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A federal judge said she’s not likely to approve the $30 billion settlement between the payment processing giants Visa and Mastercard and the merchants who say they’ve overpaid on swipe fees

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In a groundbreaking case, former executives of Hydrogen Technology Corporation have been sentenced to prison for manipulating the price of the company’s HYDRO token.

Union Budget for the fiscal year 2025 in July, several stakeholders have urged Finance Minister Nirmala Sitharaman to provide tax relief for salaried employees.The Union Budget 2024-25 is expected to be presented in Parliament on July 23 or 24.Salaried employees are hoping to see several favourable announcements, including an increase in income tax rebate, restoration of the old pension scheme (OPS) and formation of the 8th Pay Commission.The last pay commission was formed in 2014 and its recommendations were implemented in January 2016.They also want income tax slabs under the old tax regime to be adjusted or the tax exemption limit increased for the new tax regime.To boost consumption, the government may provide some tax relief to those with income above ₹15 lakh annually and may also explore reducing the income tax rates for annual income of ₹10 lakh, according to a report by news agency Reuters.In a pre-budget meeting on Monday, trade unions made some key demands to the finance minister.The unions had asked the government to stop the privatisation drive of PSUs, scrap the new pension scheme, fill all the existing vacancies in the central government departments and PSUs, and stop the practice of contract and outsourcing.“The ceiling limit for the income tax rebate for the salaried class on their salary and gratuity must be substantially raised.

Russia has sent two trains laden with coal to India via the International North-South Transport Corridor (INSTC), which connects Russia to India via Iran, according to Russia’s national railway company. A multimodal route that includes a railway, roadway network and seaports, the INSTC spans 7,200km (4,500 miles) from St. Petersburg to the port of Mumbai in India. The corridor is part of Russia’s push to find new transport routes in light of Western sanctions, which have forced it to shift trade flows from Europe to Asia and the Middle East, RT has reported. “For the first time, two trains with Kuzbass coal headed to India along the International North-South Transport Corridor. The trains set off from the Kemerovo region. They followed along the eastern branch of the INSTC through Kazakhstan and Turkmenistan to the Iranian port of Bandar Abbas,” Russian Railways said on Monday in its Telegram channel, RT reported. How INSTC can revolutionise India's trade The development of the INSTC, which connects Russia to India through Iran's Chabahar port, means a lot for India's trade. Now that Russia faces restrictions on sea trade due to the Ukraine war, the corridor assumes even more economic and strategic importance, especially when India sees it as an alternative to China's ambitious Belt and Road Initiative.

JM Financial, has set up BlinkX Gen AI Lab for operational efficiencies and enhancing customers’ experiences. Spread over 10,000 sq ft, BlinkX Gen AI Lab, based in Mumbai, has a dedicated team of in-house researchers and developers who aim to drive consistent innovations to deliver personalised trading strategies, risk management, portfolio optimisation, and faster decision-making capabilities to customers. Soumya Pattanayak, associate director, MarTech, AI and Digital Marketing, BlinkX by JM Financial, said, “The launch of BlinkX Gen AI Lab represents a major advancement in our AI capabilities. One of our standout innovations, amongst many, is the automated creative commentary generation, which will deliver personalised, real-time content tailored to each client's portfolio and relevant market events”.

Sundar Pichai and Microsoft’s Satya Nadella – did not make it to the list.On Monday, C-Suite Comp released two lists of the highest-paid CEOs based on two metrics: “total compensation granted" in 2023 and “compensation actually paid."Nikesh Arora, 56, was ranked number four on the list of “Highest earning CEOs in the US by total compensation granted in 2023" with earnings of $151.4 million and was on the 10th spot in the list of “Highest earning CEOs in the US by compensation actually paid in 2023" with an annual compensation of $266.4 million.Tesla CEO Elon Musk topped the list with a staggering earnings of $1.4 billion in 2023. 1- Tesla’s Elon Musk - $1.4 billion2- Palantir Technologies’ Alexander Karp - $1.1 billion3- Broadcom’s Hock Tan - $767.7 million4- Coinbase Global’s Brian Armstrong - $680.9 million5- Oracle’s Safra Catz - $304.1 million6- Airbnb’s Brian Chesky - $303.5 million7- TPG’s Jon Winkelried - $295.1 million8- Trade Desk’s Jeff Green - $291.7 million9- Applovin’s Adam Foroughi - $271.3 million10- Palo Alto Networks’ Nikesh Arora – $266.4 millionArora’s stellar career includes stints at Google and SoftBank Group.

Kalki 2898 AD, also featuring Amitabh Bachchan and Kamal Haasan, will hit the screens on Thursday. Originally in Telugu, it is releasing in Hindi as well, apart from the other three south Indian languages, and builds on the southern film template of action and spectacle, while boasting a pan-India star cast.

Mahabharata. He entered the Chakravyhu but couldn’t escape it.There is always a lag between the effort and its outcome. That is how nature is designed.

