Monday, April 21
Social media app TikTok, which is owned by China's ByteDance, will be banned in the United States on Sunday unless a deal comes together to sell it to a U.S. investor or the U.S. Supreme Court intervenes. The ban results from an April law signed by President Joe Biden and is the first time the United States has attempted to shut down access to an app with such a large user base - roughly 170 million domestic users. To pull it off, the law targets a wide swath of U.S.-based partners that help bring TikTok to users, rendering most easy workarounds such as using a virtual private network or changing a phone's country settings moot or difficult to use, experts told Reuters.At best, users might be able to access a web-based version of the service that has fewer features than the app, and even t
Mumbai: Kalyan Jewellers, a Dalal Street favourite in recent times, extended its losing run on Wednesday, despite the company refuting talk that money managers had been bribed to buy its shares.Executive director Ramesh Kalyanaraman dismissed this as "very absurd" in the call on Tuesday. The stock dropped 7% on Wednesday to close at ₹554.90, extending its losing streak to the ninth straight day. The 32% drop in the share price in this period has eroded the market cap of Kalyan Jewellers by ₹24,000 crore to ₹57,234 crore at the Wednesday close. 117280615The Kerala-based Kalyan Jewellers did not respond to queries.During the analyst call on Tuesday, Kalyanaraman also dismissed speculation about the company's plans to buy an aircraft, income tax raids and inventory overvaluation. 1172
