Elon Musk Joins Twitter Board; The government is ready to launch Lic’s IPO by early May; 95% of IT employers in India want to hire at T1fy23

By Virginia J. Ruiz On Apr 5, 2022

In today’s key developments, Tesla CEO Elon Musk has been named to Twitter’s board of directors, with the term expiring at its 2024 annual meeting of shareholders. the government is ready to launch LIC’s IPO in early May. In addition, more than 16 sectors are showing hiring intentions, with IT, educational services and e-commerce leading the pack. Both Tier 1 and Tier 2 cities show growth in hiring intentions in the first quarter (April-June) of FY23.

TRADE/ECONOMY

Elon Musk named to Twitter board

A day after Elon Musk acquired a 9.2% passive stake in Twitter worth nearly $3 billion, the CEO of microblogging platform Parag Agrawal announced that Musk would join his board of directors. . Read more

Jio-BP and TVS Motor Company Partner to Establish Electric Vehicle Charging Infrastructure Nationwide

Jio-BP and TVS Motor Company teamed up on Tuesday to set up public electric vehicle (EV) charging infrastructure for electric two-wheelers and three-wheelers across the country. Read more

Mukesh Ambani tops Forbes India Billionaires 2022 list, Adani takes 2nd place

In the global list of the world’s billionaires, according to an annual ranking published Tuesday by the business magazine Forbes, Mukesh Ambani is ranked 10th, while Gautam Adani, chairman of the Adani Group, occupies the 11th position with a net worth of 90 billion dollars. . Check the details.

MARLET

The government is ready to launch the IPO of LIC; IPO probably early May

The government is ready to launch LIC’s IPO, sources told CNBC-TV18. The sources said the insurance giant’s initial public offering (IPO) is likely in early May. Read more

IndiaMART shares jump with huge volume; JM Financial retains its “buy” rating

Shares of IndiaMART InterMESH jumped on high volume after JM Financial kept a “buy” rating on the stock with a target price of Rs 5,100. The stock ended the day with a gain of 5.1%. at 5,074.3 rupees each on the BSE, having reached 5,138.7 rupees during the session. Read more

Bank stocks are back in the spotlight thanks to the HDFC twin; what the experts are doing with space now

Banking stocks are back in the spotlight on Dalal Street, boosted by news of a mega-merger between Housing Development Finance Corp (HDFC) and HDFC Bank. Here’s how the experts read the space. Dip deeper

INDIA

Over 54% of employers across 21 sectors in India keen to hire this quarter; IT leads: report

Hiring intent in the current quarter (April-June 2022) appears to be on a strong growth trajectory. The IT sector, with 95% of employers willing to hire, leads the pack, followed closely by educational services with 85% of employers open to hire, according to a recent report. Check details

Gasoline prices up just 5% vs. 50% in developed countries: Hardeep Singh Puri in Lok Sabha

Oil Minister Hardeep Singh Puri told the Lok Sabha on Tuesday that in the aftermath of the Russian-Ukrainian war, oil prices in India had risen by only 5% compared to more than 50% in some developed countries. Read more

Government orders blocking of 18 Indian and four Pakistani news channels based on YouTube

The Ministry of Information and Broadcasting has ordered the blocking of 22 YouTube-based news channels, four of which are from Pakistan, alleging they broadcast false information that could impact national security, foreign relations and public order. Read more

WORLD

Economic crisis in Sri Lanka: Rajapaksa’s grip on power weakens; FM resigns within 24 hours of appointment

Sri Lanka’s ruling coalition, led by President Gotabaya Rajapaksa, faced more problems on Tuesday after the resignation of new Finance Minister Ali Sabry, even as dissenting lawmakers, led by former President Maithripala Sirisena , were planning to leave the government amid nationwide protests over the country’s economic crisis. Read more

Pakistani military says there is no evidence to suggest US involvement in regime change: report

Pakistan’s military has contradicted Prime Minister Imran Khan’s remarks accusing America of plotting to overthrow his government, saying there was no evidence of interference in the country’s internal affairs, according to a media report. Read more

Shanghai lockdown deepens after further rise in asymptomatic cases

China’s main financial hub Shanghai extended restrictions on transport on Tuesday after a day of intensive citywide testing that saw the number of new cases soar to more than 13,000, with no end to the lockdown. is still in sight. Read more

YOU & me

HDFC Bank-HDFC merger: All you need to know about the impact on customers

HDFC, India’s largest mortgage lender, has announced that its board has approved the merger of its wholly owned subsidiaries HDFC Investments Limited and HDFC Holdings Limited with HDFC Bank. Here are the answers to the most common customer questions after the announcement of the mega merger. Check details

How to check if your PAN has been misused to take out unauthorized loans

Several people, including celebrities, have reported misuse of their PAN card to obtain personal loans through fintech apps. Here’s how to check if your PAN card was misused to take out a loan. Check details

This bank makes verification mandatory for high value checks

To protect customers against high value check fraud, Punjab National Bank (PNB) has made Positive Payment System (PPS) mandatory for all checks of Rs 10 lakh and above from April 4. Read more

(Edited by : Priyanka Deshpande)

First post: 05 April 2022, 20:27 STI

Elon Musk Joins Twitter Board; The government is ready to launch Lic’s IPO by early May; 95% of IT employers in India want to hire at T1fy23

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