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Elon Musk puts Twitter deal on hold amid concerns on fake or spam accounts

Musk tweeted that Twitter deals are temporarily on hold pending details supporting the calculation that spam/fake accounts do indeed represent less than 5pc of users.

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Elon Musk

Elon Musk on Friday put his planned $44 billion takeovers of Twitter on hold amid concerns of an increase in the number of fake or spam accounts on the platform.

Musk tweeted that Twitter deals are temporarily on hold pending details supporting the calculation that spam/fake accounts do indeed represent less than 5pc of users.

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Have a look at Elon Musk’s tweet:

Reports said that Twitter had estimated that false or spam accounts represented fewer than 5% of its monetizable daily active users during the first quarter in a filing earlier this month. The Tesla chief also said that he wants to make Twitter a balanced and well-moderated platform. The development comes days after Musk had said that one of his priorities would be to remove spam bots from the platform.

Twitter on April 25 accepted Elon Musk’s $44 billion takeover deal and agreed to sell itself to an entity wholly owned by Musk.

The world’s richest man currently owns a 9.1 per cent stake in Twitter and the platform became the second-biggest shareholder. Previously, the social media company had invited Elon Musk to join its board of directors, however, he declined.

On Friday, Twitter shares fell 17.7% to $37.10 in premarket trading the lowest level since Musk disclosed his stake in the company.

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Post Office MIS Scheme: Earn Rs 3,300 per year by depositing just Rs 50,000, check interest rate

Post Office are one of the greatest options for secure investments with decent returns. The MIS Scheme is one such post office scheme that provides both security and good returns.

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Post Office MIS Scheme
The MIS Scheme is one such post office scheme that provides both security and good returns.

Life is uncertain and no one knows when you need money. It’s always good to save some amount of money for future emergencies. There are various schemes in the market but how do you know that it is beneficial for you?

Risk and profit are the key aspects when making any investment. Savings plans offered by the Post Office are one of the greatest options for secure investments with decent returns. The MIS Scheme is one such post office scheme that provides both security and good returns.

To take advantage of the plan’s benefits, you must make a one-time investment and then earn monthly interest on the money, similar to a pension. Furthermore, when the plan matures, the one-time deposit is repaid to the investor.

Post Office MIS Scheme Interest Rate

The PO MIS program currently has a 6.6 percent annual interest rate that is paid on a monthly basis. A single account can hold a maximum of Rs 4.5 lakh in this scheme. The maximum amount for a joint account is Rs 9 lakh. The MIS plan has a 5-year duration.

How to Make a Post Office MIS deposit

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An account can be opened with a minimum deposit of Rs 1,000 and multiple deposits of Rs 100.
The single account maximum deposit is Rs 4.5 lakh; the joint account maximum deposit is Rs 9 lakh.
In an MIS joint account, all joint holders get an equal portion of the investment.
A person’s total deposits/shares in all MIS accounts cannot exceed Rs 4.50 lakh.
A guardian’s account formed on behalf of a minor will have a different limit.

Eligibility Criteria for Post Office MIS account

Single adult
A joint account can be opened with up to 3 adults
A guardian can open on behalf of a minor or person of unsound mind
A minor above 10 years of age can open an account in his own name.

Monthly Income Scheme Calculator:

A five-year deposit of Rs 50,000 will give Rs 275 per month or Rs 3300 per year. This takes the 5-year total return to Rs 16,500.
When depositing Rs 1 lakh, the monthly income is Rs 550, or Rs 6,600 per year, for a total of Rs 33,000 in 5 years.
A five-year investment of Rs 4.5 lakh gives Rs 2,475 per month, Rs 29,700 per year, and Rs 1,48,500 in interest.

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LIC IPO: Should investors sell or retain shares after company’s weak listing? Know here

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LIC IPO: Should investors sell or retain shares after company’s weak listing? Know here

Trading has started in the shares of the insurance company Life Insurance Corporation (LIC). However, LIC has disappointed investors on the listing. The company’s shares were listed on the BSE at Rs 867, while the issue price was Rs 949.

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LIC IPO

Trading has started in the shares of the insurance company Life Insurance Corporation (LIC). However, LIC has disappointed investors on the listing. The company’s shares were listed on the BSE at Rs 867, while the issue price was Rs 949. In this sense, the stock got listed in the market by increasing by Rs 82 from its issue price.

The investors have incurred a loss of 9 percent on the listing. However, policyholders got this share at a discount of Rs 60 and employees Rs 45. That is, the loss on their listing has been reduced.

At present, the question arises that what strategy should be made in LIC’s stock after its listing in the market. Investors are thinking, should they sell ​​the stock or wait for some time.

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Talking about subscriptions, LIC’s IPO got a decent response from investors. This issue was filled 2.95 times i.e. about 295 percent. The reserve portion received a good response for employees and policyholders. The reserve quota for employees was filled about 4.40 times, while the reserve quota for policyholders received 6.11 times the bids. The share of Qualified Institutional Buyers (QIB) was 2.83 times, Non-institutional investors (NII) was 2.91 times and the reserve quota for retail investors was filled at 1.99 times.

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ATF Price Hike: Air travel to be more expensive now! Jet fuel prices increase by 5%

The prices of Jet Fuel or Aviation Turbine Fuel (ATF) have increased once again. State-owned oil company Indian Oil Corporation has increased ATF prices by 5 percent or Rs 6188 per kilolitre.

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Airline fuel price hike

Your air travel is going to be more expensive now. The prices of Jet Fuel or Aviation Turbine Fuel (ATF) have increased once again. State-owned oil company Indian Oil Corporation has increased ATF prices by 5 percent or Rs 6188 per kilolitre.

After this increase, the price of jet fuel in the capital Delhi reached a record Rs 1.23 lakh per kilolitre. The new rates will be applicable till 31 May 2022.

How much did the prices of fuel increase this year?

From January 1, 2022, till now, the prices of jet fuel have increased 9 times. So far this year, its price has increased by 61.7 percent. Since January 1, the price of jet fuel has increased by Rs 46938 per kilolitre. On January 1, the price of ATF was Rs 76.02 per kiloliter, which has now increased to Rs 1.23 lakh per kilolitre.

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Fuel Prices in different cities

In the country’s capital Delhi, today i.e. on May 16, the price of ATF has increased from Rs 116852 per kiloliter to Rs 123039.71 per kiloliter. The price of ATF in Mumbai is Rs 121847.11 per kiloliter, in Kolkata Rs 127854.60 per kiloliter, and in Chennai, its price has gone up to Rs 127286.13 per kiloliter.

The price of ATF has been increased for the 10th time in a row. So far this year, the price has increased 9 times. During this time, the price of fuel remained unaffected.

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