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Bollywood actor Rishi Kapoor passes away at 67 after long battle with leukemia

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Veteran actor Rishi Kapoor died on Thursday morning, a day after he was admitted to a city hospital in Mumbai.

Veteran actor Rishi Kapoor died on Thursday morning, a day after he was admitted to Mumbai’s HN Reliance hospital by his family.

“Our dear Rishi Kapoor passed away peacefully at 8:45 am IST in hospital today after a two-year battle with leukemia. The doctors and medical staff at the hospital said he kept them entertained to the last,” the Kapoor family said in a message.

“He remained jovial and determined to live to the fullest right through two years of treatment across two continents. Family, friends, food and films remained his focus and everyone who met him during this time was amazed at how he did not let his illness get the better of him.He was grateful for the love of his fans that poured in from the world over. In his passing, they would all understand that he would like to be remembered with a smile and not with tears.In this hour of personal loss, we also recognise the world is going through a very difficult and troubled time. There are numerous restrictions around movement and gathering in public. We would like to request all his fans and well-wishers and friends of the family to please respect the laws that are in force.He would not have it any other way,” it added.

Earlier, Bollywood actor Amitabh Bachchan had shared a post on Twitter about his co-star, confirming his death.

Rishi Kapoor had returned to India last September after undergoing treatment for cancer in the US for almost a year. In February, Kapoor was hospitalised twice due to his health issues.

He was first admitted to a hospital in Delhi where he was attending a family function. At the time, Kapoor had said that he was suffering from an “infection”.

After his return to Mumbai, he was again admitted to a hospital with viral fever. He was discharged soon after.

Rishi Kapoor’s death comes a day after Bollywood actor Irrfan Khan died in Mumbai after a brief hospitalization. He was 53 and is survived by his wife Sutapa Sikdar and two children.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Irrfan Khan dies at 53; Amitabh Bachchan, Ajay Devgan, others mourn actor’s demise

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

At the age of 53, the talented actor breathed his last in Kokilaben Hospital, Mumbai, owing to a colon infection and is survived by his wife Sutapa Sikdar and two children.

Irrfan Khan passed away on Wednesday after brief hospitalisation. At the age of 53, the talented actor breathed his last in Kokilaben Hospital, Mumbai, owing to a colon infection.

The actor had been battling cancer since 2018 and his official spokesperson had confirmed on Tuesday that he was under doctor’s observation.

Irrfan is survived by his wife Sutapa and sons – Babil and Ayan.

Several actors and filmmakers expressed their anguish over the actor’s death on social media.

Amitabh Bachchan tweeted his condolence calling Irrfan an “incredible talent”.


Bollywood actor Ajay Devgan, filmmaker Shoojit Sircar and screenwriter Apurva Asrani also offered condolences on Twitter.


Here’s how other celebrities reacted to the heartbreaking news of Irrfan Khan’s death:

Irrfan Khan’s mother Saeeda Begum had died at the age of 95 on Saturday morning in Jaipur.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Bollywood actor Irrfan Khan dies at 53

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Bollywood actor Irrfan Khan has died in Mumbai after a brief hospitalisation. He was 54.

Bollywood actor Irrfan Khan has died in Mumbai after a brief hospitalisation. The cause of death was not immediately known.

He was 53 and is survived by his wife Sutapa Sikdar and two children.

Bollywood producer Shoojit Sircar was the first to tweet about Khan’s demise.

“My dear friend Irfaan. You fought and fought and fought. I will always be proud of you.. we shall meet again.. condolences to Sutapa and Babil.. you too fought, Sutapa you gave everything possible in this fight. Peace and Om shanti. Irfaan Khan salute,” Sircar wrote.

An official statement later released said:

“i trust, i have surrendered”; These were the some of the many words that Irrfan expressed in a heart felt note he wrote in 2018 opening up about his fight with cancer. And a man of few words and an actor of silent expressions with his deep eyes and his memorable actions on screen. It’s saddening that this day, we have to bring forward the news of him passing away. Irrfan was a strong soul, someone who fought till the very end and always inspired everyone who came close to him. After having been struck by lightning in 2018 with the news of a rare cancer, he took life soon after as it came and he fought the many battles that came with it. Surrounded by his love, his family for whom he most cared about, he left for heaven abode, leaving behind truly a legacy of his own. We all pray and hope that he is at peace. And to resonate and part with his words he had said, “As if I was tasting life for the first time, the magical side of it”.

