By RANDALL CHASE, Associated Press DOVER, Del. (AP) — A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk’s multibillion-dollar pay package Chancellor Kathaleen St. Jude McCormick on Monday denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. McCormick also rejected an equally unprecedented and massive fee request by plaintiff attorneys , who argued that they were entitled to legal fees in the form of Tesla stock valued at more than $5 billion. The judge said the attorneys were entitled to a fee award of $345 million. The rulings came in a lawsuit filed by a Tesla stockholder who challenged Musk’s 2018 compensation package. McCormick concluded in January that Musk engineered the landmark pay package in sham negotiations with directors who were not independent. The compensation package initially carried a potential maximum value of about $56 billion, but that sum has fluctuated over the years based on Tesla’s stock price.
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NEW YORK , Dec. 2, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The global automatic doors market size is estimated to grow by USD 8.41 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 7.2% during the forecast period. Gaining traction in construction market is driving market growth, with a trend towards increase in demand for automatic doors for cleanrooms. However, accidents and safety concerns poses a challenge. Key market players include Allegion Public Ltd. Co., ASSA ABLOY AB, Auto Ingress Pty Ltd, Avians Innovations Technology Pvt. Ltd., Deutschtec GmbH, Dormakaba Holding AG, GEZE GmbH, JM Entrance Automation Pvt. Ltd., KBB International Co. Ltd, KONE Corp., Landert Group AG, MAGNETIC FAAC India Pvt Ltd., MANUSA GEST SL, Nabtesco Corp., Ningbo Meibisheng Auto gate Co. Ltd., Ningbo Ownic Technology Door Ltd., Ozone Overseas Pvt. Ltd, PortaFab Corp., Royal Boon Edam International BV, and Vina Sanwa. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Key Market Trends Fueling Growth Automatic doors are becoming increasingly popular in various sectors due to their convenience, accessibility, and safety benefits. Infrastructure development projects such as malls, airports, hotels, multiplexes, restrooms, hospitals, and commercial buildings are major consumers of automatic doors. These doors offer seamless entry and exit systems for individuals, making them ideal for public places. In the transportation sector, automatic doors are used in railway stations, bus terminals, and subway systems, enhancing the overall travel experience. Smart home applications and automation are also driving the demand for automatic doors, offering energy efficiency and privacy with mechanisms like privacy glass and opaque panels. Raw materials like metal and glass are used to manufacture automatic doors, with mechanisms including sliding and manual operation. Sensors and control systems are essential components, with options for photoelectric sensors, infrared sensors, and cable-free operation. Automatic doors offer safety features, including emergency departments, critical care units, and patient care areas, with response times crucial for emergency care. The transportation sector and commercial spaces, including office complexes, restaurants, and transportation infrastructure, are also investing in automated solutions for a hands-free, sensor-based type of experience. Building safety regulations and consumer spending power are key factors influencing the market growth of automatic doors. Additionally, automatic doors are customized to cater to various sectors, including healthcare facilities, laboratories, and educational institutions, ensuring cross-contamination and germ prevention. Overall, automatic doors offer a convenient, accessible, and safe solution for various industries and applications. The automatic doors market is witnessing significant growth due to the increasing demand for automatic doors in cleanroom environments. Cleanrooms are essential in industries such as laboratories and hospitals, where maintaining a sterile environment is crucial. Automatic doors are the preferred choice in these settings as they minimize microbial contamination and prevent cross-contamination. The integration of automatic doors in cleanrooms is becoming standard practice to ensure safety for both people and products. These doors are designed with materials that allow for the seamless integration of HVAC systems and entrances, maintaining the required microbiological levels while minimizing dust particle entry. The market for automatic doors in cleanroom applications is expected to expand substantially during the forecast period. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges Automatic doors have become a standard infrastructure in malls, airports, hotels, multiplexes, hospitals, and various commercial buildings. These doors offer convenience and accessibility for individuals, especially those with mobility issues. However, challenges exist in meeting the unique needs of different sectors. For instance, in hospitals and emergency departments, safety, energy efficiency, and response times are critical. In contrast, in smart home applications and automation, cable-free operation and seamless experience are essential. Raw materials, such as privacy glass and opaque panels, add to the cost. Mechanisms like sliding doors and manual operation require regular maintenance. Sensors and control systems, including photoelectric and infrared sensors, ensure hands-free operation in public places. Building safety regulations and consumer spending power