$44 billion acquisition: US jury finds Elon Musk ‘misled’ Twitter shareholders in 2022

A federal jury in San Francisco has found Elon Musk liable for defrauding Twitter (now X) investors in 2022 by disparaging the company in an effort to secure a lower purchase price for the platform, Bloomberg News reported on Friday.Jurors concluded that Musk intentionally misled shareholders by claiming the social media company—later renamed X—had an…

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Prediction market Kalshi raises $1 billion at double its December valuation: Bloomberg

Kalshi Inc. raised more than $1 billion in a funding round led by Coatue Management, Bloomberg reported Thursday, citing people familiar with the matter. The round valued the prediction market platform at $22 billion, Bloomberg said, double the valuation of the previous round in December, when it also raised $1 billion. That funding round was…

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India-Bangladesh Ties: In bid to reset ties, Bangladesh envoy calls on EAM Jaishanakar, commerce minister Piyush Goyal | India News

NEW DELHI: As India and Bangladesh look to work towards a pragmatic reset in ties, Bangladesh high commissioner Riaz Hamidullah Friday called on external affairs minister S Jaishankar and also commerce and industry minister Piyush Goyal.Jaishankar said that the conversation with Hamidullah was focused on advancing bilateral ties. In a social media post about the…

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Sweeping transfers by EC take place only in non-BJP states: Omar Abdullah | India News

Omar Abdullah (File photo) NEW DELHI: J&K CM Omar Abdullah on Friday came out strongly in support of his Bengal counterpart Mamata Banerjee on the issue of EC transferring officials in poll-bound Bengal, saying these “sweeping transfers only happen in non-BJP-governed states”.“Bengal will once again prove that officers don’t win elections for political parties; members…

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Crypto Clarity Act may be cleared to move after senators agree on stablecoin yield

The two U.S. senators negotiating a controversial provision in the crypto industry’s market structure bill — Republican Thom Tillis and Democrat Angela Alsobrooks — have reportedly agreed on a compromise that could advance the industry’s top priority to the next stage in the Senate. The two were reported by Politico to have agreed in principle…

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EC constitutes 19 appellate tribunals to hear SIR cases | India News

NEW DELHI: Election Commission, acting on directions of Supreme Court and recommendations of Calcutta HC chief justice, on Friday constituted 19 appellate tribunals for hearing appeals against orders passed by designated judicial officers in Bengal in respect of inclusion or exclusion of prospective electors in the state’s electoral roll.Consequent upon the publication of the supplementary…

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Sam Bankman Fried’s past political cash gives AI PAC fuel for going after NY state lawmaker Bores

A political action committee with ties to major tech and crypto donors is raising the specter of disgraced ex-FTX CEO Sam Bankman-Fried to target New York congressional candidate Alex Bores as the state legislator faces a crowded Democratic field. A sharply worded mailer distributed by Think Big PAC told voters that the Democratic primary candidate…

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Orphan Widow Cess: Fuel for welfare: Himachal Pradesh proposes cess up to Rs 5 per litre on petrol, diesel to assist orphans, widows | India News

NEW DELHI: The Himachal Pradesh government has proposed a new cess on petrol and diesel to fund welfare measures for orphans and widows.Chief minister Sukhvinder Singh Sukhu on Friday introduced the Himachal Pradesh Value Added Tax (Amendment) Bill, 2026, in the assembly, seeking to levy an “orphan and widow cess” on petrol and high-speed diesel,…

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