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<ul><li><keyword id="6355315" type="General" weightage="50" keywordseo="elon-musk" source="Orion">Elon Musk</keyword> and his <keyword id="6354616" type="General" weightage="20" keywordseo="twitter" source="Orion">Twitter</keyword> counterpart Parag Agrawal did not depose in ongoing litigation.</li><li>The trial is set to begin on October 17 in Delaware Chancery Court, US.</li><li>The absence of <keyword id="364027" type="General" weightage="100" keywordseo="musk" source="Orion">Musk</keyword> and Agrawal during questioning marks another twist in the fierce legal case.</li></ul>Tesla CEO Elon Musk and his Twitter counterpart Parag Agrawal did not depose in ongoing litigation despite earlier filings in a US court, triggering speculations. According to a CNN report, citing sources, the dates listed in deposition notices filed with the court are "not always the dates that the two sides agree to officially begin the questioning". The absence of Musk and Agrawal marks another twist in the fierce legal case that is slated to begin in the Delaware Court of Chancery in the US from October 17. The testimony of both "is considered central in the litigation over Musk's deal to buy -- and then his attempt to get out of buying -- Twitter for $44 billion," the report said late on Monday. Earlier court filings revealed that Musk's deposition was slated for September 26-27 and may run into September 28 if needed. Another filing said Agrawal was also due to be questioned starting Monday. "One person familiar with the matter said Agrawal's deposition is being rescheduled," the report mentioned. Musk is still expected to be deposed this week. Both the depositions will not be a public one. Earlier, in a minor win for Tesla CEO Elon Musk, a US court allowed his legal team to make a case that a $7.75 million severance payment to Peiter 'Mudge' Zatko, Twitter's former head of security, allows him to terminate the $44 billion takeover deal. Judge Kathleen McCormick ruled last week that Musk can amend his counterclaims to include the payment to Zatko. The ruling means that Musk can use the Zatko payment for his argument regarding terminating the deal. Twitter did not oppose the motion, Barron's had reported. Twitter is also seeking if there is a connection between its former head of security and Musk. Twitter shareholders had voted to approve the buyout by Musk amid the legal battle. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/deals-and-offers-on-bluetooth-speakers-under-5000/articleshow/94394212.cms">Amazon Great Indian Festival deals and offers on Bluetooth speakers under ₹5,000</a> <a href="https://www.businessinsider.in/tech/deals-on-smart-4k-tvs-from-samsung-lg-redmi-and-more-on-amazon/articleshow/94396364.cms">Big discounts on smart 4K TVs from Samsung, LG, Redmi and more on Amazon</a>

Elon Musk and Twitter CEO Parag Agarwal escaped questioning ahead of trial

Twitter's top executives stand to make a total of $88 million between them -- <keyword id="3115373" type="General" weightage="50" keywordseo="parag-agrawal" source="Orion">Parag Agrawal</keyword> alone will get $38.7 million -- after being ousted by <keyword id="6355315" type="General" weightage="50" keywordseo="elon-musk" source="Orion">Elon Musk</keyword> who has finally taken over the micro-blogging platform in a $44 billion takeover deal. According to Insider, the former Indian-origin CEO is set to receive the largest payout of $38.7 million, largely due "to the entirety of his shares vesting upon his firing". Twitter's chief financial officer <keyword id="4755203" type="General" weightage="50" keywordseo="ned-segal" source="Orion">Ned Segal</keyword>, is set to receive $25.4 million and <keyword id="1847505" type="General" weightage="50" keywordseo="vijaya-gadde" source="Orion">Vijaya Gadde</keyword>, the chief legal officer, will be richer by $12.5 million after firing. Sarah Personette, the chief customer officer, would get $11.2 million. <keyword id="364027" type="General" weightage="80" keywordseo="musk" source="Orion">Musk</keyword> is expected to reorganise Twitter and cut the workforce by a massive margin. Musk, however, told Twitter employees during his visit to its headquarters that he is not going to lay off 75 per cent of the workforce when he takes over the micro-blogging platform. Reports earlier mentioned that Musk will fire 75 per cent, or 5,600 employees, from the Twitter staff globally. Musk has casually mentioned laying off Twitter staff in his tweets, without mentioning any figure. Twitter employees are still anxious about expected staff cuts as part of the takeover. They had written an open letter to the board of directors and Musk, criticising his plans to lay off 75 per cent of the workforce. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/sensex-shrugs-off-weak-global-cues-to-hit-60000/articleshow/95135992.cms">Sensex shrugs off weak global cues to hit 60,000</a> <a href="https://www.businessinsider.in/tech/news/musk-is-now-twitter-boss-fires-indian-origin-ceo-agrawal-other-top-execs/articleshow/95134427.cms">Musk is now Twitter boss, fires Indian-origin CEO Agrawal, other top execs</a>

Fired Twitter CEO Parag Agarwal takes home $38.7 million as payout

<ul><li>Parag Agrawal has defended the company’s claim of spam accounts on the platform.</li><li>The Twitter chief claimed that they are doing everything they can to detect and eliminate spam accounts.</li><li><keyword id="6355315" type="General" weightage="80" keywordseo="elon-musk" source="Orion">Elon Musk</keyword> responded to these tweets with a “smiling poop” emoji.</li></ul>Twitter chief Parag Agrawal posted a series of tweets defending the company and talking about the spam accounts on its platform. This comes just a few days after Tesla cofounder Elon <keyword id="364027" type="General" weightage="100" keywordseo="musk" source="Orion">Musk</keyword> had put his Twitter acquisition <a href="https://www.businessinsider.in/tech/news/elon-musk-puts-44-billion-twitter-deal-on-hold-over-fake-accounts/articleshow/91540983.cms">deal on hold</a> pending an investigation of fake or spam users. Several people have claimed that Musk has put the deal on hold to get the platform at a better price. Musk has himself <a href="https://www.ft.com/content/2baac8e5-48ce-4aa3-a908-0ee2d5693c84">said</a> that a lower price was “not out of the question”. <cmsannotation type="cmsannotation" annotationid="Spam is hard to catch" comment="subhead" text="Spam is hard to catch">Spam is hard to catch</cmsannotation> Parag Agrawal began his tweets by saying that Twitter is “strongly incentivized to detect and remove as much spam as we possibly can” as spam accounts harm the experience of real users on Twitter and therefore the company’s business. He then added that advanced spam campaigns use a combination of humans and automation to evade detection, making them sophisticated and hard to catch. Agrawal also added that tactics used by spam accounts evolve constantly. “You can’t build a set of rules to detect spam today, and hope they will still work tomorrow. They will not,” Agrawal said. Revealing the number of accounts banned by the company, Agrawal said,” We suspend over half a million spam accounts every day, usually before any of you even see them on Twitter. We also lock millions of accounts each week that we suspect may be spam.” Coming to the 5% number that was reported by Twitter and disputed by Musk, Agrawal said,” Now, we know we aren’t perfect at catching spam. And so this is why, after all the spam removal I talked about above, we know some still slip through. We measure this internally. And every quarter, we have estimated that &lt;5% of reported mDAU for the quarter are spam accounts.” Agrawal claimed that it is not possible to share the information required to calculate the spam accounts publicly. However, the company has shared an “overview of the estimation process” with Musk. Musk replied to Agrawal’s tweets with a “smiling poop” emoji, which received over 41,000 likes in a short duration. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/elon-musk-said-repricing-his-twitter-deal-for-less-is-not-out-of-the-question-according-to-report/articleshow/91606428.cms">Elon Musk said repricing his Twitter deal for less is 'not out of the question,' according to report</a> <a href="https://www.businessinsider.in/stock-market/news/elon-musk-is-using-a-dog-ate-the-homework-excuse-to-potentially-back-out-of-buying-twitter-and-there-is-now-a-less-than-50-chance-the-deal-gets-done-wedbush-says/articleshow/91601257.cms">Elon Musk is using a 'dog ate the homework' excuse to potentially back out of buying Twitter and there is now a less than 50% chance the deal gets done, Wedbush says</a> <a href="https://www.businessinsider.in/stock-market/news/twitter-stock-has-fallen-back-to-where-it-was-before-elon-musk-sparked-takeover-speculation-by-disclosing-a-9-stake/articleshow/91603001.cms">Twitter stock has fallen back to where it was before Elon Musk sparked takeover speculation by disclosing a 9% stake</a>