influence the market's growth. The transportation sector, including railway stations, bus terminals, and subway systems, also presents significant opportunities. Infrastructure development projects and commercial spaces like offices, restaurants, and transportation infrastructure require automated solutions for efficient operation and enhanced user experience. Additionally, sensor-based types cater to the needs of wheelchair operators and laboratories. Privacy, cross-contamination, and germs are concerns in public places. Automatic doors offer a convenient and accessible solution for various sectors, ensuring a seamless experience while adhering to safety regulations. Automatic doors offer convenience and accessibility for businesses and their customers. However, the implementation of these doors comes with potential liabilities. Malfunctioning hardware can result in accidents, leading to financial losses for pedestrians and potential litigation against property owners. Regular maintenance is crucial to prevent such incidents. Neglecting this responsibility can result in costly lawsuits. The risks associated with automatic doors may hinder market growth, as businesses prioritize safety over convenience. Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This automatic doors market report extensively covers market segmentation by 1.1 Commercial 1.2 Industrial 1.3 Residential 2.1 Sliding doors 2.2 Swing doors 2.3 Folding doors 2.4 Revolving doors 2.5 Others 3.1 Europe 3.2 North America 3.3 APAC 3.4 South America 3.5 Middle East and Africa 1.1 Commercial- Automatic doors are essential in the commercial sector due to their safety, security, and convenience features. These doors are widely used in areas requiring hygienic conditions, such as hospitals, food processing units, and public transit systems. In commercial buildings, automatic doors are implemented for quick evacuation during emergencies, ensuring the safety of occupants. Touch-free activations like foot sensors and hand-wave sensors offer added convenience for staff. Automatic doors are also popular in areas with entry and exit barriers, such as parking plazas and toll plazas. The versatility and smart features of automatic doors are driving their demand in the commercial segment, making it a significant growth area in the global automatic doors market. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Research Analysis The Automatic Doors market encompasses a wide range of applications including malls, airports, hotels, multiplexes, restrooms, hospitals, and smart home applications. These doors offer convenience, accessibility, and safety for individuals, making them an essential component of modern infrastructure. Automatic doors come in various types such as entry systems and exit systems, with mechanisms that include sensors like photoelectric and infrared. They can be operated manually or automatically, with cable-free operation being a popular choice for smart home automation. Automatic doors provide energy efficiency, adding to their appeal, and are integral to smart building solutions. Raw materials used in their production include metals, glass, and plastics. The market continues to evolve, offering customized solutions to meet the diverse needs of various industries. Market Research Overview The Automatic Doors market is witnessing significant growth due to the increasing demand for convenience, accessibility, and safety in various sectors. Automatic doors are increasingly being used in malls, airports, hotels, multiplexes, restrooms, hospitals, and other commercial buildings. Infrastructure development projects, railway stations, shopping malls, educational institutions, and transportation infrastructure are some of the major applications driving the market's growth. Automatic doors offer several benefits, including energy efficiency, safety mechanisms, and seamless experience. They come in various types, such as sliding automatic doors, manual operation, and sensor-based types. The market also offers customized solutions for individuals and smart home applications. Raw materials used in automatic doors include metal and glass, while mechanisms include photoelectric sensors, infrared sensors, and cable-free operation. Automated solutions and smart building solutions are also gaining popularity. The transportation sector is a significant consumer of automatic doors due to building safety regulations and consumer spending power. Automatic doors offer privacy and security with opaque panels and emergency departments, critical care units, patient care, and emergency teams benefit from quick response times and sensor-based types. Automatic doors are also used in public places such as theaters, grocery stores, and laboratories to ensure a seamless experience and prevent cross-contamination and germs. Maintenance charges are a concern, but the benefits of automatic doors outweigh the costs. