Elon Musk plans to become Twitter’s CEO and reverse lifetime bans on users
– Elon Musk intends to replace Parag Agrawal, who was fired along with other major executives upon completion of the takeover, a person familiar with the matter told Bloomberg.
– The billionaire is expected to remain CEO in the interim but may eventually cede the role in the longer term, the person added.
(From Bloomberg)
Upcoming infra projects are economically viable, IRR lucrative: Gadkari
– We (NHAI) have enough funds, we need to increase the pace of construction
– The budget allocated to infra sector is 2 lakh crore and will seek finance from capital market as and when required
– Many upcoming projects in future which are economically viable and IRR lucrative
– Australian investors are keen and excited to invest in India
(Image source: PIB)
Nitin Gadkari says NHAI InvIT listing an historic event for the country
– Looking to raise additional ?3,800 crore
– Of the additional fundraise, about ?1,500 crore is being garnered through an issue of non-convertible debentures (NCDs) with a long-dated maturity of 24 years.
– India was one of the fastest-growing economies in the world and the development of highways in the country would play a crucial role in its growth.
– We are working to reduce our logistics cost to single digit from 13-14% of GDP presently
Need capital from public as well for country’s infra growth: Nitin Gadkari
– Need capital investment not just from the government but also from the investments from the citizens for infrastructure growth
– Want India to grow based on investments and support from citizens/investors
– This is a historical start not just for NHAI but also for the entire nation
NHAI lists its infra investment trust on BSE
– NHAI’s Infrastructure Investment Trust (InvIT) which has been oversubscribed by about five times gets listed on the Bombay Stock Exchange.
– Infrastructure Investment Trusts are instruments on the pattern of mutual funds, designed to pool money from investors and invest in assets that will provide cash flows over a period of time.
– Road Transport and Highways Minister Nitin Gadkari rings the bell at the InvIT Bell Ringing Ceremony at BSE Balcony.
North Korea fires ‘unspecified ballistic missile’: Yonhap news agency
– North Korea has fired an ‘unspecified ballistic missile’ towards the East Sea, also known as the Sea of Japan, South Korea’s military says
– It’s the latest in a blitz of launches by Pyongyang, as Seoul warns Kim Jong Un may be close to conducting another nuclear test
(From AFP)
Russia-Ukraine War | Vladimir Putin jabs at West over Ukraine war, says operation going to plan
– Russian President Vladimir Putin is insisting it is going to plan and playing down any nuclear standoff with the West.
– Putin said the West’s dominance over world affairs was coming to an end.
– Putin accused the West of inciting the war in Ukraine and of playing a “dangerous, bloody and dirty” game that was sowing chaos across the world.
– Putin also said, the West would have to talk to Russia and other major powers about the future of the world.
Meanwhile, Ukraine economy to shrink by almost 32% in 2022: Central Bank
– Ukraine’s economy will shrink by almost 32% this year and annual inflation will accelerate to 30%, largely due to the damage done by Russia’s invasion, the Ukrainian central bank said on Thursday.
– Inflation – currently at almost 25% – should ease to 21% next year and drop to below 10% in 2024, the bank said.
