As the cost of living crisis set to esclate even further, thousands of Britishers are pledging not to pay their bills starting October 1  "75,000 people have pledged to strike on October 1st! If the government & energy companies refuse to act then ordinary people will! Together we can enforce a fair price and affordable energy for all," tweeted "Don't Pay UK" . Who is organising this protest?Don’t Pay UK is an anonymous group organising the campaign and it hopes enough people will follow suit to put energy companies in “serious trouble”. Why the pledge not to pay in fall?From 1 October, the energy price cap – the maximum amount suppliers can charge in England, Scotland and Wales – will go up, leading to further bill rises for millions of customers. As per the Bank of England from Oct. 1, the average household will pay almost £300 a month for power. The cost of living crisis UK is facing the fastest pace of price rise in over 30 years aas inflation is expected to hit 13%. Responding the price rise Bank of England (BoE) Governor Andrew Bailey hiked interest rates the most in 27 years and warned that risks of a recession are mounting. 

Find out why 75,000 Brits will stop paying their power bill

Don't Pay: Find out why 75,000 Brits will stop paying their power bill

Don't pay: Rising against price rise

75,000 irritated people in the UK have pledged not to pay their electricity bills this fall&nbsp;

As the cost of living crisis is set to escalate even further, thousands of Britishers are pledging not to pay their bills starting October 1&nbsp;&nbsp; "75,000 people have pledged to strike on October 1st! If the government &amp; energy companies refuse to act then ordinary people will! Together we can enforce a fair price and affordable energy for all," tweeted "Don't Pay UK".&nbsp; Who is organising this protest? Don&rsquo;t Pay UK is an anonymous group organising the campaign and it hopes enough people will follow suit to put energy companies in &ldquo;serious trouble&rdquo;.&nbsp;
<a href="https://www.editorji.com/business-news/spicejet-turbulence-md-ajay-singh-booked-by-gugraon-police-find-out-why-1657598926144">SpiceJet turbulence: MD Ajay Singh booked by Gurgaon police, find out why</a> Why the pledge not to pay in fall? From 1 October, the energy price cap &ndash; the maximum amount suppliers can charge in England, Scotland and Wales &ndash; will go up, leading to further bill rises for millions of customers. As per the Bank of England from Oct. 1, the average household will pay almost &pound;300 a month for power.&nbsp;
<a href="https://www.editorji.com/sports-news/cricket/look-after-your-cricket-don-t-tell-us-what-to-do-sunil-gavaskar-s-advice-to-england-australia-1659765587957">'Look after your cricket, don't tell us what to do': Sunil Gavaskar's advice to England &amp; Australia</a> The cost of living crisis&nbsp; UK is facing the fastest pace of price rise in over 30 years as inflation is expected to hit 13%. Responding the price rise Bank of England (BoE) Governor Andrew Bailey hiked interest rates for the most in 27 years and warned that risks of a recession are mounting.&nbsp;

India, home to the world's second-largest mobile market may ban Chinese smartphone makers from selling cheap mobiles in India. Bloomberg reports quoting unnamed sources that India is considering  restricting Chinese smartphone makers such as  Xiaomi from selling devices cheaper than Rs 12,000. As per data available phones under Rs 12,000 account for over 30% of sales in India, with Chinese companies accounting for up to 80% of the mobiles bought. The latest round of restrictions are a follow up on a series on changes made by the Indian govt after the India-China clash in 2020. After banning over 300 Chinese apps including popular TikTok, New Delhi also subjected Chinese firms operating in the country, such as Xiaomi and rivals Oppo and Vivo, to close scrutiny of their finances, which has led to tax demands and money laundering allegations. Chinese firms have also been excluded from the 5G trials as the new policy ensures telcos use only 'trusted sources'. 

Big blow to China: India may ban cheap Chinese smartphones 

India is set to deliver another blow to China, likely to ban cheap smartphones. 

India post 2020 clashes with China increased scrutiny on Chinese companies in India

India, home to the world's second-largest mobile market may ban Chinese smartphone makers from selling cheap mobiles in India.&nbsp; Bloomberg reports quoting unnamed sources that India is considering&nbsp; restricting Chinese smartphone makers such as&nbsp; <a href="https://www.editorji.com/partner/digit/xiaomi-pad-5-review-better-than-ipad-2021-1658743079709">Xiaomi</a> from selling devices cheaper than Rs 12,000. As per data available phones under Rs 12,000 account for over 30% of sales in India, with Chinese companies accounting for up to 80% of the mobiles bought.&nbsp;
<a href="https://www.editorji.com/world-news/china-seeks-urgent-meet-with-sri-lanka-as-colombo-seeks-deferment-of-research-ship-s-visit-1659879504498">China seeks urgent meet with Sri Lanka as Colombo seeks deferment of research ship's visit</a>
<a href="https://www.editorji.com/world-news/don-t-disturb-our-exchanges-china-after-colombo-delays-its-vessel-s-arrival-over-india-s-concerns-1659976892224">Don't disturb our exchanges: China after Colombo delays its vessel's arrival over India's concerns</a> The latest round of restrictions are a follow up on a series on changes made by the Indian govt after the India-China clash in 2020. After banning over 300 Chinese apps including popular TikTok, New Delhi also subjected Chinese firms operating in the country, such as Xiaomi and rivals Oppo and Vivo, to close scrutiny of their finances, which has led to tax demands and money laundering allegations. Chinese firms have also been excluded from the <a href="https://www.editorji.com/tech-news/gadget-review/samsung-galaxy-m13-5g-review-1659705364503">5G trials</a> as the new policy ensures telcos use only 'trusted sources'.&nbsp;

