Coronavirus outbreak has severely impacted small-scale businesses across the country. As 'Ganesh Chaturthi' approaches, sculptors in Bhopal are staring at losses due to low demand due to COVID-19. A sculptor said, "We have mortgaged money markets, relatives and jewelry. Where will we bring the money we have spent. If these idols are not sold, we will commit suicide."
Gymnast Dipa Karmakar resumed training after more than five months. Karmakar was on a break due to the raging Covid-19 pandemic. The athlete was back in gym to enhance her gymnastic skills. Karmakar was seen flexing muscles to get back in action. "I am feeling glad that after over five months I came to the gym. All the gyms were shut due to coronavirus pandemic in March. I thank Tripura Sports Council for giving me training opportunity. We were undergoing online fitness training all this while," Gymnast Dipa Karmakar said. The gymnast resumed training under supervision of her coach BS Nandi. "I started giving online classes during the lockdown. As of now, the aim is to get these players back in their form," Dipa Karmakar's coach, BS Nandi said. The Coronavirus pandemic took a toll on sports activities across the world. The 2020 Tokyo Olympics was also postponed until next year. The event has been scheduled to take place from July 23 to August 8, 2021.
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From former Indian President getting infected to Karnataka Chief Minister recovering from Covid-19, here are the top updates on coronavirus pandemic. Former Indian President Pranab Mukherjee tested positive for Covid-19 on Monday. Mukherjee requested people who came in contact with him to self-isolate. World Health Organisation (WHO) chief Tedros Adhanom Ghebreyesus said there is a need to “suppress, suppress, suppress” the virus. Tedros said there is still hope of conquering Covid-19. Over 90% Covid-19 patients in Delhi have recovered, according to the latest statistics. Delhi Chief Minister Arvind Kejriwal said the people of Delhi are slowly and steadily defeating corona. Also, Karnataka Chief Minister BS Yediyurappa was on Monday discharged from hospital after he recovered from Covid-19. Meanwhile, Paris made it mandatory for tourists to wear a mask in outdoor spaces. WHO chief praised Paris’ move and called it “strong and precise”. Watch the full video for more details.
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Delhi police stepped up security in and around the capital ahead of the Independence day celebration on August 15. Police were seen checking vehicles in the India gate and Connaught place region. Similar checks are also underway in other regions of the capital. Meanwhile, on Sunday, the Indian Armed Forces (Tri-Service) Band gave a musical performance at the North Block. The Defence Ministry has said that the Independence Day event will be marked by musical performances by the bands from the Army, Navy and the Indian Air Force. 'These performances are intended as gestures of gratitude and appreciation of the nation towards the Corona warriors who have been steadfastly fighting to stop the spread of the Coronavirus in the country even at the risk of their lives,' said the Ministry of Defence in a press statement. Military and Police Bands will also perform in Imphal, Bhopal and Jhansi on August 12. The final performance of the series will be held on August 13 in Lucknow, Faizabad, Shilong, Madurai and Champaran, it stated. Watch the full video for all the details.
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Brooks Brothers announced that Authentic Brands Group and SPARC Group LLC were the winning bidders for the suiting company. Business Insider reports that Brooks Brothers filed for Chapter 11 bankruptcy last month. ABG and SPARC increased its initial offer of $305 million to $325 million. They agreed to keep at least 125 retail locations operating. The group have previously worked together to purchase distressed retailers like Aeropostale and Juicy Couture.
On Wednesday, Tesla stock rallied as much as 7% in early trading. According to Business Insider the boost comes after the company revealed a five-for-one stock split scheduled for August 28. Every Tesla shareholder will receive four additional shares that, when added to their existing share, will equal the stock's pre-split value. The split itself won't change Tesla's market cap. However, it may pull in smaller investors who couldn't previously afford shares.
Italy's richest family is the Ferraro family. They founded confectionery giant Ferrero Group. The company is run by Giovanni Ferrero. Under his guidance the value of assets acquired through his CTH holding company increase by 40% last year. Business Insider reports this was partly due to CTH's $300 million purchase of Danish cookie business Kelsen Group last year.
Business Insider reports that Facebook's ad revenue will continue to increase this year. The growth will come despite the growing number of brands pulling ad campaigns amid the coronavirus pandemic. Net US digital ad revenues at Facebook will increase by 4.9% this year to $31.43 billion. Brands pulled ad spend from Facebook for the month of July in support of the NAACP campaign #StopHateForProfit. The campaign only asks brands to pause Facebook ad spending.
Robinhood overtook its rivals in trading activity during the month of June. According to Business Insider, a surge in retail investing drove millions of users to the trading platform. The brokerage posted 4.31 million daily average revenue trades, as investors capitalized on pandemic-fueled uncertainty. Robinhood used to attract traders with its zero-commission-fee structure, but rivals have since slashed their own fees.