Photo: The Statesman
Delhi HC Issues Notice To Newsclick Editor-In-Chief, Seeks Stand On Delhi ED's Plea
Delhi High Court (HC) issued a notice to the editor-in-chief of Newsclick, Purkayastha, seeking his stand on the plea filed by the Delhi Police to cancel the granted interim protection to him. Notably, accused in money-related issues, irregularities in funding and other money laundering issues. The investigation against him and his company is underway by the Delhi Police and the Enforcement Directorate. He applied for anticipatory bail,… read-more
Tags: newsclick, Editor-in-chief, Delhi HC, ED, MONEY LAUNDERING, Investments
Courtesy: Dev Discourse News
Photo: NBC News
Elon Musk Promises To Revitalize The Company: Annual Revenue 26.4 Billion USD By 2028
According to the New York Times Elon Musk aimed to increase Twitter's annual revenue to 26.4 billion USD by 2028. Advertising will fall to 45% , subscriptions are expected to pull 10 billion USD, average revenue per Twitter user to 30.22 USD by 2028. He has promised to revitalize the company with the expectation of 11,072 employees by 2025. On May 5 Musk listed the names of high profile investors.
Tags: Elon Musk, Twitter, New York Times, Investments, annual revenue
Courtesy: Reuters
Photo: AP News
US's Biggest Investment Scam Convict Passes Away At Federal Prison
The US's largest Ponzi scheme convict Bernie Madoff passed away on April 14 at federal prison's medical facility in Butner, North Carolina. The 82-year-old had a natural death, a year after the court denied his lawyer's request to release him considering medical reasons. Nonetheless, he pleaded guilty of running an investment scam in March 2009. Reportedly, around $13 billion of his investors have been recovered out of $17.5 billion.
Tags: Ponzi scam, Ponzi scheme, Finance, Investments
Courtesy: Money control
Photo: Autocar India
GM Discontented Over Maha Govt's Disapproval To Shut Talegaon Plant
US-based automaker General Motors (GM) has expressed resentment over the Maharashtra government's objection of GM annulling its Talegaon plant. GM warned that the rejection contradicts the state's business-friendly rapport and could discourage prospective investors. Reportedly, the government rejected GM's appeal over grievances raised by workers who demanded GM to continue production. Besides, a… read-more
Tags: General Motors, Maharashtra Government, Investments, Talegaon
Courtesy: Reuters
Photo : The Financial Express
Paytm Money To Help Retail Investors By Facilitating Investments In IPOs
Entering a new territory, Paytm will now start facilitating investments in Initial Public Offers (IPOs) in India. The company's subsidiary Paytm Money will made the process of IPO application completely digital and simple for retail investors. Paytm Money will enable investors to quickly apply and complete the application process for all the latest IPOs via their UPI ID. It also eases the process of making changes in bidding with a dedicated … read-more
Tags: Paytm, Investments, retail investors, IPOs
Courtesy: Hindustan Times
Photo: The Wall Street Journal
Jack Ma's Ant Group IPO Attracts Orders Worth $3 Trillion From Investors
Alibaba's Jack Ma-backed Chinese fin-tech firm Ant Group's Initial Public Offering (IPO) has attracted orders worth $3 trillion by individual and institutional investors in Hongkong and Shanghai markets. Interestingly, the bids are equivalent to the UK's GDP and higher than India's GDP. Reportedly, the IPO is expected to bag $34.5 billion, breaking the previous record of Saudi Aramco ($29.4 billion). Reportedly, the company will begin trading… read-more
Tags: IPO, Ali Baba, Ant Group, Investments, HONGKONG, China
Courtesy: Business World
