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☆ We expect the Indian rupee to 'top out' in the short term, says Barclays
▼ + stars: | 2023-05-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe expect the Indian rupee to 'top out' in the short term, says BarclaysAshish Agrawal of the bank says the Reserve Bank of India has turned from buying to selling dollars.

☆ Elon Musk says he's found a new Twitter CEO: 'She will be starting in ~6 weeks!'
▼ + stars: | 2023-05-11 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Elon Musk said on Thursday that he'd found a new CEO for Twitter. Elon Musk said on Thursday that he'd found a new CEO for Twitter. Musk became Twitter CEO, describing himself as "Chief Twit," last year after he bought the company and fired CEO Parag Agrawal within hours of taking the social-media company private. Since Musk took over as Twitter CEO in November, some Tesla shareholders have expressed concern over his focus on the social-media company as Musk has taken to sleeping at its headquarters. Musk has said from the beginning that he had planned for his stint as Twitter's CEO to be temporary.

☆ Bernstein predicts crypto will emerge as an alternative financial system amid bank busts, and says to buy bitcoin
▼ + stars: | 2023-04-27 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Bitcoin was originally designed, after the 2008 financial crisis, as digital cash that doesn't rely on banks. "To rescue the ship, the Fed will have to resort to dollar debasement and monetary printing again, bringing back the role of Bitcoin as digital gold." The shift back to the digital gold narrative has started, since the recent deposit runs and bank failures on regulated U.S. banks, triggered by high interest rates. A couple weeks later its gold correlation surpassed its Nasdaq correlation. "The safe haven signal will lead to a new crypto cycle, pushing digital wallets as on-chain savings accounts," the analysts said.

☆ Twitter's former top execs, fired by Elon Musk on his first day in charge, are suing the company for $1 million in unpaid bills
▼ + stars: | 2023-04-11 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Twitter's former CEO, CFO, and chief legal officer are suing Twitter for over $1 million. They claim they had agreements with the company that it would reimburse any legal fees they incurred. The company took two months to acknowledge their demands and still won't pay, the suit alleges. The suit claims the two ex-execs racked up legal fees to deal with these cases and comply with various demands. The trio's action against Twitter follows several others alleging that the company has failed to pay bills since Musk took over the company last October.

☆ Former Twitter executives sue company to recover over $1 million in legal fees
▼ + stars: | 2023-04-11 | by ( Brian Fung | ) edition.cnn.com time to read: +2 min

The complaint also describes legal fees linked to probes by the Securities and Exchange Commission and the Justice Department, though without disclosing many specifics of the investigations. Agrawal continued to field requests through the fall and after he stepped down from Twitter, according to the complaint. And late last year, it said, the Justice Department contacted Agrawal and Segal’s attorneys about multiple investigations into Twitter. Letters to Twitter seeking reimbursement for the legal expenses were ignored for months, according to the complaint. As of Monday, the executives still have not recovered the fees, the complaint said.

☆ Bernstein says if you like gold, you should like bitcoin even more
▼ + stars: | 2023-04-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

It's "irrational" to like gold and dislike bitcoin at this point in the macro cycle, according to Bernstein. At the same time, the flagship cryptocurrency's correlation with gold has been climbing, while its correlation with stocks has declined, Bernstein found. "If you like gold here, you should like bitcoin even more … Gold and bitcoin correlation increases during the periods of crisis. And when there is a massive monetary debasement event, while both bitcoin and gold rally, bitcoin outperforms gold." "Liking gold, but not liking bitcoin, is like hating on a faster horse," they said.

☆ Elon Musk's Twitter is now recommending Kremlin-linked accounts to users after restricting them last year, tests suggest
▼ + stars: | 2023-04-09 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Twitter appears to be amplifying tweets of Russian state accounts after suppressing them last year. The Telegraph created a new account and was recommended the Kremlin-linked accounts, it reported. Elon Musk has been lifting most restrictions on accounts labelled harmful under previous management. Twitter had more broadly limited the reach of state-affiliated media since 2020, by not recommending them to users and labelling them as state-affiliated. The world's second-richest man reinstated Donald Trump's Twitter account in November to this end, although the former president has still not posted any new tweets.