Reliance Industries, India's largest company by market capitalisation, reclaimed the ₹3,000 mark in today's trading session after a 15-session gap, setting a new record high of ₹3,037.95 per share by gaining 4.50%.By the session's close, the stock settled at ₹3,028, reflecting a significant 4.12% increase, marking its third-largest intraday gain in CY24 thus far. The rally propelled the company's market capitalisation to reclaim the ₹20 lakh crore mark, reaching ₹20.48 lakh crore, with an addition of ₹81,203 crore today.Also Read: Raymond stock crosses ₹3,000 mark as gains extend for 4th straight dayThe stock lagged in the recent market rally, showing an 8.3% increase in the last 15 sessions as compared to the Nifty 50's 9% surge, and has risen by 5.85% in June so far, slightly underperforming the Nifty 50, which gained 5.94% over the same period.

Centre fixes price of drugs for diabetes, hypertension, multivitaminsThe primary task of the committee is to strike a balance between pricing and availability of essential medicines, while offering incentives to the industry to foster growth and exports. Prices of drugs in India are regulated as per provisions of Drugs (Prices Control) Order, 2013, by the NPPA, under the aegis of the Department of Pharmaceuticals (DoP), that fixes the ceiling price of scheduled medicines.

Chart Beat: For Bharat Forge, non-auto segments to keep the ball rolling So far, so good, although this strong narrative ends here. While Bharat Forge’s consolidated FY24 Ebitda margin expanded 250 basis points (bps) year-on-year to 16.3%, this needs to be analysed closely by bifurcating the numbers into standalone and subsidiaries. The standalone business continues to chug along with 20% CAGR in sales and Ebitda during FY22 to FY24.

₹3,000 mark for the first time in today's intraday trade to hit another fresh all-time high of ₹3,030 apiece by gaining 9%. Remarkably, the stock achieved this milestone in just 10 weeks after crossing the ₹2000 mark.The rally in the stock has been fueled by a significant spike in delivery volumes over the last four sessions, averaging 200,000 shares compared to a typical 40,000.This surge in delivery volumes was attributed to several key factors: growth in the real estate business, prospects of the textile sector PLI scheme, expansion in their ethnic wear segment—a rapidly growing brand for the company—and improvements in the balance sheet.Also Read: Amara Raja stock gains 108% in CY24 so far; what lies ahead?Meanwhile, today's surge in shares has propelled them to achieve a 251% gain over the past two years and an impressive 618% increase in just three years.During FY24, Raymond Group sold its FMCG business and has now identified the core three businesses of lifestyle, real estate, and engineering as future growth pillars.The company aims for rapid expansion of its ethnic wear brand 'Ethnix by Raymond', with plans to open 100 stores in FY25 following the launch of 53 stores in FY24, bringing the total count to 114.

₹10,037.30 on June 18, 2024. Currently trading at ₹9,480.05, the scrip is just 5.5 percent away from its peak. It has surged around 109 percent from its 52-week low of ₹4,544.00, hit on August 14, 2023.Similarly, TVS also touched its record high of ₹2,524.95 on June 18, 2024.

Stock market today: MIC Electronics shares, a prominent multibagger stock, have shown significant growth in the Indian stock market. The small-cap stock with a market cap of ₹1,651 crore has risen from around ₹23.25 to ₹74.60 per share in one year, recording over 220 percent rally in this period.

Lumax Auto being a notable performer. The company's shares have been on a consistent winning streak, concluding the last 17 months with impressive gains.Also Read: Amara Raja shares gain 108% in CY24 so far; what lies ahead for this battery stock?From their January 2023 trading price of ₹224 apiece, they have surged by a remarkable 147% to trade at the current price of ₹554 apiece.

Mint. The strategic move is part of India's broader effort to diversify its trade partnerships and reduce its dependency on traditional markets. The scope of India's trade ties with New Zealand and South Africa, which is a key constituent of the South African Customs Union (SACU), is huge as India already shares robust trade relationships with both the countries.

Crossover Markets is best known for its execution-only electronic communication network, CROSSx, a low-latency institutional trading venue for digital assets, comprising an advanced matching engine and smart order routing.The firm recently reported over $3.15 billion in notional trading value, 415,450 trades, and over 141 billion quotes processed on CROSSx in Q1 2024."This fundraise comes at a time when institutional market structure is changing in digital assets," says Brandon Mulvihill, co-founder and CEO of Crossover Markets.

Multibagger stock: Hazoor Multi Projects shares are one of the multibagger stocks that the Indian stock market has delivered in the recent years. Once a penny stock, this multibagger stock has ascended from around ₹1.50 per share to ₹354 apiece, logging around 23,800 percent rally in five years.

₹1,000-2,000 to complete the RBI-mandated EDPMS closure, incurring a net loss. Other challenges include: a) customs clearance taking 1-6 days compared to under 24 hours in China; b) a consignment limit of $12,000 versus China’s $50,000; and c) having to write off international customer returns, which account for 15-25% of sales. To enhance India’s export competitiveness, the government must prioritize e-commerce exports as a key element of its 100-day agenda.

₹86,620 per kilogram today, driven by a strengthening U.S. dollar and rising Treasury yields after hawkish remarks from U.S.