In line with the recent speculations, Board of Adani Enterprises (AE) has approved raising of further equity from public (FPO) aggregating up to Rs 20,000 crore. Proposal is subject to the existing shareholders’ approval which should not be a challenge given it’s shareholding structure – at September 2022 end, promoters held 72.62%, FIIs 19.12%, DIIs … Read more
Even though Elon Musk has been at the receiving end of criticism with the abrupt layoffs, mass resignations at Twitter and the blue tick row, an Indian businessman has come to the defence of the billionaire. RPG Enterprises chairman Harsh Goenka believes that Elon Musk is ahead of his time and people ought to give … Read more
Speaking at the Hindustan Times Leadership Summit 2022, Chief Justice of India Dhananjaya Y Chandrachud on Saturday said that social media has posed as one of the biggest challenges. “Very often it’s not very easy to distinguish between what lies in the realm of policy and what lies in the realm of legality,” CJI Chandrachud … Read more
Prior to the statement, Musk blamed pressure from activist groups for the pause on ad spending. Before the takeover, Musk promised investors Twitter wouldn’t become a “free-for-all hellscape” in a letter. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app The … Read more
Twitter will revise its user verification process, Elon Musk said in a tweet on Sunday, just days after he took over one of the world’s most influential social media platforms. “Whole verification process is being revamped right now”, Musk said in his tweet without giving more details. Twitter is considering charging for the coveted blue … Read more
Elon Musk completed his $44 billion acquisition of Twitter Inc late on Thursday and his first move was to fire the social media company’s top leadership which he accused of misleading him over the number of spam accounts on the platform. Musk terminated Twitter Chief Executive Parag Agrawal, Chief Financial Officer Ned Segal and legal … Read more
The banks providing $13 billion in financing for Tesla CEO Elon Musk’s acquisition of Twitter have abandoned plans to sell the debt to investors because of uncertainty around the social media company’s fortunes and losses, people familiar with the matter said. The banks are not planning to syndicate the debt as is typical with … Read more
On Aug 24, 2022, AMG Media Networks Limited (AMG), a wholly owned subsidiary of Adani Enterprises, bought 100% of the equity stake in Vishvapradhan Commercial Private Limited (VCPL) for Rs 113.74 crore. It is through this company (VCPL) that Adani Enterprises is acquiring indirect stake in NDTV. VCPL held warrants of Radhika Roy Prannoy Roy … Read more