Month: May 2023

Singapore Airlines to offer free wifi access in all cabin classes from July 1

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

Listen to the Article (6 Minutes)

Singapore Airlines will offer free unlimited wifi access to passengers in all cabin classes on its flights, including those connecting Indian cities.

The enhanced wifi offering will be available virtually across the entire aircraft fleet and almost the entire global SIA route network, it said in a release on Wednesday.

India is a key market for Singapore Airlines, which flies 96 times a week from eight Indian cities.

Also Read: Agartala airport set to launch international flight services after Centre’s immigration clearance

“Customers will enjoy the most comprehensive free unlimited wifi access in the airline industry from 1 July 2023, when the service is extended to all travellers in all cabin classes, including Premium Economy Class and Economy Class,” the release said.

Indian full-service carrier Vistara is jointly owned by Singapore Airlines and Tata Group. In November last year, Tata Group announced the merger of Vistara with Air India under a deal wherein Singapore Airlines will also acquire a 25.1 percent stake in Air India.

The merger process is on and is subject to various regulatory approvals.

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

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

Trade Setup for June 1: Nifty 50 may bounce post from support levels post GDP data, Auto sales in focus

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

Listen to the Article (6 Minutes)

The Nifty 50 index snapped a four-day winning streak on Wednesday, thereby also registering its first drop in the June F&O series. While it did break below the crucial support level of 18,500 in intraday trade, it managed to recover 50 points from the day’s low to end above those levels.

Despite the marginal correction on Wednesday, the Nifty 50 still ended the month of May with gains of close to 3 percent. The index gained for the third straight month, which is the first such instance since October 2021.

Indices like the Nifty 50 and Nifty Bank may see some volatility during Thursday’s weekly options expiry session. With the MSCI inflows and earnings season now out of the way, the market will look for fresh triggers to attempt another move towards its all-time high of 18,887.6.

What the market may take heart from is the fourth quarter and financial year 2023 GDP numbers. The latter, at 7.2 percent, was higher than the CNBC-TV18 poll of 7 percent. Experts also said that the numbers were well above estimates and a pleasant surprise. Automobile companies will also be reporting their monthly sales figures starting Thursday.

Gaurav Bissa of InCred Equities believes that the Nifty 50 index can resume its uptrend until it does not close below the mark of 18,450 on the downside. He cited the fact that the index tested its previous swing break of 18,460 but recovered and closed above the mark of 18,500.

The Nifty Bank index recovered 300 points from the session’s lows during the final 30 minutes of trade, courtesy the MSCI inflows, particularly in stocks like Kotak Mahindra Bank, which was likely to get inflows to the tune of $800 million. Shares of the private lender ended at a 52-week high. Even as the index closed with losses of over 300 points, it managed to hold the 44,000 levels after briefly breaking below those in intraday trading.

InCred’s Bissa terms the Nifty Bank’s move as important as it bounced strongly from an ichimoku support between 43,700-43,800. He said that the index can head towards 45,000 on the upside, if it manages to hold the above- mentioned support levels.

The Nifty Bank is currently in a 1,000 point range with support on the downside at 43,500, while resistance on the upside is seen at 44,500. The latter is a level where both put and call writing has been seen, according to LKP Securities’ Kunal Shah. “This suggests that there may be a considerable number of traders with bearish and bullish expectations around this price level,” Shah said.

An index that has outperformed in a weak market of Wednesday is the Nifty Realty index, which ended with gains of 0.8 percent. The index has now gained in four out of the last five trading sessions and has risen close to 10 percent so far this year. The index is also trading close to its 52-week high of 483.

“In my viewpoint, the companies are adequately priced at this point of time. Maybe if one is looking at these companies to stay in the portfolio, some corrective fall in the stock price would probably mean that buying opportunity is once again emerging,” Deven Choksey of KRChoksey told CNBC-TV18 with regards to real estate stocks. “Most of these companies are having a good amount of visibility as far as project execution is concerned. From company to company it differs,” he said.

What Do The F&O Cues Indicate?

Nifty 50’s June futures shed 6.3 percent or 6.28 lakh shares in Open Interest on Wednesday. The Nifty Bank futures also shed 0.5 percent in Open Interest. Wednesday’s drop took the Nifty 50’s put-call ratio below 1 to 0.99 from 1.32 on Tuesday. No stocks are currently in the F&O ban.

