minister invited PM Modi for the “Ardh-Kumbh” to be held in Allahabad next month. Sources also…

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Pro-Russia Social Media Takes Aim at Macron as Yellow Vests Rage

Loknath Das, , , , , , , , , ,

Emmanuel Macron successfully dodged cyberattacks and fake news reports that were widely blamed on a Kremlin effort to destabilize his 2017 presidential campaign. Now, with France convulsed by violent protests, the Russians appear to be back – and may be hitting closer to their mark. Among 600 Twitter accounts known to promote Kremlin views, the top hashtag now is #giletsjaunes, the French name for the so-called Yellow Vests protest movement, according to the Alliance for Securing Democracy, a unit of the German Marshall Fund of the U.S. that monitors those…

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Lance Armstrong says his investment in Uber ‘saved our family’

Loknath Das, , , , , , , , ,

Lance Armstrong on escaping a $100 million lawsuit and Uber   19 Hours Ago | 04:11 After Lance Armstrong’s fall from grace cost him millions of dollars in lost endorsements and lawsuit settlements, one thing kept him on his feet: his investment in Uber. “It’s saved our family,” Armstrong told CNBC’s Andrew Sorkin in an interview aired on Thursday. In 2009, the former pro cyclist invested $100,000 in Chris Sacca’s nascent venture capital firm, Lowercase Capital. Armstrong said the bulk of the money went to Uber, which at the time was…

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