Apple's New CEO John Ternus Set for $58M Pay Package Tied to S&P 500 Performance

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Apple has disclosed that new CEO John Ternus will receive a $3 million base salary along with a $55 million stock award targeted for fiscal 2027, according to an SEC filing. However, 75% of the equity component will only vest if Apple's shareholder returns outperform the S&P 500 index. Former CEO Tim Cook, who transitions to executive chairman, is set to receive approximately $47 million in compensation. Ternus officially assumed the chief executive role on Tuesday, just nine days ahead of Apple's September 9 iPhone event.

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Raghav Chadha alleges political vendetta after name dropped from Punjab electoral roll

Rajya Sabha MP Raghav Chadha has accused the AAP-led Punjab government of political vendetta after his name was marked as 'shifted' in the state's draft Special Summary Revision electoral roll. Chadha maintains that his voter ID is registered in Mohali, Punjab, and that his enrollment there is legitimate. The MP is currently pursuing available legal remedies during the ongoing claims and objections period. The final electoral rolls for Punjab are scheduled to be published in October 2026.

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India Logs 7.8% GDP Growth in Q1 FY27, Retains Top Spot Among Major Economies

India recorded a GDP growth rate of 7.8 per cent in the first quarter of the 2026-27 fiscal year, maintaining its position as the world's fastest-growing major economy. Indian Ambassador to the United States, Vinay Kwatra, highlighted this milestone during a visit to Nasdaq, where he rang the opening bell. Kwatra's remarks underscored India's sustained economic momentum on a global stage. The announcement was made in the United States, signaling India's intent to project its economic strength to international investors and markets.

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Gen Z Driving Consumption Trends Across Fashion, Dining and Entertainment

A joint study by BCG and Snap highlights the growing influence of Gen Z on consumer spending habits. The research identifies fashion, footwear, dining, and entertainment as key categories shaped by this demographic. Gen Z's preferences are increasingly steering broader consumption patterns across these sectors. The findings underscore the significant economic weight this generation carries in shaping market trends.

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US Strike Near Iran Wedding Kills 4, Including Children; Over 60 Wounded

A US strike near a wedding in Iran killed four people and wounded more than 60 others, according to Iranian state media. The victims included two women and two children. One of the children, a teenager, was killed in a separate strike that targeted a communications tower in the vicinity. The incidents have been reported by Iranian state outlets, though further independent verification remains limited.

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