UK’s Sunak authorises bailout to rescue strategically important companies

UK’s Sunak authorises bailout to rescue strategically important companies


British Finance Minister has authorised a bailout plan to rescue companies that are seen as strategically important, with the Treasury saying it may step in to support crucial businesses on a “last resort” basis after other options run out.


The Treasury said it may try to save those companies whose failure will “disproportionately harm the economy”, the Reuters reported.



“In exceptional circumstances, where a viable company has exhausted all options and its failure would disproportionately harm the economy, we may consider support on a ‘last resort’ basis,” a spokeswoman from the Treasury said in an emailed statement.


“We are putting in place sensible contingency planning and any such support would be on terms that protect the taxpayer,” the statement added.


ALSO READ: Amid Covid-19 mess, PM Johnson plans to cut Huawei’s 5G involvement in UK

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Top 10 biz headlines: Slowdown blues, coronavirus lockdown impact, and more

Top 10 biz headlines: Slowdown blues, coronavirus lockdown impact, and more


Foreign portfolio investors (FPIs) are once again stepping on the gas when it comes to pulling out of Indian markets. Analysts want RBI to look at ‘unconventional’ monetary policy measures for a revival nudge. Here are the top ten headlines on Monday morning.


Overseas investors once again step up selling as stimulus disappoints



Foreign portfolio investors have flushed out $1.7 billion amid disappointment over the stimulus package and rising Covid-19 cases despite multiple lockdown extensions. Read more here


It’s back to business for industry, but not quite ‘business as usual’ yet


Even as sales are nowhere near last year’s levels and no one is counting projected growth for the year, but compared to April, industry is looking at seeing a sign of slow uptake in May demand as lockdown is slowly relaxed. Read more here

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Fundi – A New Live Stream Payment Platform %%sep%% %%sitename%%

Fundi – A New Live Stream Payment Platform %%sep%% %%sitename%%

Fundi, the real-time funding platform for live streaming has unveiled its new digital payment solution for fans to support their favorite live stream content creators. The platform in essence will support live stream producers by helping them earn funds easily when they go live.

Designed and developed by the creative agency the community, Fundi is the first platform to combine real-time payment with live streaming via an interactive sticker. In effect fundamentally shifting the digital payment process by making seamless real-time payment during live streaming.



Fundi Live Stream Payment Platform

With Fundi, viewers can simply click on the fundi sticker, a button present on all live streams, to send their desired contribution. The contributions can be as little as just a dollar at a time. All charges are secure via online payment company Stripe which would then connect to your bank account. In addition, Fundi leverages Twitch’s

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Covid-19: Delhi to hire 200 cabs; Assam says return only if necessary

Covid-19: Delhi to hire 200 cabs; Assam says return only if necessary


The has decided to hire 200 taxis from cab aggregators Ola and Uber to strengthen its ambulance service which is under pressure due to the pandemic.


The hired taxis, 110 from Ola and 91 from Uber, will be used for carrying non-critical and non-Covid-19 patients to and from hospitals, a order said, news agency PTI reported.


The taxis to be used as ambulance vehicles will be placed under the CATS director who is responsible for managing the Centralised Accident and Trauma Services (CATS) ambulances.


Such a decision was taken in view of high demand of CATS ambulances for ferrying patients due to which more vehicles were needed to serve those suffering from other ailments.


ALSO READ: Coronavirus LIVE: Indore cases cross 3,000-mark; India tally 131,423


In Himachal Pradesh, the Dharamsala administration has said

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Digital Growth Unleashed Event Now Virtual – Still Chock Full of Small Business Experts

Digital Growth Unleashed Event Now Virtual – Still Chock Full of Small Business Experts

With yet another conference changed to take place virtually, this is a great opportunity to learn how to grow your digital presence.

Digital Growth Unleashed is going to be streaming live from Jun 1-3, 2020 with a lineup of more than 20 experts. They will be holding two days of sessions with actionable content to help you grow your digital presence.

You will learn how to attract, persuade, and serve your customers with a wide range of techniques with powerful and measurable outcomes.

This includes Conversion rate optimization (CRO), which will cover copywriting, calls-to-action, split testing, user research, neuromarketing, behavioral economics, and usability. Additional sessions will look into mobile conversion, lead generation, and eCommerce.

You can register by clicking the red button. While you are at it, take a look at the rest of the events and contest below.

Register Now



Check out all these other small business

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Amid coronavirus crisis, states set to ground Centre’s flight plan

Amid coronavirus crisis, states set to ground Centre’s flight plan

The Union government’s plan to resume domestic flights from Monday has run into rough weather, with several states suggesting at least a week-long quarantine for airline passengers and some others resisting commercial air transport altogether during the For instance, Maharashtra has made it clear that the resumption of flights would not be possible during the Following that, Mumbai — a key destination for domestic air travel — will fall off the network. It may be the same for Kolkata as well. The West Bengal government has said it’s busy handling the aftermath of the cyclone and would write to the Centre to defer flights to Bagdogra and Kolkata to May 28 and 30, respectively. Others including Karnataka have asked for stringent quarantine once passengers land, thereby restricting travel to and from another important business hub — Bengaluru.


In an official communication, the Maharashtra government on Saturday

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