Elon Musk loses cool as Saudi Prince Alwaleed bin Talal rejects his Twitter takeover bid

News Network
April 15, 2022

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Tesla and SpaceX CEO Elon Musk on Friday took a jab at Saudi Prince Alwaleed bin Talal, a major Twitter investor who rejected Musk's hostile offer to acquire 100 per cent of the micro-blogging platform for $43 billion.

Questioning Saudi Arabia's own media laws, Musk tweeted: "Just two questions, if I may. How much of Twitter does the Kingdom own, directly & indirectly? What are the Kingdom's views on journalistic freedom of speech?"

Musk reacted after the Saudi Prince rejected the Tesla CEO's cash offer of $54.20 per Twitter share.

"I don't believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of (Twitter) given its growth prospects. Being one of the largest & long-term shareholders of Twitter, @Kingdom_KHC & I reject this offer," the prince tweeted.

Alwaleed, who runs the Kingdom Holding Company and is a nephew of Saudi Arabia's King Salman, said he was one of the oldest and largest shareholders in Twitter, reports Middle East Eye.

In 2015, he and his company owned a 5.2 per cent stake in the social media platform.

Musk on Friday started a new poll, with a tagline that "taking Twitter private at $54.20 should be up to shareholders, not the board.

"Will endeavour to keep as many shareholders in privatised Twitter as allowed by law," he tweeted.

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News Network
May 15,2025

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Mangaluru, May 15: Dr Ninaad Lasrado, a young scientist hailing from Puttur in Dakshina Kannada district, has earned a place in the prestigious Forbes 30 Under 30 Asia – Health Science List for 2025. He is currently serving as a postdoctoral fellow at Harvard Medical School, Boston, USA.

Dr Lasrado achieved a remarkable academic milestone by completing his PhD in viral immunology from the University of Nebraska–Lincoln, USA, at the age of 24. He later joined Harvard Medical School, part of Harvard University, where he continues his advanced research in immunology.

With a strong foundation in scientific research, Dr Lasrado has authored over 20 research papers in internationally acclaimed journals such as the New England Journal of Medicine, Science, and Scientific Reports (Nature group). His work has earned him numerous awards and fellowships, recognizing his contributions to health science.

His academic journey began at Sudana Residential School, followed by PUC at Ambika PU College, and a bachelor’s degree in biotechnology from St Aloysius College, Mangaluru.

Dr Lasrado is a member of Mai De Deus Church, Puttur, and is the son of Stella Sequeira and Dr H R Lasrado, retired deputy director of the Karnataka Animal Husbandry Department. The family currently resides in Puttur.

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News Network
May 11,2025

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Palestinian Ministry of Health in Gaza has warned that around 1,500 citizens have lost their eyesight due to the war and another 4,000 are at risk of blindness because of severe shortages of medications and medical equipment.

The Palestinian Ministry of Health in a report on Sunday said that the eye care services in Gaza have been facing a catastrophic collapse because of the genocidal war.

“The health sector is witnessing a critical shortage of consumables and medical equipment for eye surgeries, which is leading to an almost total collapse of surgical services, particularly for retinal diseases and diabetic retinopathy with internal bleeding,” said Dr. Abdelsalam Sabah, director of Gaza’s Eye Hospital.

“The Eye Hospital currently has only 3 worn-out surgical scissors in use, which greatly increases risks to patients’ lives and prevents effective treatment,” he added.

The majority of eye injuries are caused by shrapnel from ordnance explosions and need medical materials such as Healon and fine sutures, which are almost impossible to find in the Strip due to the blockade.

Unless immediate and urgent intervention is made by relevant bodies and international organizations, the Eye Hospital will be unable to provide any surgical services in the near future.

The siege has forced hospitals and medical centers in Gaza to ration medications such as painkillers, provide less effective treatment, or turn patients away.

Hospitals and medical centers have run out of surgical supplies such as anesthetics, pediatric antibiotics, and medicines for chronic conditions.

Since March 18, when the Israeli regime broke its ceasefire agreement with Hamas, it has killed around 1,900 Palestinians and wounded several thousand more, most of whom are children and women. 

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News Network
May 14,2025

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Jabalpur: The Madhya Pradesh High Court on Wednesday ordered registration of an FIR against state minister Vijay Shah for his controversial remarks targeted at Colonel Sofia Qureshi.

Colonel Qureshi had conducted regular press briefings, sharing details of the 'Operation Sindoor' launched by Indian armed forces to strike terrorists, joined by Foreign Secretary Vikram Misri and Wing Commander Vyomika Singh Shah.

The tribal affairs minister and BJP leader, sparked a major controversy with objectionable comments that appeared to be directed at Colonel Qureshi, whom he tried to project as a "sister of terrorists".

Taking suo motu cognisance of the controversial statement, the high court's division bench of Justices Atul Shridharan and Anuradha Shukla ordered the police to register a first information report (FIR) against the minister.

The court directed the police department to file the FIR by 6 pm on Wednesday.

The division bench said the court should be informed about the registration of the FIR.

The next hearing on the petition has been scheduled at 10.30 am on Thursday. A detailed order is awaited.

“Those people (terrorists) who had wiped out the sindoor (vermilion) of our sisters (in the Pahalgam terror attack)... we avenged these people by sending their sister to destroy them. They (terrorists) killed our Hindu brothers. PM Modi ji responded by sending their (terrorists’) sister in an Army plane to strike them in their houses. They (terrorists) made our sisters widows, so Modiji sent the sister of their community to strip them and teach them a lesson”, Mr. Shah said while addressing a gathering in Ramkunda village near Indore.

Shah's remarks drew wide-scale condemnation, with Congress demanding his immediate dismissal from the MP cabinet.

Under severe flak, Shah said if anyone is hurt by his statement, he is ready to apologise 10 times, adding that he respects Colonel Qureshi more than his sister.

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