Tesla CEO Elon Musk faces yet another legal battle, this time with Twitter’s former senior executives, over unpaid severance following his company's acquisition of the social media platform. The executives allege that Musk fired them at the last minute to avoid their agreed-upon severance packages. This lawsuit adds to Musk's mounting legal troubles related to employee compensation, with past lawsuits and ongoing arbitration cases.
London commuters can breathe a sigh of relief as the RMT union has called off its strike, which was set to cause 10 days of travel chaos. However, Tube drivers belonging to the Aslef union are still planning to strike next week. While the RMT claims to have received a improved pay offer, Transport for London and City Hall deny this. The future of the strikes now depends on the decision of Aslef.
The Board of Control for Cricket in India (BCCI) has officially renewed their copyrights until 2024, protecting their exclusive rights to India's biggest sport. While this move may not come as a surprise to many, fans are relieved and hopeful that this means a full and uninterrupted season for 2021-2022. As the world continues to battle the effects of the pandemic, this news gives some assurance that cricket will still be a vital part of India's entertainment industry.
Elon Musk, the CEO of X social media platform and a known supporter of Donald Trump, has reportedly laid off employees from his company just weeks before the US presidential election. This latest round of layoffs, primarily affecting the engineering department, comes after employees were asked to submit a summary of their contributions in order to receive stock grants. With the company still struggling under Musk's ownership, more job cuts are expected in the near future.
As part of their 25th anniversary celebration, Johnnie Walker Refreshing Mixer Non-Alcoholic is launching a new campaign featuring Priyanka Chopra Jonas. Titled "Can't Stand Still", the campaign celebrates the evolving definition of luxury among Indian youth, which now includes individuality, self-expression, and unique experiences. The campaign pays homage to the brand's "Keep Walking" philosophy and showcases Priyanka Chopra Jonas as a true embodiment of this approach – constantly pushing boundaries, discovering new opportunities, and making every moment count.
Jason Ruiyi Chin, also known as Easlo online, stumbled upon a lucrative opportunity after he graduated high school. Using his knowledge of Notion, a note-taking software platform, he created customizable templates and marketed them to his growing Twitter audience. After receiving significant support and tips, he decided to turn his internet persona into a profitable business venture. Within the first month of selling his templates, he made over $3,000, proving that entrepreneurship can start at any age.
In a stroke of luck, a gem trader in Sri Lanka stumbled upon a massive cluster of pale blue sapphires while digging a well in his backyard. Estimated to be worth up to $100 million in the international market, the 2.5 million carat gemstone, named "Serendipity Sapphire", has been cleaned and certified after more than a year of work. This incredible find highlights the country's status as a gem capital and leading exporter of sapphires.
According to its Q2 earnings statement, Dabur India Ltd, a leading FMCG company, reported a decline in consolidated net profit by 17.65% to Rs 417.52 crore due to high food inflation and decrease in urban demand. Its total expenses were down by 1.31%, while standalone revenue from operations showed an 8.17% decrease. Despite the challenging environment, Dabur continued to engage consumers and recorded a consolidated revenue of Rs 3,029 crore in the quarter.
Adani Power Jharkhand Limited has reduced electricity supply to Bangladesh due to unpaid bills, leaving the country with an energy deficit of over 1,600 MW. The reduction in power supply was a result of Bangladesh’s failure to settle outstanding payments, as Adani Power requested in a notice to the Bangladesh Power Development Board. The company has now reverted to the original Power Purchase Agreement pricing, which has caused coal costs to increase, and has warned of claiming capacity payments during any period of supply suspension. In response, Adani Group chairman Gautam Adani has written to Bangladesh’s interim government to resolve the issue.
The passing of fashion icon Rohit Bal at the age of 63 on November 1 has left the industry in shock and mourning. Known for his unique blend of traditional patterns and modern sensibilities, Bal's impact on Indian fashion was immense. A-listers from Bollywood and fashion paid tribute to Bal's legacy and shared cherished memories on social media. From Sonam Kapoor's heartfelt message to Ananya Panday's touching photo with Bal, the fashion world is remembering the designer's elegance and innovation.