Klips for 6th July

Jio Phone 2. Source: Bloombergquint

Jio announces Jio Phone 2, set to launch Fiber based broadband services

  • Jio Phone 2 to cost 2999 and will be available from Aug 15
  • Will feature custom apps for WhatsApp, YouTube, FB
  • Will run on Kia OS which is used by Jio Phone, which has sold 25mn units

Boeing to buy 80% stake in Embraer for $3.8bn

  • Gives Boeing foothold in smaller planes category to compete against Airbus – Bombardier combine
  • Values Brazilian manufacture Embraer at $4.75bn

Law Panel: Allow gambling in sports, but regulate it

  • Proposal to allow cashless gambling to increase govt revenues through taxes
  • Will be a blow to traditional gambling which is banned and doesn’t accrue any revenue to the state
  • Proposal to cap number of gambling transactions, link them to Aadhaar, PAN

Opinion: Modi’s bonanza to Indian farmers hampered by funds, storage

http://in.reuters.com/article/us-india-crop-support-prices-analysis/modis-bonanza-to-indian-farmers-hampered-by-funds-storage-idINKBN1JV0OZ

Interesting: Tagwalk Wants to Be the Google of Fashion

https://nyti.ms/2NsHkqO

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