Twitter chief says the company suspends over half a million spam accounts each day as Elon Musk puts his acquisition deal on hold

<ul><li>Twitter founder <keyword id="265395" type="General" weightage="20" keywordseo="jack-dorsey" source="Orion">Jack Dorsey</keyword> has resigned from his position as the Chief Executive Officer. </li><li>IIT-Bombay alumnus, <keyword id="3115373" type="General" weightage="20" keywordseo="parag-agrawal" source="Orion">Parag Agrawal</keyword> has been named as the CEO. </li><li>Prior to Twitter, Agrawal had stints at Microsoft, Yahoo and AT&amp;T in research roles.</li></ul>Twitter’s founder Jack Dorsey has stepped down as the Chief Executive Officer, making way for an engineer from Indian Institute of Technology (IIT) Bombay, who went on to do his PhD from Stanford University. After finishing his Bachelor's in Computer Science, Agrawal completed his Doctor of Philosophy, majoring in computer science, according to his Linkedin profile. Parag Agrawal has been with Twitter for just over a decade now and joined as a software engineer. Before taking over as CEO, he was the chief technology officer at the social media firm worth over $37 billion. At Twitter, Agrawal was responsible for the company’s technical strategy, and oversaw machine learning and AI across the consumer, revenue and science teams. Before joining Twitter, Agrawal had stints at Microsoft, Yahoo and AT&amp;T in research roles. Dorsey described him as curious, probing, rational, creative, demanding, self-aware and humble. “The world is watching us right now, even more than they have before. Lots of people are going to have lots of different views and opinions about today’s news,” Agrawal said in a note he shared on Twitter right after the announcement from Dorsey. <div type="twitter" handle="paraga" handlename="Parag Agrawal" image="http://pbs.twimg.com/profile_images/1375285353146327052/y6jeByyD_normal.jpg" favoritecount="9360" retweetcount="2536" status="Deep gratitude for @jack and our entire team, and so much excitement for the future. Here’s the note I sent to the… https://t.co/1OzUfLC5KY" createdat="1638201579000" id="1465349749607854083"></div> The share price of Twitter jumped <a href="https://www.businessinsider.in/stock-market/news/twitter-market-value-jumps-more-than-4-billion-on-news-jack-dorsey-is-stepping-down-as-ceo/articleshow/87988509.cms">up nearly 5% </a>after Dorsey decided to step down as CEO. The stock has multiplied over 2.5 times since its listing in 2016 but the last year has been tough. Twitter’s shares had lost over 10% of their value at a time when the tech stocks were in a dizzying rally on Wall Street. From Sundar Pichai at Google’s parent Alphabet and Satya Nadella at Microsoft to Arvind Krishna leading IBM and Shantanu Narayen at Adobe, Parag Agrawal will be the latest in a long list of Indian-origin CEOs leading some of the <a href="https://www.businessinsider.in/business/startups/news/indian-americans-behind-some-of-the-most-popular-startups-and-technology-firms-in-the-us/slidelist/81884255.cms">world’s top tech companies</a>. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/mobile/news/motorola-launches-moto-g31-smartphone-with-oled-display-starting-at-12999/articleshow/87981010.cms">Motorola launches 'Moto G31' smartphone with OLED display starting at ₹12,999</a>

Meet Parag Agrawal, the IIT-Bombay grad who is taking over from Jack Dorsey at Twitter

