Elon Musk, Tesla's CEO, recently bought company shares worth $1 billion. This purchase occurred on Friday across multiple transactions. It marks Musk's first open market stock purchase since February 2020. He acquired approximately 2.57 million shares. Tesla's stock performance has been strong over the past year. The company is also seeking shareholder approval for a new pay package for Musk.
RTA board chairman Kirk Dillard sent a letter to his counterparts at the CTA, Metra and Pace telling them to come prepared to talk about service cuts in detail at an Oct. 3 meeting.
Maharashtra Scooters, a Bajaj Group company, declared a massive interim dividend of Rs 160 per share (1,600% of face value), sending shares up nearly 3% on Monday. The record date is September 22, with payouts expected around October 13, 2025.
Muhammad Abu Dakha, a Palestinian, escaped Gaza for Europe. He paid to cross into Egypt and tried for asylum in China. After failing multiple attempts to cross to Europe, he bought a jet ski. He travelled with two others and was rescued off Lampedusa. He then travelled to Germany and applied for asylum. His family remains in Gaza.
U.S. and Chinese officials convened in Madrid for six hours, addressing critical issues like TikTok's future, existing tariffs, and broader economic concerns. Treasury Secretary Scott Bessent indicated progress on TikTok divestment but highlighted challenges in other areas due to China's "aggressive ask." Experts remain skeptical of a major breakthrough, anticipating a possible extension for TikTok's U.S. operations divestment deadline.
Muthoot Finance, Indias largest gold loan NBFC, has raised USD 600 million through an international bond issuance under its External Commercial Borrowing (ECB) programme. The proceeds will fund lending activities, allowing the company to extend more credit across India. The issuance saw strong global participation, highlighting investor confidence in Muthoot Finances growth strategy and fundamentals.
Eternal (formerly Zomato) emerged as mutual funds' top pick in August, attracting 7,200 crore, surpassing giants like Infosys and HDFC Bank. Several AMCs, including Aditya Birla Sun Life and Axis Mutual Fund, significantly added the stock, while SBI Mutual Fund reduced its holdings. Overall, equity mutual funds decreased cash balances, deploying funds into opportunities like Eternal's Ant Block deal.
