BUSINESS
After Tesla, SpaceX to accept Dogecoin for merchandise soon
Tech billionaire Elon Musk said that his aerospace company SpaceX will soon accept Dogecoin as a payment option for merchandise, joining Tesla.The electric vehicle company started accepting the cryptocurrency in January, reports Teslarati. Musk, a frequently vocal supporter of some cryptocurrencies, announced on Twitter, first reiterating that Tesla merch could be bought with the crypto.
Momentum with markets: Expect further upmove
On each of the three days of losses, markets had opened positive and were up for a sizeable part of the day before selling brought the markets down and turned negative. On Thursday, markets were weak and recovered form the lows to record gains. BSE-SENSEX gained 558.27 points or 1.03 per cent to close at 54,884.66 points while NIFTY gained 86.30 points or 0.53 per cent to close at 16,352.45 points.
Startup founders must brace for economic slowdown: Zoho's Sridhar Vembu
As startups face the wrath of global macro-economic factors like the Russia-Ukraine war, high inflation, rising interest rates and Chinese lockdowns with laying off the workforce and shutting divisions, the "course correction is coming to India and the founders must prepare themselves for a long-haul innings to survive the slowdown.
Elon Musk highest-paid CEO, followed by Tim Cook: Report
After Musk, the 10 most highly compensated Fortune 500 CEOs of 2021 are all tech and biotech CEOs, including the heads of Apple (Tim Cook), Netflix (Reed Hastings), and Microsoft (Satya Nadella). In 2021, Musk "realised" compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear "moonshot" grant.
Our startups are creating wealth and value: Modi in 'Mann Ki Baat'
In monthly radio address 'Mann Ki Baat', Prime Minister Modi said, "On the 5th of this month, the number of unicorns in the country has reached the figure of 100 and you surely know that a unicorn is a startup worth at least seven and a half thousand crore rupees. The total valuation of these Unicorns is more than 330 billion dollars, that is, more than 25 lakh crore rupees."
If US slips into recession, expect major market correction: MOFSL equity head
He also cited the importance of global cues and developments, particularly in the US, on investor sentiments. After looking at the performance of LIC, many market participants believe that the craze for IPO seems to have subsided for now. Companies like NSE, Byju's, Snapdeal, Ola, Oyo, Pharmeasy, Bajaj Energy, Go Airlines, MobiKwik are likely to come out with IPOs in 2022.
Nature of warfare changed, financial system being weaponised: Gavekal Research report
At this point, investors can adopt one of two stances -- the first might be described as "nothing to see here; move along", and the second is to accept that the world is changing rapidly, and that these changes will have deep and lasting impacts on financial markets. Russia's invasion of Ukraine may be telling the world that modern history's unipolar age is now well and truly over, it said.
DGCA imposes Rs 5 lakh fine on IndiGo for denying boarding to special child
The Hyderabad-bound flight left behind the child and their parents at the Ranchi airport. Citing the event as "inappropriate handling" of passengers, a DGCA panel had decided to issue a show cause notice to the airline. While imposing the fine on Saturday, the regulator said the behaviour of the IndiGo ground staff and the handling of the child was "deficient" and it "exacerbated the situation".
DGCA imposes Rs 5 lakh fine on IndiGo for denying boarding to special child
The Hyderabad-bound flight left behind the child and their parents at the Ranchi airport. Citing the event as "inappropriate handling" of passengers, a DGCA panel had decided to issue a show cause notice to the airline. While imposing the fine on Saturday, the regulator said the behaviour of the IndiGo ground staff and the handling of the child was "deficient" and it "exacerbated the situation".
Samsung logs highest monthly global market share in 5 years
In fact, it was one of the only few brands to grow against the market decline, according to Counterpoint Research. "This was driven by the strong performance of the S22 series in the premium segment and the A series in the mid-segment. Samsung also had low exposure to the declining China market, which negatively affected sales of all Chinese OEMs," said Research Director Tarun Pathak.
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