☆ Robots are getting good at dribbling soccer balls, new video from MIT shows
▼ + stars: | 2023-04-03 | by ( Grace Mayer | ) www.businessinsider.com time to read: +3 min

Researchers from MIT designed "DribbleBot," a robot that dribbles a soccer ball just like humans. Researchers from MIT's Improbable Artificial Intelligence Laboratory designed the robotic system, which can dribble a soccer ball across a range of surfaces. We need the machines to go over terrains that aren't flat, and wheeled robots can't traverse those landscapes." Four-legged robots designed by other companies, including Boston Dynamics, Ghost Robotics, and Anybotics, are also putting their robot-iterations to work, such as performing equipment inspection checks at companies. But advancements like MIT's show there's still progress being made toward the dream of competitive soccer robots.

☆ How crypto prices may react to the latest Fed decision
▼ + stars: | 2023-03-22 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

The Fed is due to conclude its two-day meeting and unveil its latest policy decision at 2 p.m. Still, inflation and Fed rate hikes remain the biggest catalysts for bitcoin. Here are three scenarios Chhugani and Agrawal are watching, and what investors how investors could expect to see prices react. "Crypto markets may rally on the immediate risk-on impulse, and it may vindicate some who have been saying the Fed reversed course, after breaking the banks," they said. "But any near term crypto rally would find it hard to sustain growth if crypto simply pivots to a risk on trade."

☆ The Boring Company CEO who slept at Twitter's headquarters with his newborn baby is rumored to be Twitter's next CEO, report says
▼ + stars: | 2023-02-28 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Twitter employees are speculating that The Boring Company CEO Steve Davis could replace Elon Musk as CEO, Platformer reported. The publication said that Davis helped orchestrate a round of layoffs at the social media company that impacted about 200 people this week. The Boring Company CEO spent the first few weeks after his baby was born sleeping in a makeshift bedroom in the office, along with his newborn and partner, according to the report. Before he became CEO of The Boring Company, Davis worked with Musk at SpaceX. Tesla's stock has fallen over 37% since he announced his plans to buy the social media company on April 14.

☆ Elon Musk says the end of 2023 is a 'good timing' to find a new CEO for Twitter because the company will be 'stable' by then
▼ + stars: | 2023-02-15 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +2 min

Elon Musk says he plans to have someone take over his job as Twitter CEO near the end of 2023. He said end-2023 would be "good timing" to hand over the reins because Twitter should be "stable" then. "I don't know, I'm guessing probably towards the end of this year should be a good timing to find someone else to run the company," Musk added. Musk then started a Twitter poll on December 18, asking users whether he should "step down as head of Twitter." The results of the poll didn't swing in his favor — some 57.5% of the poll's more than 17.5 million respondents voted for Musk to step down as Twitter CEO.

☆ Twitter owner Elon Musk says CEOs and politicians should take a leaf out of his book and be more authentic on social media
▼ + stars: | 2023-02-15 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Elon Musk says other CEOs and leaders should run their own social media accounts. Musk is famed for his frequently wacky tweets and has sometimes gotten into trouble over his posts. Musk said criticism is "really not that bad" and encouraged others to be authentic on social media. Speaking at the World Government Summit in Dubai on Wednesday, the billionaire said he encourages CEOs, legislators, ministers, and other leaders to "speak authentically" on social media. Musk, who has often run into trouble over his tweets, said getting criticism is "really not that bad."

☆ A former Twitter engineer says it took 20 interviews to find a new job after getting laid off by Elon Musk
▼ + stars: | 2023-02-11 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

A Twitter engineer said it took 20 interviews to find a new job after getting laid off. Andrew Glose, a senior Android engineer, was one victim of Elon Musk's mass layoffs in November. Glose has found a new job at fitness company Peloton, where he is also a senior Android engineer. "I'm very excited about learning new areas of my field and channeling my passion for fitness into my job," Glose concluded. On Thursday, Musk reportedly fired an engineer who told him he was becoming less popular on Twitter.

