Gadgets Weekly: Alienware Area-51 desktop and more
Alienware Area-51 Desktop.
Credit: Dell India
Alienware Aurora Desktops.
Credit: Dell India
BenQ launches new monitors
BenQ EW90U series desktop monitor.
Credit: BenQ
Vivo T4 Lite
iQOO 13 in Ace Green
Sashikumar Sreedharan to become new MD of Google Cloud India
Xiaomi brings Champagne Gold variant of Redmi Note 14 Pro and 14 Pro+
Mivi AI Buds
Mivi AI Buds.
Credit: Mivi
Tecno Pova 7 series
Tecno Pova 7 series.
Credit: Tecno Mobile
Boult Fluid X series headphones
Boult FluidX series headphones.
Credit: Boult
Epson opens India's first inkjet printer manufacturing unit
[From Left to right] Mookan Muthu Sivan, founder and managing director, RIKUN with Junkichi Yoshida (centre), Global President of Seiko Epson Corporation, and Samba Moorthy, President of Epson India
Credit: Epson
Samsung adds more entertainment channels on Samsung TV Plus portal
Four new B4U channels debut on Samsung TV Plus.
Credit: Samsung
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Economic Times
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- Economic Times
Oklo stock rockets 12% to record $75 — is this just the beginning for the nuclear energy disruptor?
Oklo's stock soared to a record high, fueled by regulatory progress for its Aurora powerhouse and a strategic partnership with Liberty Energy. This surge reflects strong investor confidence in Oklo's nuclear energy initiatives. With construction slated to begin in 2025, the company is poised to potentially revolutionize the energy sector, despite warnings of overvaluation. Tired of too many ads? Remove Ads Key regulatory milestone achieved Big partnership news Tired of too many ads? Remove Ads Construction plans in motion FAQs Oklo stock hit a record high of $73.71, up 12% in a day, pushing its market value to $10.79 billion. The stock has delivered a massive 769.68% gain in one year and is already up 215.45% in 2024 the hype, InvestingPro warns the stock looks overvalued right now, and it's also highly volatile. The latest rally reflects strong investor confidence in Oklo's strategic direction and future in nuclear energy, as per the cleared a key regulatory step for its Aurora powerhouse project at Idaho National Laboratory. The U.S. Nuclear Regulatory Commission found no major issues during its pre-application review — paving the way for a faster approval process, as per the teamed up with Liberty Energy Inc. to develop integrated energy solutions, mixing natural gas and advanced nuclear tech. This partnership will offer ready-to-use power solutions to industries that need constant, reliable energy, as stated by picked Kiewit Nuclear Solutions Co. to lead construction of the Aurora plant. Pre-construction starts in 2025, and if things stay on track, commercial operations will begin in late 2027 or early 2028, as per the boosted its price target for Oklo stock to $68, up from $30. The upgrade was based on Oklo's larger reactor design, which analysts say could bring higher returns in the future, according to the report by record-breaking stock surge, key regulatory wins, and big industry partnerships are fueling massive investor excitement. With construction lined up and a future-focused plan in place, many are asking — is this just the beginning for the nuclear energy disruptor?Oklo stock is rising due to strong investor interest, a key regulatory win, and new partnerships in nuclear Aurora powerhouse is Oklo's first commercial nuclear plant, set to begin operations by 2028 after clearing a major U.S. regulatory step.
Time of India
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How Pixxel turns satellite data into ESG, Agri & Infra insights-with AI at the core
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Time of India
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No more delays: UAE sets up Bankruptcy Court to fast-track financial disputes, what it is, how it works, and more
The UAE has set up a specialized Bankruptcy Court aimed at speeding up the handling of financial disputes/ Representative Image TL;DR A new Bankruptcy Court is being launched, based at Abu Dhabi Federal Court of First Instance. It will handle all disputes under the UAE's updated bankruptcy laws. Specialized judges and financial experts will manage complex insolvency and restructuring cases. The UAE has introduced a specialized Bankruptcy Court to handle financial distress and insolvency cases. The decision, issued by Minister of Justice, is part of broader efforts to strengthen the country's legal system and support economic stability. By setting up a central court in Abu Dhabi and allowing for additional branches across other emirates, this move aims to streamline how bankruptcy cases are handled. It ensures businesses and individuals facing financial challenges have a clear, structured legal path, whether that's restructuring debt, preventing liquidation, or settling disputes. This decision aligns with Federal Decree-Law No. (51) of 2023, which lays out the country's financial restructuring and bankruptcy rules. 'This step aims to develop the judicial structure that supports the national economy and enhance the effectiveness of the justice system in dealing with cases of financial distress and bankruptcy,' said the Ministry of Justice, in an official post. Bankruptcy Court Explained: How It Works and What to Expect 1. Based in Abu Dhabi, With Flexibility to Expand The main Bankruptcy Court will be based at the Abu Dhabi Federal Court of First Instance. But it's not limited to the capital. The authorities can open branches in other emirates if needed. No matter where they're located, these courts will have the same power to handle cases. 2. Handles All Kinds of Bankruptcy Disputes The court will deal with everything that falls under the UAE's updated bankruptcy law, officially known as Federal Decree-Law No. 51 of 2023. That includes: Financial restructuring requests Preventive settlement plans Bankruptcy filings Any disputes, objections, or complaints tied to these processes Basically, if it has to do with financial distress or insolvency, this court is where it goes. 3. Run by Judges Who Know the Job This won't be a general court. It's staffed with specialized judges, including a chief judge who holds a rank no lower than that of an appeals judge. These judges are appointed by the Federal Judicial Council, and they'll be supported by a dedicated team that handles all the paperwork, case registration, and official notifications. 4. Expert Help for Complex Cases The court isn't working alone. It can bring in financial experts and consultants to assist on cases. Their job? Manage the debtor's assets and operations Meet with creditors Apply urgent measures when needed Help move things along faster This makes it easier to deal with complicated cases that need both legal judgment and financial know-how. The Bigger Picture: Why This Matters Bankruptcy laws are often misunderstood or seen as a last resort. But in reality, a solid bankruptcy framework can keep businesses afloat, protect jobs, and preserve creditor rights, all without shutting a company down. With the new court in place, the UAE is: Making it easier for companies and individuals to manage debt legally. Providing alternatives to liquidation, like out-of-court settlements or structured repayment plans. Improving investor confidence by ensuring transparent and fair processes. Understanding UAE Bankruptcy Law The UAE's bankruptcy law applies to registered companies that fall under the Commercial Companies Law, as well as traders and licensed professionals operating through civil companies. Before reaching the stage of liquidation, the law offers several legal options. These include out-of-court financial restructuring, negotiated settlements with creditors (also known as composition procedures), and formal restructuring supervised by the court. In some cases, the court may allow the debtor to secure new loans to help keep the business running. If none of these solutions work, the final step is declaring bankruptcy and proceeding with the liquidation of assets. FAQ 1. Who can file for bankruptcy in the UAE? Companies, traders, and licensed professionals facing financial distress can file under the law. 2. Will the Bankruptcy Court handle both companies and individuals? Yes. As long as they fall under the categories outlined in the law, both businesses and individuals can file. 3. How does this help businesses? It gives them a structured way to deal with debt, avoid liquidation, and possibly continue operating through financial restructuring or settlements.