As the future of Twitter is at stake, the social media giant said the notion Elon Musk was "hoodwinked" into inking a $44 billion buyout deal defies reason and the facts.
In a filing, Twitter rejected counter claims made by Musk as he fights to walk away from the deal he inked in April to buy the San Francisco-based company.
The company accused Musk of contriving a story to escape a merger agreement that he no longer found attractive.
The Tesla boss wooed Twitter's board with a $54.20 per-share offer, but then in July announced he was ending their agreement because the firm had misled him regarding its tally of fake and spam accounts. 

Elon Musk making up excuses to breach twitter deal? 

Twitter calls Musk’s reasoning “a story, imagined in an effort to escape a merger agreement that Musk no longer found attractive.”

Musk also accused Twitter of breaching their agreement by &ldquo;stonewalling&rdquo; his information requests

It is a battle of a bungled buyout, bots and with billions at stake. As the future of Twitter's sale remains in limbo, the social media giant dismissed the notion the world's richest man Elon Musk was "hoodwinked" into inking a $44 billion buyout deal.&nbsp;
In a filing, Twitter rejected counter claims made by Musk as he fights to walk away from the deal he inked in April. In a court filing, Twitter calls Musk&rsquo;s reasoning &ldquo;a story, imagined in an effort to escape a merger agreement that Musk no longer found attractive.&rdquo;
The Tesla boss wooed Twitter's board with a $54.20 per-share offer, but then in July announced he was ending their agreement because the firm had misled him regarding its tally of fake and spam accounts.&nbsp; The fate of that acquisition, which Musk agreed to without taking the time to examine the details of Twitter&rsquo;s business, now rests with a Delaware court where Twitter sued to force Musk to complete the deal. The case is scheduled to go to trial on October 17. &nbsp;

After partnership with luxury maisons like Valentino, Manish Malhotra and Abu Jani Sandeep Khosla, Mukesh Ambani-backed Reliance Industries is in another effort to make luxury fashion accessible by bringing Spanish luxury house Balenciaga to India by 2023. 
Reliance Brands Ltd (RBL), a unit of the conglomerate, said in a statement it would be Balenciaga's sole partner in India and this partnership will be RBL’s second with the parent group Kering, that houses Balenciaga. 
Founded by Spanish-born Cristóbal Balenciaga in 1917 and established in Paris in 1937, the original house of Balenciaga defined modern couture with its many innovations to form and technique. 

Reliance to bring Spanish luxury brand, Balenciaga to India by this year

Reliance to bring Spanish luxury brand Balenciaga to India

Get ready to shop at Balenciaga in India

Reliance has been on a dealmaking spree, signing franchise agreements with brands like Valentino, Gap and British coffee and sandwich chain Pret-A-Manager&nbsp;

The House of Ambani is adding one more luxury brand to it's offering. Mukesh Ambani-backed Reliance brands is bringing Spanish luxury house Balenciaga to India.&nbsp; Reliance Brands Ltd (RBL), a unit of the conglomerate, said in a statement it would be Balenciaga's sole partner in India and this partnership will be RBL&rsquo;s second with the parent group Kering, that houses Balenciaga.&nbsp;
Founded by Spanish-born Crist&oacute;bal Balenciaga in 1917 and established in Paris in 1937, the original house of Balenciaga defined modern couture with its many innovations to form and technique.&nbsp;
Reliance Brands Ltd(RBL) has a portfolio of brand partnerships with leading global brands, including Armani Exchange, Burberry, Canali, Coach, Diesel, Dune, Emporio Armani, Gas, Giorgio Armani, Hamleys, Hugo Boss, Jimmy Choo, Michael Kors, Versace, Villeroy &amp; Boch and West Elm.

Even though LIC shares could not give the returns as expected, but maybe this news might make investors feel better. 
Recently-listed Life Insurance Corporation (LIC) has broken into the latest Fortune Global 500 list, while Reliance Industries has jumped 51 places.
The nation's biggest life insurer with revenue of USD 97.26 billion and a profit of USD 553.8 million, was ranked 98th on the just released Fortune 500 list.LIC topped the list of companies from India, followed by eight other domestic firms. 
Reliance Industries jumped 51 places to 104 on the 2022 list.
Walmart landed at No. 1 for the ninth straight year, trailed by Amazon, which reached its highest ranking ever. 