☆ Twitter hit back at a private jet company suing it over an $197,000 unpaid bill, saying it was overcharged for 2 flights that weren't properly authorized
▼ + stars: | 2023-02-01 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Private Jet Services filed a lawsuit against Twitter over an unpaid bill of nearly $200,000 last December. On Tuesday, Twitter said that the jet company overcharged it and the flights were unauthorized. It also frequently referred in the documents to being billed $194,000 by Private Jet Services, but did not explain the discrepancy in figures. Twitter says that it believes the jet company breached this agreement over "designated representatives," and as such the lawsuit should be dismissed. Private Jet Services and Twitter did not immediately respond to requests for comment from Insider.

☆ India proposes cuts in personal income tax rates under new taxation regime
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +1 min

[1/2] Chests of drawers are pictured at the Income Tax office in New Delhi April 5, 2013. REUTERS/Mansi Thapliyal/FilesNEW DELHI, Feb 1 (Reuters) - India will raise the personal income tax rebate limit to 700,000 rupees ($8,565) under the new tax regime from the previous 500,000 rupees, Finance Minister Nirmala Sitharaman said in her budget speech on Wednesday. "This will provide major relief to all tax payers in the new regime," Sitharaman said in her budget speech. "The new tax regime has got a great boost by the budget announcements made by the FM (finance minister)," said Alok Agrawal, partner, Deloitte India. She said an individual with an annual income of 900,000 rupees will be required to pay 45,000 rupees as income tax, while those with an income of 1.5 million rupees would pay 150,000 rupees or 10% of their income.

☆ A Twitter employee joked that they would write 'stay employed' for their Q3 goals after Elon Musk's takeover, report says
▼ + stars: | 2023-01-30 | by ( Kate Duffy | ) www.businessinsider.com time to read: +2 min

A Twitter worker joked about how to stay employed after Elon Musk bought the firm, per a report. Some staff searched for any indication of layoffs on Musk's Twitter feed, the report said. In the wake of Musk's takeover of Twitter in late October, employees were concerned about job cuts at the company, The Verge reported, citing more than 24 current and former Twitter employees. Another employee replied, saying: "Writes, 'stay employed'," the report said. Since Musk took over Twitter, thousands of employees have either resigned or been fired or laid off, Insider's Kali Hays reported.

Asked for comment, an Adani Group spokesperson said in an email that the share sale was going "as per schedule", without elaborating. The Adani Group has called the report baseless and said it was considering taking action against Hindenburg. Friday's 20% fall in shares of group flagship Adani Enterprises dragged it 11% below the minimum offer price of the secondary sale. Adani had set a floor price of 3,112 rupees ($38.22) a share and a cap of 3,276 rupees, but Adani Enterprises closed on Friday 2,761.45 rupees. A fourth source said Adani management is also discussing the share sale internally to decide on next steps.

[1/2] The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, January 27, 2023. Adani Group in a statement said: "There is no change in either the schedule or the issue price." The Adani Group has called the report baseless and said it was considering taking action against Hindenburg. Friday's 20% fall in shares of group flagship Adani Enterprises dragged it 11% below the minimum offer price of the secondary sale. The Hindenburg report questioned how the Adani Group used entities in offshore tax havens such as Mauritius and the Caribbean islands.

The government plans to raise 160 billion rupees through green bonds for the current fiscal ending March 31, with the first tranche of 80 billion rupees scheduled for auction on Wednesday. "The expectation of a green premium is in line with 'greenium' that issuers have got globally," said one of the two sources. "Green bonds should command a premium because of the mandates to invest in these securities. The RBI will auction 40 billion rupees each of five-year and 10-year green bonds. "It will be advisable to appoint an external auditor with an oversight by CAG (Comptroller and Auditor General) for utilisation of green bond proceeds."

