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₹2.1 lakh crore, almost double the amount which bond markets expected.While the higher dividend provides larger flexibility to the central government on the fiscal side, the positive surprise enthused the markets, with the benchmark 10 year bond yield ending the month at 6.98%.Also Read: Expert view: Indian stock market not in a bubble, still below the long-term trendline, says Devina Mehra of First GlobalMeanwhile, India’s headline retail inflation fell to a 12-month low of 4.75% in May. Domestic GDP growth for FY24 rose to 8.2% YoY from 7.0% in FY23, while GVA growth rose to 7.2% versus 6.7% in FY2023.

eading electric vehicle (EV) charger and telecom power solutions provider. The share price of Exicom Tele-Systems Ltd has more than doubled since its listing not long ago. On debut, the stock price saw a bumper listing, surging over 86% from its offer price of ₹142.

Elon Musk told employees on Monday that the electric vehicle maker is working on stock-based compensation for high-performing employees, according to two people who reviewed an internal memo.The plan comes just days after Musk won shareholder approval for his $56 billion pay plan consisting of stock options and two months after he announced job cuts affecting more than 10% of Tesla's global workforce in the face of slowing demand for EVs and intensifying price competition from Chinese rivals."Over the next few weeks, Tesla will be doing a comprehensive review to provide stock option grants for exceptional performance," Musk said in an email, according to the two people who reviewed it and are based in China and the U.S., respectively. They declined to be named as the memo is for internal use."There will also be an ongoing program to award spot option grants for anyone who does something outstanding for the company.

Poonawalla Fincorp Limited has announced the grant of stock options under the Employee Stock Option Plan-2024 Scheme-II (ESOP-2024 Scheme-II). According to an exchange filing, the Nomination and Remuneration Committee of the Board of Directors made the decision on June 17, 2024.As per the announcement, a total of 2,000,000 and 230,000 stock options were granted under Tranche-04 and Tranche-05 of ESOP-2024 Scheme-II to eligible employees.

According to the regulator's Financial Services Register, the authorisation became effective on 11 June, with the LTAF named CG Arcmont LTAF, while its sub-fund has been called CG Arcmont Private Credit Europe LTAF. FCA approves Legal & General's first private markets LTAF Arcmont Asset Management is a private debt asset manager, which was acquired by Nuveen in 2023. It has offices in London, New York, Paris Munich, Madrid, Milan, Stockholm and Luxembourg. The LTAF is open-ended product, set to provide an element of liquidity to investors and exposure to European direct lending opp...

Tesla CEO Elon Musk told employees on Monday that the electric vehicle maker is working on stock-based compensation for high-performing employees, according to two people who reviewed an internal memo. The plan comes just days after Musk won shareholder approval for his $56 billion pay plan consisting of stock options and two months after he announced job cuts affecting more than 10% of Tesla's global workforce in the face of slowing demand for EVs and intensifying price competition from Chinese rivals.

Chimpzee, a crypto project enabling participants to earn while supporting planet earth and combating climate change, has unveiled a contest centered around its unique NFT Passports. This promotion presents participants with the opportunity to secure a share of a $10,000 prize, enticing collectors, investors, and enthusiasts from across the globe.

₹3,006.45 apiece on the BSE.Auto major Mahindra & Mahindra (M&M), in its Investor Day presentation, announced its plans to launch a total of 23 new vehicles by 2030, including new SUVs. M&M's SUV market share has risen from 15% in FY21 to 18% in FY24.The company also plans to introduce seven Born Electric Vehicles (BEV) by the end of the decade.

Reasons to BuyReasons to AvoidThe Onelap GO GPS tracker offers a comprehensive solution for vehicle tracking and security, making it a valuable asset for both individual owners and fleet managers. Its compact size and user-friendly interface make it easy to install and operate.

Japan's Nikkei share average rebounded and gained 1% on Tuesday, as investors bought back stocks following the index's sharp loss in the previous session. The Nikkei was up 1.05% to 38,504.11 by the midday break. The index ended 1.8% lower on Monday, slipping below the psychologically key 38,000 level for the first time this month.

demerger process of Quess Corp, aimed at unlocking value at India's biggest third-party supplier of private-sector staffing needs, is likely to be completed in up to a year. The company may soon file an application with the National Company Law Tribunal (NCLT), Ajit Isaac, its chairman, told ET. «Re-rating of its businesses is one of the reasons for the demerger due to a simplified structure, as it allows each of these companies to focus better by providing greater capital allocation flexibility, improved market position, and other benefits,» Isaac said.

NEW DELHI : Official statistics can sometimes seem at odds with ground realities. This is a debate usually confined to growth numbers, with the legitimacy of high growth often questioned on the basis of anecdotal evidence or an underlying data point. However, when it comes to inflation, it is no secret that the Consumer Price Index (CPI) needs a complete overhaul.

advance tax collection in this financial year till June 15 surged 27.6% year-on-year to ₹1.48 lakh crore, signalling a robust economy and strong corporate performance, said people privy to the information. The amount included ₹1.14 lakh crore as corporate tax and ₹34,362 crore as personal income tax, they said. The advance tax collection between April 1 and June 15 last year was ₹1.16 lakh crore, comprising ₹92,172 crore as corporate tax and ₹23,513 crore as personal income tax.

Outer Banks star Madison Bailey provides a production update for Season 4, hinting at a near completion and a release before the end of 2024. Fans eagerly await the next chapter of the treasure-hunting saga.

manga series, One Piece, has left fans eagerly awaiting the next installment. The previous chapter saw a thrilling battle between Zoro and Nusjuro, with the outcome leaving many questions unanswered. In this article, we'll provide an update on the release date and speculate on what to expect in the upcoming chapter, as per a Dexerto report. Chapter 1117 Recap

The Canadian real estate market showed further signs of sluggishness in May, with the national benchmark home price slipping to $714,300, down 0.2 per cent from April to May 2024, and 2.4 per cent year over year. Despite this, the Canadian Real Estate Association (CREA) remains optimistic, expecting the recent rate cut by the Bank of Canada to inject new life into the market.

A U.S. bankruptcy judge has approved the sale of the majority of Express Inc.’s operations to a consortium led by brand acquisition and management firm WHP Global — providing a lifeline to the struggling retailer and its hundreds of remaining stores

the lawsuit filed by “Sunday Ticket" subscribers entered its third week. “We have been clear throughout that it is a premium product. Not just on pricing but quality," Goodell said during cross-examination in a Los Angeles courtroom.

The way the NFL can distribute its package of out-of-market games could be decided in federal court as the result of a class-action lawsuit

Stocks that are trading heavily or have substantial price changes on Monday: Autodesk, Walt Disney rise; AMC Networks, Dycom fall

At the recent BTC Prague event, Trezor’s CEO unveiled the latest additions to Trezor’s comprehensive suite of products and services. The first product launched was a new hardware wallet, Trezor Safe 5, part of the Trezor Safe Family. He also revealed Trezor Expert, a service designed to simplify onboarding into self-custody.