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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. The Tweet resulted in a spike in the Tesla share price, which the SEC called misleading.Amid the economic uncertainty, microblogging site Twitter Inc has warned its employees that they might receive only half of their typical annual bonuses. In 2018, Musk tweeted that he had funding to privatize Tesla without providing any evidence. With over 80 million followers on the platform, he frequently uses Twitter in provocative ways that generate headlines and controversy. Musk is considered the richest man in the world. What is Musk's relationship with Twitter?

The South African's purchase of 73.5 million shares was worth almost $2.9 billion based on Twitter's stock price at the close of business last Friday. In the past, Musk has said he contemplated launching a Twitter rival. He became the largest Twitter shareholder after questioning the social media platform's commitment to free speech. Monday's regulatory filing suggests he is seeking to become a long-term investor in the company. The shares are held by the Elon Musk Revocable Trust, of which Musk is the sole trustee. Musk's acquisition of a major stake in Twitter was disclosed in a filing with the US Securities and Exchange Commission (SEC). Twitter stock soared by around 25% in early trading on Wall Street on Monday following the disclosure that Tesla CEO Elon Musk acquired a 9.2% stake in the company.