Juergen Hase, a telecom industry vet and CEO of Reliance Group's internet of things unit — Unlimit — thinks India is positioned to become a global leader in the industry in the next 2-3 years, according to Entrepreneur India.

The growth of Internet of things companies in India is projected to reach $15 billion by 2020 thanks to the increased adoption of the technology across sectors like manufacturing, automotive, transportation and logistics, according to India's Economic Times. Hase says that those businesses will likely further capitalize on the accelerating growth by linking up with India's rising startups. He highlights 3 trends in India that back up these claims:

  1. Aggressive startups: Hase explains how startups are on the rise in India, especially among the younger generations. He added that almost all of India's innovation is coming from these startup companies.
  2. Strong demand: India's focus on megacities will invoke demand for IoT technology in all sectors. "This demand is being met by the government's push for investments in key projects like the public transport system."
  3. Technological Advancement: India is price sensitive and looking to implement cheaper, low-powered technology. If India achieves their IoT target in the next five years, the country would largely benefit on exports.

Go deeper

Dion Rabouin, author of Markets
9 mins ago - Economy & Business

Investors have nowhere to hide

Photo: Jeenah Moon/Getty Images

The massive losses in oil prices and U.S. and European equities were not countered by gains in traditional safe-haven assets on Wednesday.

Why it matters: The unusual movement in typical hedging tools like bonds, precious metals and currencies means they are not providing investors an asset that will appreciate in the event of a major equity selloff.

Kendall Baker, author of Sports
14 mins ago - Sports

A look inside sports owners' political donations

Data: ESPN/FiveThirtyEight; Chart: Axios Visuals

Sports team owners in the four largest North American leagues (NFL, NBA, MLB, NHL) have donated over $46 million in federal elections since 2015, according to research conducted by ESPN and FiveThirtyEight.

By the numbers: Over the past three elections, $35.7 million of that money (77.4%) has gone to Republican campaigns and super PACs, compared to $10.4 million (22.6%) to Democrats.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — Fauci says U.S. may not return to normal until 2022
  2. Politics: Space Force's No. 2 general tests positive for coronavirus
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases
  4. Europe faces "stronger and deadlier" wave France imposes lockdown Germany to close bars and restaurants for a month.
  5. Sports: Boston Marathon delayed MLB to investigate Dodgers player who joined celebration after positive COVID test.