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation End-user Commercial Industrial Residential Product Sliding Doors Swing Doors Folding Doors Revolving Doors Others Geography Europe North America APAC South America Middle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE TechnavioDOVER, Del. (AP) — A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk’s multibillion-dollar pay package Chancellor Kathaleen St. Jude McCormick on Monday denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. McCormick also rejected an equally unprecedented and massive fee request by plaintiff attorneys , who argued that they were entitled to legal fees in the form of Tesla stock valued at more than $5 billion. The judge said the attorneys were entitled to a fee award of $345 million. The rulings came in a lawsuit filed by a Tesla stockholder who challenged Musk’s 2018 compensation package. McCormick concluded in January that Musk engineered the landmark pay package in sham negotiations with directors who were not independent. The compensation package initially carried a potential maximum value of about $56 billion, but that sum has fluctuated over the years based on Tesla’s stock price. Following the court ruling, Tesla shareholders met in June and ratified Musk’s 2018 pay package for a second time, again by an overwhelming margin. Defense attorneys then argued that the second vote makes clear that Tesla shareholders, with full knowledge of the flaws in the 2018 process that McCormick pointed out, were adamant that Musk is entitled to the pay package. They asked the judge to vacate her order directing Tesla to rescind the pay package. McCormick, who seemed skeptical of the defense arguments during an August hearing, said in Monday’s ruling that those arguments were fatally flawed. “The large and talented group of defense firms got creative with the ratification argument, but their unprecedented theories go against multiple strains of settled law,” McCormick wrote in a 103-page opinion. The judge noted, among other things, that a stockholder vote standing alone cannot ratify a conflicted-controller transaction. “Even if a stockholder vote could have a ratifying effect, it could not do so here due to multiple, material misstatements in the proxy statement,” she added. Meanwhile, McCormick found that the $5.6 billion fee request by the shareholder’s attorneys, which at one time approached $7 billion based on Tesla’s trading price, went too far. “In a case about excessive compensation, that was a bold ask,” McCormick wrote. Attorneys for the Tesla shareholder argue that their work resulted in the “massive” benefit of returning shares to Tesla that otherwise would have gone to Musk and diluted the stock held by other Tesla investors. They value that benefit at $51.4 billion, using the difference between the stock price at the time of McCormick’s January ruling and the strike price of some 304 million stock options granted to Musk. While finding that the methodology used to calculate the fee request was sound, the judge noted that the Delaware’s Supreme Court has noted that fee award guidelines “must yield to the greater policy concern of preventing windfalls to counsel.” “The fee award here must yield in this way, because $5.6 billion is a windfall no matter the methodology used to justify it,” McCormick wrote. A fee award of $345 million, she said, was “an appropriate sum to reward a total victory.” The fee award amounts to almost exactly half the current record $688 million in legal fees awarded in 2008 in litigation stemming from the collapse of Enron.Trudeau told Trump Americans would also suffer if tariffs are imposed, a Canadian minister says
2025 will be an unpredictable year globally as leaders of big countries get transactional. Inflation will stay down, interest rates will decrease to spur growth, all big countries will practice their version of ‘nationalism”. Trade wars will replace physical wars. The Indian stock market has turned hot on digital options and ‘sachet” SIP. Sensex should touch 85,000. My 2024 predictions were spot on: I said the Sensex will cross 80,000; the Indian economy will grow around 6 per cent and the global economy at 3 per cent; I mentioned that politicians and marketers will offer more freebies; Indians will get more abusive in social media; and the job market will be tough. All came true. What do I see for 2025? I think these six trends will shape India and the world: 1. One leader — Donald Trump — will determine the slope and shape of the global economy and that of the top 10 economies. Four Ts will hold centre-stage — temperamental, transactional, tariffs and threats. ‘Making America Great Again’ will mean ‘Making the world weak to make America great at negotiation’. This will hold if the US economy grows around 2 per cent. Politics will look inwards everywhere, ‘nationalism’ will bloom more, non-American allies and friendships will thrive. Convenience and political expediency will rule over vs policy and alliances. India will grow between 5.5 and 6.5 per cent, as government spending slows down. 2. Three Is had a significant impact in the major elections of 2024 — inflation, immigration and interest rates. Interest rates will come down as leaders choose growth. The big countries will get tougher on immigration. This is not a good sign for India which could be the global talent provider by 2030. Inflation will stay down in most countries; the dollar will get stronger, and all talks of an alternative reserve currency will remain just be talk. 3. Time as a monetisable variable is working in India. It started with Domino’s Pizza years ago with its 30-minute delivery challenge, then Indigo made a virtue of ‘Indigo standard time’. Now quick commerce is redefining the old ‘Indian Stretchable time’ as ‘Instant Shopping Time’. Q-commerce is here to stay and will impact all categories sooner or later; we see big impact in food, in fresh, convenience-led categories. This will hurt legacy distribution partners. E-commerce companies need to rethink their existing business model. Q-commerce will impact the traditional retailer pushing all industries to reimagine consumer experience in the physical world. When and how will they make money? That’s