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Business

Elon Musk says he's found a new CEO for Twitter, a woman who will start in 6 weeks

Elon Musk said Thursday he has found a new CEO for Twitter, or X Corp. As it's now called. He did not name the person but she will be starting in about six weeks. Musk, who bought Twitter last fall and has been running it since, has been insisting he is not the company's permanent CEO. The Tesla billionaire said in a tweet Thursday that his role will transition to being Twitter's executive chairman and chief technology officer.

 


Adani Ports and Special Economic Zone sells Myanmar Port for USD 30 million

Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday said it has concluded the Myanmar Port sale for a total consideration of USD 30 million. In May 2022, APSEZ had announced signing of a Share Purchase Agreement (SPA) for the sale of its Myanmar Port. The SPA had certain Condition Precedents (CPs), including completion of the project and relevant approvals for smooth conduct of business by the buyer.


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ED raids Manappuram Finance premises in Kerala on money laundering charges

The Enforcement Directorate on Wednesday conducted searches at multiple premises linked to non-banking finance company Manappuram Finance in Kerala as part of a money laundering investigation against it, official sources said.

 

ED conducts searches against BYJU's CEO Raveendran, says he never appeared for questioning

The Enforcement Directorate on Saturday said it has searched the Bengaluru-located office and residential premises of Edtech major BYJU's CEO Raveendran Bjyu and seized "incriminating" documents and digital data as part of a foreign exchange violation probe.

 

SBI loan fraud: SC permits bank to respond to reply of private firm chairperson accused of fraud

The Supreme Court has permitted SBI to file a rejoinder to the reply of Suman Vijay Gupta, a citizen of the Dominican Republic and chairperson of a Mumbai-based private company, who was stopped from travelling to the UAE because of a case in which she is accused of defrauding the bank of Rs 3,300 crore.

 

Israel's former envoy to India Ron Malka appointed chairman of Adani Group's Haifa port

Ron Malka, former envoy of Israel to India, has said that he has assumed charge as the Executive Chairman of the Haifa Port Company (HPC) owned by a consortium led by the ports-to-energy conglomerate Adani Group.

 

Oil prices soar on producer output cuts; Asian shares mixed

Oil prices soared more than 5% after Saudi Arabia and other major oil producers said they will cut production by 1.15 million barrels per day from May until the end of the year. Shares in Asia were mixed on Monday and the dollar rose against the Japanese yen.

 

India unveils 'dynamic' foreign trade policy, eyes USD 2 trillion exports by 2030

Union Minister of Commerce and Industry Piyush Goyal unveiled the Foreign Trade Policy for 2023 in the national capital on Friday.

Adani acquires 49 pc in Quintillion Business Media for Rs 48 crore

New Delhi: Billionaire Gautam Adani's AMG Media Networks has acquired about a 49 per cent stake in Raghav Bahl-curated digital business news platform Quintillion Business Media Pvt Ltd for about Rs 48 crore.

 

Maruti Suzuki to hike prices of model range from April

Maruti Suzuki India on Thursday said it will increase prices of its model range in April to partially offset the impact of "overall inflation and regulatory requirements".

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