BUSINESS
WATCH | Nirmala Sitharaman gets up from seat to offer water to NSDL MD, receives praise
The event was held in Mumbai on Saturday on the occasion of the silver jubilee of NSDL. Sitharaman attended the event and launched the NSDL investor awareness programme for students - Market ka Eklavya. As seen in the video, widely shared on various social media platforms, the NSDL MD paused amid her speech and apparently asked for water from the hotel staff.
Jet Airways gets MHA security clearance to resume flight operations
The security clearance come in wake of the proposed change in Jet Airways's management control and shareholding pattern, for the scheduled operator permit, according to officials privy to the development. The government move came after the Jalan Kalrock Consortium became the new promoter of the airline and approached the government for the security clearance. The airline, earlier owned by Naresh Goyal, had operated its last flight on April 17, 2019 before a financial crunch led to suspension of its operations.
Tesla sues former engineer for stealing supercomputer tech secrets
The Verge reported, citing court documents, that the electric car-maker has sued Alexander Yatskov for downloading the confidential information to his personal devices which he declined to give back. Yatskov violated company's policies by "removing Tesla confidential information from work devices and accounts, accessing it on his own personal devices, and creating Tesla documents containing confidential Project Dojo details on a personal computer".
Energy experts fear India's turn to 'dirty coal' commercially unviable
They say combined with the global pandemic and the Ukraine-Russia war, which has increased coal prices internationally, it should be a death knell for coal. The time to ramp up wind and solar is now so that India is prepared to deal with a warming world.
LIC IPO Day 5: Overall issue subscribed 1.79 times
The issue opened for subscription on Wednesday (May 4) and continues to see strong interest from all investor categories.
The portion reserved for eligible policy holders was subscribed 5.04 times, reservation for eligible employees was subscribed 3.79 times, retail category was subscribed 1.59 times, the non-institutional category witnessed subscription of 1.24 times, and qualified institutional buyers category saw subscription of 0.67 times.
RBI rate hike a surprise as it came between 2 review meetings: Sitharaman
"It is the timing which came as a surprise to many, but the act people thought should have been done anyway - to what extent could have varied," she said at The Economic Times Awards for Corporate Excellence in Mumbai on Sunday.
Jeff Bezos donates nearly $120 mn to nonprofit: Report
According to a Securities and Exchange Filings (SEC) filing, Bezos transferred 47,727 shares of Amazon stock to an unnamed nonprofit, worth a total of $118 million based on that day's closing stock price, reports Forbes.
Musk ignores govt calls as India Tesla team moves to other markets
His utter disinterest in responding to several requests made by the Indian government, especially by Union Road Transport and Highways Minister Nitin Gadkari, comes in the wake of reports that the team he hired in India last year has now been diverted to focus on the Middle-East and the larger Asia-Pacific markets.
Bitcoin, other cryptocurrencies in free fall after interest rate hikes
All cryptocurrencies were weighed down as central banks globally tried to control inflation by raising interest rates. Bitcoin is down more than 20 per cent since the beginning of this year. On Sunday, Bitcoin was hovering around $34,400 and ethereum, which is the second largest cryptocurrency, plunged 4.8 per cent to $2,545.
Musk says Twitter staff may face 'extreme' workloads if he takes over
While replying to an earlier tweet he shared about his plans for the micro-blogging site, he mentioned that he will still graft even harder than them to make the firm a success. "Also, work ethic expectations would be extreme, but much less than I demand of myself," Musk wrote on Twitter. Earlier, Musk had revealed that Twitter will focus deeply on hardcore software engineering, design, and more, following the completion of the acquisition of the micro-blogging site.
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