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The Hindu
5 hours ago
- Politics
- The Hindu
Kerala local body polls: State Election Commission gets 35.98 lakh applications, including 29.81 lakh for new enrolment
When the deadline for the revision of electoral rolls for the 2025 local body polls ended on Tuesday (August 12, 2025), the State Election Commission (SEC) has received a little over 29.81 lakh applications for inclusion of names. Overall, the commission headed by A. Shajahan has received 35.98 lakh applications. These included 29,81,310 Form 4 applications for the inclusion of names, 13,859 Form 6 applications for making corrections, and 1,80,793 Form 7 applications for transposition (shifting a voter to another ward). While publishing the draft electoral rolls on July 23, the commission had set August 7 as the deadline for enrolment applications and filing complaints. The commission had later extended it to August 12. The commission is slated to publish the final electoral roll on August 30.
Yahoo
29-07-2025
- Business
- Yahoo
Jeff Bezos's honeymoon plans involved a $5.7 billion Amazon share selloff
Jeff Bezos sold over $5.7 billion in stock between late June and July—including $735 million on his wedding day to Lauren Sánchez—under a prearranged trading plan. Despite the large selloff, Bezos still holds roughly 884 million Amazon shares and maintains a net worth of $252 billion. Recent SEC filings also revealed donations of over 600,000 shares to undisclosed nonprofits. Jeff Bezos's lavish wedding to Lauren Sánchez last month may have cost him a pretty penny—but even on the day of his nuptials the Amazon founder was generating millions. On June 27, the day Bezos and Sánchez said their vows, the billionaire sold millions of shares in online giant Amazon as part of a wider plan to offload stock. An SEC filing seen by Fortune shows that on June 27, Bezos sold more than 3.3 million Amazon shares at a price of between $221 and $223 a share. The resulting windfall for the transaction date of his wedding alone was $735 million, per Fortune calculations. And while other newlyweds might expect to see their wealth take a hit during their honeymoon, Bezos's wealth soared as he continued his selloff with six further Form 4 filings made between late June and late July. Between July 3 and 7, Bezos offloaded a further 3 million shares at approximately $224 apiece; on July 8 and 9 a further 500,000 shares were sold at a similar price; and between July 11 and July 14 sold a further 6.7 million shares for between $224 and $226 per share. On July 15, Bezos sold a further 733,000 shares for $227 each, and between July 21 and 22 offloaded a further 6.6 million shares at $227.5 to $229.5 each. The most recent transaction, from July 23 and July 24, also offloaded more than 4.1 million shares at between $228 to $233 apiece. The total selloff—and with Amazon stock up 5.5% over the past month alone—has netted Bezos some $5.7 billion in total, the Bloomberg Billionaires Index estimates. It's easy to assume that offloading millions of shares would reduce Bezos's stake significantly in the company with a market cap of nearly $2.5 trillion. Not so, as the SEC filings reveal Bezos still owns approximately 884 million Amazon shares. This puts him roughly on a par with some of Amazon's largest institutional shareholders. Yahoo Finance, for example, reports Vanguard as the top institutional shareholder with 832 million shares. With Amazon stock up 26% over the past year, and up roughly 46% over the past half-decade, Bezos now sits on a net worth of $252 billion (per Bloomberg), making him the third-richest person on the planet. Maintaining distance Of course, Bezos himself isn't orchestrating the sales of millions of shares on a weekly basis. The SEC filings show the stock sales are occurring according to a SEC Rule 10b5-1 trading plan established in early May. The rule creates a standard practice for an officer of a publicly listed company to sell shares in a preplanned way, without accusations of insider trading. The 10b5-1 plan has a number of stipulations, chief among them that a formula (not a person) determines the number, price, and date of the trades. A third party who cannot be influenced by the client must also be employed to conduct the sales. Similar action has been taken by Alphabet CEO Sundar Pichai in recent weeks, who used 10b5-1 filings to offload shares while achieving a billionaire wealth status. But Bezos's SEC history also reveals the billionaire is offloading sales not only for wealth gain but also for philanthropy. On June 27, the same day Bezos's selloff began, Morgan Stanley filed a note on behalf of Bezos in a Form 144 filing. The filing reads, 'On May 13, May 14, and June 3, 2025, the reporting person contributed 633,812 shares to non-profit organizations, which may have sold such shares during the three months preceding the date of this Form 144.' The form does not reveal which organization received the shares. While Bezos has not signed the Giving Pledge (a commitment from the world's wealthiest to donate the majority of their fortune to philanthropy) he has publicly stated he intends to donate the majority of his wealth during his lifetime to philanthropic causes, telling CNN in 2022 he was 'building the capacity to be able to give away this money.' This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
21-07-2025
- Business
- Business Insider
NVDA Insider Trade Alert! CEO Huang Just Sold $50M in Stock — Should Investors Worry?
