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Elon Musk crosses 100 mn followers on Twitter

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As the tech billionaire Elon Musk celebrates his 51st birthday, his Twitter account has now crossed the mark of 100 million followers, which makes him one of only six people in the world to cross this milestone on the microblogging site.

Musk, touted to be the most successful tech entrepreneur and investor in the world, joined the platform in 2009 and now he ranks sixth among the most-followed people including former US president Barack Obama, singer Justin Bieber, and others.

Obama is leading with 132.1 million followers, Bieber has 114.1 million, Katy Perry has 108.8 million, Rihanna has 106.9 million and Cristiano Ronaldo has 101.3 million followers on the microblogging site.

Meanwhile, Musk, born on June 28, 1971, turned 51 on Tuesday. He often remains in the news for updates on his ventures such as SpaceX, Neuralink, and The Boring Co. He is also known to comment on politics, pop culture and world events.

However, Musk, who made a whopping $44 billion deal, has been quiet on the social media platform since June 21.

As per Bloomberg Billionaires Index, with an estimated net worth of around $203 billion as of June 2022, Musk is the wealthiest person in the world.

In 2002, Musk founded SpaceX of which he serves as CEO and Chief Engineer. In 2004, he was an early investor in electric vehicle manufacturer Tesla Motors, Inc. (now Tesla, Inc.). He became its chairman and product architect, eventually assuming the position of CEO in 2008.

Musk helped create SolarCity, a solar energy company, in 2006, which was later acquired by Tesla and became Tesla Energy.

In 2015, he co-founded OpenAI, a nonprofit research company promoting friendly artificial intelligence. In 2016, he co-founded Neuralink, a neurotechnology company focused on developing brain-computer interfaces and founded The Boring Company, a tunnel construction company.

Maharashtra

Thane Sessions Court Convicts Hawker For Brutal Attack On Civic Officer During 2021 Encroachment Drive

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Thane: The Thane Sessions Court has convicted a hawker for attempting to murder a senior civic officer and against her security personnel during an anti-encroachment drive conducted by the Thane Municipal Corporation (TMC) in 2021.

The accused, Amarjitsingh Shivshankar Yadav, alias Amarjit Yadav, was found guilty under several sections of the Indian Penal Code — including Section 307 (attempt to murder), Section 353 (assault on a public servant), Section 332 (voluntarily causing hurt to deter public servant), Section 333 (causing grievous hurt to deter public servant), and provisions under the Maharashtra Police Act.

About The Incident

The incident took place on August 30, 2021, at the Kasarvadavali junction during a routine anti-hawker and encroachment drive. Kalpita Pimple, Assistant Municipal Commissioner of the TMC’s Majiwada-Manpada ward, was overseeing the operation when Yadav, a hawker at the site, suddenly launched a violent assault on her.

In the unprovoked attack, Pimple suffered severe injuries — including the loss of three fingers and a head injury. A security guard accompanying her also suffered injuries while trying to shield her from the assault.

After a detailed trial, the court held Yadav guilty on all counts, reaffirming the severity of the offence and the need to protect public servants carrying out their lawful duties.

The public prosecutor Shishir Hirey said, “There were two victims in the case, in which Pimple lost three fingers while her security personnel suffered injuries in while trying to prevent the attack.”

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Maharashtra

Kharghar Residents Stage Peaceful Protest Demanding Liquor Ban In Locality

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Navi Mumbai: In a show of unity and resolve, residents of Kharghar gathered today at Shah Arcade, Sector 6, to participate in a sit-in protest demanding a complete ban on liquor outlets in the area.

Organised under the banner of the Liquor-Free Kharghar movement, the protest began at 11:00 AM and witnessed the participation of local citizens, social activists, and community leaders who voiced their concern over the increasing number of liquor shops and their adverse impact on the peace and safety of the neighborhood.

Protesters emphasised that making Kharghar a liquor-free zone is essential to safeguarding the area’s future and ensuring a safe, healthy environment for families and youth.

“Every responsible citizen must stand united to protect Kharghar from the ill effects of alcohol. This movement is not just for today but for the generations to come,” said one of the organizers during the protest.

The peaceful demonstration reflected the community’s collective demand for the authorities to take immediate action and revoke licenses of existing liquor shops to maintain the area’s sanctity and security.

Organisers have urged residents to remain vigilant and continue supporting similar initiatives until their demands are met.

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Business

India’s house price index up 3.1 pc in Q4 FY25, Kolkata leads: RBI

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New Delhi, June 21: The house price index (HPI) across India increased by 3.1 per cent in the January-March period (Q4 FY25), maintaining the same pace as the previous quarter (Q3).

The Reserve Bank released its quarterly HPI data for Q4, based on transaction-level data received from the registration authorities in 10 major cities.

“All-India HPI increased by 3.1 per cent (YoY) in Q4 2024-25 as compared with 3.1 per cent growth in the previous quarter and 4.1 per cent growth a year ago; annual HPI growth varied widely across the cities – ranging from a high growth of 8.8 per cent (Kolkata) to a contraction of 2.3 per cent (Kochi),” according to a RBI statement.

On a sequential basis, all-India HPI increased by 0.9 per cent in Q4.

Bengaluru, Jaipur, Kolkata and Chennai are the major cities recording a sequential rise in house prices during the latest quarter, the data showed.

Kolkata topped the chart with an 8.8 per cent increase, while Kochi was the only city to witness a contraction, recording a decline of 2.3 per cent. The 10 cities covered in the index include Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai.

“House is not just an asset but also a durable consumption good for households, providing shelter and other services. A change in the house price affects the households’ perceived lifetime wealth and hence influences the spending and borrowing decisions of households,” according to Central Bank.

An increase in the house price raises the value of the housing relative to construction costs; hence a new construction is profitable when house price rises above the construction costs.

Residential investment is, therefore, positively related with house price increase. House prices also affect bank lending and vice versa. Further, house price gains increase housing collateral.

The potential two-way link between bank lending and house prices give rise to mutually reinforcing cycles in credit and real estate markets. These indicate that house prices may affect economic activity through private consumption of households, residential investment and credit allocation of the financial systems. Thus, understanding the price trends of this segment of asset class is important for monetary policy formulation.

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