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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
Nifty has broken above a key chart pattern, signalling a bullish trend. However, market breadth remains weak, and volatility has increased. This suggests caution is needed. Investors should focus on specific stocks and manage risk. Sectors like Pharma, Metal, and Auto are leading. Mid-caps may see mixed performance. Other sectors are lagging but showing improvement.
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News and Media
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