Nifty 50 on Call side for June 1 expiry:

Nifty 50’s call strikes between 18,500 and 18,650 saw addition in Open Interest for Thursday’s weekly options expiry. The 18,600 strike call saw the maximum Open Interest addition.

Nifty 50 on Put side for June 1 expiry:

Put strikes between 18,500 and 18,650 continue to be added for the Nifty 50 index, indicating that the near-term range could be between 18,500 and 18,650.  The 18,600 put saw Maximum Open Interest addition.

Here are the stocks that have added fresh long positions on Wednesday, which means an increase in price as well as open interest:

Here are the stocks that have added fresh short positions on Wednesday, which means a decrease in price, but an increase in open interest:

Here are some important stocks to watch out for in today’s session:

• Coal India: Government launches OFS to sell 1.5 percent equity with greenshoe option of another 1.5 percent. Floor price of Rs 225 is a 6.7 percent discount to previous closing.
• Laurus Labs: Increases stake in Cell and Gene therapy company ImmunoACT. To acquire another 7.24 percent stake for Rs 80 crore, taking the total stake to 33.86 percent.
• South Indian Bank: Finalises names of candidates for its next MD & CEO after incumbent Murali Ramakrishnan decided not to seek another term at the helm.
• MOIL: Increases prices of some manganese ore grades by 10 percent.
• Real Estate Stocks: Mumbai nets Rs 811 crore in property registrations in May led mainly by increased stamp duty and high-value transactions.

What Do Global Cues Indicate?

US equities ended lower on Wednesday as all eyes remained on the debt ceiling resolution. The deal advanced to the house floor for a final vote after clearing the House Committee in a 7-6 vote.

The Dow Jones fell 130 points, while the S&P 500 and the Nasdaq composite fell 0.6 percent each. Did you know, that all the gains made by the S&P 500 so far, and nearly 70 percent of the Nasdaq’s rally this year has been led by only six stocks? Surprised? Read more in this piece by Prashant Nair.

The Singapore traded SGX Nifty futures, which are an early indicator of how trade will pan out, were trading 69 points or 0.37 percent lower at 18,595, indicating another subdued to weak start to the weekly options expiry session.

Wednesday’s fund flow numbers will be influenced by two major block deals on HDFC Life and Sona BLW that took place. However, despite them, cash market volumes on the NSE were the second-highest ever at Rs 1.35 lakh crore. The highest was on November 27, 2020, at Rs 1.47 lakh crore.

Nifty 50’s resistance at 18,600 has become even stronger after Wednesday’s drop, said Ashwin Ramani of SAMCO Securities. Significant call writing was seen at the 18,500 strike on the Nifty 50, indicating a move of support levels downwards towards levels of 18,400, he said.

Rupak De of LKP Securities expects the current trend on the Nifty 50 to remain sideways to positive until it remains above the mark of 18,500. Resistance on the upside is seen at 18,650. However, a decisive fall below 18,500 can trigger further selling pressure on the index, he said.

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

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

Future of Snapchat will be shaped by key markets such as Japan, India & Australia, says Ajit Mohan

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

Listen to the Article (6 Minutes)

Snap, one of the world’s leading tech companies, has set its sights on India as part of its aggressive growth strategy. Ajit Mohan, President for Asia Pacific at Snap Inc, revealed in an interview with Delshad Irani, the editor of Storyboard18, that the future of Snapchat will be shaped by key markets such as Japan, India, and Australia.

Mohan emphasised the company’s conviction in the potential of India as an exciting internet market, stating, “The company has the conviction that we need to draw the energy for the next phase of our growth around the world and especially in a country like India. There is genuine conviction that the future of Snapchat will be drawn in places like Japan, India, and Australia.”

Also Read: Snapchat reaches over 200 million monthly active users in India

India has already proven to be a significant market for Snapchat, with the platform boasting 200 million users in the country.

Mohan expressed the company’s intention to sustain this growth trajectory, saying, “The company now has 200 million snapchatters in India. Most of that growth has happened in the last 3-4 years. Our agenda in India is to continue the growth.

A lot of the focus in the last 3-4 years was on establishing Snapchat’s presence in India and ensuring people, especially teens, understood the proposition of Snapchat. Now I think it is time to do business around the 200 million snapchatters.”