Jensen Huang, CEO of Nvidia (NVDA), sold shares worth $50 million of the semiconductor company last week as part of a prearranged 10b5-1 trading plan disclosed in March. The plan allows him to sell up to 6 million shares through year-end. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. On Friday alone, Huang sold 75,000 shares for $12.94 million. Earlier in the week, he offloaded 225,000 shares worth around $37 million, bringing his total proceeds this week to nearly $50 million. It's important to note that a corporate insider's stock sale doesn't always signal caution about the company's future potential. They may sell shares for various reasons, including financial or personal obligations. In this case, it seems Huang is capitalizing on the recent rally in Nvidia shares. He is not offloading his entire stake in the company. He still has millions of shares left under the 10b5-1 trading plan. CEO Takes Profits as Stock Hits 52-Week High The sale comes as Nvidia stock continues its strong run. The stock has climbed more than 75% over the past three months, driven by the AI boom. The chipmaker recently hit a 52-week high after it announced its plans to resume H20 chip sales to China. to hit a $4 trillion market cap, fueled by booming demand for AI chips, surpassing both Microsoft (MSFT) and Apple (AAPL). According to the Form 4 filed with the SEC on July 18, Huang sold 75,000 NVDA shares in multiple tranches at weighted average prices ranging between $169.7 and $173.6 per share. NVDA stock currently has a Very Negative Insider Confidence Signal on TipRanks, based on Informative Sell transactions worth $438 million, undertaken in the last three months. It is important to keep an eye on the Informative trades of corporate insiders, given their knowledge of a company's growth potential. Interestingly, TipRanks offers daily insider transactions as well as a list of top corporate insiders. It also provides a list of hot stocks that boast either a Very Positive or Positive insider confidence signal. Is NVDA a Good Buy Right Now? On TipRanks, NVDA stock has a Strong Buy consensus rating based on 34 Buys, three Hold ratings and one Sell rating. Also, the average Nvidia price target of $182.49 implies 5.85% upside potential from current levels. Year-to-date, NVDA stock has gained over 28%.
New Indian Express
17-07-2025
- Politics
- New Indian Express
KSRTC staff on strike from August 5 over pay hike
BENGALURU: The Joint Action Committee (JAC) of Karnataka State Road Transport Corporation has announced an indefinite strike from August 5, if their demands are not met. The strike will affect lakhs of people who depend on state-operated buses for travel. Pay hike with effect from January 1, 2024, settlement of pending salary arrears for 38 months (January 1, 2020, to February 28, 2023) and wage revision to be in effect for four years (from January 1, 2024 to December 31, 2027), deputing only corporation drivers to operate electric buses instead of those deputed by private players, scientific revision of Form 4 (which assigns timings for each bus route) are some of their major demands of nine pointers submitted to the CM along with the strike notice dated July 15, 2025. The JAC, led by the All India Trade Union Congress (AITUC)-affiliated KSRTC Staff and Workers' Federation, with the support of five other unions, announced at a press conference here on Wednesday that they had served the strike notice to Chief Minister Siddaramaiah. It recalled previous instances of having withdrawn their strike after promises from the CM, who they claimed had taken a negative stance against their demands, and condemned his move at a meeting on July 4. In their letter, the JAC said, 'In the July 4 meeting, you (CM) rejected our demands. You questioned the previous government's order, manipulated it without understanding the order and stated that there are no pending dues to be cleared, and that the next wage revision will only be in 2027.' They said the CM's stand has come as a shock to the workers, and recalled how workers had strived for the rollout of the government's Shakti scheme, which helped RTCs get awards, and accused the CM of delivering grave injustice.
Time of India
12-07-2025
- Business
- Time of India
Home buyers left in the dark as MahaRERA blocks details of project under abeyance
Mumbai: Home buyers and advocates are unable to view details of projects kept on abeyance on the MahaRERA website. When some attempted to view details of a project on the website, a message is displayed stating the project is kept in abeyance and the bank account is frozen. However, all vital details, such as completion date, occupancy certificate, approval status, and past orders, are inaccessible to home buyers. Lawyers claim that without public access to essential details, such as Form 4, project approvals, and prior MahaRERA or appellate orders, home buyers will be prevented from availing legal remedy. However, MahaRERA officials have said that the home buyer can write to the regulator seeking details of their project, and the same would be mailed to them. "A home buyer approached seeking to register a complaint regarding a project since there was a delay in the handover of the flat with OC to my client. When I was trying to access all details of the project, including the orders passed by MahaRERA regarding the project, which would enable me to cite the orders in my complaint, a message on the website said that the project is kept in abeyance. All orders regarding a project are normally displayed on the website, which is for the benefit of the home buyers," said Advocate Godfrey Pimenta. Pimenta has written to the state housing department highlighting the issue and pointed out that Section 4(2)(l) of the Real Estate (Regulation and Development) Act, 2016 (RERA) mandates the developer and the regulator to make available all project-related information to the public. Pimenta stated that MahaRERA froze the project but failed to preserve access for prospective complainants. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai A MahaRERA official pointed out that details of lapsed projects are available. "Details of only those projects, which have been kept on abeyance, are not available on the website. We can provide the same if a home buyer writes to us. Projects are kept in abeyance when the project becomes non-compliant, including not updating progress and status of the project. After a notice is issued, sufficient time is given. Thereafter, the registration is temporarily suspended, and their website is blocked, besides their bank accounts too are frozen. We also ensure no registration of units is carried out in the project. We are not providing any details of the project kept in abeyance in the interest of the home buyers," said a MahaRERA official. The Watchdog Foundation demanded that the MahaRERA portal should resume public access to all non-sensitive details of the project while retaining any regulatory freeze.
