Musk offers to buy Twitter for $43 billion
WASHINGTON: Tesla CEO Elon Musk has offered to buy Twitter for $43 billion, saying the social media platform he has criticized for not living up to free speech principles needs to be transformed as a private company. In a letter to Twitter Chairman Bret Taylor, Musk said, “Twitter has extraordinary potential. I will unlock it.” Twitter Inc. said in a regulatory filing on April 14 that Musk, currently the company’s biggest shareholder, has proposed buying the remaining shares of Twitter at $54.20 per share.
Oil India HQ comes under cyber-attack
DIBRUGARH: PSU major Oil India Limited’s registered headquarters at Duliajan in Assam’s Dibrugarh district is purportedly under a cyber-attack which has led to the company shutting down all its computers and IT systems at the office, a company spokesman said on April 12. The systems have been on shut down and efforts are on to resolve the issue, he said.
India’s first ‘unicorn couple’ aims for IPO
NEW DELHI: An Indian couple that became the country’s first husband and wife to build separate billion dollar startups is angling to debut one of those firms on public markets. OfBusiness, a supplier of raw materials from steel to chemicals to small businesses, could go for an IPO in six months to a year, Ruchi Kalra, who co-founded the startup with husband Ashish Mohapatra, told Bloomberg Television. The couple’s other endeavor, digital lending startup Oxyzo, could float shares in about two years, she added.
Shehbaz Sharif takes oath as Pakistan PM
ISLAMABAD: Pakistan Muslim League-N (PML-N) leader Shehbaz Sharif took oath as the 23rd Prime Minister of Pakistan on April 11. He was administered the oath by Senate Chairperson Sadiq Sanjarani after President Arif Alvi complained of ‘discomfort’. Earlier in the day, Sharif was elected Prime Minister unopposed after former Foreign Minister Shah Mehmood Qureshi announced on the floor that his party Pakistan Tehreek-iInsaaf will boycott the PM polls
World Bank cuts India’s growth forecast to 8 pc
WASHINGTON: The World Bank cut its economic growth forecast for India and the whole South Asian region on April 13, citing worsening supply bottlenecks and rising inflation risks caused by the Ukraine crisis. The international lender lowered its growth estimate for India, the region’s largest economy, to 8 pc from 8.7 pc for the current fiscal year and cut by a full percentage point the growth outlook for South Asia, excluding Afghanistan, to 6.6 percent.
Sports with a values driven philosophy
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TCS net profit jumps 7.4 pc in 4th quarter
MUMBAI: The country’s largest software services firm Tata Consultancy Services opened the fourth-quarter earnings season with a stellar set of numbers, crossing the Rs 50,000-crore revenue mark for the first time and recording 7.4 percent year-on-year growth in net profit to Rs 9,926 crore. Rajesh Gopinathan, CEO & MD told reporters that the quarter witnessed the higher-ever incremental revenue addition of $3.533 billion and an all-time high order book of $11.3 billion
Cabinet nods Rs 5,911 cr outlay to extend RGSA
NEW DELHI: The Union Cabinet on April 13 approved the extension of Rashtriya Gram Swaraj Abhiyan (RGSA) for four years, up to 2025-26, with a financial outlay of Rs 5,911 crore. The scheme will help 2.78 lakh rural local bodies achieve sustainable development goals. Out of the total financial outlay of Rs 5,911 crore, the Centre will contribute Rs 3,700 crore while states will put Rs 2,211 crore.
Students can pursue two degrees at a time
NEW DELHI: In a virtual meeting with the media, UGC Chairman M Jagadesh Kumar revealed UGC’s latest plan to allow students to pursue two simultaneous academic programs, including full-time degree courses. He said that in accordance with the National Education Policy, the latest move aims to offer flexibility and personalization of higher education and even allow multidisciplinary education across various domains for students.
World looking at India for grains export: Goyal
NEW DELHI: Union Minister Piyush Goyal has said the availability of grains has ensured total food security in the country, and the world is now looking to India for export. Addressing media persons at the BJP headquarters on April 13, Goyal said between two to three million tonnes of wheat has been exported in the last few weeks, and a contract for export of three to three and a half million tonne of wheat has been signed for the April-June quarter.
62-year-old man held for Brooklyn shooting
NEW YORK: The police arrested a suspect accused of shooting 10 people on a packed subway car, authorities said on April 13, following a day-long manhunt for the fugitive gunman. The police had identified 62-year-old Frank James as the suspected gunman who detonated two smoke canisters as the train was pulling into a Brooklyn station, before firing 33 shots into the crowd. “My fellow New Yorkers: we got him,” Mayor Eric Adams told a news conference.