LIC breaks to top-ranked Indian firm on Fortune Global 500 List

LIC breaks into Fortune 500 joining 8 other Indian firms. Reliance makes a huge leap

Indian Oil Corporation (IOC) rose 28 places to 142nd rank while Oil and Natural Gas Corporation (ONGC) climbed 16 places to 190

Even though LIC shares could not give the returns as expected, but maybe this news might make investors feel better.&nbsp;
Recently-listed Life <a href="https://www.editorji.com/business-news/lic-shares-hit-new-record-low-1654504813674">Insurance Corporation (LIC) </a>has broken into the latest Fortune Global 500 list, while Reliance Industries has jumped 51 places.
The nation's biggest life insurer with revenue of USD 97.26 billion and a profit of USD 553.8 million, was ranked 98th on the just released Fortune 500 list. LIC topped the list of companies from India, followed by eight other domestic firms.&nbsp;
Reliance Industries jumped 51 places to 104 on the 2022 list.
<a href="https://www.editorji.com/business-news/big-job-losses-walmart-lays-off-hundreds-slashes-profit-guidance-1659588670683">Walmart </a>landed at No. 1 for the ninth straight year, trailed by Amazon, which reached its highest ranking ever.&nbsp;

As 82-year-old Nancy Pelosi landed in Taiwan, it was not just the political onlookers that awaited what next from Beijing, the tension in the tech ecosystem escalated. Editorji explains why this 14,000-square-mile island is the epicenter of the global tech revolution. 
- Simply speaking it is the digital powerhouse of the U.S. with enormous manufacturing centers of China- Taiwan is the Silicon Valley of Asia, with a large focus on manufacturing and AI-  U.S. consumes more than $63 billion worth of Taiwanese tech exports - Taiwan Semiconductor Manufacturing Co. is one of the biggest chip foundries on the planet-  Taiwan accounts for more than 90% of the world’s most advanced chip manufacturing with South Korea at 8%, according to a report from the Semiconductor Industry Association and the Boston Consulting Group-  Most companies that design chips today — Qualcomm, Nvidia and Apple among them — don't actually do the manufacturing, instead relying on companies like TSMC.- If Taiwan's chip production were permanently disrupted, the Semiconductor Industry Association estimates it would take three years and $350 billion in investment to build enough capacity to replace it.- The island manufactures about 25–30% of integrated circuits (ICs) globally - Taiwan’s Foxconn, is the world’s largest contract electronics makes iphone and in contract with Google as well-  Big suppliers of liquid-crystal display panels- The island manufactures about 25–30% of integrated circuits (ICs) globally - No one knows for sure how much of China's exports in information and communications hardware are made in Taiwanese-owned factories, but the estimates run from 40% to 80%

Explained: Why Taiwan tensions is worrying the entire tech ecosystem?

Tensions around Taiwan on the rise, Editorji explains why this 14,000-square-mile island is critical to the global tech ecosystem from iPhones to AI. 

Taiwan, Tension & Tech

As 82-year-old Nancy Pelosi landed in Taiwan, it was not just the political onlookers that await the next move from Beijing, tech titans globally are watching with bated breath.&nbsp;

As 82-year-old <a href="https://www.editorji.com/world-news/us-house-speaker-nancy-pelosi-leaves-taiwan-after-a-high-tension-visit-1659536532607">Nancy Pelosi</a> landed in Taiwan, it was not just the political onlookers that await the next move from Beijing, tech titans globally are watching with bated breath.
US House Speaker Nancy Pelosi leaves Taiwan after a high-tension visit
Editorji explains why this 14,000-square-mile island is the epicenter of the global tech revolution.&nbsp;
<ul>
<li>Simply speaking it is the digital powerhouse of the U.S. with enormous manufacturing centers of China</li>
<li>Taiwan is the Silicon Valley of Asia, with a large focus on manufacturing and AI</li>
<li>U.S. consumes more than $63 billion worth of Taiwanese tech exports</li>
<li>Taiwan Semiconductor Manufacturing Co. is one of the biggest chip foundries on the planet</li>
<li>Taiwan accounts for more than 90% of the world&rsquo;s most advanced chip manufacturing with South Korea at 8%, according to a report from the Semiconductor Industry Association and the Boston Consulting Group</li>
<li>Most companies that design chips today &mdash; Qualcomm, Nvidia and Apple among them &mdash; don't actually do the manufacturing, instead relying on companies like Taiwan's TSMC&nbsp;</li>
<li>&nbsp;If Taiwan's chip production were permanently disrupted, the Semiconductor Industry Association estimates it would take three years and $350 billion in investment to build enough capacity to replace it.</li>
<li>The island manufactures about 25&ndash;30% of integrated circuits (ICs) globally</li>
<li>Taiwan&rsquo;s Foxconn, is the world&rsquo;s largest contract electronics makes iphone and in contract with Google as well</li>
<li>Globally big suppliers of liquid-crystal display panels</li>
<li>&nbsp;No one knows for sure how much of China's exports in information and communications hardware are made in Taiwanese-owned factories, but the estimates run from 40% to 80%.&nbsp;</li>
</ul>

Top 10 richest women in India: Kotak Private Banking and Hurun India launched the third edition of the Leading Wealthy Women List, based on the net worth of women as of December 31, 2021. Here's the list: 

List of Richest Women in India 2022 | Top 10 richest women in India |  India's Richest Women List

Do you know these top 10 wealthiest women of India?

