Maye Musk, Elon Musk's mother, has shown her appreciation for Prime Minister Narendra Modi by retweeting his post about their discussion on technology and innovation collaboration. She previously expressed excitement over their meeting in Washington D.C., sharing posts with affectionate emojis. Elon Musk also acknowledged the conversation, expressing his anticipation to visit India later this year.
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Elon Musk's net worth soared past $400 billion, a first, fueled by Tesla's record high and a SpaceX share sale. His fortune surged by a record $62.8 billion in a single day. Trump's pro-business policies and Musk's new government role are credited with boosting investor confidence. SpaceX's valuation reached $350 billion, making it the world's most valuable private startup.
Zerodha CEO Nithin Kamath revealed that the company is experiencing its first business slowdown in 15 years. A decline in active users across major stock broking platforms signifies a broader market correction. According to National Stock Exchange (NSE) data, eight of the top 10 broking firms saw a decline in active investors in February. Kamath noted a 30% drop in trading activity due to market conditions and regulatory changes.
A four-month-old baby girl was abducted from a Ghaziabad railway station on Tuesday. The girl's father, Deepak, befriended two men while waiting for a train to Agra. One of the men, identified as Vikash, offered Deepak money for his daughter. While Deepak was intoxicated and his wife was using the restroom, Vikash abducted the child. Police are investigating the kidnapping.
Sam Altman, CEO of OpenAI, commented on the challenge of competing with Google after web analytics data showed ChatGPT ranking sixth among top websites for January 2025. OpenAI recently made ChatGPT's search feature available to everyone, potentially capturing up to 1% of the search market, challenging established players like Google Search and Microsoft's Bing.
Motilal Oswal Financial Services Ltd recommends Coforge and Persistent Systems as top stock picks for the week. Coforge demonstrates strong revenue growth, driven by partnerships and rising demand. Persistent Systems shows promising revenue and profit growth, focusing on improved utilization and cost optimization.
New Zealand Cricket announces its 15-member squad for the ICC Champions Trophy 2025, featuring young pacers Will O'Rourke, Ben Sears, and Nathan Smith. The squad is a mix of experience and youth, led by new captain Mitchell Santner. Kane Williamson and Tom Latham provide veteran support. The tournament begins for NZ on February 19 against Pakistan in Karachi.
India and Chile have agreed to begin negotiations for a comprehensive economic partnership agreement and to enhance defense and security cooperation. Four agreements were signed, including one for cooperation in Antarctica, with both leaders emphasizing the need for UNSC reforms and global efforts to combat terrorism.
The cash-strapped government has recommended that the National Cooperative Development Corporation extend loans worth 1,104.6 crore to nine cooperative sugar factories, mostly linked to ruling parties in the Mahayuti alliance. Loans require a state guarantee, adding to the state’s liabilities. These recommendations aim to meet the working capital gap of the factories, supporting key political figures.
Prasanna Sankar, co-founder of Rippling, has accused his wife of infidelity and filing false legal claims against him, leading him to flee with his son from the Chennai police.
Maharashtra's transport minister, Pratap Sarnaik, admitted that employees' provident fund and gratuity were used to cover daily expenses and salary hikes for the Maharashtra State Road Transport Corporation. The opposition demanded a complaint against the MSRTC's managing director. Sarnaik assured that future improper use of funds would be avoided and employees would not lose interest on diverted money.