BUSINESS
Musk puts Twitter at risk of 'billions in fines' as more top execs quit
In a note posted to Twitter's Slack and seen by The Verge, an attorney on the company's privacy team said that Musk has shown that his only priority with Twitter users is how to monetise them. "I do not believe he cares about the human rights activists. the dissidents, our users in un-monetisable regions, and all the other users who have made Twitter the global town square you have all spent so long building, and we all love," the lawyer wrote.
UN expert calls for early lifting of sanctions on Syria
The sanctions are contributing to the destruction and trauma suffered by the Syrian people, said Alena Douhan, UN Special Rapporteur on unilateral coercive measures and human rights, on Thursday. Following a 12-day visit to Syria, Douhan added that she was struck by the humanitarian impact of the measures imposed on Syria, a country attempting to rebuild in the wake of a decade-long war, Xinhua news agency reported.
US Treasury Secretary Janet Yellen visiting India to bolster ties
During the India-US EFP meeting, both sides will discuss issues of mutual interest including climate finance, multilateral issues, India-US cooperation at G20 under India's Presidency, taxation, supply chain resilience, global economy and macroeconomic outlook, the Finance Ministry informed through a series of tweets.
SIP contribution crossed Rs 13,000 crore mark in October: Mutual fund industry data
The monthly data showed that SIP contribution of Rs 13,040.64 crore in October was more than Rs 12,976.34 crore in September. Mutual fund folios crossed all-time high at 13,90,77,745 crore and retail mutual funds folios too were at an all-time high at 11,08,00,239 crore.
Adani Green Energy announces H1 FY23 results
The reduction in overall wind portfolio CUF and sale of energy is primarily due to one-off disruption in transmission line (force majeure) for 150 MW plant in Gujarat. The impact of this event in Q2 FY23 is expected to be 0.4 per cent of the expected annual generation of the overall operational capacity. Excluding the aforesaid 150 MW plant, the wind portfolio CUF stands at a strong 41 per cent in H1 FY23.
Twitter's global market share grows by 55% as Elon Musk takes over
According to data compiled by Finbold, a breakdown of the market share indicates that Facebook began the year at 76.85 per cent while in November, the value stood at 67.73 per cent. Elsewhere, in January, Twitter had a market share of 7.16 per cent while as of November, the figure stood at 11.16 per cent.
IONIQ5 to be Hyundai's first model for India under new platform
Driving the pump-to-plug revolution, Hyundai will pioneer the development of future electric vehicles with this dedicated BEV platform that is now coming to India with the Hyundai IONIQ 5. According to Hyundai, the E-GMP platform comprises of vehicle chassis that includes the battery, motor and power electric system.
Chip export curbs not aimed at hurting businesses: US official
Thea Kendler, US assistant secretary of commerce for export administration, made the remarks, as Washington's new set of export restrictions have sparked concerns they will deal a serious blow to South Korean chipmaking companies, primarily Samsung Electronics and SK hynix.
India, China converging to high income levels: Moody's
"The remainder have been in the same income category for decades and are either converging at a relatively slow pace or diverging from high-income levels," Moody's said.
For every rupee depreciation, software exports increase by $250 mn: SBI Chief Economic Advisor
In a research report Dr. Soumya Kanti Ghosh, Group Chief Economic Adviser, SBI, said for every rupee depreciation, software exports increase by $250 million.
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