for a later year! Leaderspeak on the business outlook for 2025 Deel’s workplace trends forecast for 2025 Year-end: Why is it a trigger for job moves? Why fast-moving goods are slowing Time to embrace ‘re-sign’ from resign 4. The Indian stock market and ecosystem is on steroids due to digital innovation and SIP investments as low as $3. In the last five years, the Indian stock market returned 80 per cent in dollar terms vs six per cent in emerging markets. In China, the market declined 15 per cent. Today, 20 per cent of Indian households have some investment in the stock market compared to 7 per cent five years ago. We have more investors than income taxpayers. Investment in the stock market is the new avenue for surplus salary/earnings, beating traditional investment instruments like real estate, gold and bank deposits. First time investors haven’t seen a drop, but it will come. A recent SEBI report said that 91 per cent of Indian investors are losing money! India accounted for 33 per cent of all global IPOs by number and 10 per cent by value in January-September 2024. Expect slightly lower IPO numbers in 2025. This investment in the stock market is hurting consumption in many categories which is unlikely to change till the market tanks. Expect Sensex to be around 85,000 by year-end despite challenges. 5. AI is being used more by consumers compared to corporates. 75 per cent of Open AI’s revenue is from consumers. We have a situation where consumers are using AI for their messages, e-mails, project work etc., well before using AI at work. This hasn’t happened with any technology so far. For all the hype over the last 24 months, corporate use cases haven’t shown speed. The AI promise is big, but the delivery is slow! 6. Well-being and mental health will replace work-life balance as an employee ask. Unemployment fears and job losses are real in the AI age. Stress at work is up, and 70 per cent of employees are unhappy at work. Companies need to provide mental health insurance. This eco-system will develop. As competitiveness steps up in every sector, so will the toxicity of managers who pursue their own narrow agenda. Employees will push back on toxicity by publicly naming, shaming, sharing videos and ‘selling’ their bosses online — This is a big trend in China. Job security will get a premium vs salary premium in 2025. (The writer is Operating Partner at Advent International and former chief of Pepsico India) CommentsHomlyns Electric Blanket: The Best Electric Blanket for Ultimate Comfort and Warmth
Hyderabad: The schedule for JEE (Joint Entrance Examination) Advanced, which is set to be conducted on May 18, 2025, has been released on its website, https://jeeadv.ac.in/ . Candidates who have secured the top 2.5 lakh rank in JEE Mains 2025 paper – I for BE/BTech are eligible for the exam. This applies across all categories. In Telangana, 13 centers have been provided for writing the JEE advance examination. These include Adilabad, Hyderabad, Karimnagar, Khammam, Kodad, Kothagudem, Mahabubnagar, Nalgonda, Nizamabad, Sathupally, Siddipet, Suryapet and Warangal. The organising institute, Indian Institute of Technology (IIT) Kanpur will commence the registration process from April 23 to May 2. Eligible candidates should pay the exam fees by May 5 till 5 pm. The registration fee for females, Scheduled Caste (SC), Scheduled Tribe (ST) and persons with disabilities (PwD) candidates is Rs 1600. For other candidates, it is Rs 3200. The entrance exam for admission into the IITs will be conducted in two sessions. Paper 1 will be conducted from 9 am to 12 noon, and Paper 2 from 2:30 pm to 5:30 pm. Eligible candidates can download admit cards from May 11 to May 18 between 10:00 am and 2:30 pm. The age criteria for the exam include candidates born on or after October 1, 2000. However, candidates from SC, ST, and PwD categories have a five-year relaxation, born on October 1, 1995.A year of mass attacks reveals anger and frustration in ChinaIn the dense Maoist insurgency-hit forests of Bastar in Southern Chhattisgarh, smartphones have emerged as a powerful tool reshaping the lives of the region’s youth and weakening the Maoist grip on local communities. While these devices are transforming their aspirations, they are simultaneously disrupting the operational strategies of Maoist insurgents. The proliferation of smartphones, bolstered by expanding mobile networks, has not only empowered local communities but also become a strategic asset for security forces combating left-wing extremism. Advertisement The expanding reach of mobile networks and affordable smartphones has opened up new horizons for the younger generation in Bastar. Online learning platforms, government job portals, and digital skill development programmes are now accessible even in remote villages. Advertisement Youths are attending virtual classes, preparing for competitive exams, and exploring career opportunities that were once beyond their reach. Furthermore, smartphones have enhanced awareness about government schemes, scholarships, and local job opportunities, instilling a sense of ambition and self-reliance among them. In Dantewada, the state government’s Niyad Nellanar project has proved a game-changer. Under the initiative, the district administration recently distributed more than 1,500 smartphones to villagers, along with free SIM cards and a year of free recharge. This effort ensured that even the remotest households could access digital services. Additionally, the administration helped villagers link their bank accounts to their smartphones, enabling