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The US Federal Reserve held interest rates steady, balancing moderating economic growth with rising geopolitical tensions and persistent inflation concerns. Indian markets reacted positively, extending gains as the Fed’s decision was largely anticipated, with analysts expecting a neutral impact on equities.
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Indian markets rallied for a third day, led by auto, IT and financial stocks, while easing volatility supported sentiment. Technical indicators signal bullish momentum, with analysts projecting further upside amid global mixed cues and advising cautious, stock-specific strategies.
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Microsoft is considering legal action ​against its partner OpenAI and ​Amazon over a $50 billion deal that could violate its ​exclusive cloud agreement with the ChatGPT maker, the Financial Times reported on Wednesday.
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Cryptocurrency exchange ​Kraken ​has put its multibillion-dollar ​initial public offering plan on hold, CoinDesk reported on ‌Wednesday, ⁠citing ⁠two people with knowledge ​of the matter
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Central Mine Planning and Design Institute (CMPDIL) has raised Rs 470 crore from anchor investors, including LIC and several mutual funds, ahead of its Rs 1,842-crore IPO. The initial share sale, an offer for sale by Coal India, opens for public subscription on March 20 with a price band of Rs 163-Rs 172 per share.
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