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Unified Pension Scheme to Launch on April 1, Benefiting 23 Lakh Employees
This pension will be equivalent to 50% of the average basic pay of the last 12 months preceding retirement, providing greater financial security after retirement.
Government Greenlights Unified Pension Scheme, Benefiting 23 Lakh Employees Nationwide
The financial burden for arrears under this scheme has been outlined by the government as Rs 800 crore, with an anticipated annual cost increase of about Rs 6,250 crore in the first year. The scheme is likely to be implemented from April 1, 2025, and Central government employees will have the option to opt either for NPS or UPS. Existing subscribers of the Centre's NPS, too, will be provided with an option to shift to the UPS.
Twitter founder Jack Dorsey Steps Down from Bluesky Board, Company Confirms
The company announced that Bluesky is looking for a new board member to fill the seat that Dorsey had resigned from. The company thanked Dorsey for providing not only finance but also spearheading the project.
Elon Musk sues 4 unknown people for scraping Twitter data
According to the complaint, the four entities, which are identified only by their IP addresses, unlawfully scraped Twitter user data in violation of the platform’s terms of service. “X Corp identified particular IP addresses -- including those belonging to defendants -- that were flooding Twitter’s sign-up page with automated requests,” said the lawsuit filed in Dallas, Texas.
Twitter resumes paying Google Cloud pending bills under new CEO
According to the Wall Street Journal, she intervened to mend Google relationship and the micro-blogging platform is now paying for Google Cloud services. "Twitter Chief Executive Linda Yaccarino intervened to help repair the relationship between the social-media company and Alphabet's Google, after a payment issue," the report said, citing a person familiar with the matter.
Linda Yaccarino takes over as Twitter CEO while ad sales plunges 59%
Yaccarino, former Chairman of Global Advertising and Partnerships at NBC Universal, updated her bio as Twitter CEO on LinkedIn, before welcoming Joe Benarroch at the micro-blogging platform, who worked with her as executive vice president at NBC Universal. "Welcome to the flock, Benarroch, from one bird to the next. Let's get to work @Twitter," she posted.
Twitter's worth down to just $15 bn under Musk: Report
Twitter has struggled financially since Musk took over. The financial services giant Fidelity estimated in its monthly report of portfolio valuations that Twitter is now worth just one-third worth of what Musk paid for the micro-blogging platform, reports Bloomberg.
Top Tesla team 'arriving' in India to explore entry as Elon Musk focuses on EV biz
According to a Bloomberg report, citing sources, the Tesla executives are expected to meet officials from Prime Minister Narendra Modi's office. "The discussions will revolve around the possibility of local sourcing of components for Tesla's car models," the report noted.
Musk loses appeal, must consult lawyers to post certain Tesla-related tweets
The 2nd US Circuit Court of Appeals in Manhattan rejected Musk's argument that the consent decree reached in 2018 is a "prior restraint" on his speech. "Each tweet plausibly violated the terms of the consent decree," the Court of Appeals for the Second Circuit in New York City wrote in its ruling, reports The Verge.
Elon Musk confirms Linda Yaccarino as new Twitter CEO
"I am excited to welcome Linda Yaccarino as the new CEO of Twitter! She will focus primarily on business operations, while I focus on product design and new technology," Musk posted in a fresh tweet. "Looking forward to working with Linda to transform this platform into X, the everything app," he added.
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