Date: 07.08.

2020

“The first and final thing you have to do in this world is to last it and not be
smashed by it.”

― Ernest Hemingway

CORPORATE UPDATES

1. Facebook employees to work from home until July 2021 due to

coronavirus outbreak; get $1,000 for home offices
Facebook Inc will allow employees to work from home until July
2021 due to the coronavirus outbreak and will give them USD
1,000 for home office needs, a spokeswoman for the social media
giant said on Thursday.

2. Aurobindo Pharma working on COVID-19 vaccine;

Shortlisted for BIRAC funding
Aurobindo Pharma Limited is working on developing several viral
vaccines including one for COVID-19 even as the candidate was
approved for funding by the Department of BioTechnology, the
company said in its latest annual report.

3. Isagro integration will be completed by Q3, says PI Industries’

Mayank Singhal
PI Industries is expecting the export and domestic business to
continue growing, said Mayank Singhal, while adding that the
Agri sciences company is operating at 100 percent capacity.
Speaking about Isagro acquisition, Singhal said that 13 percent
growth contribution came in from Isagro (Asia) Agrochemicals
Private Ltd. According to him, Isagro integration will be
completed by Q3.

4. Uber lost $1.8B in Q2 as riders stayed home and ordered in

Uber lost USD 1.78 billion in the second quarter as the pandemic
carved a gaping hole in its ride-hailing business, with millions of
people staying home to reduce the spread of the coronavirus.