In 2018, Khan was diagnosed with a neuroendocrine tumor, for which he underwent successful treatment.

A theatre actor who rose through the rungs — despite coming from a modest background — on the back of powerful performances, Irrfan is remembered for his roles in movies like Lunchbox and Maqbool, among others.

Celebrities expressed shock and grief at the sudden news of Khan’s passing.

“just getting news of the passing of Irfaan Khan .. this is a most disturbing and sad news..An incredible talent .. a gracious colleague .. a prolific contributor to the World of Cinema .. left us too soon .. creating a huge vacuum .. Prayers and duas,” Amitabh Bachchan tweeted.

“Saddened beyond measure by the passing of a human being I had never met, but who gladdened my heart and the hearts of millions with his incandescent talent. RIP,” wrote Shashi Tharoor.

Update: The copy has been updated to incorporate Irrfan Khan’s correct age.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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EROS Group Founder JR Sood passes away at 94

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

EROS Group mourns the demise of its Founder & Chairman Mr. JR Sood.

EROS Group mourns the demise of its Founder & Chairman Mr. JR Sood.

Shri J.R Sood, Founder & Chairman of the EROS Group, a family-owned business entity with a primary focus on Hospitality, Real Estate and Entertainment, passed away on Sunday at the age of 94. Born in Lahore, J.R Sood rose from humble beginnings & founded EROS Group in the year 1940.

He was instrumental in establishing EROS as one of the most trusted brands.

Raman Sood, Managing Director, EROS Group sharing the news about his father’s demise said, I had a privilege to have a great father; as a person, my father was hard-working, decisive, honest, persistent, upfront and a determined man, he was a real Do It Yourself person. He had passed down some of his traits on me. He will be deeply missed.

With special strength in and around Delhi and over 70 years of expertise and experience, EROS Group has created some of the most pioneering episodes of Real Estate Promotion and Town Planning. EROS Group boasts of premium properties like Shangri-La’s EROS Hotel – New Delhi, EROS Hotel – Nehru Place, New Delhi, Radisson BLU – Faridabad, Holiday Inn & Crown Plaza – Mayur Vihar, New Delhi.

The group has also developed marquee episodes in the Real Estate sector with prominent buildings like EROS Corporate Tower – Nehru Place, EROS City Square – Gurugram, EF3 Mall – Faridabad, EROS Corporate Park – Manesar alongside offering stunning & Premium Township in Charmwood, Faridabad few of which includes Rosewood & Lakewood City, EROS Garden etc.

J.R Sood’s legacy lives on through his children, grandchildren & great-grandchildren.

Disclaimer: The above press release comes under an arrangement with NewsVoir. PTI takes no editorial responsibility for the same.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Former GE Chairman and CEO Jack Welch dies at 84

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Jack Welch, the former chairman and CEO of General Electric (GE) died on March 2. He was 84. His wife Suzy made the announcement, CNBC.com reported. Welch, who was the son of a railroad conductor, led General Electric for around 20 years as its chairman and CEO. Under his leadership, GE’s market value grew to …

Jack Welch, the former chairman and CEO of General Electric (GE) died on March 2. He was 84. His wife Suzy made the announcement, CNBC.com reported.

Welch, who was the son of a railroad conductor, led General Electric for around 20 years as its chairman and CEO.

Under his leadership, GE’s market value grew to $410 billion from $12 billion and was once ranked the world’s second-most valuable firm.

Welch joined GE in 1960 as a chemical engineer and retired from the company in September 2001.

Welch – known as “Neutron Jack” for cutting thousands of jobs – bought and sold scores of businesses, expanding the industrial giant into financial services and consulting.

He was elected the company’s youngest vice president in 1972 and became vice chairman in 1979. In December 1980, it was announced that he would succeed CEO Reginald Jones and in April 1981 he took over as the company’s eight chairman and CEO.

