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Spot gold in the London market breached $4,350 an ounce this week, marking a historic high. In India, prices have soared past 1,31,000 per 10 grams, in MCX, just ahead of the festive season.
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News and Media
Tesla's board has proposed a massive $1 trillion pay package for CEO Elon Musk. This plan, structured in stock awards, aims to incentivise Musk for achieving ambitious company milestones. Supporters believe it reflects his crucial role in Tesla's success. Critics, however, raise concerns about excessive pay, corporate governance and potential shareholder value dilution.
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News and Media
Thousands are protesting across America on Saturday. New York City is seeing major demonstrations in Manhattan and Brooklyn. These protests target government shutdown, immigration raids, and troop deployments. Organizers emphasize nonviolent action and attendee safety. This marks the second 'No Kings' protest and third mass movement against the administration this year.
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News and Media
Immigrant workers, vital to the U.S. economy, face job losses and deportation under new policies. This crackdown impacts low-wage laborers and skilled professionals, potentially slowing job growth and increasing inflation. Businesses, including farms and healthcare, report labor shortages and struggle to fill essential roles, raising concerns about economic stability and the nation's appeal to global talent.
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News and Media
ICICI Bank's net profit rose 5.2% to Rs 12,359 crore in Q2, exceeding market expectations due to lower provisions. Despite a predicted marginal rise in credit cost, the bank anticipates better loan growth in the second half of the fiscal year, supported by government initiatives.
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News and Media