<ul><li><keyword id="364027" type="General" weightage="80" keywordseo="musk" source="Orion">Musk</keyword> fires Indian-origin CEO Agrawal, and other top executives.</li><li>Fired <keyword id="6354616" type="General" weightage="20" keywordseo="twitter" source="Orion">Twitter</keyword> CEO Parag Agarwal takes home $38.7 million as a payout.</li><li>Former Twitter CEO <keyword id="3115373" type="General" weightage="50" keywordseo="parag-agrawal" source="Orion">Parag Agrawal</keyword>, a BTech in Computer Science Engineering from IIT Bombay, was behind Twitter's pursuit of Blockchain and other decentralised technologies.</li></ul> Former Indian-origin Twitter CEO Parag Agrawal, who continued to do his job to change the platform for better "despite the noise" coming from <keyword id="6355315" type="General" weightage="50" keywordseo="elon-musk" source="Orion">Elon Musk</keyword>, never put his foot down against the Tesla CEO. Agrawal, who took over from Jack Dorsey in November last year and has now been sacked by Musk, had said that he took the job to change Twitter for the better, "course correct where we need to, and strengthen the service". "Proud of our people who continue to do the work with focus and urgency despite the noise," he had tweeted in April. Recently, a treasure trove of texts exchanged between Musk and Agrawal was leaked in the public domain. Musk told Agrawal that he does not want to be a boss, to which Agrawal replied that the Tesla CEO should also treat him like an engineer instead of a CEO. "Frankly, I hate doing mgmt stuff. I kinda don't think I should be the boss of anyone. But I love helping solve technical/product design problems," Musk told Agrawal. "Treat me like an engineer instead of a CEO," Agrawal replied. Musk told him that he has tons of ideas, but "I just want Twitter to be maximum amazing". "I would like to understand the technical details of the Twitter codebase. This will help me calibrate the dumbness of my suggestions," he wrote to Agrawal. "I used to be CTO and have been in our codebase for a long time. So I can answer many, many of your questions," Agrawal replied. Agrawal told Musk that he is free to tweet "is Twitter dying?" or anything else about Twitter "but it's my responsibility to tell you that it's not helping me make Twitter better in the current context". "Next time we speak, I'd like to provide you with a perspective on the level of internal distraction right now and how it is hurting our ability to do work. I would like the company to get to a place where we are more resilient and don't get distracted, but we aren't there right now," a defiant Agrawal told the Tesla CEO. Biz Stone, Co-founder of Twitter, posted on Friday: "Thank you @paraga, @vijaya and @nedsegal for the collective contribution to Twitter. Massive talents, all, and beautiful humans each!" With taking over, Musk has fired Agrawal, Chief Financial Officer Ned Segal and the company's policy chief Vijaya Gadde, among other senior executives at twitter. Agrawal, a BTech in Computer Science Engineering from IIT Bombay, was behind Twitter's pursuit of Blockchain and other decentralised technologies. He studied in Mumbai between 2001 and 2005 and graduated in B.Tech in the department of Computer Science &amp; Engineering. "Congratulations to our alumnus Dr Parag Agrawal for being appointed the new CEO of Twitter. Dr. Agrawal obtained his B.Tech degree in Computer Science and Engineering from IIT Bombay in 2005. He started working at Twitter in 2011 &amp; became the CTO in 2017," tweeted IIT-B. Agrawal was born in Mumbai to a Department of Atomic Energy (DAE), officer, and a schoolteacher. He studied at the Atomic Energy Central School Number. 4, at Anushakti Nagar, north-east Mumbai. His schoolmate was Shreya Ghoshal, a well-known playback singer. Since joining Twitter in 2011, Agarwal has led efforts on scaling Twitter Ads systems, as well as re-accelerating user growth by improving home timeline relevance. Vineeta Agarwala, a general partner at a California-based VC firm Andreessen Horowitz (a16z), is Agrawal's wife. They have a son. Prior to joining a16z, Vineeta held many different roles in the healthcare space. She was a physician taking care of patients, an operator at healthtech startups and as a venture investor on the Google Ventures life sciences team. She was an early data scientist at Kyruus, a management consultant for biotech, pharmaceutical, and medical device clients at McKinsey &amp; Co; and a director of product management at Flatiron Health. SEE ALSO: <a href="https://www.businessinsider.in/defense/news/defense-expo-2022-a-big-step-towards-self-reliance-in-defense-with-a-new-tank-gun-system-and-more/articleshow/95006121.cms">Defense Expo 2022: A big step towards self-reliance in defense with a new tank, gun system, and more</a> <a href="https://www.businessinsider.in/defense/news/made-in-india-lightweight-combat-helicopter/articleshow/94613836.cms">Here’s everything you need to know about the made-in-India lightweight combat helicopter</a>

Former Indian-origin Twitter CEO Parag Agrawal never put his foot down against Musk on Twitter

