Fed Chair Powell speaks on Capitol Hill this week with politics front and center
White House officials have raised the heat on Powell to lower rates. Now he’s faced with two key Fed officials who have said they could favor a cut in July.
Stocks making the biggest moves midday: Tesla, Novo Nordisk, Hims & Hers, Northern Trust, Fiserv and more
These are the stocks posting the largest moves in midday trading.
Stocks making the biggest moves premarket: Tesla, Northern Trust, DoorDash, Northrop Grumman, Exxon Mobil and more
These are the stocks posting the largest moves in premarket trading.
Meesho concludes reverse flip process; likely to file DRHP in 2–3 weeks
SoftBank-backed Meesho has completed its reverse flip, moving its domicile to India and becoming a fully Indian company. The board approved the merger and share allotment, with plans to file for an IPO in the coming weeks.
Jeremy Siegel says investors are viewing the U.S. bombings as ‘a success to neutralize Iran’
Barring no big retaliation by Iran, Siegel said the stock market could see a new record high over the next few weeks.
NTPC board seeks shareholders nod to raise up to Rs 18,000 cr via bonds
NTPC, a leading power company, is seeking shareholder approval to raise ₹18,000 crore through non-convertible debentures (NCDs) or bonds via private placement in the domestic market. The funds, to be raised in tranches over a year, will support capacity expansion, working capital needs, and general corporate purposes.
Strong FY25 financial performance supports standalone credit profiles of banks: Fitch
Fitch Ratings highlights the robust financial performance of Indian banks in fiscal year 2025. This strengthens their credit profiles and sets the stage for expansion. The sector shows improved asset quality and strong capital. Public sector banks’ net profit reached a record high. State Bank of India contributed significantly to the total earnings. Steady performance […]
Walmart-backed PhonePe may seek $1.5 billion in Indian IPO
PhonePe, India’s largest digital payments provider, is gearing up for an initial public offering. The IPO could potentially raise $1.5 billion. The fintech company may file preliminary documents as early as August. The deal could value PhonePe at around $15 billion. Kotak Mahindra Capital, JPMorgan, Citigroup, and Morgan Stanley are managing the offering.
The Iran-Israel conflict isn’t denting Chinese business optimism in the Middle East
“Overall, Chinese merchants are relatively optimistic,” says Bear Huo, China general manager at FundPark, a fintech startup.
Reliance Infra clears Rs 273 crore JR Toll Road loan with Yes Bank
Reliance Infrastructure announced its subsidiary, JR Toll Road Pvt Ltd, has fully settled a ₹273 crore loan, including interest, with Yes Bank. Reliance Infrastructure acted as the corporate guarantor for the loan. This repayment marks a significant step in Reliance Infra’s debt reduction efforts, clarifying that Yes Bank holds no equity in the company.
