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The allotment results for NSDL’s Rs 4,011.60-crore initial public offering

Top stocks to buy (AI image) Stock market recommendations: According

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The allotment results for NSDL’s Rs 4,011.60-crore initial public offering (IPO) is set to be announced Monday i.e. August 4, following an overwhelmingly positive response from investors. The IPO, priced

Technically, Gold on COMEX was not able to breach the important $3280 mark on the lower side, hence some upside could be seen from these levels. (AI image) Gold price

In a significant development for the Indian financial markets, the net inflow of foreign portfolio investors (FPI) into the Indian primary market has reached a seven-month high of $1.7 billion

Top stocks to buy (AI image) Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting August 4, 2025) are Suzlon, and

Mumbai: The less, the merrier – that’s the mantra in the startup and venture capital space, where there’s an increasing shift towards building smaller teams. More investors are now also

Mumbai: The country’s oldest bad loan company, IPO-bound Arcil (Asset Reconstruction Company of India) , gives an insight into the future of loan recovery for retail loans in its offer

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JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Russia-backed Nayara Energy looks at India’s state-run oil companies to offload petrol, diesel exports Nayara Energy has approached Indian state-run oil marketing companies (OMCs) to offload its export volumes of

US President Donald Trump on Saturday claimed that he had “heard” reports of India halting Russian oil imports, hailing it as a “good step”. “I understand that India is no

Will Elon Muck Cut Social Security: Elon Musk’s latest on Social Security, Medicare raises alarm: ‘Entitlement spending’

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Elon Musk's latest on Social Security, Medicare raises alarm: 'Entitlement spending'
Elon Musk’s latest statement on Social Security has created confusion.

Elon Musk’s latest statement on Social Security and Medicare in an interview with Fox News raised an alarm as he called this ‘entitlement spending‘. Elon Musk’s supporters, however, claimed that his statement was misconstrued by the Democrats and Elon Musk did not ever mention that he wanted to cut Social Security but he was talking about cutting down the fraud. Musk has already shut down SSA offices triggering speculations that his Department of Government Efficiency would now come after the Social Security payments.
The apprehension turned true as Musk suggested that $500 billion to $700 billion in waste needed to be cut. “Most of the federal spending is entitlements. That’s the big one to eliminate,” Elon Musk said in the Fox interview.

White House official responds to Pete Buttigieg over Social Security row

Former transport secretary Pete Buttigieg slammed Elon Musk’d statement on Social Security and said, “There were howls of protest and denial from the GOP any time we pointed out that Republicans want to cut Social Security. Now the most powerful official in the White House goes on TV and calls it ‘the big one to eliminate,” Buttigieg wrote.
Alex Pfeiffer, deputy assistant to the president and principal deputy communications director, corrected Buttigieg and said despite being Ivy League educated, Buttigieg could not understand that Musk was speaking about ‘waste and fraud in entitlement spending’.
“Pete Buttigieg is Ivy League educated and allegedly smart. So can he not hear Elon say “waste and fraud in entitlement spending” or is he lying to you?” the White House official said.
Bishop Talbert Swan posted: “The richest man on Earth, who pays little to no taxes, thinks your grandmother’s medicine and your grandfather’s check are the problem—not corporate greed, not tax breaks for the wealthy, not trillion-dollar war budgets. This level of wickedness is staggering.”
“Musk said the quiet part out loud: he’s going after your Social Security and Medicare. Period,” Sen. Elissa Slotkin, D-Mich., wrote on X. “Mark my words. They will make you pay in every part of your life.”
Democrat podcast host Brian Tyler Cohen wrote, “Elon Musk just said he wants to cut Social Security and Medicare, calling them ‘entitlements’: ‘That’s the big one to eliminate.’”





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