Watch the video for the entire conversation.

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

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

Akash Ambani, wife Shloka embrace parenthood again with arrival of their baby girl

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

Listen to the Article (6 Minutes)

Akash Ambani, the elder son of billionaire Mukesh Ambani, and his wife Shloka Mehta Ambani on Wednesday welcomed their second child on Wednesday, a baby girl.

The couple had their first child Prithvi in December 2020.

Dhanraj Nathwani, a friend of the Ambani children and son of family confidant and Rajya Sabha MP Parimal Nathwani, took to Twitter to announce the birth of the girl child.

“Heartiest congratulations to Akash and Shloka Ambani on the joyous arrival of their little princess! May this precious blessing bring immense happiness and love to your lives,” he tweeted.

Heartiest congratulations to Akash and Shloka Ambani on the joyous arrival of their little princess! May this precious blessing bring immense happiness and love to your lives. pic.twitter.com/MXHdohoxqi

— Dhanraj Nathwani (@DhanrajNathwani) May 31, 2023

In November last year, Akash’s twin sister Isha and her husband Anand Piramal became parents to twins who were named Krishna and Aadiya.

Mukesh Ambani has three children – twins Akash and Isha and younger son Anant. All are now involved with his oil-to-telecom-to-retail conglomerate. While Akash looks after the telecom business, Isha is involved with the retail venture. Anant is looking after the new energy vertical.

Anant is engaged to Radhika Merchant, daughter of Viren Merchant, the CEO of Encore Healthcare.

Also read: Mukesh Ambani becomes second Indian to join advisory committee to COP28 President

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

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

CCI Director Atul Verma gets three-month extension

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

Listen to the Article (6 Minutes)

The government has extended the tenure of Atul Verma as the Director General of the Competition Commission of India (CCI) for three months.

The Director General (DG) office is the investigation arm of the fair trade regulator.

According to an official order, the competent authority has approved the extension of the deputation of Atul Verma as Director General of CCI for a period of three months beyond May 31.

CCI is probing various anti-competitive cases, including those relating to technology companies.

Also read: Google pays entire Rs 1,338 crore penalty to CCI in Android case

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

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

Male tiger found dead in Dudhwa buffer zone

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

Listen to the Article (6 Minutes)

A four-year-old male tiger was found dead in Dudhwa buffer zone on Wednesday, officials said. Patrolling teams sighted the carcass of a male tiger lying in the forests under Latthauha beat of north Nighasan range, Dudhwa buffer zone field director B. Prabhakar told PTI.

Post-mortem report revealed a puncture wound in the trachea was the cause of the big cat’s death. The postmortem report and the evidences on the spot indicated the tiger could have received the injuries in a conflict with another big cat, the official said.

A panel of veterinary experts, including Dr. Daya Shankar, Dr. Deepak Verma and Dr. AK Singh, conducted the autopsy of the carcass as per NTCA guidelines, he said.

He added that the carcass was disposed off after the autopsy and internal organs and viscera were being sent to IVRI (Indian Veterinary Research Institute), Bareilly.

Also Read: How 6 cheetahs died in India in the last 2 months and what’s next

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

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

Seven more cheetahs to be released into wild at Kuno National Park by June third week

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

Listen to the Article (6 Minutes)

Seven more cheetahs, including two females, will be released into the wild in Madhya Pradesh’s Kuno National Park by the third week of June, the chairman of the high-level committee set up to monitor the progress of the much vaunted Cheetah reintroduction project said on Thursday.

Under the ambitious programme, Prime Minister Narendra Modi released the first batch of eight spotted felines from Namibia into a quarantine enclosure at Kuno in Madhya Pradesh on September 17 last year.

In a second such translocation, 12 cheetahs were flown in from South Africa and released into Kuno on February 18. Three cheetahs died in March and April. Of the 17 remaining adult cheetahs, seven have already been released into the wild.

“The project is on track and there’s no cause for worry. We have decided to release seven more cheetahs, including two females, by the third week of June,” Rajesh Gopal, the panel’s chairman and the secretary general of the Global Tiger Forum, told PTI.

