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Elon Musk pushes entitlement fraud claims, calls for social security crackdown
Elon Musk has accused Democrats of using fraud in social security and medicare to attract immigrants and gain voters. He made these claims despite lacking evidence. He claims government programs are riddled with fraud, costing billions. Musk's Department of Government Efficiency (DOGE) is targeting alleged fraudulent payments, while social security faces workforce cuts and stricter identity verification measures under his influence.
Will Elon Musk-led DOGE change federal services in US forever?
Elon Musk's Department of Government Efficiency is making drastic cuts and changes to federal agencies, causing public dissatisfaction. Critics argue that the government should focus on improving services rather than indiscriminate cuts. There is growing concern that these actions could lead to a larger role for the federal government in the future, highlighting the need for a balanced approach.
Stocks in news: Vedanta, Bajaj Finserv, IndusInd Bank, Bank of Maharashtra, Triveni Engineering
Vedanta Chairman Anil Agarwal reaffirmed the company's commitment to unlocking value, saying the four new companies that will emerge from the demerger, have the potential to grow into $100 billion companies each.
Up to code: Softserv Solutions is changing the game for Indian IT subcontractors
IT entrepreneur Manoj Pipersania has big dreams for his micro enterprise. The 2023 ET MSME Awards nominee talks about his journey from ATM configurations to bagging some of the biggest international clients, and what makes him tick outside of work
IndusInd Bank shares surge nearly 6% after RBI’s reassurance to depositors
IndusInd Bank share price: IndusInd Bank shares spiked nearly 6% after the RBI confirmed the bank's solid financial position, including a CAR of 16.46% and an LCR of 113%. The bank is addressing accounting discrepancies in its derivatives portfolio, with remedial actions to be completed this quarter.
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Zydus Life shares rise 2% after USFDA nod for Eluxadoline tablets
Zydus Lifesciences shares rose nearly 2% to Rs 899.40 after receiving USFDA approval to manufacture Eluxadoline Tablets (75 mg & 100 mg) for IBS-D treatment. The company secured 180 days of shared generic drug exclusivity. Analysts set an average target price of Rs 1,066, indicating a 21% upside, though technical indicators suggest a bearish trend.
KEC International shares rally nearly 6% after securing new orders worth Rs 1,267 crore
KEC International has secured new orders worth Rs 1,267 crore, boosting the company's total year-to-date order intake to Rs 23,300 crore. The firm has won contracts in various sectors, primarily for transmission and distribution projects in India and abroad, indicating a positive growth outlook for the company.
Tejas Networks shares jump 4% as firm receives Rs 123 crore PLI incentive
Tejas Networks shares: According to Trendlyne data, the average target price for the stock is Rs 1,100, indicating a potential upside of 67% from the current market price. The consensus recommendation from one analyst for the stock is a 'Strong Buy'.
Sensex rises! These stocks are up over 5% on BSE
The BSE Sensex was trading 444.11 up at 74273.02 on Monday.
Dr Reddy’s shares in focus after recall of mislabelled Levetiracetam injection in US
The potential risks include hypersensitivity reactions, liver injury, hematological toxicity, drowsiness, dizziness, respiratory depression, and, in extreme cases, coma. Dr Reddy’s stated that it has not yet received any reports of adverse events linked to the recall.
As AI nurses reshape hospital care, human nurses are pushing back
Hospitals say AI is helping their nurses work more efficiently while addressing burnout and understaffing. But nursing unions argue that this poorly understood technology is overriding nurses' expertise and degrading the quality of care patients receive.
Stocks in news: Dr Reddy’s, Shilpa Medicare, Voltas, TCS, Tata Motors
Domestic markets closed slightly lower last week amid mixed global cues. Shares of Dr Reddy’s, Shilpa Medicare, and Tata Motors will be in focus today due to major developments. GR Infraprojects emerged as the selected bidder for an NHAI project worth Rs 4,263 crore.
What if DOGE doesn’t actually save any money?
Despite the Trump administration's claims of significant spending cuts, federal expenditure has been rising since January 2025. The Department of Government Efficiency, led by Elon Musk, faces challenges as expected cuts and layoffs haven't substantially decreased overall spending. Critics question the sustainability and effectiveness of these measures.
Are you a fired federal worker in the US? You may get in touch with Mark Cuban as he is hiring to fill void; here's what he plans to do
Billionaire Mark Cuban funds startups to fix federal tech gaps left by Musk's DOGE layoffs, challenging Silicon Valley's loyalty hires and testing private-sector solutions versus government efficiency.