Here's the list: 


List of Richest Women in India 2022

The cumulative wealth of the top 100 women in the list surged by 53% to ₹4,16,970 crore.

Top richest women of India : Kotak Private Banking and Hurun India launched the third edition of the Leading Wealthy Women List, based on the net worth of women as of December 31, 2021. Here's the list:&nbsp;
Roshni Nadar Malhotra, the recently appointed Chairperson of the INR 70,680 crore global technology company, HCL Technologies, ranks first on the Kotak Wealth Hurun - Leading Wealthy Women List 2020. The report estimates her wealth to be INR 54,850 crore.&nbsp;
Falguni Nayar, the founder and CEO of beauty e-commerce platform Nykaa overtook Kiran Mazumdar Shaw, Chairperson of Biocon, to become the richest self-made woman with a wealth of Rs. 57,520 crores.
Kiran Mazumdar-Shaw, Founder &amp; MD of Biocon, ranks second on the Kotak Wealth Hurun - Leading Wealthy Women List 2020. The report estimates her wealth to be INR 36,600 crore.
Leena Gandhi Tewari ranks third on the Kotak Wealth Hurun - Leading Wealthy Women List 2020. The report estimates her wealth to be INR 21,340 crore. Leena chairs privately-held USV, which is a pioneer in diabetic and cardiovascular medicines in India with growing traction in APIs and biosimilars among other medical solutions.&nbsp;
Nilima Motaparti For the past five years, as a director of Divi&rsquo;s Laboratories, Nilima oversaw all elements of Divi&rsquo;s Laboratories&rsquo; material sourcing and procurement, corporate finance, and investor relations. Her wealth surged by over 50 percent during the year.
Radha Vembu sister of Zoho founder Sridhar, ranks fifth on the Kotak Wealth Hurun - Leading Wealthy Women List 2020. Radha Vembu founded the tech company, Zoho Mail with her brother Sridhar Vembu and has been co-leading it since 2007. Based out of Chennai, this product manager of Zoho Mail, saw her wealth rise by 127 percent in one year.
<a href="https://www.editorji.com/business-news/pm-modi-to-launch-india-s-first-international-bullion-exchange-but-what-is-it-1659005075875" target="_blank" rel="nofollow noopener">PM Modi to launch India's first international bullion exchange but what is it?</a>
Jayshree Ullal Jayshree Ullal ranks sixth on the Kotak Wealth Hurun - Leading Wealthy Women List 2020. The report estimates her wealth to be INR 10,220 crore. London-born, Jayshree is the CEO of the fastest-growing cloud-networking company, Arista Networks, which is currently valued at USD 16 billion under her leadership.
Neha Narkhede, the co-founder, CTO and CPO,&nbsp;is the eighth richest new member in the list. In June 2021, Confluent&rsquo; valuation rose 25% on the NASDAQ, to hit $11.4 billion (₹84,930 crore), according to the report.&nbsp;
Vandana Lal, director at Dr Lal PathLabs is a new entrant to the top ten list. She is also the head of Dr Lal PathLabs&rsquo; research and development department with a wealth of Rs 6,810 crore.&nbsp;

Burberry has set an example for cultural representation in fashion as they recently chose to pick a four-year-old Sikh boy for their autumn winter '22 collection. 

Burberry casts 4-year-old patka-wearing model for autumn-winter '22 collection

A four-year-old Sikh boy has become the first patka-wearing model. Recently, Burberry shared the pictures of their autumn winter '22 collection and the little boy was featured in it. 

Burberry sets example for cultural representation in fashion!

British luxury brand Burberry chose to cast a 4-year-old Sikh boy for their autumn winter '22 collection and with this, they set an example for cultural representation.&nbsp;

Fashion is versatile, it can be revamped and customised but what is lacking is cultural representation. However, Burberry has now set an example as it showed diversity in its latest campaign.&nbsp;
The British luxury fashion house released pictures of its children's autumn-winter '22 collection. In the latest collection, they chose to cast a four-year-old boy Sahib Singh, and they made him the first patka-wearing model.
The images of the same were shared on the official Instagram account of Sahib Singh. In the caption, it was mentioned that "being part of the Burberry Bear autumn winter '22 campaign is incredible and to be the first patka wearing model for the biggest British brand is just an amazing achievement for our little 4-year-old and the Sikh community."
<h3>What is patka?&nbsp;</h3>
Patka holds traditional value as it is worn by Sikh boys before they start wearing the pagri, which is also known as a turban.&nbsp;
Burberry has been drawing praise on social media. Several users praised the brand for representing the Sikh community and promoting inclusivity and diversity.