GE saw great growth and expansion under Welch’s leadership. Through streamlining operations, acquiring new businesses and ensuring that each business under the GE umbrella was one of the best in its field, the company was able to expand dramatically from 1981 to 2001.

GE did not immediately respond to Reuters request for comment.

With inputs from Reuters.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Kirk Douglas, Hollywood’s tough guy on screen and off, dies at 103

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Douglas made more than 90 movies in a career that stretched across seven decades.

Kirk Douglas, the cleft-chinned movie star who fought gladiators, cowboys and boxers on the screen and the Hollywood establishment, died on Wednesday at the age of 103, his son Michael Douglas said.

“It is with tremendous sadness that my brothers and I announce that Kirk Douglas left us today at the age of 103,” Michael Douglas said in a statement to People magazine and on his Facebook page.

“To the world, he was a legend, an actor from the golden age of movies who lived well into his golden years, a humanitarian whose commitment to justice and the causes he believed in set a standard for all of us to aspire to,” Douglas added.

“Kirk’s life was well lived, and he leaves a legacy in film that will endure for generations to come, and a history as a renowned philanthropist who worked to aid the public and bring peace to the planet,” Michael added, saying he was “so proud” to be his father’s son.

Douglas made more than 90 movies in a career that stretched across seven decades and films such as “Spartacus” and “The Vikings” made him one of the biggest box-office stars of the 1950s and ’60s.

He also played a major role in breaking the Hollywood blacklist – actors, directors and writers who were shunned professionally because of links to the communist movement in the 1950s. Douglas said he was more proud of that than any film he made.

Tributes poured in from Hollywood. Actor and director Rob Reiner said on Twitter that Douglas “will always be an icon in the pantheon of Hollywood. He put himself on the line to break the blacklist.”

Mitzi Gaynor, who appeared with Douglas in the 1963 movie “For Love or Money,” said the film would “always hold a special place in my heart.”

“Thank you for so generously sharing your amazing talent with all of us,” Gaynor tweeted.

Danny DeVito called him an “inspirational Scallywag,” while Ed Asner tweeted “I will always be in your awe.”

A stroke in 1996 at age 80 left Douglas with slurred speech and damaged facial nerves. But two weeks later he showed his spirit by attending the Academy Awards ceremony to receive a Lifetime Achievement Award. He also continued to take small acting roles through 2008 but said the stroke left him suicidal.

“Humor saved me,” Douglas told Parade magazine in 2014. “At first, I thought my life was at an end. But when I put the gun in my mouth, it hit a tooth. Ow! And that struck me funny. A toothache was stopping me from committing suicide?”

In one of his last public appearances, Douglas was frail and barely audible in a wheelchair as he helped daughter-in-law Catherine Zeta-Jones present the Oscar for best screenplay in January 2018. In November of that year he joined his son Michael as the younger Douglas was honoured with a star on the Hollywood Walk of Fame.

Douglas had a distinctive chin, razor-sharp cheekbones and a jutting jaw – looks that he passed along to Michael – and that made him a natural for playing all manner of rugged characters.

He also had a demanding nature that earned him a reputation in his prime as the actor who directed directors. Long-time friend and sometime co-star Burt Lancaster loved to introduce him by saying, “Kirk would be the first to admit he is a difficult person. (Pause) I would be the second.”

“I make my own way,” Douglas once told an interviewer. “Nobody’s my boss. Nobody’s ever been my boss … I’ve been a maverick.”

Douglas said playing Vincent van Gogh in “Lust for Life” (1956) was his favourite role but “Spartacus” (1960) was his favourite film because, as producer, he took a big step toward breaking the Hollywood blacklist.

The lifetime Oscar was Douglas’ only Academy Award even though he was nominated for playing ruthless boxer Midge Kelly in “Champion” (1949), a movie executive in “The Bad and the Beautiful” (1952) and van Gogh in “Lust for Life.”

Douglas’ first movie was “The Strange Love of Martha Ivers,” in 1946 after being suggested for the part by acting school classmate Betty Joan Perske, who became famous after changing her name to Lauren Bacall.

