BUSINESS
Elon Musk responds to B'luru man who tweeted 'he was not founder of Tesla'
The tech billionaire recently reiterated a few points about Tesla's early days in a set of tweets following a post from Vaibhav Sisinty, the CEO and founder of GrowthSchool, reports Teslarati. Sisinty posted a "reminder" that Musk was not the founder of Tesla, and he simply acquired the company. It did not take long before the Tesla CEO decided to correct the narrative and provide some new insights on Tesla's early days in the process.
Rising oil prices, inflation to hit India's smartphone market in 2022
"Oil prices in India are at an all-time high and wholesale inflation remains elevated, at 14.6 per cent in March. Volatility in foreign exchange rates and higher operational costs due to inflation will, in turn, put further pressure on vendors to maintain profitability," said analyst Sanyam Chaurasia.
Centre mulling policy to promote manufacturing of patented drugs
Addressing a media conference ahead of 7th edition of India Pharmaceutical and Medical Devices Conference 2022, scheduled from April 25 to 27, along with Minister of State for Chemicals and Fertilisers Bhagwanth Khuba, he said that to make India self-reliant in the manufacturing of key materials and products and to reduce dependence on other countries, they identified several APIs and started their manufacturing in the country itself.
Markets close on a negative note
The BSE's 30-scrip Sensex closed at 57,197.15 points, down by 714.53 points or 1.23 per cent. It opened at 57,531.95 points and touched a high of 57,689.86 points and a low of 57,134.72 points. The stocks that gained were Mahindra and Mahindra, Maruti, ITC, Asian Paints, HCL Technologies, and Bharti Airtel.
Adani acquires India's largest marine services company Ocean Sparkle
Key activities carried by the company include towage, pilotage, and dredging. With an asset base of 94 owned vessels and 13 third-party owned vessels, OSL is a market leader. OSL is valued at an enterprise value of Rs 1,700 crore with Rs 300 crore of free cash in the company. The company was established in 1995 by a group of marine technocrats with P. Jairaj Kumar as the Chairman and MD, who will continue as the Chairman of the OSL board.
Nicolas Cage tried to build $80 mn film studio, but 'Elon Musk came in'
According to 'Variety', Cage said Tesla CEO Elon Musk came to town and Las Vegas opted to put the money into the Tesla corporation instead of his desired movie studio. Cage lives in Las Vegas, and the city has been the backdrop for some of his films like 'Leaving Las Vegas' and 'Honeymoon in Vegas'. Cage won an Oscar for best actor for his performance in 'Leaving Las Vegas'. "Vegas has been good to me, it really has," Cage said.
Meta COO Sandberg 'threatened' UK outlet from publishing story on her ex-boyfriend
According to a report from The Wall Street Journal, Sandberg put pressure on the Daily Mail not to publish stories about a restraining order filed against Kotick by his former girlfriend. "In 2016 and 2019, Sandberg contacted the digital edition of the Daily Mail (MailOnline), which was reporting on a story that would have revealed the existence of a temporary restraining order against Kotick that had been obtained by a former girlfriend in 2014," the report said late on Thursday.
Modify ads resembling Britannia's Good Day biscuits, Delhi HC to Parle
A bench of Justice Prathiba M Singh directed Parle to ensure modification in their advertisements by blurring the image of the cookies within two weeks. "It is directed that the defendants shall ensure that within two weeks from now, the impugned Advertisement No.2 and Advertisement No.3 shall be modified with the blurred image of the cookie and the currently used cookie image would be no longer visible in the said advertisements on any online platforms from May 1, 2022, onward," the order passed on April 19 read.
'Italy to be almost independent of Russian gas by 2023'
That would be a rapid change for Italy, which imported more than 40 per cent of its gas supply from Russia before the Ukraine crisis. Along with other European Union countries, Italy issued widespread sanctions against Russia for its military operation in Ukraine. But the sanctions does not include gas imports, Xinhua news agency reported.
Global chip shortage set to ease despite China lockdowns
The second half of 2022 will see downward shipment revisions, largely due to increasing inventory in the channel and a slowdown in consumer PC momentum, according to Counterpoint Research. "Coupled with wafer production expansion and continuous supplier diversification, we have witnessed significant improvement in the component supply situation, at least in the first quarter," said research analyst William Li.
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