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monetised assets worth Rs 1.56 lakh crore in 2023-24 as against the target of Rs 1.8 lakh crore under the National Monetisation Pipeline (NMP), taking the total monetisation to Rs 3.85 lakh crore in three years since the launch of the programme in 2020-21, NITI Aayog said on Wednesday. Under the NMP, the government had envisaged monetising assets worth Rs 6 lakh crore during the four year period from 2021-22 to 2024-25. Cumulative monetisation in 2021-22 and 2022-23 stood at Rs 2.30 lakh crore as against the target of Rs 2.5 lakh crore. According to the Aayog, the ministry of road transport and highways and the ministry of coal were the top two achievers with a total monetisation receipts of Rs 97,000 crore.

Juneteenth 2024 is here and the US is celebrating what is considered to be its second Independence Day. This marks the end of slavery in the US. After President Joe Biden signed the legislation adding June 19 to the list of federal holidays in 2021, millions of Americans get a paid holiday on this historic day. The American civil war ended on this day after General Gordon Granger marched into Texas with his troops in 1865 and released over 250,000 individuals working as ‘slaves’ in the various agricultural fields of the southern states. Will the retail stores, food restaurants and other eateries be open?

Vedanta Ltd is planning to spend $5 billion over the next decade as it looks to cut its carbon emissions by a fourth by 2030. The natural resources major eventually aims to be net neutral on carbon emissions by 2050. It will have 2.5 GW of renewable energy round-the-clock by 2030, of which 838 MW is currently under construction. The company is also targeting decarbonizing its complete light motor vehicle fleet by 2030, and three-fourth of its mining fleet by 2035, it shared in its annual report for 2023-24 (Apr-Mar). Last year, the company has invested $210 million on decarbonisation, and 7% of its light motor vehicle fleet was decarbonized. The company aims to achieve 50% decarbonization by the end of the current fiscal.

Bajaj Electricals, a part of the Bajaj Group, saw its shares climb steadily over the last four years, climbing from ₹229 to the current level of ₹1,050, marking a substantial gain of 358%.Over the last eight years, the stock has delivered even stronger returns to investors, with an increase of 430%. Looking ahead, HDFC Securities, a domestic brokerage firm, anticipates that the company is well-positioned to capitalise on anticipated improvements in demand, suggesting the continuation of the stock's upward trend.The company holds a prominent position in India’s fast-moving electrical goods (FMEG) segment, boasting a legacy spanning over eight decades.

Crypto investment firm Pantera Capital has set its sights on raising a new fund of $1 billion to inject fresh capital into the crypto industry.

Rich man’s fruit? In a first, India plans to import avocado from Brazil to tame domestic pricesThe available studies on post-harvest losses in India are not comparable and there is no emphasis on measuring food waste at the consumer level. Estimates of post-harvest losses in the country vary from 18% to 25% across the entire supply chain, though they are thought to be much higher, at up to 45%, for fruit and vegetables.“India’s food processing capabilities have immense potential.

—Name withheld on requestYour asset allocation, with an 85:15 equity-to-debt ratio, is commendable for long-term growth, particularly given your systematic investment plans (SIPs) in diversified mutual funds. To optimize your portfolio for your children's education and your retirement, consider the following strategies. For education goal planning, your estimated requirement of ₹3 crore today is projected to increase to approximately ₹5.92 crore in 8 years, assuming a 7% inflation rate.

A bulk carrier sank in the Red Sea days after an attack by Yemen’s Houthi rebels believed to have killed one mariner on board

Australia’s main opposition party says it plans to build Australia’s first nuclear power plants as early as 2035, arguing the government’s policies for decarbonizing the economy with renewable energy will not work

The European Union’s executive arm is criticizing France for running up excessive debt, a stinging rebuke at the height of the election campaign where President Emmanuel Macron is fighting off challenges of the extreme right and the left

Fatigue is setting in as a U.S. aircraft carrier nears its ninth month waging the most intense running sea battle since World War II

Inflation in the U.K. has returned to the Bank of England’s target rate of 2% for the first time in nearly three years

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Farming organizations are joining the chorus of concern over the federal government’s capital gains tax changes, with one group warning a House of Commons committee Tuesday that family-owned farms will be negatively affected.

The drop was widely expected, with the BoE's spring forecast predicting a return to target in 2024. Food prices were the largest contributors to the reduction in the headline figure, the ONS found, while the largest increase came from motor fuels. At the same time, core CPI rose by 3.5% in the year to May, compared with 3.9% in April. The three-year long wait for inflation to fall back to target is a «milestone moment», said James McManus, CIO at Nutmeg, with energy prices a «significant driver» in bringing down the headline figure. UK grocery inflation drops to lowest rate sinc...

Vedanta, citing multiple positives such as operational efficiencies, cost reduction, improved EBITDA estimates and visibility on demerger along with capex plans driving the next phase of growth. The average of revised price targets given by the six brokerages and research firms such as Nuvama, Phillip Capital, IIFL, CLSA, Motilal Oswal Financial Services and Investec, is Rs 536, indicating a 19% upside over Vedanta's closing price of Rs 450.

Hindustan Aeronautics (HAL) on Wednesday announced that it will be considering the payment of the final dividend for the financial year 2023-24 in its board meeting that will be held on June 26. “This is to inform that the Board of Directors of the Company in its meeting scheduled to be held on Wednesday, the 26th June, 2024 will consider, inter-alia, the recommendation of final dividend for the financial year 2023-24,” said HAL in a filing to the exchanges.

Zomato has jumped over 7 percent in 2 sessions after the food delivery firm confirmed discussions with Paytm regarding acquiring Paytm's movies and events business."We acknowledge that we are in discussions with Paytm for the aforementioned transaction, however, no binding decision has been taken at this stage that would warrant a Board approval and subsequent disclosure under applicable law," it said in a regulatory filing. “The above discussion is being undertaken with the intent to strengthen our going-out business further and is in line with our stated position of focusing only on our four key businesses currently," it added.Meanwhile, Paytm has also confirmed.

Also Read: Indian banks well placed with strong balance sheets, cheap valuations, says CLSAWhile operating profit growth in FY25 is expected to be superior for PSU banks compared to private banks, the brokerage sees more valuation comfort in private bank multiples versus those of PSU peers. Large-cap private banks like Kotak and HDFC Bank and mid-cap banks like IndusInd Bank are trading at valuation discounts to historical trends due to near-term idiosyncratic concerns.

₹16,612 per head per month, which is 3.1 times what the median person spends, according to a Mint analysis of the 2022-23 Household Consumption Expenditure Survey. In rural areas, the top 10% spends ₹8,569, compared to a median of ₹3,268, a gap of 2.6 times. On the surface, both urban and rural inequalities have declined since the last available survey from 2011-12, with a sharper decline in urban areas.

United Spirits, Radico Khaitan would be the key beneficiaries, according to Antique Stock Broking.The strong growth visibility should help companies to re-rate from current levels, the brokerage firm said in a report as it maintains a positive stance on United Spirits and Radico Khaitan.Also Read: Radico Khaitan, United Spirits and more: 5 liquor stocks surged 10%-88% in last one yearIt maintained a ‘Buy’ rating on United Spirits and raised the target price to ₹1,513 per share from ₹1,412 earlier, valuing at 60x PER. It also has a ‘Buy’ call on Radico Khaitan and has raised the target price to ₹1,996 per share from ₹1,849 previously, valuing it at 45x PER.United Spirits’ millionaire brands have grown 1% YoY in CY2023 driven by strong growth in mid and upper P&A segments.