RBI Governor salary 2022 : RTI response reveals that the RBI Governor Shaktikanta Das’ remuneration stood at Rs 2.5 lakh per month last year. RBI chief's salary is in-line with what the SBI Chairman earns which amounts to close to Rs 34 lakhs/years.

RBI Governor salary: RBI Governor's salary, the comparison with a bank CEO is shocking! 

Revealed: The RBI Governor's salary, the comparison with a bank CEO is shocking!

Payslip vs Payslip: Regulator vs Regulated

Right to Information (RTI) query response reveals how much RBI Governor earns&nbsp;

The top boss of Mint Street makes 40 times less than the bankers he regulates! An <a href="https://www.editorji.com/india-news/pm-cares-fund-can-t-be-under-rti-it-is-not-a-govt-trust-pmo-1632389522095" target="_blank" rel="nofollow noopener">Right to Information Act (RTI) </a>response reveals that the Reserve Bank of India (RBI) Governor Shaktikanta Das&rsquo; remuneration stood at Rs 2.5 lakh per month last year.&nbsp; Moneycontrol reports that the <a href="https://www.editorji.com/business-news/rbi-june-monetary-policy-factors-at-play-for-shaktikanta-das-1654078209537" target="_blank" rel="nofollow noopener">RBI </a>chief's salary is in-line with what the State Bank of India (SBI) Chairman earns which amounts to close to Rs 34 lakhs per year.&nbsp;
<a href="https://www.editorji.com/business-news/fed-rate-hike-to-massive-market-rally-all-that-happened-overnight-1658966796657" target="_blank" rel="nofollow noopener">Fed raises rates but Fed Chief Powell's comments power up the markets</a> The comparison with SBI Chairman may seem equitable but when the figure is pitched against the private bankers Das supervises and regulates the gap is shocking. The salaries of the top five private bank leaders ranged between 2.3 crore to Rs 7.1 crore per annum, including perks. Thus refelecting that they earn over 10 times what their counterpart at SBI or their regulatory supervisor earns.

ITR Filing Mistakes : The due date for Income Tax Return (ITR) filing for salaried taxpayers is around the corner and EJ Biz puts together the Dos and also the Do Nots for your tax filings

ITR Filing: Mistakes that you should avoid while filing income tax returns

Time for ITR Filing: Make sure you have this list of Dos and Donts 

ITR Filing Mistakes : The ITR filing for the assessment year 2022-23 (AY23) is now available on the income tax e-filing

ITR Filing Mistakes: The due date for Income Tax Return (ITR) filing for salaried taxpayers is around the corner and EJ Biz puts together the Dos and also the Do Nots for your tax filings:
<h3>1. Income Tax Return filing last date</h3>
The due date for filing of return for a class of taxpayers who are not mandated to audit under the income tax law is July 31, while it is October 31, for those cases that are mandated to audit under the Income Tax Law or any other law.
Also read/watch| <a title="Which country holds the most powerful passport?" href="https://www.editorji.com/business-news/which-country-holds-the-most-powerful-passport-1658308542645">Which country holds the most powerful passport?</a>
<h3>2. ITR filing late fees:</h3>
People can file <a href="https://www.editorji.com/business-news/personal-finance/itr-filing-5-mistakes-that-you-should-avoid-while-filing-income-tax-returns-1638166783878" target="_blank">ITR </a>after the deadline passes but they have to pay a late fee. As per the latest details, if the yearly income of an individual is above Rs 5 lakh per annum, a late fee of Rs 5,000 will be imposed. If the income is below Rs 5 lakh per annum, then a late fee of Rs 1,000 will be imposed on the person who will file the ITR after the deadline.
<h3>3. Keep your form in mind&nbsp;</h3>
Individuals should be careful while filling out the<a href="https://www.editorji.com/business-news/personal-finance/itr-filing-5-mistakes-that-you-should-avoid-while-filing-income-tax-returns-1638166783878" target="_blank"> income tax return (ITR)</a> forms. They should make sure that they are filling out the correct ITR form that is applicable to their situation.
<h3>4. Providing incorrect information</h3>
While filing the ITR is necessary, providing correct personal information in the forms is even more critical. The details that need special attention are PAN details, e-mail ID, date of birth and IFSC code.

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Good news are apparently in order for Elon Musk: The Tesla chief executive had twins in November with Shivon Zilis, a top executive at his company Neuralink. 
The news of the twins’ arrival, reported by Insider, brings Musk’s total brood count to nine.Musk allegedly had his eighth and ninth children with Shivon Zilis, who works at Neuralink, the company that is looking into human brain microchip technology.Insider claims the court documents reveal Musk and Zilis filed a petition to change the names of the twins. They wanted the newborns to 'have their father's last name and contain their mother's last name as part of their middle name'.Zilis currently works as director of operations and special projects for Neuralink.

Elon Musk had twins with his company executive: Report

The news of the twins&rsquo; arrival, first reported Wednesday by Insider, brings Musk&rsquo;s total brood count to nine.