<ul><li><keyword id="6355315" type="General" weightage="50" keywordseo="elon-musk" source="Orion">Elon Musk</keyword> fires <keyword id="6354616" type="General" weightage="20" keywordseo="twitter" source="Orion">Twitter</keyword> CEO <keyword id="3115373" type="General" weightage="50" keywordseo="parag-agrawal" source="Orion">Parag Agrawal</keyword> post the $44 billion takeover of the social media platform. </li><li>The former Twitter CEO <keyword id="12857" type="General" weightage="100" keywordseo="agrawal" source="Orion">Agrawal</keyword> will walk away with $42 million, according to reports. </li><li>Twitter's top executives stand to make a total of $88 million after being fired. </li><li>Agarwal has been trending on Twitter as Indians went berserk with memes and more. </li></ul>The world’s richest man Elon <keyword id="364027" type="General" weightage="80" keywordseo="musk" source="Orion">Musk</keyword> entered the Twitter headquarters in San Francisco with a grin and a sink in his hand. ‘Entering Twitter HQ- let that sink in!’, he posted with a <a href="https://twitter.com/elonmusk/status/1585341984679469056?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1585341984679469056%7Ctwgr%5E4935e9f4207869cc4775bf91ae6e5ce0e0d02077%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fnypost.com%2F2022%2F10%2F27%2Fhow-elon-musk-should-shape-twitter-sans-the-sink%2F">video</a> on Thursday. His first order of business post the $44 billion takeover was<a href="https://www.businessinsider.in/tech/news/musk-is-now-twitter-boss-fires-indian-origin-ceo-agrawal-other-top-execs/articleshow/95134427.cms"> firing </a>Twitter’s top four executives. Among those fired was Indian-origin CEO Parag Agrawal, who had taken over the job last November after the resignation of Twitter founder <keyword id="265395" type="General" weightage="20" keywordseo="jack-dorsey" source="Orion">Jack Dorsey</keyword>. A bitter battle The 38-year-old Indian-American Agrawal joined Twitter as a software engineer in 2011 and was elevated as its chief technology officer in 2017. Hailing from Maharashtra and an alumni of IIT Bombay, he completed his doctorate in Computer Science from Stanford University. He was also responsible for leading <keyword id="15370429" type="General" weightage="50" keywordseo="project-bluesky" source="Orion">Project Bluesky</keyword>, an independent Twitter-funded company working on creating a decentralised social network. As Twitter CEO, Agrawal was the youngest CEO heading a Standard and Poor’s (S&amp;P) 500 <a href="https://www.business-standard.com/about/who-is-parag-agrawal#collapse">company</a>. During his brief tenure, he <a href="https://twitter.com/paraga">initiated</a> the launch of Twitter edit button on the platform’s premium version Twitter Blue, added context notes on tweets and also completed the transition for controlling mentions on Twitter via Twitter Safety. Musk entered the picture in April when he made the initial buy-out offer for Twitter. Twitter account<a href="https://twitter.com/TechEmails/status/1585804674170355712"> Internal Tech Emails</a> on Friday put out a series of messages <a href="https://economictimes.indiatimes.com/tech/technology/a-series-of-chats-that-possibly-sealed-the-fate-of-twitters-ex-ceo-parag-agrawal/articleshow/95134287.cms?from=mdr">reportedly</a> exchanged between Agrawal and Musk – these show that although the two started off in agreement with each other, the relationship soured quickly. After Musk tweeted - “Is Twitter dying?” Agrawal reportedly messaged Musk – “You are free to tweet 'Is Twitter dying?' or anything else about Twitter - but it is my responsibility to tell you that it's not making Twitter better in the current context.” In a separate set of messages, Musk reportedly told Dorsey –"You and I are in complete agreement. Parag is just moving far too slowly and trying to please people who will not be happy no matter what he does." Agrawal’s fate at a Musk-owned Twitter was sealed. A freed bird and a win-win The Twitter takeover was a tale of much uncertainty and bad blood. Musk finally ended the guessing game by taking over Twitter and tweeted on Friday, ‘The bird is freed’. Musk also took to Twitter to explain his stance in an <a href="https://twitter.com/elonmusk/status/1585619322239561728?t=CnegIVx6OGazJdfG55Eb0g&amp;s=19">open letter</a> addressed to ‘Dear Twitter advertisers’. He said he would prevent Twitter from becoming a ‘free-for-all hellscape’ and build a ‘common digital town square.’ And as far as Agrawal is concerned, all is not lost. The former CEO will take home $42 million including his salary and equity awards, as reported by <a href="https://www.hindustantimes.com/world-news/parag-agrawal-likely-to-receive-42-million-following-exit-from-twitter-report-101666923071559.html">Reuters</a>. His salary was reported to be $1 million annually. Twitter's top executives stand to make a total of $88 million between them even after getting fired, according to <a href="https://www.businessinsider.in/tech/news/sometimes-it-pays-to-get-fired-twitters-top-executives-stand-to-make-a-total-of-88-million-between-them-if-elon-musk-ousts-them-heres-the-payday-for-each-executive-/articleshow/95132479.cms">Business Insider</a>. Agrawal gets the twitterati going Agrawal may have left Twitter but the Twitterati made him trend. There was a flurry of reactions from Twitterati, especially Indians who saw Agrawal as one of their own, holding the top position in one of the world’s most powerful social media platforms. The top trending hashtags in India were #ParagAgrawal #Twittertakeover #ElonMusk #TwitterHQ. Agrawal was variously celebrated, criticised, made fun of and given the ultimate social media compliment – of being memefied. Here is a look at some of the top messages about Agrawal on social media. Many took to Twitter to take a light dig at Indian parents’ long obsession with government jobs – “Doesn't matter if you are CEO of a giant social media platform. The job security will only be in Government jobs” said one user. <div type="twitter" handle="manglamiam" handlename="manglam Tiwari" image="http://pbs.twimg.com/profile_images/1148261933902000130/prif_qw7_normal.jpg" favoritecount="3453" retweetcount="455" status="Doesn't matter if you are CEO of a gaint social media platform. The job security will only be in Government jobs.… https://t.co/So8m4R9cLy" createdat="1666928142000" id="1585837687197798401"></div> Some took a dig at Agrawal, saying ‘Parag was aggressively against free speech.’ <div type="twitter" handle="JonathanTurley" handlename="Jonathan Turley" image="http://pbs.twimg.com/profile_images/1239360959447289856/Cf7PTo5z_normal.jpg" favoritecount="7504" retweetcount="1957" status="The departure of former CEO Parag Agrawal is a singular advance for free speech. https://t.co/aAQpqZIU2v Agrawal w… https://t.co/RQfTSFQQv2" createdat="1666919186000" id="1585800121727393792"></div> Others punned on the Agrawal name – a photo of a shop – Aggarwal sweets was accompanied by the message –‘<a href="https://twitter.com/hashtag/ParagAgrawal?src=hashtag_click">#ParagAgrawal</a> is back with a bang in front of Twitter HQ.’ <div type="twitter" handle="AtrijKasera" handlename="Atrij Kasera" image="http://pbs.twimg.com/profile_images/1458294608572477444/viBY4h3N_normal.jpg" favoritecount="2036" retweetcount="244" status="#ParagAgrawal is back with a bang in front of Twitter HQ https://t.co/U2h1ftSQqL" createdat="1666927729000" id="1585835953238642688"></div> An account celebrated the rising power of India and <keyword id="221875" type="General" weightage="50" keywordseo="rishi-sunak" source="Orion">Rishi Sunak</keyword> tweeting, ‘It shows that Indian domination continues in all fields’. <div type="twitter" handle="iamKLVR" handlename="Kopparapu's" image="http://pbs.twimg.com/profile_images/1533296705487052801/ZAn9Evv4_normal.jpg" favoritecount="189" retweetcount="21" status="#RishiSunak,#ParagAgrawal One Indian took the control of the nation...Other Indian lost the hold on popular socia… https://t.co/en1YOPRYvg" createdat="1666925985000" id="1585828639093899269"></div> A few even anticipated the return of former US president Donald Trump on the platform saying ‘Welcome Back Trump’– he was banned from the social media app two years ago on account of inciting riots in the Capitol Hill. <div type="twitter" handle="liberandujivi" handlename="मजलबी (sickular)" image="http://pbs.twimg.com/profile_images/1571081807197519872/WU9QROqJ_normal.jpg" favoritecount="237" retweetcount="29" status="@disclosetv It was just a meme. Ha ha ha ha. Welcome back Trump 🎉🎉. #TwitterTakeover #ELONMUSK #ParagAgrawal https://t.co/FKcKlWz8G4" createdat="1666925981000" id="1585828624359620608"></div> Even Trump-endorsed candidate for Arizona Kari Lake offered a shift of headquarters to Musk. ‘DM me and we’ll work it out!’ she said. <div type="twitter" handle="KariLake" handlename="Kari Lake" image="http://pbs.twimg.com/profile_images/1560073130822885378/55oLUgB0_normal.jpg" favoritecount="18035" retweetcount="2965" status="Hey @elonmusk — you have an open invitation to move @Twitter HQ to ArizonaDM me and we’ll work it out!" createdat="1666929053000" id="1585841505989627905"></div> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/the-growth-story-behind-half-a-billion-dollar-bets-on-regional-indian-spice-makers/articleshow/95139637.cms">The growth story behind half a billion dollar bets on 'regional' Indian spice makers</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/entertainment/news/creepy-chandler-matthew-perry-had-a-crush-on-all-female-friends-co-stars/articleshow/95139802.cms">Creepy Chandler: Matthew Perry had a crush on all female Friends co-stars</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/parag-agrawals-11-month-tenure-as-twitter-ceo-was-challenging-and-chaotic/articleshow/95138844.cms">Parag Agrawal's 11-month tenure as Twitter CEO was challenging and chaotic</a>

