Parag Agrawal and Twitter Logo

Photo: Variety

Twitter Slammed with $150 Mn Penalty Over 'Data Privacy Breach'

Twitter is ordered to pay $150 million as penalty for "data privacy breach", happened over a span of six years. The settlement was announced by the Justice Department and Federal Trade Commission, which also alleged that Twitter "deceived the users as to how well it maintained their privacy and security". They alleged, Twitter failed to disclose that the email addresses and phone numbers will be used to send targeted ads.

Thu, 26 May 2022 - 09:02 PM / by Shibu Immanuel S

Tags: Twitter, Data Privacy Breach, Targeted Ads, FTC, Parag Agrawal

Courtesy: Free Press Journal

Twitter Former CEO Jack Dorsey

Photo: DNA India

Former Twitter CEO Jack Dorsey Exits As Twitter Board Of Directors

Former Twitter CEO Jack Dorsey announced to step down from the Twitter Board of Directors. The announcement came on May 25, after the annual shareholder meeting. With Dorsey's exit from the Board of Directors, he is no more a part of the microblogging-site, which is now owned by Tesla CEO Elon Musk. Notably, the talk of Jack's exit was in place since he stepped down as Twitter CEO in 2021.

Thu, 26 May 2022 - 08:29 PM / by Varsha Joshi

Tags: Jack Dorsey, Twitter, board of directors, Stepped Down, Former CEO

Courtesy: ANI

Supreme Court

Photo: NDTV

SC Set Aside Delhi HC Orders, Allows SFIO In Sahara Group, Nine Companies

The Supreme Court reviewed a petition filed against the Delhi HC's judgment, granting relief to Sahara Housing Investment Corporation Limited and nine companies. Notably, in December-2021, Delhi HC put a stay on operation, execution, and investigation into Sahara Groups and nine companies. However, the Apex Court set aside the orders and allowed Serious Fraud Investigation Office (SFIO). The bench also directed the HC to decide petition… read-more

Thu, 26 May 2022 - 06:30 PM / by Varsha Joshi

Tags: Sahara Groups, Supreme Court, Delhi HC, investigation, Petition

Courtesy: ANI

IndiGo Flights

Photo: Hindustan Times

IndiGo Suffers Huge Loss In Q4 2022 Amid Omicron Variant

Airlines IndiGo suffered a huge net loss of Rs 1,681 crore in the quarter ending March, said company on May 25.  The airlines' Q4 loss was said to be 46.6% close to Rs 6,161 crores, more compared to the loss in 2021, which was Rs 5,806 crores. Notably, Covid-19's Omicron variant and deduction in travel demand was one of the major reason behind the loss.

Wed, 25 May 2022 - 10:19 PM / by Varsha Joshi

Tags: IndiGo, Airlines , Quarter 4, omicron, Loss

Sugar

Photo: Oneindia

Central Government Imposes Limitations On Sugar Exports

Central government put constraints on sugar exports of up to 100 lakh metric tonnes (LMT) from June 1 to October 31. This is to ensure domestic supply and price stability throughout the 2021-22 sugar season (October-September). Exports will be permitted only with the specific consent of the Directorate of Sugar under the Department of Food and Public Distribution. This year's sugar season has seen the largest sugar export in history.  

Wed, 25 May 2022 - 05:00 PM / by Vidhi Jhunjhunwala

Tags: India, Sugar, Export, Restricted-Export-List, domestic price

Courtesy: ANI

AP signs MoU

Photo: India Today

AP Govt Attracts Rs 1,000 Cr Investment From WEF Summit, Signs MoU

The World Economic Forum (WEF) summit has brought huge investment for Indian states in 2022. After Telangana and Karnataka, Andhra Pradesh also bagged a Rs 1,000 crore investment from ANMS. The company announced to expand its pallet plant capacity unit in Vizag, AP. The new expansion will be a boost to India's Make-in-India program, with pioneer renewable projects, manufacturing units, and industrial decarbonization agenda. AP Government… read-more

Wed, 25 May 2022 - 12:58 PM / by Varsha Joshi

Tags: Andhra Pradesh, YS Jagan Mohan Reddy, WEF 22, Davos, MoU

Courtesy: ANI

Elon Musk

Photo: CNBC

Elon Musk's Net Worth Drops By $12 Billion After Decline In Tesla Shares

Following the big decrease in Tesla shares on May 24, Elon Musk's net worth suffered a setback. Following Tesla's downfall, the tech tycoon lost $12 billion from his net worth last week. In the midst of a 7% decrease in Tesla share prices, Elon Musk fell outside the exclusive $200 billion club, reducing his net worth to $192.7 billion as per the Bloomberg Billionaires Index. 

Wed, 25 May 2022 - 12:36 PM / by Vidhi Jhunjhunwala

Tags: Elon Musk, Tesla, $200 billion club, Net worth, Shares

Courtesy: Zee news

Karnataka Govt signs MoU

Photo: Business Standard

Karnataka Signs MoU With ReNew Energy, Brings Investment Worth Rs 50,000 Cr

At World Economic Forum in Davos, the Karnataka Government signed an MoU with ReNew Power, a leading renewable energy company. As per the inked MoU, the company will invest Rs 50,000 crore in the Karnataka Renewable energy sector in the next seven years. Signed in the presence of CM Bommai Basavaraj, the new proposal will bring green hydrogen, battery storage, and renewable energy units set up in Karnataka in phases.

Wed, 25 May 2022 - 12:30 PM / by Varsha Joshi

Tags: Renew Power, Renewable Energy, Karnataka CM, MoU, Investment

Courtesy: ANI

Tamil Nadu BJP chief

Photo: The Hindu

Tamil Nadu BJP Chief Demands DMK Government To Lower VAT On Fuel Prices

K Annamalai, BJP's Tamil Nadu unit chief, questioned why DMK kept the state VAT higher than the excise duty levied by central government. He urges DMK administration to reduce petrol and diesel costs by Rs 2 and Rs 4 per litre, respectively. According to him, they should also provide a Rs 100 subsidy on cooking gas. Other states, excluding Tamil Nadu, decreased their fuel rates after Centre reduced Excise Duty.  

Wed, 25 May 2022 - 10:30 AM / by Vidhi Jhunjhunwala

Tags: Tamil Nadu, BJP, Petrol, Diesel, VAT

Courtesy: Indian Express

KTR With Delegates In Davos

Photo: The Hans India

Telangana Miniter KTR Attracts Rs 600 Cr Investment For Telangana At WEF 22

Telangana IT, Urban Development Minister KT Rama Rao attracted international investment of Rs 600 crore for Telangana. On May 23, day one of the World Economic Forum 2022 in Davos, KTR met with the representatives of the LuLu Group and Chemo Pharma. While the Lulu Group will investment of Rs. 500 crore in the food processing sector, Spain’s Chemo Pharma will invest Rs. 100 crore, expanding its unit in… read-more

Tue, 24 May 2022 - 01:32 PM / by Varsha Joshi

Tags: KT Rama Rao, International Companies, Davos, WEF 22, Investment

Courtesy: Republic World