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Is Tesla Elon Musk’s ‘Private Company Masquerading As A Public Company?’ — Board Under Pressure As Dissenting Voices Call For Overhaul
Tesla Inc. (NASDAQ:TSLA) shares have come under significant selling pressure since peaking at $414.50 in November 2021. After ending 2022 as the worst-performing mega-cap stock, it has come under further selling in the new year. What Happened: Amid the development, calls for a revamp of the company’s board of directors are growing louder. Leo KoGuan, who claims … Read more
Nancy Pelosi’s Portfolio Plunged 20% in 2022 Stock Market Crash
Nancy Pelosi’s portfolio slumped 20% last year, according to an Unusual Whales report published last week. That means the former ‘Queen of Stonks’ lagged the S&P 500 in 2022. But many other politicians – including Georgia Rep. Marjorie Taylor Greene – beat the benchmark index. Nancy Pelosi’s run as the “Queen of Stonks” appears to have … Read more
National Highway stretches to be opened only after safety audits
Newly-constructed national highway stretches should be opened only after road safety audits have been conducted and the road transport ministry will frame a policy for implementation of smooth transition in lane configuration with adequate signage and warnings to reduce accidents. These are some of the directions issued to the road transport ministry for compliance at … Read more
Jack Ma to cede control of Ant Group following China’s tech crackdown
Jack Ma is giving up controlling rights of Ant Group Co., as the billionaire further retreats from his online empire following the country’s unprecedented tech crackdown. The company will give 10 individuals, including the founder, management and staff, voting rights independently, effectively removing Ma’s voting control of Ant, according to an announcement on Saturday. The … Read more
At least 38 JNU, IIT-Delhi professors duped of crores by colleague in real estate fraud
Several professors of JNU and other institutions have accused a former JNU employee of duping them of crores of rupees promising them homes on a DDA plot under a housing development scheme which was never there. After waiting for over seven years, when these academics did not get anything except hollow promises, their patience ran … Read more
Chinese Stocks, Investing Strategy for the End of Zero COVID: UBS GWM
After protests, China’s government is ending the zero-COVID regime that lasted two years. That should strengthen its economy — but it’s causing an increase in COVID cases first. Mark Haefele of UBS tells investors how to approach Chinese assets as circumstances evolve. In 2022, experts said that the global economy would get a boost after … Read more
BK Modi Group plans to invest $1 bn in 5 years in realty, wellness
BK Modi Group plans to invest about USD 1 billion over the next five years in Indian real estate and wellness space as it sees huge growth potential in these two sectors. In an interview with PTI, group founder B K Modi asserted that there is a tremendous scope of bringing new technologies in the … Read more
One more Co-founder resigns at Zomato
Trend of Co-founders and Key Employee resignations continue at Zomato. Mr. Gunjan Patidar, Co-founder and Chief Technology Officer (CTO) at the Company has now tendered his resignation. Gunjan was one of the initial employees of the Company. He had joined in 2008 and built the core tech system of Zomato. Despite being the CTO, he … Read more