Read More Here.Īdani Power to acquire DB Power for ₹7,017 croreĪdani Power Ltd has agreed to acquire DB Power in a cash transaction at an enterprise value of ₹7,017 crore as India’s largest private thermal power producer seeks to expand its capacity. Adopting a “big bang" approach to privatisation of PSBs would do more harm than good, said the article published by the RBI on Thursday, instead batting for a more gradual withdrawal of state control. The Reserve Bank of India (RBI) on Friday clarified on a recent bulletin article on privatisation of public sector banks. RBI clarifies on recent bulletin article on privatisation of public sector banks The majority of the Reserve Bank of India’s monetary policy committee members were in favour of front-loading rate increases to bring inflation within the 2-6% target range and reduce the need for aggressive rate hikes in future, minutes of its August policy meeting released on Friday showed. MPC backs front-loading rate hikes to bring down inflation Moreover, as per the provisional data released by the Indian Bureau of Mines (IBM), the cumulative growth in mineral production has increased by 9% in the first quarter of this fiscal year. Mineral production in India showed a growth of 7.5% in June this year, according to latest data of index of mineral production of mining and quarrying sector for June, 2022. India's mineral production up by 7.5% in June
Six people are killed and thirteen are feared dead in multiple incidents. Incidents of flashfloods and landslides were reported from areas of Himachal Pradesh after heavy rains on Saturday. The former Nasscom chairperson expressed his views on Twitter regarding the growing trend of moonlighting- a concept of a second job, typically secretly, in addition to regular employment. Wipro chairman Rishad Premji has called moonlighting practice in the tech industry 'cheating'. Wipro's Rishad Premji calls moonlighting by employees 'cheating' TCS is not alone who has delayed their employees' variable payment. Tech giant Tata Consultancy Services (TCS) has likely delayed variable compensation payments to select employees by about a month for the June 2022 quarter. Read moreĪfter Wipro, TCS delays variable pay for select employees Investors keeping an eye on the stock market for approaching stock splits should be aware that the four stocks Rama Steel Tubes Ltd, PDS Ltd, Alfavision Overseas (India) Limited, and Kritika Wires Ltd will all have stock splits in the coming and remaining days of August. Upcoming stock splits to watch in August: Do you hold any? The social media company, which is fighting a legal to complete a $44 billion sale to Elon Musk, made the announcement in an email to employees and blamed its financial performance for the potential bonus reduction. As a result, Twitter shares experienced a fall and the company hired a US law firm to take legal action against Musk, launching a lawsuit against him in the Chancery Court of Delaware on July 12.Amid the economic uncertainty, microblogging site Twitter Inc has warned its employees that they might receive only half of their typical annual bonuses. On July 8, 2022, Musk terminated the deal. On April 25, 2022, the Twitter board of directors agreed to a $44 billion buyout by Elon Musk, the CEO of SpaceX and Tesla, potentially making it one of the biggest deals to turn a company private. By the start of 2019, Twitter had more than 330 million monthly active users. The company went public in November 2013. By 2012, more than 100 million users posted 340 million tweets a day, and the service handled an average of 1.6 billion search queries per day.
Twitter was created by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams in March 2006 and launched in July of that year. It previously operated the Vine short video app and Periscope livestreaming service. The company operates the microblogging and social networking service Twitter. is an American communications company based in San Francisco, California.
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