Big worry for Trump: U.S. budget deficit explodes in February, surpassing $1 trillion in record-breaking year-to-date surge, raising concerns over unprecedented fiscal challenges
The US budget deficit surpassed $1 trillion in just five months, with February's deficit reaching $307 billion. Government spending continues to exceed revenue, with a $1.15 trillion deficit for the year. Under former President Biden, the deficit increased dramatically. The Trump administration, focused on reducing waste, faces challenges with proposed tax cuts potentially worsening the deficit.
A shutdown may be averted, but at what cost?
Republicans approved a stopgap funding bill to avoid a government shutdown and extend spending levels until September 30. Although it provides modest savings, it fails to address the exorbitant spending issue. The bill, needing Senate approval, faces doubts and might not achieve the fiscal responsibility Republicans aim for, risking an increased national debt.
Sensex falls! But these stocks surged over 5% on BSE
The BSE Sensex closed 200.85 down at 73828.91 on Thursday.
Sensex rises! These stocks are up over 10% on BSE
In the Nifty 50 index, 32 stocks were trading in the green, while 18 stocks were trading in the red.
After 50% layoffs in Department of Education, here’s who Donald Trump’s government is targeting for layoffs
The aggressive cuts under Trump’s Government Layoffs reflect a dramatic shift in federal workforce strategy.
Elon Musk eyeing 'ponzi scheme' social security and benefits for cuts in Trump's DOGE push? Check details
Is Elon Musk eyeing Social Security and benefit programmes for cuts in US President Donald Trump's latest DOGE push? "Most of the federal spending is entitlements," Musk said in the latest interview. The tech mogul and Tesla CEO suggested that $500 billion to $700 billion in waste needed to be cut.
Donald Trump issues stark warning: Government shutdown in just 5 days unless Republicans rally behind stopgap bill
Lawmakers in Congress are scrambling to pass a funding bill before Friday’s midnight deadline to prevent a government shutdown. If no agreement is reached, federal agencies could face major disruptions.
Social security overpayments: SSA reinstates 100% clawback, raising concerns for millions of beneficiaries
Social Security overpayments are once again facing full recovery as the SSA reinstates its 100% clawback policy. This decision, announced on March 10, 2025, means affected beneficiaries could see their entire monthly checks withheld. Previously, due to public backlash, the agency had limited deductions to 10%. The new rule applies to overpayments after March 27, sparking concerns over financial hardship for seniors and disabled Americans. With SSA aiming to recover $7 billion over the next decade, advocacy groups warn of severe consequences. The move aligns with staff cuts under the Trump administration, raising concerns over future errors and delays.
Can America overcome its $30 trillion debt dilemma with tax cuts?
America's debt trajectory, nearing $30 trillion, is unsustainable, needing $10 trillion in deficit reduction over next decade. Tax cuts since 2000, coupled with increased spending, have been major debt drivers. Lawmakers should aim to raise revenue, considering more efficient means like a value-added tax, while maintaining progressive tax system elements to stabilize fiscal health.
Stocks in news: Gensol Engineering, HCL Tech, Tata Power, NMDC, IndusInd Bank
Tata Power's arm Tata Power Renewable Energy has signed a memorandum of understanding (MoU) with the government of Andhra Pradesh to collaborate on renewable energy projects in the state.
Top US health agency makes $25,000 buyout offer to most of its employees
Most of the 80,000 federal workers in the Health and Human Services Department have been offered up to $25,000 to leave their jobs as part of President Donald Trump's cost-cutting measures. They have until Friday to respond. This move comes amid efforts to reduce the department's workforce and budget.
US economic worries mount as Trump implements tariffs, cuts workforce, freezes spending
Concerns grow that President Trump's tariffs and policies may harm the US economy despite a healthy labor market. The recent jobs report showed a rise in part-time work and job losses in leisure sectors, suggesting economic uncertainty. Trump's tariffs and government layoffs could potentially lead to higher inflation and slower growth, affecting everyday Americans.
Who is Al Green, the Democratic Congressman removed for heckling Donald Trump's speech?
Rep. Al Green, a Democrat from Texas, was removed from the House chamber for repeatedly interrupting President Trump's speech to Congress. House Speaker Mike Johnson ordered his removal after several warnings. Green has previously filed articles of impeachment against Trump. Some Democrats also walked out or stood with their backs to the president during this incident.
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