Good news are apparently in order for Elon Musk: The Tesla chief executive had twins in November with Shivon Zilis, a top executive at his company Neuralink.
The news of the twins&rsquo; arrival, reported by Insider, brings Musk&rsquo;s total brood count to nine.
Also read/watch| <a title="'Malfunctions not unique but will be doubly careful': SpiceJet boss Ajay Singh" href="https://www.editorji.com/india-news/malfunctions-not-unique-but-will-be-doubly-careful-spicejet-boss-ajay-singh-1657115159462">'Malfunctions not unique but will be doubly careful': SpiceJet boss Ajay Singh</a> Musk allegedly had his eighth and ninth children with Shivon Zilis, who works at Neuralink, the company that is looking into human brain microchip technology. Insider claims the court documents reveal <a href="https://www.editorji.com/business-news/elon-musk-scolded-by-his-mother-on-twitter-1652067036891" target="_blank">Elon Musk</a> and Zilis filed a petition to change the names of the twins. &nbsp; They wanted the newborns to 'have their father's last name and contain their mother's last name as part of their middle name'. Zilis currently works as director of operations and special projects for Neuralink.

In the latest news from the IPO corner, Syrma SGS a technology-focussed engineering and design company is ready to test its fate with investors. Here is all you need to know 

IPO Opens: August 12 
IPO Closes: August 18
IPO Price: Rs 209 to Rs 220
Grey Market Premium: Rs 30/share (as per reports)

The initial public offering comprises fresh issuance of shares worth Rs 766 crore, and an offer for sale of 33.69 lakh equity shares by promoter Veena Kumari Tandon.Chennai-based engineering and design company Syrma SGS Tech is engaged in turnkey electronics manufacturing services (EMS), specialising in precision manufacturing for diverse end-use industries.As per the DRHP the company provided products to over 200 customers of which 16 customers have been associated with the company for more than 10 years. Some of the key names in the client roster include TVS Motor Company, Eureka Forbes, Atomberg Technologies, Hindustan Unilever, and Total Power Europe B.V.

IPO watch: Syrma SGS Technology IPO, dates to GMP everything you need to know

After over 2 months of an IPO drought, Syrma SGS Technology tests the markets' mettle. Here is all you need to know about the IPO 

First IPO to hit Dalal Street after two and a half months&nbsp;

In the latest news from the IPO corner, Syrma SGS a technology-focused engineering and design company is ready to test its fate with investors. Here is all you need to know&nbsp;
<ul>
<li>IPO Opens: August 12 </li>
<li>IPO Closes: August 18</li>
<li>IPO Price: Rs 209 to Rs 220</li>
<li>Grey Market Premium: Rs 30/share (as per reports)</li>
</ul>
The initial public offering comprises fresh issuance of shares worth Rs 766 crore, and an offer for sale of 33.69 lakh equity shares by promoter Veena Kumari Tandon. Chennai-based engineering and design company Syrma SGS Tech is engaged in turnkey electronics manufacturing services (EMS), specialising in precision manufacturing for diverse end-use industries. As per the DRHP the company provided products to over 200 customers of which 16 customers have been associated with the company for more than 10 years. Some of the key names in the client roster include TVS Motor Company, Eureka Forbes, Atomberg Technologies, Hindustan Unilever, and Total Power Europe B.V.

Elon Musk is sprung yet another surprise by selling nearly $7 billion worth of Tesla shares. The move comes just months after the billionaire had said that he planned no further Tesla stock sales.Musk sold around 7.9 million shares between Friday andTuesday, regulatory filings show. With the latest sale Musk has sold $32 billion worth of stock in Tesla in the last one year.  Musk said in April "no further TSLA sales planned," after he sold $8.5 billion worth of Tesla shares. Technoking of Tesla is currently locked in a legal battle with Twitter over a 'botched' $44 billion buyout. The rationale for the latest sale of shares is still undisclosed. Tesla shares have risen about 35% from recent lows reached in May, though are still down about 20% this year 

Why did Elon Musk sell $6.9 bn worth of Tesla shares?

Musk on Tesla stock selling spree?

With a $250.2 billion fortune, Musk is the world&rsquo;s richest person, according to the Bloomberg Billionaires Index

Elon Musk has sprung yet another surprise by selling nearly $7 billion worth of Tesla shares. The move comes just months after the billionaire had said that he planned no further Tesla stock sales. Musk sold around 7.9 million shares between Friday andTuesday, regulatory filings show. With the latest sale Musk has sold $32 billion worth of stock in Tesla in the last one year. &nbsp;Musk said in April "no further TSLA sales planned," after he sold $8.5 billion worth of Tesla shares.&nbsp;
<a href="https://www.editorji.com/business-news/twitter-trials-musk-to-face-legal-onslaught-from-october-1658283714506">Twitter Trials: Musk to face legal onslaught from October</a> Technoking of Tesla is currently locked in a legal battle with Twitter over a 'botched' $44 billion buyout. The rationale for the latest sale of shares is still undisclosed.&nbsp;
<a href="https://www.editorji.com/business-news/markets/zomato-delivers-esop-bonanza-shares-for-re-1-1658917566467">Zomato delivers ESOP bonanza, shares for Rs 1</a> Tesla shares have risen about 35% from recent lows reached in May, though are still down about 20% this year. &nbsp;