Also Read: Project Cheetah: India to release 5 cheetahs into free-ranging conditions in MP’s Kuno National Park

“Of the 10 cheetahs still in the larger fenced acclimatisation camps, seven will be released. The three remaining ones are from Namibia’s captive stock and more time is needed to rewild then,” he said.

The National Tiger Conservation Authority had on May 8 decided to release five more cheetahs (apart from the three already in the wild then) before the onset of the monsoon. Animals are generally not released into the wild during the monsoon season as harsh weather conditions make it difficult for them to find food and shelter and adapt to their new environment. The 11-member cheetah project steering committee set up recently met for the first time on Thursday at Kuno.

Also Read: How 6 cheetahs died in India in the last 2 months and what’s next

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

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

India growth may exceed initial estimate of 6.5% in FY24, says CEA V Anantha Nageswaran

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

Listen to the Article (6 Minutes)

The Chief Economic Adviser (CEA) V Anantha Nageswaran on Wednesday said India’s economic growth may exceed the initial estimate of 6.5 percent in the current fiscal and the country can look for another year of solid economic performance.

The real GDP growth for 2022-23 is higher compared to the growth projections by various international agencies, reflecting the strong resilience of the Indian economy.

India’s economy grew by 6.1 percent in the January-March quarter of 2022-23, pushing the annual growth rate to 7.2 percent on account of better performance by agriculture, manufacturing, mining, and construction sectors.

India was the fastest-growing major economy over the last fiscal and in the quarter ending March 2023 as well, he said, adding, growth in the year was driven by robust private consumption and a sustained increase in capital formation.

Nageswaran said the risk to the projected 6.5 percent GDP number is evenly balanced and there is a good chance of this number may be exceeded in the current fiscal.

In the latest monthly economic report released in the third week of May, he said, “We did say that, while in the economic survey, we mentioned that 6.5 percent was our target or an estimate of the real GDP growth for this financial year but we also mentioned that the risks to the downside were higher.”

“But now we are prepared to stick our neck out one more time and say that the risks to 6.5 percent are probably more evenly balanced. There is as good a chance that this number may be exceeded as there is a chance that reality may undershoot this number. So, we are prepared to say that the risks are more evenly balanced than what we felt four months ago.”

High-frequency indicators for industry, services, external sector, fiscal and credit growth are all pointing to sustain momentum in the economy, he said, adding, growth prospects, therefore, appear bright.

External factors as per the RBI’s Annual Report pose downside risks because of the geopolitics situation, oil production and potential for further monetary tightening in some developed countries and with that the attendant risks of further financial stress.

He also said private sector capital formation is beginning to unfold as indicated by the March financial number of the corporate sector.

Gross Fixed Capital Formation (GFCF) has been a major growth driver in Q4 of 2022-23, with its share in GDP (at 2011-12 prices) being at a 10-year high of 35.3 percent in Q4 of 2022-23, as crowding-in of private sector investment by public sector investment picks up pace.

He expected that the private sector would continue to expand its investment plans as capacity utilisation in many sectors including steel and cement is reaching beyond 75 percent.

Expanding Public Digital platforms along with the last mile connectivity and logistics reforms on the back of a sustained investment in infrastructure, which has grown by three times through public capex spending do provide important buffers against the external risks, he said. “So we are very pleased to have been able to present a story of both sustained economic momentum combined with macro economic, financial and fiscal stability and we look forward to another year of solid economic performance by India,” he said.

Last week, Reserve Bank Governor Shaktikanta Das said the growth for 2022-23 is expected to be more than the advance estimate of 7 percent.

As per the second advance estimate released by the National Statistical Office (NSO) in February, the economy is estimated to grow at 7 percent in 2022-23 against 8.7 percent in the preceding fiscal.

An increase in Minimum Support Price (MSP) for major crops and a rise in the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) wage rate are expected to improve the financial security of rural households further and boost rural demand in the coming months, he said. Rural consumption to benefit from stronger prospects in the agriculture sector, he added.

As far as the inflation outlook is concerned Nageswaran said it would trend towards 4 percent helped by subdued commodity prices and good crop production.

There is a very high chance that the consumer price index inflation rate comes back and closer to the RBI’s midpoint of 4 percent rather than staying above 5 percent in the course of the current financial year, he said.

