Govt said to approve Vodafone Idea relief package which is smaller than expected| Business News

The Union Cabinet is said to have approved a relief package for Vodafone Idea Ltd., which is seen as smaller than expected. That sent the stock of the debt-laden telecom operator into a tailspin. The government has about 49% stake in Vodafone Idea. (Reuters) The government has frozen the AGR dues at ₹87,695 crore, while […]

Japan to issue $75 billion in new bonds to fund economic package| Business News

Japanese Prime Minister Sanae Takaichi’s government plans to issue more new bonds to fund its economic package than the corresponding amount last year, as concerns smolder over the nation’s public finances and rising yields. Japan Prime Minister Sanae Takaichi. (Bloomberg) The extra budget, totaling about ¥18.3 trillion ($117 billion), will be funded by ¥11.7 trillion […]

Elon Musk hijacks Tesla earnings call to pitch for $1 trillion pay package| Business News

Elon Musk, the world’s richest person, spent the end of Tesla Inc.’s earnings call pleading with investors to ratify his upcoming $1 trillion pay package and blasting the shareholder advisory firms that have come out against the plan. Tesla CEO Elon Musk. (AFP) “I just think that there needs to be enough voting control to […]