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Telcos deposit ₹13,475 cr. for spectrum auction

The Grandest Historic Mansion in Each State

Owning one’s own home is a central piece of the American dream, and some Americans dream bigger than others. Throughout the centuries, wealthy residents nationwide have erected huge homes to house themselves and their families — as well as to flaunt their wealth.

Though there are large historic homes all across the nation, each state is home to at least one massive estate that towers over the rest. These mansions have thousands, if not tens of thousands, of square feet of floor space. They’ve housed billionaires, presidents, and even royalty. Most of these mansions were built in the era between the Civil War and World War II, and many now function as hotels or museums.

In order to determine the largest historic home in each state, 24/7 Wall St. reviewed media sources, local and state historical societies, tourism boards, and the National Register of Historic Places. Only homes built before 1966 were considered. The buildings had to serve as single-family homes at some point in their history.

Many of the mansions on this list are associated with America’s wealthiest and most notable family dynasties — names like du Pont, Vanderbilt, and Hearst. These families, headed by titans of industry who became some of the wealthiest people in history, created sprawling compounds, often surrounded by large grounds, to serve as single-family homes. This is the richest person of all time from your state.

Click here to see the grandest historic mansion in each state

Watch live Robinhood, Citadel and Reddit CEOs testify to the House on the GameStop mania

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The U.S. House Financial Services Committee GameStop hearing kicks off at 12 p.m. ET. on Thursday.

Robinhood CEO Vlad Tenev, Melvin Capital CEO Gabriel Plotkin, Reddit CEO and co-founder Steve Huffman, Citadel CEO Kenneth Griffin and Keith Gill, also known as Roaring Kitty, will testify to lawmakers about last month's GameStop trading turmoil.

In January, an epic short squeeze in GameStop's stock shocked Wall Street and drew attention to an emerging class of retail investors on social media platforms. GameStop's share price sky-rocketed to $483 per share, and subsequently lost 90% of its value.

Lawmakers will get a chance to grill the company chiefs about Citadel's relationship with Robinhood and Melvin Capital, why some brokerages restricted trading and how to protect retail investors.

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Russia’s Kalashnikov may make AK-203 rifle in India

Woos gadget lovers with hi-tech shotgun

Russian arms manufacturer Kalashnikov plans to start making its AK-203 assault rifle in India this year and wants to attract a wider audience with a hi-tech shotgun, chief executive Dmitry Tarasov said.

Named after the designer of the AK-47 assault rifle that has been used for decades in wars around the world, Kalashnikov has been seeking new business and markets after being hit by U.S. and EU sanctions over Russia’s annexation of Crimea in 2014.

It is targeting a 60% increase in annual revenue to more than 50 billion roubles ($675.33 million) by 2025, Tarasov told Reuters. Featuring a built-in computer, the Ultima shotgun envisages Wi-FI and bluetooth connectivity and can synchronise with smartphones.

Also central to Kalashnikov’s growth plans is India, where it aims to produce 6.7 lakh AK-203 rifles in the next decade together with the Indian Defence Ministry.

Bob Dole Says He’ll Undergo Treatment For Lung Cancer

WASHINGTON, Feb 18 (Reuters) – Former U.S. Republican Senator Bob Dole, who unsuccessfully ran for president in 1996, said on Thursday that he has been diagnosed with advanced lung cancer and will undergo treatment beginning next week.

“Recently, I was diagnosed with stage-four lung cancer….while I certainly have some hurdles ahead, I also know that I join millions of Americans who face significant health challenges of their own,” Dole, 97, said in a Twitter posting.

Known for his quick, searing wit and legislative skills, Dole had a long career in the U.S. Congress that included serving as Senate majority leader. In the early 1980s he chaired the Senate Finance Committee, which helps guide U.S. tax, trade and health policy.

He was soundly defeated by President Bill Clinton in the 1996 presidential election with Dole winning 40.7% of the vote to Clinton’s 49.2%.

Dole suffered serious wounds in Italy during World War II that resulted in a long hospitalization. 

(Reporting by Richard Cowan; Editing by Cynthia Osterman)

Telcos deposit ₹13,475 cr. for spectrum auction

Jio submits EMD of ₹10,000 crore.

Reliance Jio, Bharti Airtel and Vodafone Idea have submitted a total earnest money deposit (EMD) of ₹13,475 crore for the spectrum auction scheduled to start from March 1, according to information disclosed by the Department of Telecom on Thursday.

The total EMD amount is close to one-fourth of the amount required to be eligible for buying all spectrum, worth a base price of ₹3.92 lakh crore, put on the block.

The richest player Reliance Jio with net worth of ₹1.79 lakh crore has submitted an EMD of ₹10,000 crore, which indicates that the company will bid for spectrum in select spectrum bands. This is perhaps the highest EMD submitted by a telecom player for any spectrum auction held in the country till date.