Douglas was known for powerful performances as characters who had to endure intense on-screen pain. He was stabbed in “Ace in the Hole,” crucified in “Spartacus,” lost an eye in “The Vikings,” an ear in “Lust for Life,” and a finger in “The Big Sky.”

His other notable movies were “Lonely Are the Brave,” “The Devil’s Disciple,” “Victory at Entebbe” and “Tough Guys,” which he made with Lancaster in 1986.

Douglas’ independent streak led him to set up Bryna Production Co, which he named after his mother, in 1955, snubbing big studio bosses and helping break their monopoly on the industry.

Born Issur Danielovich on December 9, 1916, in Amsterdam, New York, Douglas was the only son of seven children born to illiterate Russian immigrants.

After graduating from high school, he hitch-hiked to St. Lawrence University in Canton, New York, where he became a wrestling champion. He also staged and starred in theatrical productions and changed his name to Izzy Demsy.

After St. Lawrence, he graduated from New York’s American Academy of Dramatic Arts in 1941 and changed his name to Kirk Douglas. He joined the Navy following two small Broadway roles.

While in the Navy he married British actress Diana Dill and they had two sons, Michael and Joel, before the marriage ended after eight years.

Douglas had a reputation as a Hollywood ladies’ man. Among the lovers listed in the 1988 book “The Ragman’s Son,” one of several books he wrote about his life, were Joan Crawford, Marlene Dietrich, Rita Hayworth, Marilyn Maxwell, Patricia Neal and Gene Tierney.

While making “Act of Love,” Douglas met and Anne Buydens, the film’s publicist, and they married in 1954. Their marriage became one of Hollywood’s most enduring despite his affairs. They had two sons, Peter and Eric.

Douglas, who survived a 1991 helicopter crash that killed two people, tried to discourage his children from following him into acting. Still, Michael became a superstar and a successful producer, Joel and Peter also were producers and Eric was an actor until his 2004 death from a drug overdose.

“You see how they listened to me,” Douglas once said.

Douglas, who grew a long white ponytail in his later years, published several books, including a book of poetry, prose and photographs in 2014 and “Kirk and Anne: Letters of Love, Laughter and a Lifetime in Hollywood,” in 2017 with his wife.

He established the Douglas Foundation for making charitable donations and in 2015 he and Anne announced plans to give away his $80 million fortune to a variety of causes. The beneficiaries included a shelter for homeless women named after Anne, the Los Angeles public school district, St. Lawrence University and hospitals.

To mark his 99th birthday in 2015 he donated $15 million to the Motion Picture and Television Fund to help build a facility for entertainment industry figures with Alzheimer’s disease.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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What coins do you think will be valuable over next 3 years?

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Should Elon Musk be able to buy Twitter?

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Bernard Ebbers, ex-CEO convicted in WorldCom scandal, dies

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

A former telecommunications executive convicted in one of the largest corporate accounting scandals in US history died just over a month after his early release from prison. Bernard Ebbers was 78.

A former telecommunications executive convicted in one of the largest corporate accounting scandals in US history died just over a month after his early release from prison. Bernard Ebbers was 78.

The former WorldCom chief died Sunday, according to a family statement cited by WAPT-TV in Mississippi.

The Mississippi-based WorldCom collapsed and went into bankruptcy in 2002, following revelations of an $11 billion accounting fraud that included pressure by top executives on subordinates to inflate numbers to make the company seem more profitable. The collapse caused losses to stockholders, including those who had invested through retirement plans.

The Canadian-born Ebbers was convicted in New York in 2005 on securities fraud and other charges and received a 25-year sentence. He was imprisoned from September 2006 until December 21, when he was released from the custody of the Bureau of Prisons in Texas.

US District Judge Valerie E Caproni said it fell within her discretion to order the early release after a lawyer cited severe medical problems and said Ebbers’ weight had dropped from above 200 pounds (91 kilograms) to 147 pounds (67 kilograms). At the time, attorney Graham Carner told the judge it was possible his client might not live another 18 months.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?