Infosys shares experienced a surge, climbing 2.3% to Rs 1,609, as investors rushed to secure the stock before it went ex-dividend. The final dividend of Rs 22 per share has a record date of May 30, making May 29 the last day to buy shares to qualify. The total dividend for FY25 will be Rs 43 per share.
A South Korean navy plane crashed near Pohang during a training exercise. The P-3C patrol aircraft had four crew members on board. Authorities are currently investigating the fate of the crew. The cause of the crash remains unknown. Rescue workers and fire trucks were dispatched to the site. There were no reports of civilian casualties.
Elon Musk net worth: Elon Musk concluded his tenure as a Special Government Employee for President Trump's cost-cutting task force, citing the end of his scheduled time. Despite a recent decline in Tesla's stock price and subsequent drop in net worth to $386.5 billion, Musk remains the world's richest person. He is expected to refocus on his ventures like Tesla, SpaceX, and X Corp.
Elon Musk concluded his advisory role with the Department of Government Efficiency (DOGE) under former President Trump, citing the end of his term as a Special Government Employee. His departure follows disagreements over spending bills and frustrations with bureaucratic delays. DOGE's cost-cutting efforts fell short of initial targets, prompting Musk to refocus on his business ventures, particularly Tesla.
Seth R Freeman from GlassRatner Advisory suggests that long-dated bond yields might slightly decline, offering temporary relief amidst ongoing uncertainty. The US court's tariff setback, now heading to appeals, injects volatility into business planning and global markets. Freeman emphasizes the global positive sentiment's significance, cautioning investors to closely monitor its impact on logistics, imports, and profit projections.
World Economic Forum founder Klaus Schwab has filed a criminal complaint against whistleblowers who anonymously alleged misconduct. This action follows the WEF's launch of an investigation into Schwab in April, prompted by a whistleblower letter. The investigation began shortly after Schwab, 87, announced his resignation as chairman without providing a specific reason.
Anand Shah of ICICI Prudential AMC discusses their successful PIPE and Value strategies, which have achieved impressive CAGR over the last five years. He highlights the importance of bottom-up stock selection, valuation discipline, and a long-term perspective for wealth creation. Shah remains bullish on Indian equities, emphasizing the potential in capex-linked sectors despite market volatility.