Have you ever applied for a Schengen visa? If not, then maybe you would think twice after seeing this picture! 
An individual by the name of Saptarshi Prakash tweeted a picture of the papers he needed to obtain a Schengen visa, Twitter users were perplexed. 
In the caption, he wrote, “Applying for a tourist visa to one of the most developed countries of the world. This is the amount of paper I am supposed to carry to prove that I have the money to stay there and come back." The image shows a massive bundle of paperwork, which seems to be unending.
In a follow-up tweet, he said the documents he attached were bank statements, 3 years of Income tax returns, and payslips among other things.
Since uploaded, the image has gone viral and managed to gather over 4K likes.
The amount of documentation astonished users of the internet. Others referred to it as a book manuscript, while some made the comparison to a PhD thesis.

Netizens shocked of paperwork for Schengen visa

Have you ever applied for a Schengen visa? If not, then maybe you would think twice after seeing this picture! 

 PhD thesis or Swiggy bills? Netizens shocked of paperwork for Schengen visa

<div class="ArticleShow-article-paragraph-18840">In a follow-up tweet, he said the documents he attached were bank statements, 3 years of Income tax returns, and payslips among other things.</div>
<div>&nbsp;</div>

Have you ever applied for a Schengen visa? If not, then maybe you would think twice after seeing this picture!&nbsp;
An individual by the name of Saptarshi Prakash tweeted a picture of the papers he needed to obtain a Schengen visa, Twitter users were perplexed.&nbsp;
<a href="https://www.editorji.com/sports-news/commonwealth-games-2022/visa-delay-for-members-of-cwg-bound-indian-women-s-cricket-team-1658572505137">Visa delay for members of CWG-bound Indian women&rsquo;s cricket team</a>
In the caption, he wrote, &ldquo;Applying for a tourist visa to one of the most developed countries of the world. This is the amount of paper I am supposed to carry to prove that I have the money to stay there and come back." The image shows a massive bundle of paperwork, which seems to be unending.
In a follow-up tweet, he said the documents he attached were bank statements, 3 years of Income tax returns, and payslips among other things.
<a href="https://www.editorji.com/sports-news/cricket/india-tour-of-west-indies-t20-series-facing-logistical-issues-as-players-still-await-us-visas-1659324192648">India tour of West Indies: T20 series facing logistical issues as players still await US visas</a>
Since uploaded, the image has gone viral and managed to gather over 4K likes.
The amount of documentation astonished users of the internet. Others referred to it as a book manuscript, while some made the comparison to a PhD thesis.

Joining the league of Big Tech companies, photo-sharing platform Snapchat is also planning employee layoffs in the organization. 
According to reports, news comes after the company “recently delivered disappointing earning results” and its stock price plunged following its failure to publish forecast earnings for the third quarter.  
"It's currently unclear how many of Snap's more than 6,000 employees will be laid off, as managers across the company are still planning the full scope of the cuts for their teams," The Verge said in the report. 
Snap joins companies like Microsoft, Twitter, TikTok, Meta and Google who have either laid off employees or frozen new hirings amid the global economic downturn.
 

Oh Snap! Next round of firing from social media giant Snapchat

It is not just photos or videos that disappear from Snapchat, reports indicate lay offs will lead to employees also suffering the same fate. 

As per the report in The Verge, the job cuts at Snap are coming after the company posted disastrous quarterly results (Q2) amid poor future forecasts.

Snapchat is set to join the firing brigade as the social networking app is reportedly laying off staff after disappointing numbers.&nbsp; The last time Snap did layoffs was in 2018 and currently has over 6000 employees and boasts of 347 million daily users of its popular disappearing photo and video app.&nbsp;
<a href="https://www.editorji.com/story/snapchat-will-no-longer-promote-us-president-donald-trump-s-content-1591265227004">Snapchat will no longer promote US President Donald Trump's content</a>
According to reports, news comes after the company &ldquo;recently delivered disappointing earning results&rdquo; and its stock price plunged following its failure to publish forecast earnings for the third quarter.&nbsp;&nbsp; Post the earnings Snap announced that co-founders Evan Spiegel and Bobby Murphy, the company&rsquo;s CEO and CTO, &nbsp; will be paid $1 per year with no additional equity.&nbsp; But that clearly was not adequate&nbsp; "It's currently unclear how many of Snap's more than 6,000 employees will be laid off, as managers across the company are still planning the full scope of the cuts for their teams," The Verge said in the report.&nbsp;
<a href="https://www.editorji.com/business-news/adani-partners-with-french-giant-totalenergies-to-produce-green-hydrogen-1655194884680">Adani partners with French giant TotalEnergies to produce green hydrogen</a>
Snap joins companies like Microsoft, Twitter, TikTok, Meta and <a href="https://www.editorji.com/partner/dw/is-gen-z-killing-google-young-people-prefer-tiktok-1658829876289">Google </a>who have either laid off employees or frozen new hirings amid the global economic downturn.

