BUSINESS
Elon Musk says 'moving on' from making fun of Bill Gates
Musk later said his tweet was in reference to his Twitter fights with Microsoft co-founder and billionaire Bill Gates. "(from making fun of Gates for shorting Tesla while claiming to support climate change action)," he said in a follow-up tweet. Gates has not yet issued any public statement on Musk tweets.
Musk declines Gates' request to discuss philanthropy in new leaked texts
As per a series of leaked text messages, Gates was proposing a potential meeting with Musk "to discuss philanthropy possibilities," but Musk was not willing to do so after Gates admitted he still has not closed out his short position on Tesla, reports Teslarati. There were rumours Gates did hold a short position against Tesla, but he never truly confirmed whether he had any sort of investment in the automaker's stock.
Why Bhavish Aggarwal won't invite Elon Musk to Ola FutureFactory?
Aggarwal said that no one company has the right or the entitlement to own the future of humanity, which is electric mobility. "Why should I invite Musk? It is he who should invite us as we have to take pride in our work," Aggarwal.
After end of Covid third wave, commercial realty out of the woods
Commercial realty had taken a hard hit as a large number of workforce started working from their homes in March 2020 in the wake of the health crisis.With the economy reopening post a massive vaccination drive, many employees are now returning to their offices. Besides, demand for new office spaces too has emerged.
Trouble brews for Getamber Anand as ATS group company goes into insolvency
The proceedings were initiated last month after ICICI Prudential Venture made a plea to the New Delhi-based bench of the NCLT for claiming unpaid dues of around Rs 25 crore.
However, the company got a minor relief with the NCLAT directing ICICI Prudential to file a rejoinder within two weeks and put a stay till the next hearing on May 11.
For 20K Jaypee home buyers, no end to suffering even after 12 years
Stuck in long-drawn legal battles (the home buyers' case is now being heard in the National Company Law Tribunal, or NCLT), the decade-old plight is lingering that left more than 20,000 Jaypee home seekers running from pillar to post, and finally giving up.
How SC stood by Amrapali homebuyers, ensured funding for stalled projects
However, the spell of opulence did not last long for the firm's top management. On February 28, 2019, the Supreme Court sent the group's CMD Anil Sharma and two directors to police custody for siphoning off money invested by the homebuyers.
They continue to remain behind bars. However, their incarceration has not lessened the worries of thousands of homebuyers, who had invested their life savings in the company's projects.
Feuding brother exposes Rohtas Goel's Rs 3,000-cr scam, casts shadow on Omaxe
However, it was a melting point that threw light into the alleged scam, in which Rohtas Goel allegedly had unaccounted cash transactions to the tune of Rs 3,000 crore, according to the Income Tax Department.
Ola Electric set to launch autonomous car in about 2 years
Speaking to reporters at Ola FutureFactory in Krishnagiri district in Tamil Nadu, Aggarwal said that Ola will look forward to launching a car with indigenously-developed autonomous technology that will be a mass-level vehicle.
ICICI Bank Q4FY22 net profit at Rs 7,019, up 59% YoY
The net interest income (NII) of the lender increased by 21 per cent year-on-year to Rs 12,605 crore in Q4, from Rs 10,431 crore reported in the same quarter last fiscal.
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