Elon Musk says his $44 bln Twitter deal on hold pending spam, fake accounts details

Financial Express Newsletter

13 MAY 2022 View in Browser

DAILY NEWSLETTER

Elon Musk says his $44 bln Twitter deal on hold pending spam, fake accounts details   "Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users," Musk said in a tweet.     LIC IPO listing day strategy: D-St debut on May 17, grey market premium negative; should you buy, sell, hold?   Life Insurance Corporation of India (LIC) finalised IPO share allotment on Thursday, 12 May     This Rakesh Jhunjhunwala stock is down 10% so far in 2022; brokerages say buy, shares may rally up to 70%   Rakesh Jhunjhunwala portfolio stock NCC has fallen 10% so far in 2022. However, brokerages remain bullish and see up to 70% potential rally going forward, given that the company secured Rs 4,300 crore worth of orders in Q4FY22, taking the OB to Rs 39,300 crore.     Axis Mutual Fund saga: What the recent MF controversy is and what can be done to safeguard investors   With great power comes great responsibility; and while wielding power is easy, fulfilling responsibilities is often overlooked. This is what played out in the recent Axis Mutual Fund.     Markets end the week in red amid volatility, Nifty resistance at 15900; stock specific action to continue   Bears maintained dominance on Dalal Street on Friday as investors booked profit in banks and metal stocks in a highly volatile session. After fluctuating between green and red, the markets ended lower for the sixth straight day. Markets are likely to remain volatile in coming sessions, stock-specific action will continue.     First consignment of Vande Bharat wheels airlifted to India from Romania; trial run to be conducted in August   Finance Minister Nirmala Sitharaman announced in her Budget speech that in the next three years, 400 Vande Bharat trains will be manufactured.     Modi Government aims to construct 18,000 km of National Highways in 2022-23: Gadkari   The Union Minister for Road Transport and Highways said that the overall target of his ministry is to develop two lakh kilometres of the National Highway Network by the year 2025.     India's first Amrit Sarovar opened to public in Uttar Pradesh   Naqvi said this Amrit Sarovar would not only help protect the environment and conserve water, it would also attract people from nearby areas.     India can make 5 billion doses of Covid-19 vaccines: PM Modi   The PM said India had supplied 200 million doses of the vaccine to 98 countries, bilaterally and through COVAX.     Toyota Fortuner GR Sport launched in India at Rs 48.43 lakh: Here's what's new   The 2022 Toyota Fortuner GR Sport has been launched in India at Rs 48.43 lakh, ex-showroom. This is now the flagship variant in the Fortuner's line-up and gets several sportier updates inside and out.

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