Elon Musk becomes first person worth $700b following pay package ruling

Tesla CEO Elon Musk's net worth surged to $749 billion late Friday after the Delaware Supreme Court reinstated Tesla stock options worth $139 billion that were voided last year, according to Forbes' billionaires index, Reuters reported. 

Musk's 2018 pay package, once worth $56 billion, was restored by the Delaware Supreme Court on Friday, two years after a lower court struck down the compensation deal as "unfathomable."

The Supreme Court said that a 2024 ruling that rescinded the pay package had been improper and inequitable to Musk, according to Reuters. 

Gunmen kill nine in South Africa tavern attack

South African police say a manhunt is under way after a shooting at a tavern left nine people dead and another 10 injured in a township near Johannesburg, BBC reported. 

They say about 12 unidentified gunmen arrived in two cars in Bekkersdal, "opened fire at tavern patrons and continued to shoot randomly as they fled the scene".

The shooting happened at about 01:00 local time on Sunday (23:00 GMT Saturday). The police added that the tavern was licensed, according to BBC. 

Australian PM announces intelligence review as country mourns Bondi attack

Australia's Prime Minister Anthony Albanese has announced a review into the police and national intelligence agencies after the Bondi Beach attack in Sydney, BBC reported. 

"The ISIS-inspired atrocity last Sunday reinforces the rapidly changing security environment in our nation," Albanese said, using an acronym for the Islamic State group. "Our security agencies must be in the best position to respond."

The shooting, in which15 people were killed after two gunmen - father and son - opened fire at a Jewish festival has been declared a terrorist incident. Police say the attackers were inspired by "Islamic State ideology".

ICT Award 2025 concludes in Lalitpur

The 10th edition of the inDrive ICT Award 2025 concluded on Sunday, honoring contributions to Nepal’s information and communication technology sector.

Jointly organized by Living with ICT and ICT Foundation Nepal  at The Plaza, Pulchowk, Lalitpur, the event presented awards across 17 categories, honoring startups, innovators, entrepreneurs, institutions, and individuals. 

The program brought together more than 1,500 ICT professionals, entrepreneurs, policymakers, and dignitaries. The event was broadcast live on Himalaya Television.

Minister for Communications and Information Technology Jagdish Kharel inaugurated the program, while the closing ceremony was graced by Minister for Industry, Commerce and Supplies Anil Kumar Sinha. 

Senior government officials including Chief Secretary Samunraj Aryal and NPC Vice-Chair Dr. Prakash Kumar Shrestha attended the event as special guests.

Dinesh Silwal won the Nepali Diaspora ICT Award, Bibhushan Bista the Entrepreneur ICT Award, and Munni Rajbhandari the Woman Icon ICT Award. Institutional winners included the Social Security Fund(Digital Governance), NMB Bank (Digital Services – Enterprise), and Kopila Valley School (Digital Education – Private).

In startup and innovation categories, Arkbo Technologies won the inDrive Startup ICT Award, QuickCCA the Product ICT Award, and MindBridge the Rising Star Innovation Award. PriyoShop (Bangladesh) received the South Asia Startup ICT Award. Startups from all seven provinces were also recognized.

Speaking at the event, organizers and government officials emphasized ICT’s role in national development, digital governance, and economic growth. More than 750 nominations were evaluated over four months by expert juries.

inDrive served as the title sponsor, with NepalPay QR and TingTing as associate partners. 

Winners received trophies, certificates, cloud credits, software licenses, and international exposure opportunities.

 

Tatopani- Ghansa road section of Kaligandaki Corridor upgraded

The  road from Tatopani in Myagdi to Ghansa in Mustang has been upgraded under the Beni–Jomsom–Korala road project. 

The Beni–Jomsom–Korala road in the Kaligandaki river corridor is a national pride project. This highway connects China and India.

The plan to widen the road from Nagdhunga of Bhurung-Tatopani, Annapurna Rural Municipality-2 in Myagdi to Kaikhukhola section in Thasang Rural Municipality-4, Mustang, to 11 metres and to pave and asphalt it as a two-lane road was initiated in the fiscal year 2073/74.

Sharma–Gajurmukhi JV has completed the paving and concreting work on the Tatopani–Ghansa road section, which is 16.5 kilometres long. The road upgrading works have been contracted for Rs 630 million with a 'variation order', except for the 3.3 kilometres road damaged by landslides.

Project Manager of JV, Narendra Neupane, said that 2.5 kilometres of concrete and 10.7 kilometres of blacktop using DBSD technology have been completed.

It was completed five years later than the target.

Neupane said, "The delay in project construction was due to adverse geography, the coronavirus pandemic, floods and landslides, and a shortage of construction materials. The upgraded road is in the process of being formally handed over to the Road Project Office." 

The project has started work through a new contract in the landslide-affected areas of Guinthe, Khambhitta, Duwarikhola, Latokhola, Rupse, Ghoptebhir, and Thadokhola section.

In areas like Kabhrebhir cliff, Badarjung and Ghoptebhir cliff, the road has been widened through 'rock anchoring' due to steep rock face and narrow road.

The road has been asphalted in Nagdhunga, Jalthale, Guinthe, Sukebagar, Dana, Titar, Kabhre and Ghansa areas. The two-hour travel duration has been reduced to 30 minutes after the road was asphalted, said Ramesh Purja, the ward chairman of Annapurna Rural Municipality–3.

With the upgrading of this section of the road, travel has become easier for tourists, pilgrims, locals visiting Mustang, as well as cargo vehicles importing and exporting goods through the Korala checkpoint.

 

Doctor jumps off hospital, dies

A doctor, who jumped off the building of the Nobel Medical College in Biratnagar,  has died.

The deceased has been identified as Amit Yadav (34) of Rajbiraj Municipality-9, Saptari, Morang police Chief SP Kabit Katuwal said.

Yadav, who had completed his MBBS and was doing interning at the Nobel Medical College, committed suicide by jumping from the sixth and half floors of the hospital. 

According to a preliminary investigation, the deceased had mental problems. 

Police said that they are looking into the case.

 

 

 

Gold price drops by Rs 100 per tola on Sunday

The price of gold has dropped by Rs 100 per tola in the domestic market on Sunday. 

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 258, 300 per tola today.  It was traded at Rs 258, 400 per tola on Friday. 

The price of silver, however, has increased by Rs 100 and is being traded at Rs 4, 105 per tola.

 

Haaland propels Man City to top with double against West Ham

Manchester City climbed to the top of the table with a ruthless 3-0 dismantling of West Ham United on Saturday, as Erling Haaland bagged a double to top Cristiano Ronaldo's Premier League goals tally in less than half the time, Reuters reported. 

Pep Guardiola's men have 37 points after 17 games, while Arsenal, with 36 points, could reclaim top spot when they play at Everton later on Saturday. West Ham remain in the danger zone in 18th on 13 points.

City stamped their authority early on, and Haaland struck in the fifth minute when his first shot from Phil Foden's cross was parried by Alphonse Areola. He made no mistake with his second chance, firing home past the goalkeeper, according to Reuters.