BUSINESS
Tesla doing better than ever, we don't control Fed: Musk on heavy losses
Tesla stock has nosedived around 60 per cent since January this year, and traded at $156.80 after hours this week. When a Twitter follower said that Musk has now erased $600 billion of Tesla wealth and still nothing from the Tesla board of directors which is "wholly unacceptable", he said Tesla is executing better than ever.
US Democrats to return over $1 mn they received from Sam Bankman-Fried
Given the allegations around potential campaign finance violations by Bankman-Fried, "we are setting aside funds in order to return the $815,000 in contributins since 2020", a DNC spokesperson told The Verge.
Only 2% of cryptocurrencies have a 'healthy' liquidity, finds study
There are only 153 crypto coins with high volume that are traded in many exchanges. In contrast, there are 5,886 cryptocurrencies with very low volume that are traded in a very small number of exchanges, according to the report compiled by BitStacker. This reaffirms the fact that there is unequal balance of trading volume among the thousands of cryptocurrencies and it provides a warning against speculating on crypto coins with a low liquidity, the report mentioned.
Delhi airport installs 5 more X-ray machines to streamline passenger traffic
In a tweet on Friday, Union Civil Aviation Minister Jyotiraditya Scindia said: "Within 9 days, Delhi Airport has installed 5 x-ray machines at the security-check area, taking the total to 18 ATRS/x-ray machines -- a major reason behind ease in congestion at T3." Many took to the micro-blogging to tweet about smooth flow of operations at the T3 terminal.
Ashneer now hits out at BharatPe Chairman Rajnish Kumar, says hiring him 'biggest mistake'
"Rajnish Kumar was my biggest hiring mistake. Not only because of what transpired - but bcoz I overlooked data. Under Rajnish as CMD, SBI stock tanked 25 per cent in 3 years (Rs 257 -- Rs 192). That's $8 billion of value destruction. After he left, it went to Rs 570 (up 200 per cent). Data is never dogla!" Ashneer Grover claimed in his tweet.
By 2024, Indian Roads to match US Standards: Nitin Gadkari
"It is going to help us get more exports", the Minister said, adding that now is the time to increase our business and presence in the international market. The Minister further stated that before 2024 ends, India's road infrastructure would be equal to the US standards. The Minister was addressing the annual convention and 95th AGM of FICCI.
Counterfeiting, smuggling develop into substantial threat to global economy
Counterfeiting and smuggling have developed into a substantial threat to the economy globally, this is the biggest challenge and needs to be addressed at a priority with effective enforcement of laws as a key to curb the menace.
All eyes again on Indian-origin Nishad Singh, close associate of former FTX CEO
Singh was in the inner circle of FTX's 30-year-old founder Bankman-Fried. As FTX's director of engineering, he lived in a penthouse in the Bahamas, along with key team members like CEO of Alameda Research, Caroline Ellison and Gary Wang, chief technology officer. "It is hard to imagine that Ellison, Singh, and Wang weren't aware of much of the activity that harmed FTX's investors and customers," reports Time.
Indian tech industry hired 380K freshers in FY22, Gen Z keen to join: Nasscom
According to the findings, significant fresher hiring over the last few years in the tech Industry has pushed the share of Gen Z to 18-20 per cent and millennials to 68-70 per cent of total employee base in FY22. In fact, 79 per cent of Gen Z are willing to spend more than two years in their first job, provided employers give them the right value proposition, said the Nasscom survey with job website Indeed.
India's growth expected to slow in 2023-24 on the back of sharp global slowdown
While buoyant, it would still leave output about 7 per cent below its pre-pandemic potential trend, reflective of impact of the pandemic and adverse terms of trade shock from higher commodity prices in 2022. Growth is expected to slow in 2023-24, on the back of a sharp global slowdown, which is weighing on exports, and the progressive fiscal and monetary policy normalization at home, JP Morgan said.
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