Elon Musk fires Twitter CEO Parag Agrawal and sets the Twitterati on fire

<ul><li><keyword id="6355315" type="General" weightage="80" keywordseo="elon-musk" source="Orion">Elon Musk</keyword> has said the $44 billion Twitter acquisition deal cannot move forward until the company proves its claims about spam accounts.</li><li>He has asked <keyword id="3115373" type="General" weightage="50" keywordseo="parag-agrawal" source="Orion">Parag Agrawal</keyword> to publicly prove spam accounts represent less than 5% of its active users.</li><li>He has shared a report which claims that spam users could be as high as 20% of active Twitter users.</li></ul><keyword id="107096" type="General" weightage="50" keywordseo="tesla" source="Orion">Tesla</keyword> cofounder Elon <keyword id="364027" type="General" weightage="100" keywordseo="musk" source="Orion">Musk</keyword> has announced that his $44 billion Twitter acquisition deal cannot move forward until Twitter chief executive officer Parag Agrawal publicly proves the company’s claim that spam accounts represent less than 5% of its monetizable monthly daily active users. Musk has shared a report that claims that the Tesla cofounder during a tech conference in Miami said that 20% users on Twitter are spam or fake accounts. Musk in his <a href="https://twitter.com/elonmusk/status/1526465624326782976">tweet</a> has said, “20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher. My offer was based on Twitter’s <keyword id="6362470" type="General" weightage="50" keywordseo="sec" source="Orion">SEC</keyword> filings being accurate. Yesterday, Twitter’s CEO publicly refused to show proof of &lt;5%. This deal cannot move forward until he does.” This development comes soon after Agrawal in a twitter thread claimed that the company suspends half a million spam accounts every day and it stands by its less than 5% number, while claiming that it is not possible to share the information required to calculate the spam accounts publicly. Musk replied to Agarwal’s tweets with a “smiling poop” emoji, which has received over 46,000 likes so far. Further, Musk asked Agrawal if there is no public proof about the platform’s spam accounts, “how do advertisers know what they’re getting for their money? This is fundamental to the financial health of Twitter.” Responding to Andrea Stroppa, a researcher, Musk said that Twitter should welcome external validation if its claims about spam accounts on its platform are true. Earlier this month, Musk had<a href="https://www.businessinsider.in/tech/news/elon-musk-puts-44-billion-twitter-deal-on-hold-over-fake-accounts/articleshow/91540983.cms"> announced</a> that his $44 billion acquisition of social media giant has been put on hold. The Tesla cofounder revealed that the deal has been put on hold pending an investigation on fake users. At the moment, it looks like the deal may end up being shelved or closed at a reduced price as Twitter is unlikely to reveal the calculation publicly. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/twitter-chief-says-the-company-suspends-over-half-a-million-spam-accounts-each-day-as-elon-musk-puts-his-acquisition-deal-on-hold/articleshow/91609899.cms">Twitter chief says the company suspends over half a million spam accounts each day as Elon Musk puts his acquisition deal on hold</a> <a href="https://www.businessinsider.in/tech/news/elon-musk-said-repricing-his-twitter-deal-for-less-is-not-out-of-the-question-according-to-report/articleshow/91606428.cms">Elon Musk said repricing his Twitter deal for less is 'not out of the question,' according to report</a> <a href="https://www.businessinsider.in/tech/news/elon-musk-says-we-cant-let-humankind-end-in-adult-diapers-and-that-the-environment-would-be-fine-if-we-doubled-our-population/articleshow/91613793.cms">Elon Musk says we can't let humankind end in 'adult diapers' and that the environment would be fine if we doubled our population</a>

Elon Musk says Twitter deal cannot move forward until Parag Agrawal proves less than 5% spam account claim

