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Adani stock fall: LIC, SBI 'lost over Rs 78,000cr' in market cap, FM still on 'mute mode', says Congress

IndiaTimes Saturday, 28 January 2023
The Congress Saturday questioned the "silence" of the Union finance minister and probe agencies after LIC and SBI "lost over Rs 78,000 crore" in market capitalisation of their shares due to exposure in Adani Group. LIC and SBI continue to invest in the Adani group even after the Hindenburg research report alleged share price manipulation and financial misappropriation by the group, Congress general secretary Randeep Surjewala claimed.
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TikTok CEO Grilled by Congress Amid Calls for App to Be Banned [Video]

TikTok CEO Grilled by Congress Amid Calls for App to Be Banned

TikTok CEO , Grilled by Congress , Amid Calls for App to Be Banned. On March 23, TikTok CEO Shou Chew made his first appearance before Congress. . On March 23, TikTok CEO Shou Chew made his first appearance before Congress. . CNN reports that lawmakers met Chew with intense criticism and calls for the app to be banned. CNN reports that lawmakers met Chew with intense criticism and calls for the app to be banned. When you celebrate the 150 million American users on TikTok, it emphasizes the urgency for Congress to act. That is 150 million Americans that the [Chinese Communist Party] can collect sensitive information on, Rep. Cathy McMorris Rodgers, Chair of the House Energy and Commerce Committee, via CNN. When you celebrate the 150 million American users on TikTok, it emphasizes the urgency for Congress to act. That is 150 million Americans that the [Chinese Communist Party] can collect sensitive information on, Rep. Cathy McMorris Rodgers, Chair of the House Energy and Commerce Committee, via CNN. In his defense, Chew stressed TikTok's independence from China, while emphasizing the app's U.S. ties. TikTok itself is not available in mainland China, we’re headquartered in Los Angeles and Singapore, and we have 7,000 employees in the U.S. today, Shou Chew, TikTok CEO, via CNN. TikTok itself is not available in mainland China, we’re headquartered in Los Angeles and Singapore, and we have 7,000 employees in the U.S. today, Shou Chew, TikTok CEO, via CNN. CNN reports that Chew's congressional appearance comes amid perceived national security concerns due to the app's ties to China through parent company ByteDance. However, Chew emphasized that the data TikTok collects is , "frequently collected by many other companies in our industry.”. We are committed to be very transparent with our users about what we collect. I don’t believe what we collect is more than most players in the industry, Shou Chew, TikTok CEO, via CNN. CNN reports that the data collected includes everything from private messages to users' geolocation and contact lists

Credit: Wibbitz Top Stories    Duration: 01:31Published

TikTok 'not an agent of China': Chief executive defends video app during tense US Congress hearing

TikTok's chief executive has sought to reassure US Congress that the Chinese-owned video app is not "an agent" of Beijing and poses no risk to national security.
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