Elon Musk offloads Tesla shares worth $4 billion; says no more Tesla stock sale planned after today

Financial Express Newsletter

29 APRIL 2022 View in Browser

DAILY NEWSLETTER

Elon Musk offloads Tesla shares worth $4 billion; says no more Tesla stock sale planned after today   Tesla CEO Elon Musk carried out the sale through his trust and sold the shares on Tuesday and Wednesday this week, the filings show. Musk sold a total of 4.4 million shares.     Campus Activewear IPO share allotment: Check status online, grey market premium strong; listing on May 9   Campus Activewear IPO, which got 51.75 times subscription, is likely to finalise share allotment on 4 May, Wednesday.     Sensex falls 460 pts as bears make a comeback on D-Street, Nifty slips below 17200, support at 16950   Indian Benchmark indices erased intraday gains and turned volatile in late noon trade as losses in public sector banks, IT, and energy stocks weighed. While the S&P BSE Sensex closed at 57,061, down 460 points or 0.8%, broader NSE Nifty 50 shut shop at 17,102.5, down 142.5 points or 0.83%.     Ukraine war impacts Indian Railways Vande Bharat train component delivery; Check details   Some components of the Vande Bharat Express train are manufactured in Ukraine but the delivery schedule has been impacted due to the ongoing conflict between Ukraine and Russia.     India faces 'daunting challenge' of creating broad-based jobs; women participation needs to improve: Deloitte   "In India, fewer women participate in labour markets than their male counterparts, thereby impeding the nation's ability to ensure equitable growth and development," Rumki Majumdar, economist at Deloitte said.     Sales of Rs 10 cr plus luxury homes in Mumbai record more than two-fold YoY increase in 2021   The top luxury micro-markets in Mumbai are Worli, Lower Parel, Bandra, Tardeo, Prabhadevi and Andheri, with Worli alone contributing to about 20% of overall Mumbai luxury market.     Gold's biggest quarterly gain in 2-yrs in Q1; next week outlook bullish, Akshaya Tritiya to fuel retail demand   MCX gold outlook is bullish for next week as India may experience a pick-up in retail demand ahead of Akshaya Tritiya     AAI conducts flight trials using GAGAN based LPV approach Procedure at Rajasthan's Kishangarh Airport; details   The service, according to the Ministry of Civil Aviation, relies on the availability of GPS and GAGAN Geo Stationary Satellites (GSAT-8, GSAT-10, GSAT-15), launched by the Indian Space Research Organisation.     Merck & Co Raises 2022 Forecast as COVID-19 Pill, Cancer Drug Fuels Profit Beat   The company also revealed that its Gardasil brought in $1.46 billion in the quarter, around $200 million more than Wall Street estimates, thanks to strong demand, especially from China. Gardasil is a vaccine that prevents cancers linked to human papillomavirus.     EXCLUSIVE! 2022 KTM RC 390 price leaked: This is how much it will cost in India   Ahead of the launch of the 2022 KTM RC 390, the price for the bike has been listed on the official KTM India website.

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