<ul><li>From talking about shadowbanning to calling out Twitter for its 'manipulative' algorithm, Tesla CEO <keyword id="6355315" type="General" weightage="50" keywordseo="elon-musk" source="Orion">Elon Musk</keyword> has revealed quite a few loopholes in Twitter's algorithm.</li><li>If <keyword id="364027" type="General" weightage="100" keywordseo="musk" source="Orion">Musk</keyword> backs out now, the social media platform Twitter will never be the same.</li><li>With Musk putting the spotlight on Twitter’s weaknesses, users are also questioning its credibility as a platform.</li><li>So, if Musk abandons, the platform will have to focus more on damage control, and improve its algorithm.</li><li>Here’s what brand and public communication experts have to say about it.</li></ul>Weeks after Tesla CEO Elon Musk <a href="https://www.businessinsider.in/tech/news/elon-musk-to-buy-twitter-for-44-billion/articleshow/91083311.cms">announced </a>publicly that he is planning to buy the micro-blogging platform Twitter, there are signs that he might be hesitating now. On Tuesday, Musk tweeted that his proposed <a href="https://www.businessinsider.com/elon-musk-twitter-deal-could-crumble-tesla-stock-420-2022-5?r=US&amp;IR=T">$44 billion buyout</a> is on hold now. He is waiting for Twitter to provide more information on the number of spam accounts that exist on the platform. Should the platform fail to provide proof it has fewer than 5% fake accounts, the deal might fall through. "My offer was based on Twitter's SEC (Securities and Exchange Commission) filings being accurate," Musk <a href="https://twitter.com/elonmusk/status/1526465624326782976">tweeted</a>. He added that the number of fake/<a href="https://www.businessinsider.in/international/news/more-than-70-of-elon-musks-twitter-followers-are-spam-or-fake-accounts-research-groups-say/articleshow/91633318.cms" data-type="tilCustomLink">spam </a>accounts on Twitter could be more than 20%. Musk <a href="https://www.latimes.com/business/technology/story/2022-05-16/elon-musk-hints-at-negotiating-down-price-on-twitter-purchase">hinting </a>at negotiating a lower price is another sign that he may be getting cold feet. The billionaire had offered $54.20 a share but the stock was trading at around $37 on <a href="https://nypost.com/2022/05/16/longtime-elon-musk-backer-says-twitter-deal-will-close-at-lower-price/">May 16, 2022</a>. Musk didn’t just call out Twitter for underreporting its spam accounts. Since he announced his intentions to buy Twitter, Musk seems to be taking an aim at the platform’s algorithm and has revealed quite a few loopholes in Twitter's overall modus operandi. Musk indicated the default Twitter feed, which shows tweets based on popularity and users’ interests, needed to be replaced and is ‘manipulative.’ "You are being manipulated by the algorithm in ways you don't realise," Musk tweeted. He later <a href="https://twitter.com/elonmusk/status/1525738556102164480?s=20&amp;t=SP0BSSwCfQeu4qi5dyX-Ng">clarified </a>that he wasn’t suggesting malice in the algorithm but it ‘inadvertently manipulates/amplifies your viewpoints’ without informing the user. Shortly later, he warned the users of "potential bugs" in Twitter’s code. In the past, Musk has also casually joked about <a href="https://www.businessinsider.in/tech/news/social-media-platforms-deny-but-content-creators-and-tracking-websites-confirm-that-shadowbanning-or-silent-censorship-is-real/articleshow/91589975.cms">shadowbanning</a>, which is the secret censorship of a person, community or a topic on social media, confirming that it is real. <cmsannotation type="cmsannotation" annotationid="If Musk abandons, here’s what it’d mean for Twitter and how it can win its credibility back" text="If Musk abandons, here’s what it’d mean for Twitter and how it can win its credibility back">If Musk abandons, here’s what it’d mean for Twitter and how it can win its credibility back</cmsannotation> If Musk backs out now, after bringing several issues at Twitter to the limelight, the micro-blogging platform will never be the same. “His pointing to fake users and bots, will force Twitter to clean up its user base, that may be a setback in the short term but will make the platform far more credible over time,” says Lloyd Mathias, business strategist and independent director. Mathias added that Twitter might benefit from his exit after all. “If he does back out, it may seem like a setback, but I think Twitter could benefit from him opening up the possibility of a series of new monetizing opportunities and enable its move from being purely advertising dependent. There is little doubt that he has changed how people and investors see Twitter, before his current engagement.” Independent communications consultant and social media expert Karthik Srinivasan says, “Twitter had its share of issues and controversies long before Musk brought them to the limelight through the proposed acquisition. Facebook has seen a lot more such controversies and yet, they are chugging along fine.” From breaching users’ privacy concerns to manipulating election results, all social media platforms have had their credibility questioned. However, after Musk and Parag Agarwal’s public feud, there has been a constant reminder of these shortcomings. “The moment any social media platform becomes all too powerful and has the ability to influence global politics, sway election outcomes, distort public opinion, misrepresent facts and tamper with news feeds, there are immediate concerns about credibility and their role in society. These concerns have always been there in the background and have once again resurfaced, only this time, they are a lot more stronger and corporates cannot suppress or subvert the narrative,” says founder and CEO of communications and PR agency Communicate India, Akshaara Lalwani. If the deal falls through, Twitter will have to pick up the pieces and change the narrative — shift the spotlight from its weaknesses to strengths. Suggesting the best way out of this potential crisis, Tarunjeet Rattan, managing partner of public relations and communications agency Nucleus PR, says, “Crisis management is often not about the crisis itself but how you react to it and the narrative you can replace it with. Every crisis is an opportunity for you to take center stage. The spotlight is on you. Now, what you say in that spotlight can change the whole narrative. Apart from all the statements and clarifications they issue which should adopt a non-emotional matter-of-fact tone, Twitter can use its own platform to repair any cracks in its reputation.” Should the billionaire back out, Twitter can use the opportunity to address and set some fundamentals right, says Mathias, and also examine some of the monetisation opportunities that Musk has hinted at. <cmsannotation type="cmsannotation" annotationid="Can Elon Musk back out now?" text="Can Elon Musk back out now?">Can Elon Musk back out now?</cmsannotation> Well, not easily, as both parties have signed an agreement that gives Twitter more power. It gives the platform the right to sue Musk to follow through with the deal, a legal clause known as “<a href="https://www.businessinsider.in/tech/news/twitter-says-its-committed-to-enforcing-elon-musks-44-billion-buyout-deal-even-as-he-appears-to-hesitate/articleshow/91632012.cms">specific performance.</a>” If either party backs out, they would have to pay $1 billion as a termination fee. Paying $1 billion for a man who has agreed to pay $44 billion to buy Twitter and whose net worth is $230 billion, may not be a big deal. However, it won’t be as simple as paying his way out of it. Twitter is committed to <a href="https://www.businessinsider.in/tech/news/twitter-says-its-committed-to-enforcing-elon-musks-44-billion-buyout-deal-even-as-he-appears-to-hesitate/articleshow/91632012.cms">enforcing </a>Musk’s $44 billion buyout and is seemingly willing to sue for specific performance. Through a lawsuit, Twitter can get Musk to close the deal if there's already financing in place and all conditions are met. If Musk still walks out by settling the lawsuit and paying the termination fees, the microblogging platform will have nothing to worry about -- as far as its brand image and users’ trust is concerned. Srinivasan says, “I'd think that if Musk backs off, it’d be perhaps a great moment for Twitter to start thinking afresh, in terms of reconstituting its board and look at ways to do things differently.”

What would happen to Twitter if Elon Musk backs out now?

<keyword id="15368544" type="General" weightage="20" keywordseo="nhais-infrastructure-investment-trust" source="Orion">NHAI's Infrastructure Investment Trust</keyword> (InvIT) <keyword id="6355663" type="General" weightage="20" keywordseo="non-convertible-debentures" source="Orion">Non-Convertible Debentures</keyword> was listed on the <keyword id="43628" type="General" weightage="20" keywordseo="bombay-stock-exchange" source="Orion">Bombay Stock Exchange</keyword> on Friday. Union Minister of Road Transport and Highway Nitin Gadkari on Friday said, "Today is a historic day and I feel very happy that we could finally give the Retail Investors (retired citizens, salaried individuals, small and medium business owners) an opportunity to participate in the Nation-Building activity. The minimum investment slab is just Rs 10,000." Gadkari informed that 25 per cent of NCDs has been reserved for Retail Investors. "The listing of InvIT NCDs on Bombay Stock Exchange is historic as it marks the new dawn for People's Participation (Jan-Bhagidaari) in Infra Funding. We have reserved 25 per cent of NCDs for Retail Investors. The round 2 of InvIT has been oversubscribed almost 7 times in just 7 hours of its opening. It offers an effective yield of 8.05 per cent per annum with highest credibility." Huge investments in infrastructure, especially roads, are crucial to the socio-economic development of our country, the minister said. "InvIT Bonds are a great opportunity to realize PM Narendra Modi Ji's vision of #AatmanirbharBharat. Huge investments in infrastructure, especially roads, are crucial to the socio-economic development of our country &amp; I'm confident that more retail investors will take part in next rounds and gradually overtake institutional investors," he added. Earlier, the Ministry had said that the second round of InvIT has been oversubscribed almost 5 times in 10% of the scheduled tenure. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/fired-twitter-ceo-parag-agarwal-takes-home-38-7-million-as-payout/articleshow/95137361.cms" style="">Fired Twitter CEO Parag Agarwal takes home $38.7 million as payout</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/walmart-netflix-partner-to-expand-hub-experience-to-more-viewers/articleshow/95136485.cms" style="">Walmart, Netflix partner to expand Hub experience to more viewers</a>