Tata Communications under-reported gross revenue between 2006-07 to 2017-18 which led to Rs 645 crore lower levy of licence fee during the period, the Comptroller and Auditor General of India (CAG) said in a report on Monday.
The CAG, in the report, also said the amount needs to be recovered from Tata Communications Ltd (TCL).
"Audit scrutiny of Audited AGR Statements with reference to Profit & Loss Statements and Balance Sheets in respect of NLD, ILD and ISP-IT licenses of TCL for the period from 2006- 07 to 2017-18 revealed that there was an under reporting of Gross Revenue (GR) by Rs 13,252.81 crore and consequent short levy of LF of Rs 950.25 crore," it said.
According to the CAG report, the Department of Telecommunications only levied Rs 305.25 crore as licence fee (LF) on the company.
"After deducting the DoT's assessment of LF of Rs 305.25 crore, the License Fee demanded from TCL by DoT was short by Rs 645 crore for the said period, which needs to be demanded and recovered," the report said.
"Considering minimum rate of 0.15 per cent of AGR for Spectrum charges, the estimated revenue foregone on a very conservative basis was Rs 67.53 crore towards spectrum charges for one carrier of E and V band and the annual expected revenue foregone was Rs 3.30 crore for one Circle alone based on average AGR (adjusted gross revenue) reported by TSPs (telecom service providers) for the year 2020-21," it added.
The E and V bands are expected to match data transmission speed equivalent to optical fibre and are in high demand by telecom operators for expediting rollout of telecom services.
The CAG said the estimated foregone revenue on account of delay in allocation of E and V band spectrum is "only an indicative figure and the expected actual revenue could be higher based on number and bandwidth of the carriers allocated to users." "DoT may take an early decision in consultation with TRAI on allotment/ assignment of spectrum for microwave access and backhaul network in E-band and V-band for providing support to mobile communications, ISP service providers and for effective roll out of 5G services," the report said.
The Cabinet in June had approved partial allocation of spectrum in E-band to the telecom service providers to meet the backhaul demand of telecom operators.

This Tata company under reported revenue: CAG 

This Tata company under-reported revenue causing losses to the Govt as per a CAG report

CAG's scathing revelation about a Tata Group firm

The CAG, in the report, also said the amount needs to be recovered from Tata Communications Ltd

Tata Communications under-reported gross revenue between 2006-07 to 2017-18 which led to Rs 645 crore lower levy of licence fee during the period, the Comptroller and Auditor General of India (CAG) said in a report on Monday.
The CAG, in the report, also said the amount needs to be recovered from Tata Communications Ltd (TCL).
"Audit scrutiny of Audited AGR Statements with reference to Profit &amp; Loss Statements and Balance Sheets in respect of NLD, ILD and ISP-IT licenses of TCL for the period from 2006- 07 to 2017-18 revealed that there was an under reporting of Gross Revenue (GR) by Rs 13,252.81 crore and consequent short levy of LF of Rs 950.25 crore," it said.
<a href="https://www.editorji.com/business-news/infosys-ceo-salary-hike-salil-parekh-gets-a-big-hike-in-compensation-jumps-to-rs-79-crore-year-from-rs-42-crores-1653541864253">Infosys CEO gets a mega hike, this is how much he makes after a 88% jump</a>
According to the CAG report, the Department of Telecommunications only levied Rs 305.25 crore as licence fee (LF) on the company.
"After deducting the DoT's assessment of LF of Rs 305.25 crore, the License Fee demanded from TCL by DoT was short by Rs 645 crore for the said period, which needs to be demanded and recovered," the report said.
"Considering minimum rate of 0.15 per cent of AGR for Spectrum charges, the estimated revenue foregone on a very conservative basis was Rs 67.53 crore towards spectrum charges for one carrier of E and V band and the annual expected revenue foregone was Rs 3.30 crore for one Circle alone based on average AGR (adjusted gross revenue) reported by TSPs (telecom service providers) for the year 2020-21," it added.
<a href="https://www.editorji.com/business-news/why-did-elon-musk-sell-6-9-bn-worth-of-tesla-shares-1660103849558">Zomato delivers good earnings, Morgan says order more stock</a> &nbsp;
The E and V bands are expected to match data transmission speed equivalent to optical fibre and are in high demand by telecom operators for expediting rollout of telecom services.
The CAG said the estimated foregone revenue on account of delay in allocation of E and V band spectrum is "only an indicative figure and the expected actual revenue could be higher based on number and bandwidth of the carriers allocated to users." "DoT may take an early decision in consultation with TRAI on allotment/ assignment of spectrum for microwave access and backhaul network in E-band and V-band for providing support to mobile communications, ISP service providers and for effective roll out of 5G services," the report said.
The Cabinet in June had approved partial allocation of spectrum in E-band to the telecom service providers to meet the backhaul demand of telecom operators.

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