Stock Market Surges, Top 5 Stocks Deliver Strong Returns Last Week
The stock market saw strong momentum last week, with Sensex and Nifty registering significant gains. Gretex Corporate, Retagio Industries, AVI Polymers, Shri Hari Chemicals, and Ansal Buildwell were the top-performing stocks, giving investors impressive returns. Among them, Gretex Corporate led the pack, delivering nearly 50% returns.
Walmart Hits Record High After OpenAI Partnership
Walmart, already a leading stock in the consumer staples sector, reached an all-time high following its partnership announcement with OpenAI. The collaboration has fueled investor optimism about innovation and efficiency gains. Despite broader economic challenges, Walmart’s sales have remained resilient, growing nearly 5% in the recent quarter and reinforcing the retailer’s strong market position.
Could Elon Musk Be the World’s First Trillionaire?
Is Elon Musk a trillionaire? Not yet,but under a newly proposed Tesla compensation plan, he could become one. The board has suggested a pay package worth up to $1 trillion, contingent on achieving aggressive targets over the next decade, including growing Tesla’s valuation to $8.5 trillion, delivering 20 million vehicles, and rolling out 1 million robotaxis and humanoid robots . Should Musk meet these milestones and shareholders approve the plan.
Business Update : Telecom, IT and mines ministries get new secretaries
Neeraj Mittal, a 1992 batch IAS officer who is currently the principal secretary of information technology department in Tamil Nadu, as the new secretary in the department of telecommunications. Mittal has been a senior advisor at World Bank Group and joint secretary in the Ministry of Petroleum and Natural Gas. Mittal will come in place of K Rajaraman.
Vedanta successfully lobbied indian govt to weaken environmental regulations
A new report has revealed that mining and oil giant Vedanta lobbied the Indian government during the height of the COVID-19 pandemic to weaken certain environmental regulations – and the government complied, without any public consultation.While on the global stage India – and the Modi government – claim to be on board with the focus on more rigid environmental laws, given the realities of climate change.
Ajay Banga Selected 14th President of the World Bank
Ajay Banga will be a "transformative leader", who will bring expertise, experience, and innovation to the position of World Bank President, US President Joe Biden has said after the top Indian-American business executive was confirmed as the new head of the international lender. The Executive Directors of the World Bank on Wednesday selected Ajay Banga as the 14th President of the bank for a five-year term beginning June 2.
Hero Vida V1 electric scooter launched at Rs 1.45 lakhs
First electric scooter from Hero MotoCorp Finally, after waiting for so many years, the country’s largest two-wheeler manufacturer Hero MotoCorp has finally entered the electric scooter segment. Hero MotoCorp has launched its electric sub-brand Vida’s first product.
