Elon Musk loses cool as Saudi Prince Alwaleed bin Talal rejects his Twitter takeover bid

News Network
April 15, 2022

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Tesla and SpaceX CEO Elon Musk on Friday took a jab at Saudi Prince Alwaleed bin Talal, a major Twitter investor who rejected Musk's hostile offer to acquire 100 per cent of the micro-blogging platform for $43 billion.

Questioning Saudi Arabia's own media laws, Musk tweeted: "Just two questions, if I may. How much of Twitter does the Kingdom own, directly & indirectly? What are the Kingdom's views on journalistic freedom of speech?"

Musk reacted after the Saudi Prince rejected the Tesla CEO's cash offer of $54.20 per Twitter share.

"I don't believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of (Twitter) given its growth prospects. Being one of the largest & long-term shareholders of Twitter, @Kingdom_KHC & I reject this offer," the prince tweeted.

Alwaleed, who runs the Kingdom Holding Company and is a nephew of Saudi Arabia's King Salman, said he was one of the oldest and largest shareholders in Twitter, reports Middle East Eye.

In 2015, he and his company owned a 5.2 per cent stake in the social media platform.

Musk on Friday started a new poll, with a tagline that "taking Twitter private at $54.20 should be up to shareholders, not the board.

"Will endeavour to keep as many shareholders in privatised Twitter as allowed by law," he tweeted.

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News Network
June 27,2022

New Delhi, June 27: India's daily Covid-19 cases jumped by 45 per cent on Monday as the nation logged 17,073 new coronavirus infections taking the total tally of Covid-19 cases to 4,34,07,046, while the active cases rose to 94,420, according to the Union Health Ministry data updated on Monday. On Sunday, the nation reported 11,739 cases. 

The death toll climbed to 5,25,020 with 21 new fatalities.

An increase of 1,844 cases has been recorded in the active Covid-19 caseload in a span of 24 hours.

The active cases comprise 0.22 per cent of the total infections. The national Covid-19 recovery rate was 98.57 per cent, the ministry said.

The daily positivity rate was recorded at 5.62 per cent while the weekly positivity rate was recorded at 3.39 per cent, it said.

The number of people who have recuperated from the disease surged to 4,27,87,606, while the case fatality rate was recorded at 1.21 per cent.

According to the ministry, 197.11 crore doses of vaccine have been administered in the country so far under the nationwide Covid-19 inoculation drive.
 

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coastaldigest.com news network
June 18,2022

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Mangaluru, June 18: Ilham Rafeeq of St Aloysius PU College, Mangaluru, has emerged topper in science stream in 2nd PUC examinations the results of which were announced today. Securing 597 marks out of 600, she also stood second in Karnataka state.

Elated over the results, Ilham said “I used to plan my studies and was studying daily. There is no substitute for hard work. Teachers were also very supportive and solved our doubts in the classroom itself.”

“I am not able to digest the fact that I am second topper in the state as I had not expected it as well. I have set my goal on my future studies. I want to take up BSc in clinical psychology. It is my dream to study clinical psychology” she said.

“Since my Class 10 days, I developed a fascination towards the working of the brain. I want to pursue a career in clinical psychology,” said a beaming Ms. Ilham, the younger daughter of Mohammed Rafeeq Davood, a manager in a retail chain outlet, and Moizatul Kubra, a home-maker.

She will be pursuing the course at Yenepoya Deemed to be University, Ms. Ilham said.

“Ilham is good at painting and converting waste into something useful,” her mother said. "We are happy with the result of our daughter and her hard work has paid off," her father added.

Ilham said since she was completely prepared for the 2nd PU examination, she did not face any nerves writing a public examination after a gap of nearly two years. “I had good support from our teachers. I did well in the pre-boards examination too,” she said. Ms. Ilham did her Class 10 at the Yenepoya School.

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coastaldigest.com news network
June 28,2022

Mangaluru, June 28: Once again mild tremors were felt in parts of Kodagu district and Sullia taluk of Dakshina Kannada district today triggering panic among villagers in the region. 

In this month (June 2022), this is the third time tremors being experienced in Kodagu district and second time in Sullia taluk. 

According to reports, residents in Madikeri, Napoklu, Kukkunda, Kadu, Ballamavati, Dabbadka, Peraje, Karike, Bhagamandala areas of Kodagu felt shaking around 7:45 am on Tuesday. Many residents confirmed that they witnessed shaking of vessels and other things in their houses. 

Many households in Sullia, Sampaje, Goonadka and Guthigar areas also experienced tremors. Many villagers in Sullia taluk had felt similar tremors on June 25 and the intensity of the tremor was 2.7 in Richter scale.

Ananya Vasudev of Kodagu district disaster management authority said that tremor was experienced for five seconds. The issue has been brought to the notice of the KSNDMC.

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