☆ Thinx to pay millions to settle class-action lawsuit alleging its period underwear contained potentially harmful chemicals
▼ + stars: | 2023-01-21 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

In a class-action lawsuit announced in November, plaintiffs accused Thinx of failing to tell customers their period underwear contained potentially harmful PFAS. The first report of Thinx underwear potentially containing the chemicals was in January 2020, from Sierra Club magazine columnist Jessian Choy. In her column, Choy said she mailed her Thinx underwear to a nuclear professor who discovered PFAS in the crotch of the item. An editor's note attached to Choy's story Friday suggested the class-action suit as a result of Choy's investigation into the toxicity of her own Thinx underwear. Ten years later, period underwear are still a small part of the menstrual care industry although more companies have come forward to compete with Thinx.

☆ 5 tips for using TikTok as a small business owner without it taking up all of your time
▼ + stars: | 2023-01-18 | by ( Erin Greenawald | ) www.businessinsider.com time to read: +7 min

TikTok can be a great platform for small business owners to market their products or services. This article is part of "Marketing for Small Business," a series exploring the basics of marketing strategy for SBOs to earn new customers and grow their business. "I thought TikTok was all dancing and for Gen Z," Kim, who launched her business in December 2020, told Insider. Be a regular TikTok userKim said using TikTok regularly is a great way to come up with ideas and spot patterns and trends that you can apply to your own content. "You have to know who your audience on each platform is and talk to that audience," Kim said.

☆ A senior union boss says Elon Musk is a 'perfect recruitment tool' for the trade union movement after the billionaire slashed Twitter's workforce
▼ + stars: | 2023-01-05 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Elon Musk is a "perfect recruitment tool," for trade unions, a senior UK union boss told Politico. The number of Twitter staff joining one union has increased "tenfold" since Musk took over, Paul Nowak said. Musk has slashed Twitter's workforce and mandated long hours from remaining staff since his October takeover. "Elon Musk is a perfect recruitment tool for the trade union movement," the recently appointed head of Britain's Trade Union Congress, Paul Nowak, told Politico. If staff didn't sign up to his plan by the end of the day on November 17, they would be laid off.

Indian companies raised around 5.38 trillion rupees ($64.95 billion) through private placements in 2022, largely aided by the banking system's massive cash surplus, data showed. Public issues were only to the tune of around 80 billion rupees. Indian companies raised 127.1 billion rupees and 175.3 billion rupees through public issues in 2020 and 2021 respectively, SEBI data showed. Fundraising through private placement stood at 8 trillion rupees and 6.31 trillion rupees respectively. "I think public issues are rising because the repricing of bank fixed deposits was very gradual, while public issues are realigning to market realities much faster," said Sudhir Agrawal, executive vice president and fixed income fund manager at UTI Mutual Fund.

☆ Fact Check-No evidence to support headline about Agrawal arrest for child porn
▼ + stars: | 2022-12-28 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

Social media users have mistaken as authentic a headline about former Twitter CEO Parag Agrawal, taken from a fictional article that describes itself as satirical. The headline, “Former Twitter CEO Parag Agrawal arrested for child porn,” was shared on social media in a screenshot (here). The headline and photo can be traced to an article published on Dec. 23 by the Vancouver Times website (here). A spokesperson for Vancouver Times also told Reuters via email that the article is satire, and that the Vancouver Times is a satire website. Read more about our work to fact-check social media posts here.

☆ A former exec from Stripe and Uber is 'OK to give up 100x growth' to build a new business that will last
▼ + stars: | 2022-12-28 | by ( Sheila Chiang | ) www.cnbc.com time to read: +6 min

GajiGesa's Vidit Agrawal wanted to provide workers access to their wages as they earn it, between traditional end-of-month pay cycles. I'm OK to give up the 100% growth or 100x growth a year if I can build a revenue-based, sustainable business. Vidit Agrawal Co-founder, GajiGesa"I'm OK to give up the 100% growth or 100x growth a year if I can build a revenue-based, sustainable business," said Agrawal. Vidit Agrawal Co-founder, GajiGesaThey were already cutting costs for the first two operating years despite having $9 million in the bank, he said. Investors include January Capital, Northstar Group, European earned wage access company Wagestream and Next Billion Ventures.

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