NHAI InvIT Non-Convertible Debentures listed on BSE

<ul><li>The <keyword id="4792220" type="General" weightage="100" keywordseo="jiophone" source="Orion">JioPhone</keyword> 5G has the codename ‘Ganga.’</li><li>The device will help Jio to shift millions of 4G users to 5G at the pan India level.</li><li>JioPhone 5G could feature Snapdragon 480 chipset, 4GB RAM, and a 13MP dual rear camera setup.</li></ul>The 5G launch is approaching as the spectrum auction has been successfully concluded. <keyword id="6354504" type="General" weightage="20" keywordseo="reliance-jio" source="Orion">Reliance Jio</keyword> has emerged as the largest spender in the first-ever 5G spectrum by acquiring nearly half of all the airwaves for ₹88,078 crores. Since the launch of the 5G is close, the specifications of the JioPhone 5G have surfaced again by reliable analyst and leaker, <a href="https://twitter.com/Za_Raczke?s=20&amp;t=q4DOc04mVV2K1t5gUPfzKw">Kuba Wojciechowski</a>. New leaks suggest that the JioPhone 5G will be affordable, but the exact figure is not available now. The leaked firmware suggests that the JioPhone 5G carries a model number LS1654QB5 and has a ‘Ganga’ codename. Moreover, it is confirmed that the device will run on Snapdragon 480 chipset and will feature a 13MP camera. In 2021, Reliance Jio partnered with Google to launch an Android-powered smartphone at ₹4,499 to shift hundreds of millions of 2G and 3G users to 4G. We could see a similar revolution with aggressive 5G pricing. <cmsannotation type="cmsannotation" annotationid="JioPhone 5G specifications" comment="subhead" text="JioPhone 5G specifications">JioPhone 5G specifications </cmsannotation> The upcoming JioPhone 5G could feature a 6.5-inch HD+ LCD panel with a maximum refresh rate of 90Hz. Under the hood, it will have Snapdragon 480 chipset coupled with 4GB LPDDR4X RAM and Android 12 OS. Coming to storage and memory, the JioPhone 5G will reportedly have at least 32GB of storage. The JioPhone 5G will come with a dual rear camera setup, 13MP primary and 2MP macro, and LED flash. The device will have an 8MP camera to handle selfies on the front. Coming to the battery, JioPhone 5G will pack a 5000mAh battery with quick charging capabilities. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/report-reveals-7-in-10-cyber-security-professionals-are-losing-against-hackers-organisations-report-a-10-revenue-loss/articleshow/94473568.cms">Report reveals 7 in 10 cyber-security professionals are losing against hackers, organisations report a 10% revenue loss</a> <a href="https://www.businessinsider.in/tech/enterprise/news/elon-musk-and-twitter-ceo-parag-agarwal-escaped-questioning-ahead-of-trial/articleshow/94472318.cms">Elon Musk and Twitter CEO Parag Agarwal escaped questioning ahead of trial</a>

Specifications of JioPhone 5G with codename 'Ganga' leaked - check all details here

<ul><li>On Monday, Gunjan Patidar, Zomato’s co-founder and chief technology officer tendered his resignation.</li><li><keyword id="7349800" type="General" weightage="20" keywordseo="bharatpe" source="Orion">BharatPe</keyword>’s CEO Suhail Sameer has quit the top job to become its strategic advisor.</li><li>There has been a lot of churn in new-age companies like Nykaa, and also big techs like Meta India, WhatsApp Pay, Amazon India and more.</li></ul>New age companies in India have been hit by a flurry of exits by top executives, leaving them scurrying for replacements. This comes at a time when startups have been battling funding winter and elevated inflation, in a rising interest rate regime. BharatPe, a fintech is amongst those with multiple high profile exits, including its co-founder and former managing director Ashneer Grover, along with his wife Madhuri Jain Grover – who not only had to leave the company, but were also sued by BharatPe in December 2022 for ₹88.6 crore. The company alleged that both husband and wife engaged in misappropriation of funds including creating fake bills, enlisting fictitious vendors and so on. Adding to BharatPe’s woes is the <a href="https://www.businessinsider.in/business/startups/news/bharatpe-ceo-suhail-sameer-to-step-down-five-months-after-taking-over/articleshow/96703750.cms">departure</a> of its CEO Suhail Sameer on January 3. Sameer took over as the company’s CEO in August 2021, a year after being appointed as the company’s president. He will now serve as a strategic advisor starting January 7, 2023. Before Sameer, BharatPe witnessed the departure of four other high level executives last November. This includes Nehul Malhotra, head of PostPe which is BharatPe’s ‘Buy Now Pay Later’ arm. The others were the CTO Vijay Aggarwal; Rajat Jain, the chief product officer; and Geetanshu Singla, VP of technology. They moved on to pursue their own entrepreneurial passions, the company had then said in a statement. Zomato rocked by multiple top level exits, too Sameer’s resignation comes hours after Gunjan Patidar, Zomato’s co-founder and chief technology officer, tendered his resignation. Patidar was one of the first few employees of Zomato who built the core tech systems of the company. “Over the last ten plus years, he (Patidar) also nurtured a stellar tech leadership team that is capable of taking on the mantle of leading the tech function going forward. His contribution to building Zomato has been invaluable,” said the company. Patidar’s exit is the third high-level exit at the food delivery giant in two months. In November last year, another one of Zomato’s co-founders Mohit Gupta tendered his resignation. Its head of new initiatives Rahul Ganjoo; and Siddharth Jhawar, vice-president of global growth also quit in the same month. The list goes on as in September 2022, Zomato’s deputy CFO Nitin Savara also tendered his resignation. The company has been bleeding money and it reported a consolidated loss of ₹251 crore in Q2 FY23. New age companies’ top heads move in and out of big tech companies There is a lot of churn among top executives of new-age tech companies as well as big techs. Online beauty retailer Nykaa’s CFO Arvind Agarwal, who had been with the company through its IPO, quit and joined fintech major PayU as its India CFO, this November. On the other hand, new-age companies have also been able to attract executives from major companies into their fold as well. Case in point is Sugar Cosmetics who brought in Amit Aggarwal, Marico’s head of finance of its India business, as its CFO. Adding to it, Amazon India’s director of grocery, food and health Sameer Khetarpal resigned and moved to Jubilant FoodWorks as CEO, a franchisee that runs Domino’s Pizza, Dunkin Donuts outlets in India. Meta India country head Ajit Mohan tendered his resignation in November 2022, to join rival Snap as the President of Asia Pacific. Following this, WhatsApp India’s head Abhijit Bose and Meta India’s public policy head Rajiv Aggarwal also resigned. The latter joined Samsung India. WhatsApp Pay’s director and head Manesh Mahatme also left his position in September to join Amazon India as director, product and engineering. Last but not the least, another shocking exit was of Parag Agarwal, former CEO of Twitter who was fired by Elon Musk in October, a year after he was appointed for the position. Soon after his ouster, Agrawal changed his LinkedIn bio to “Not the CEO you are looking for”. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/radiant-cash-management-shares-debut-at-a-10-premium-after-company-reduces-ipo-size/articleshow/96727374.cms">Radiant Cash Management shares debut at a 10% premium after company reduces IPO size</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/entertainment/news/shark-tank-indias-season-2s-sharks-meet-the-serial-investors-cas-and-iit-and-iim-alumni/articleshow/96714262.cms">Shark Tank India’s Season 2’s sharks: Meet the serial investors, CAs, and IIT and IIM alumni</a>

