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Elon Musk seals the deal with Twitter, here’s what Twitter co-founder Jack Dorsey has to say

With billionaire Elon Musk and Twitter’s board sealing the deal to take the social media platform private, Twitter-co founder Jack Dorsey can’t be happier. Dorsey, who was once the CEO of the company himself, said taking Twitter back from Wall Street is the “correct first step”. And “Elon is the singular solution I trust,” Dorsey …

Rakesh Jhunjhunwala-backed Akasa Air taxing to the runway, likely to take-off in July

The commercial flight operations of Rakesh Jhunjhunwala-backed Akasa Air will be launched in July instead of June. “As we get closer to the airline launch date, we can now confirm refined estimates on our timelines. We expect our first aircraft delivery by early June 2022, with the intention to start commercial operations in July 2022,” …

Five-fold increase in patent grant annually since 2014: Commerce ministry

There is a five-fold increase in the grant of patent annually, and a four-fold rise in trademark registration every year since 2014, the Ministry of Commerce and Industry said on Monday. To modernise the Intellectual Property (IP) office and reduce legal compliances, along with facilitating filing of IP applications, the government has adopted several administrative …

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Prolonged China lockdown could impact domestic automobile companies’ operations

The operations of domestic automobile manufacturers may get further impacted if the lockdown in several cities of China, including Shanghai, to check Covid-19 infections gets prolonged. The global semiconductor shortage has already forced original equipment manufacturers (OEMs) to take production cuts. The supply chain disruptions due to multiple Covid-19 waves and the recent Russia-Ukraine war …

After lenders reject proposal, Reliance calls off deal with Future

Reliance Industries (RIL) on Saturday expressed its inability to complete the transaction related to taking over of the retail, wholesale, logistics and warehousing businesses of Future Retail Limited (FRL) after the proposal was rejected by a majority of its lenders. “As per these results, the shareholders and unsecured creditors of Future Retail have voted in …

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