BUSINESS
Elon Musk highest-paid CEO, followed by Tim Cook: Report
After Musk, the 10 most highly compensated Fortune 500 CEOs of 2021 are all tech and biotech CEOs, including the heads of Apple (Tim Cook), Netflix (Reed Hastings), and Microsoft (Satya Nadella). In 2021, Musk "realised" compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear "moonshot" grant.
Our startups are creating wealth and value: Modi in 'Mann Ki Baat'
In monthly radio address 'Mann Ki Baat', Prime Minister Modi said, "On the 5th of this month, the number of unicorns in the country has reached the figure of 100 and you surely know that a unicorn is a startup worth at least seven and a half thousand crore rupees. The total valuation of these Unicorns is more than 330 billion dollars, that is, more than 25 lakh crore rupees."
If US slips into recession, expect major market correction: MOFSL equity head
He also cited the importance of global cues and developments, particularly in the US, on investor sentiments. After looking at the performance of LIC, many market participants believe that the craze for IPO seems to have subsided for now. Companies like NSE, Byju's, Snapdeal, Ola, Oyo, Pharmeasy, Bajaj Energy, Go Airlines, MobiKwik are likely to come out with IPOs in 2022.
Nature of warfare changed, financial system being weaponised: Gavekal Research report
At this point, investors can adopt one of two stances -- the first might be described as "nothing to see here; move along", and the second is to accept that the world is changing rapidly, and that these changes will have deep and lasting impacts on financial markets. Russia's invasion of Ukraine may be telling the world that modern history's unipolar age is now well and truly over, it said.
DGCA imposes Rs 5 lakh fine on IndiGo for denying boarding to special child
The Hyderabad-bound flight left behind the child and their parents at the Ranchi airport. Citing the event as "inappropriate handling" of passengers, a DGCA panel had decided to issue a show cause notice to the airline. While imposing the fine on Saturday, the regulator said the behaviour of the IndiGo ground staff and the handling of the child was "deficient" and it "exacerbated the situation".
DGCA imposes Rs 5 lakh fine on IndiGo for denying boarding to special child
The Hyderabad-bound flight left behind the child and their parents at the Ranchi airport. Citing the event as "inappropriate handling" of passengers, a DGCA panel had decided to issue a show cause notice to the airline. While imposing the fine on Saturday, the regulator said the behaviour of the IndiGo ground staff and the handling of the child was "deficient" and it "exacerbated the situation".
Samsung logs highest monthly global market share in 5 years
In fact, it was one of the only few brands to grow against the market decline, according to Counterpoint Research. "This was driven by the strong performance of the S22 series in the premium segment and the A series in the mid-segment. Samsung also had low exposure to the declining China market, which negatively affected sales of all Chinese OEMs," said Research Director Tarun Pathak.
Layoffs despite startups being flush with funds leave workforce enraged
The blockbuster startup party, that started in the pandemic years, appears to be over as thousands have been fired from startups ranging from edtech to e-commerce and healthtech verticals. Professional networking platforms like LinkedIn are full with raging posts from employees who have been asked to leave.
When a Zomato share is priced lower than a kilo of tomatoes
Share prices of tech startups such as Zomato, Nykaa and Paytm have caused huge wealth destruction for investors. Ravi Singh, Vice President and head of Research Share India said following the market slump due to the geopolitical crisis and interest rate hikes in developed economies, share prices of tech startups such as Zomato, Paytm and Nykaa have failed, erasing a large part of investors wealth.
Mobile gaming set to surpass $136 billion in 2022
The overall gaming market is set to hit $222 billion in 2022, according to data.ai (formerly App Annie) and the International Data Corporation (IDC). Globally, users downloaded 45 per cent more mobile games per week in Q1 2021 from pre-pandemic levels, clocking in at over 1.1 billion games per week.
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