them to benefit from various government schemes such as direct benefit transfers, scholarships, and health services. Emphasising the impact of the access to mobile phones, the Dantewada district collector said, “Smartphones have become a bridge between remote villages and mainstream society. With initiatives like Niyad Nellanar, we are witnessing a significant shift in the aspirations of the younger generation. They are using digital platforms for education, job preparation, and skill development, which were once out of their reach. The government’s efforts to expand mobile networks and promote digital literacy are not only empowering communities but also weakening the ideological grip of Maoists.” For decades, Maoists thrived by exploiting the isolation of Bastar’s rural communities. Smartphones, however, have given the region’s youth access to a world beyond the forests. Social media, online education, and entertainment platforms have introduced them to new ideas and aspirations. Many now choose education, entrepreneurship, and government programs over the Maoist movement. “The smartphone revolution has given the youth hope and a vision for a better future,” says Bijapur SP, Jitendra Yadav . Ironically, the same technology that is empowering the youth is becoming a liability for Maoist cadres. Smartphones have created vulnerabilities within their ranks as their reliance on mobile devices for communication and entertainment undermines their operational secrecy. Security forces are leveraging advanced mobile tracking technologies to intercept calls, monitor messages, and pinpoint locations of Maoist leaders and operatives. “Their smartphone dependency has significantly increased our operational success in dismantling key Maoist networks,” notes a senior CRPF official. Ganesh Mishra, a journalist based in Bastar, who is an expert on left-wing extremism, highlights the transformative role of smartphones in the region. He remarks, “Smartphones have inadvertently become a critical vulnerability for Maoist cadres, allowing security forces to monitor their movements with greater precision. Simultaneously, these devices are empowering local communities by granting access to education, employment opportunities, and essential government schemes. This dual impact of weakening insurgent networks while inspiring progress and hope among the youth is reshaping Bastar’s socio-political landscape and paving the way for a brighter and safer future.” Specialised forces like the Bastar Fighters, District Reserve Guard (DRG), and Central forces trained for anti-Maoist operations are benefiting immensely from smartphone-based intelligence. Precise mobile tracking has enabled targeted operations, reducing collateral damage and improving civilian safety. Simultaneously, awareness campaigns by security forces and other agencies are encouraging responsible smartphone use among villagers, empowering communities while mitigating Maoist recruitment efforts. Reports suggest that the Maoists have grown increasingly furious over the rising influence of smartphones in southern Chhattisgarh. Inputs from various parts of the region indicate that Maoists have started confiscating smartphones from villagers in an attempt to curb the spread of information and technology. Sources suggest that Maoists have seized over 800 mobile phones, reflecting their desperation to counter the transformative impact of digital connectivity on local communities. Despite these advancements, challenges persist. Network connectivity in the most remote regions remains patchy, limiting the impact of digital interventions. Additionally, smartphones have been misused to spread Maoist propaganda and misinformation. To address this, the Chhattisgarh government is expanding digital infrastructure and promoting digital literacy programs to ensure technology is used responsibly and effectively. Smartphones in Southern Chhattisgarh have become more than just communication tools, they are now catalysts of change. They are empowering the region’s youth with education and opportunities, weakening Maoist strongholds, and strengthening counterinsurgency efforts. As the smartphone revolution continues to reshape Bastar, it offers a beacon of hope for a region long overshadowed by violence, proving how even the most common technologies can spark transformative change. Advertisement
YouTube is intensifying its fight against clickbait by removing content with misleading titles or thumbnails. As first reported by TechCrunch , the platform will now remove videos that “promise viewers something that the video doesn’t deliver.” Read: This Lenovo ThinkBook Plus has an extendable laptop display This policy, initially rolling out in India, will gradually expand to other countries in the coming months, according to YouTube spokesperson Jack Malon. The focus is on “egregious” clickbait, particularly in videos related to breaking news and current events. YouTube provides examples such as a video titled “The President Resigned!” that fails to cover an actual resignation, or a “top political news” thumbnail used for a video lacking any news content. During the initial rollout in India, YouTube will remove violating content without immediately issuing strikes to creators. However, the company emphasizes that it will prioritize educating creators and that future enforcement efforts will primarily target new video uploads. This move demonstrates YouTube’s commitment to combating misleading content and improving the user experience for viewers.
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