Latest News
Elon Musk initiates a hostile takeover attempt for 100% of Twitter
Elon Musk has made a bid to purchase Twitter Inc, the business that operates the microblogging social media site Twitter, putting an end to all suspicions. According to sources, Elon Musk, the CEO of Tesla and SpaceX, has offered $54.20 per share in cash for 100 percent of Twitter’s stock, valuing the deal at over $43 billion.
In a filing with the U.S. Securities and Exchange Commission on Thursday, the world’s richest man announced his aggressive takeover offer for the corporation. Following the announcement, Twitter’s stock jumped 18 percent.
Elon Musk had previously announced that he had purchased a 9.2 percent interest in Twitter, sparking suspicion that he may take the firm over. He was offered a place on the company’s board of directors as a result of his ownership, which he accepted at first. He eventually changed his mind and opted not to join the board of directors.
One of the terms of his nomination to the board of directors was that he could not raise his share in the company above 15%. He is no longer constrained by such constraints as an independent investor, and he has made a bid to buy Twitter’s whole stock.
As per a letter supposedly written by Musk to Twitter board chairman Bret Taylor, Musk stated that he invested in Twitter because he believes in its potential for global free expression, claiming that free speech is a societal requirement for a functioning democracy.
“However, since making my investment, I have come to see that the company, in its current form, can neither prosper nor satisfy this societal necessity.” In the letter, he stated that Twitter should be turned into a private firm.
“As a result, I am trying to purchase 100% of Twitter for $54.20 per share in case,” he stated while announcing his offer, “a 54 percent premium over the day I began investing in Twitter and a 38 percent premium over the day before my investment was officially reported.” He went on to say that his offer is the greatest and final one and that if it isn’t accepted, he will have to reevaluate his position as a shareholder.
“Twitter has amazing potential,” he continued. “I’ll get it open.”
Elon Musk, the world’s richest man, has the financial means to purchase 100% of Twitter’s stock. It will be interesting to observe how the Twitter board of directors and management respond to his offer. However, if the board of directors declines, he can buy all of the Twitter shares on the market, gaining enough shares to take over the board. For the buyout, Musk has chosen Morgan Stanley as his adviser.
While Musk’s offer price is higher than recent stock prices, it is lower than the company’s high pricing. Because Twitter’s stock exceeded $77 just last year, some stockholders may be unwilling to sell at $54.20, causing the deal to fail.
Latest News
Navi Mumbaicha Raja Promotes Drug-Free Living
Ganesh mandal uses Ganeshotsav to spread awareness against addiction.
The Awareness
The Shivchhaya Mitra Mandal, popularly known as Navi Mumbaicha Raja, is using this year’s Ganeshotsav to promote a drug-free and healthy lifestyle. The mandal’s 56th Ganeshotsav is being organised at the CIDCO ground near ICL School in Sector 21, Turbhe. The celebrations began on September 14.
A major focus of this year’s festival is an anti-addiction campaign carrying the message “Say No to Drugs”. Through posters, banners and cut-outs, the mandal will create awareness about the harmful effects of alcohol, tobacco, gutkha, drugs, gambling and other addictive habits. The campaign promotes the message that a moment of pleasure can lead to lifelong problems, while staying away from addiction can lead to a happier life.
The festival will also include bhajans, spiritual programmes, blood donation and health camps, Annadan, Atharvashirsh recitation, Satyanarayan Mahapuja and felicitation of achievers. The mandal is also supporting tribal students from Wada and Mokhada in pursuing higher education after Classes 10 and 12.
Around 8 to 10 lakh devotees are expected to visit the pandal during the 12-day festival. A Satyanarayan Katha and Bhandara will be organised on September 24, with food arrangements for around 10,000 devotees.
Latest News
NMMC Sets Up 170 Artificial Immersion Ponds Across Navi Mumbai
Civic body prepares 192 immersion sites to support a smooth and eco-friendly Ganeshotsav.
The Ponds
The Navi Mumbai Municipal Corporation (NMMC) has made arrangements for the smooth and eco-friendly celebration of Ganeshotsav 2026, which will be held from September 14 to 25. To reduce crowding and help prevent water pollution, the civic body has set up 170 artificial immersion ponds across the city, along with 22 natural immersion sites.
More than 140 Ganesh mandals have applied online for permission to install pandals. The NMMC has introduced a single-window system to make the approval process easier by bringing permissions from different departments together. Across all 192 immersion sites, arrangements have been made for volunteers, CCTV surveillance, electricity and generators. Medical teams will be deployed at 22 major immersion sites, while lifeguards and fire brigade personnel will also be available.
The civic body has arranged rafts at natural immersion sites and separate facilities for wet and dry nirmalya. Dedicated vehicles will collect floral waste and transport it to the processing facility in Turbhe. Road repairs and tree pruning along idol arrival and immersion routes have also been completed.
The NMMC has appealed to citizens to use artificial immersion ponds and celebrate Ganeshotsav in an eco-friendly manner, helping protect the city’s water bodies.
Latest News
Navi Mumbai Launches Angan Adoption Scheme to Keep Public Spaces Clean
Initiative encourages residents, institutions and businesses to take responsibility for spaces around their premises.
The Launch
The Navi Mumbai Municipal Corporation (NMMC) has launched the Angan Adoption Scheme 2026 under the Sugandhi City Campaign, encouraging citizens to take responsibility for the cleanliness and upkeep of public spaces near their homes, shops and institutions.
The initiative was inaugurated by Maharashtra Forest Minister and Palghar Guardian Minister Ganesh Naik. During the programme, appreciation certificates were presented to individuals who had already come forward to adopt public spaces. A web portal for the campaign was also launched, along with a booklet explaining its objectives.
Mayor Sujata Patil, Deputy Mayor Dashrath Bhagat, former MP Sanjeev Naik, former MLA Sandeep Naik, House Leader Sagar Naik and other elected representatives and citizens attended the event. Addressing the gathering, Ganesh Naik said the initiative could help Navi Mumbai move towards becoming the cleanest city in the country. He stressed that cleanliness should not be limited to appearances, but should involve genuine public participation.
Deputy Mayor Dashrath Bhagat explained that the scheme focuses on three key elements—places, spaces and people. Residents, schools, colleges, hospitals, factories, shops and other institutions can adopt even small areas outside their premises, keep them clean and prevent garbage from being dumped there. The campaign promotes the message, “My courtyard, my responsibility,” and aims to turn cleanliness into a shared responsibility among Navi Mumbai’s citizens.
-
Fact Check6 years agoNidhi Razdan, fake Harvard professorship, and here is the explanation through her blog.
-
India4 years agoAs the arrangement with Prashant Kishor falls through Rahul Gandhi has gone overseas again and is uncontactable
-
Technology5 years agoBSNL reveals all new 4G plans starting at ₹16
-
Latest News5 years agoGovernment has spent ₹9,725 crores on Covid-19 vaccination drive so far
-
Latest News5 years agoTata wins Air India with ₹18,000 crore bid
-
Latest News5 years agoJharkhand government cuts Petrol price by massive ₹25 a litre but with a catch
-
Latest News5 years agoRaj Kundra Gave ₹25 Lakh Bribe to Mumbai Crime Branch to Avoid Arrest
-
Navi Mumbai5 years agoNavi Mumbai civic body raids and tests morning walkers, many found COVID positive