Retail inflation declined from a peak of 7.8 percent in April 2022 to an 18-month low of 4.7 percent in April 2023, driven by a reduction in food and core inflation. He also said that unseasonal rains are unlikely to impact the sowing prospects of the Kharif crop.

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

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

Sebi imposes fine of Rs 77 lakh on 16 entities involved in Gayatri Sugars share price manipulation

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

Listen to the Article (6 Minutes)

Capital markets regulator Sebi on Wednesday slapped fines totalling Rs 77 lakh on 16 entities for manipulating the share price and violating other norms in the matter of Gayatri Sugars Ltd. The Securities and Exchange Board of India (Sebi) conducted an investigation in the matter of Gayatri Sugars Ltd (GSL), a BSE-listed company.

The probe was to ascertain whether there was any violation of Sebi norms and PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) rules by certain entities for the period from April 10-23, 2018.

Sebi’s Adjudicating Officer G Ramar said, “I note that Noticee 5 to 16 have created misleading appearance of trading in the scrip of (GSL) by doing trades within them. Further, Noticee 4 made a deliberate attempt to increase and manipulate the price of the scrip.”

Apart from this, I also note that Noticee 1, 2 and 3 failed to reply to the summons issued by the regulator to them, Ramar added.

Through such acts, the entities have violated the regulatory norms and PFUTP regulations. Accordingly, Sebi imposed a penalty of Rs 6 lakh on Zodiac Solutions, Rs 5 lakh each on Mehul Tulsidas Simaria, Mohan Project Contractors, Suudeep Luniya, Aakansha Rajendra Surana, Aayush Rajendra Surana, Anita Mahendra Surana, Beena R Surana.

Mahendra N Surana HUF, Mahendra Nihalchand Surana, Rajendra N Surana HUF, Rajendra Nihalchand Surana, Ashik Dhirubhai Sanghavi and Vishal Kiranbhai Sheth were also penalised Rs 5 lakh each by the markets watchdog.

Also, the regulator levied a fine of Rs 3 lakh each on Mangalbhai Valabhai Rathod and Ronakkumar R Patel, the order said.

Also read: SEBI cancels Karvy Stock Broking’s registration for misappropriation of clients’ funds

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

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

Former British PM Boris Johnson hands COVID-era WhatsApps to UK govt amid inquiry row

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

Listen to the Article (6 Minutes)

Former British Prime Minister Boris Johnson has given his pandemic-era notebooks and messages to the government and urged officials to pass them on to an independent COVID-19 inquiry, his spokesman said on Wednesday.

The Cabinet Office, which is responsible for overseeing the operation of government, is in a standoff with the inquiry over whether it should hand over material it deems to be irrelevant to the investigation.

“All Boris Johnson’s material – including WhatsApps and notebooks – requested by the COVID inquiry has been handed to the Cabinet Office in full and in unredacted form,” the spokesman’s statement said.

Also read:  UK ex-PM Boris Johnson faces new COVID law breach claims

“Mr Johnson urges the Cabinet Office to urgently disclose it to the inquiry.”

After Britain recorded one of the world’s highest number of COVID deaths, Johnson’s government in 2021 ordered an inquiry into the country’s preparedness as well as its public health and economic response.

With a national election expected next year, the detailed examination of decision making could be politically uncomfortable for both Johnson and current Prime Minister Rishi Sunak, who was finance minister during the pandemic.

The inquiry will cover the government’s management of the pandemic, particularly at the beginning when Britain was slower than many European countries to respond.

Chaired by former judge Heather Hallett, the inquiry had given the government until Thursday afternoon to hand over Johnson’s WhatsApp messages and diaries.

The Cabinet Office did not immediately respond for a request for comment. In a statement issued on Tuesday, it said:

“We are firmly of the view that the inquiry does not have the power to request unambiguously irrelevant information that is beyond the scope of this investigation.”

“This includes the WhatsApp messages of government employees which are not about work but instead are entirely personal and relate to their private lives.”

Johnson, whose personal conduct during the COVID-19 pandemic has been heavily criticised and who incurred a police fine for breaking lockdown regulations, said he would cooperate with the inquiry in full.

“While Mr Johnson understands the government’s position, and does not seek to contradict it, he is perfectly happy for the inquiry to have access to this material in whatever form it requires,” the spokesman said.

Also read: US urges swift NATO membership for Sweden and for Turkey to get new F-16s

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

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