New Trump appointee Miran calls for half-point cut in only dissent as rest of Fed bands together
Newly confirmed Federal Reserve Governor Stephen Miran dissented from the central bank’s decision.
Fed approves quarter-point interest rate cut and sees two more coming this year
The Federal Reserve on Wednesday released its decision on interest rates and updated its economic projections.
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in July.
Sales of heavy trucks are falling like the U.S. is headed for a recession
Heavy trucks sales have dropped to levels not seen in four years, according to the U.S. Bureau of Economic Analysis.
Stocks making the biggest moves midday: Lyft, Walmart, Nvidia, Baidu & more
These are the stocks posting the largest moves midday.
Stocks making the biggest moves premarket: Nvidia, Alibaba, Workday, Netflix and more
These are the stocks posting the largest moves in premarket trading.
Talks on to let banks lend more than Rs 10,000 crore to a corporate
The govt is in discussion with the RBI to relax regulations, potentially increasing the limit on bank exposure to large corporations beyond ₹10,000 crore. This move aims to boost infrastructure financing by reducing the cost of loans for significant projects. The proposal involves redefining borrower specifications and rationalizing provisioning norms, leveraging the improved health of […]
Groww files updated draft papers with Sebi; eyes Rs 7,000-cr via IPO
Groww’s parent company, Billionbrains Garage Ventures, has filed updated draft papers with SEBI for an IPO aiming to raise approximately Rs 7,000 crore. The IPO includes a fresh issue of shares and an offer for sale by promoters and investors, targeting a valuation of USD 9 billion.
India Inc turns to non-bank routes for nearly half of FY25 funding
Corporate India is increasingly diversifying its funding sources, with nearly half of the resources raised in FY25 coming from non-banking channels like equity markets and NBFC loans. While the total financial resources to the corporate sector saw a modest increase, bank credit demand declined, influenced by strong equity market performance and cautious lending.
China keeps tight grip on rare earths, costing at least one company ‘millions of euros’
The European Chamber of Commerce in China said that after a pickup in rare-earth export license approvals this summer, members have found it harder to get access.