Zomato, BharatPe, Nykaa and more: the revolving door for top execs at new age companies

Senior experts at the King George's Medical University (KGMU) have said that seven out of 10 patients suffering from <keyword id="6364453" type="General" weightage="20" keywordseo="cardiac-arrest" source="Orion">cardiac arrest</keyword> can be saved if they are given cardiopulmonary resuscitation (<keyword id="119746" type="General" weightage="20" keywordseo="cpr" source="Orion">CPR</keyword>) in time. <keyword id="15098084" type="General" weightage="20" keywordseo="professor-aditya-kapoor" source="Orion">Professor Aditya Kapoor</keyword>, head of cardiology department at the Sanjay Gandhi Postgraduate Institute of Medical Sciences (SGPGIMS), said: "A sudden interruption in electrical impulses causes the heart to stop beating. This condition is called SCA. As the heart stops supplying blood to the brain and other vital organs, the brain starts to die within three minutes. If the blood supply is not restored, patient's death is certain." He said that late President APJ Abdul Kalam could have been saved had someone in the audience at the Indian Institute of Management, Shillong, performed CPR when he suddenly collapsed while delivering a lecture. He said that the same thing happened in the case of actress Reema Lagoo. The doctor further said that sudden cardiac arrest (SCA), kills about two million people every year in India. "Besides, automated external defibrillator (AED) machines are available at public places, malls, and schools," he added. "SCA is different from <keyword id="6357661" type="General" weightage="20" keywordseo="heart-attack" source="Orion">heart attack</keyword>. In case of heart attack, circulation of blood in the heart stops due to blockage and patients experience chest pain, or discomfort that spreads to the shoulder, arm, back, neck, jaw, teeth or sometimes the upper belly. Besides cold sweat, fatigue, heartburn or indigestion and dizziness can also be symptoms. In SCA, patients collapse suddenly with no pulse and breathing." Professor Kapoor said SCA could occur to anyone, anywhere regardless of age, ethnicity, gender, or physical fitness. "People with genetic predisposition due to an unknown heart defect, diabetes, high blood pressure, obesity, and smoking, are prone to get it," he added. "Only CPR trained bystanders can save the life of an SCA patient outside hospital facility. CPR helps blood to reach the brain so it should be conducted till medical help arrives," the cardiologist said. He urged people to learn CPR added that hands-only CPR is as good as mouth-to-mouth CPR. He said SCA patients should be tapped on face and shoulders to check response. Thereafter, one should check pulse and breathing. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/health/news/heres-why-heart-problems-are-rising-among-young-indians/articleshow/94470756.cms">Here’s why heart problems are rising among young Indians</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/enterprise/news/elon-musk-and-twitter-ceo-parag-agarwal-escaped-questioning-ahead-of-trial/articleshow/94472318.cms">Elon Musk and Twitter CEO Parag Agarwal escaped questioning ahead of trial</a>

7 out of 10 cardiac patients can be saved with CPR: Experts

<ul><li>Star Health and Allied Insurance IPO has opened today and will close on December 2.</li><li>The health insurer’s IPO is looking to raise ₹7,249 crore through the public issue of shares.</li><li>The IPO consists of a fresh issue of shares worth ₹2,000 crore and an offer for sale of 5.83 crore shares by existing promoters and shareholders.</li><li>The company is fetching a premium of ₹10 over the upper price band of ₹900 in the grey market.</li></ul>Health insurance company Star Health and Allied Insurance, which is backed by marquee investors like Rakesh Jhunjhunwala and Westbridge Capital, has opened its initial public offering (IPO) today and will last till December 2. The company is looking to raise ₹7,249 crore through the public issue of shares. The price band of the IPO is ₹870-900 per share. The IPO consists of a fresh issue of shares worth ₹2,000 crore and an offer for sale of 5.83 crore shares by existing promoters and shareholders. Also, the company is fetching a premium of ₹10 over the upper price band of ₹900 in the grey market. Here are some of the important details of the IPO: <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Issue details </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;"> </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Price band </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹870 to ₹900 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO open date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">November 30 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO close date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 2 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Allotment date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 7 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Initiation of refunds </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 8 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Credit of shares to demat account </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 9 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO listing date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 10 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Minimum lot </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">16 </td></tr></tbody></table> While most analysts <a href="https://www.businessinsider.in/stock-market/news/star-health-ipo-is-asking-for-five-times-the-price-that-rakesh-jhunjhunwala-paid-in-2018/articleshow/87979818.cms">suggest subscribing to the IPO for the long term</a>, some are cautious about the high valuations. Angel One broking firm likes the price as it says the valuations appear fair considering its positioning. “Star Health stands out among other standalone health insurers in terms of size, strong growth rates and better operational performance which is reflected in pre-Covid numbers for the company. The valuations commanded by Star Health are in-line with recent deals in the segment and appear fair considering its positioning. Hence, we recommend ‘subscribe’ from a long-term perspective only,” said the broking firm. Rajnath Yadav from Choice broking firm thinks the IPO could have been cheaper. “At a higher price band of ₹900, Star Health is demanding a market cap-to-net premium earned multiple of 10.3 times, which is at premium to the peer average. Moreover, the demanded valuations are at elevated premium to recent capital issuance,” said the analyst The private health insurer has a market share of 15.8% in the Indian health insurance market as of financial year 2021. As of September 30, 2021, it has a distribution network of 779 health insurance branches spread across 25 states and 5 union territories in India. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/apps/news/meet-parag-agarwal-the-iit-bombay-grad-who-is-taking-over-from-jack-dorsey-at-twitter/articleshow/87989039.cms">Meet Parag Agarwal, the IIT Bombay grad who is taking over from Jack Dorsey at Twitter</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/star-health-ipo-is-asking-for-five-times-the-price-that-rakesh-jhunjhunwala-paid-in-2018/articleshow/87979818.cms">Star Health IPO is asking for five times the price that Rakesh Jhunjhunwala paid in 2018</a>

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