After a strong rally this year, U.S. consumer staples stocks are falling out of favor, with investors starting to question the high valuation as earnings prospects dim, analysts said.Read More
The Reserve Bank of India injected Rs 50,000 crore into the banking system via an open market operation to manage liquidity ahead of tax payments. This move supported India’s benchmark 10-year bond yield, which remained flat. The RBI has infused a total of Rs 3.50 lakh crore through OMOs this calendar year.Read More
India is set to shelve the bids it received for a majority stake in its state-owned IDBI Bank , as the amounts were below the minimum price sought, Bloomberg News reported on Friday, citing people with knowledge of the matter.Read More
Adobe’s battered shares fell another 6% on Friday as news that the Photoshop maker’s long-time CEO will step down cast fresh doubts over its strategy to battle mounting AI competition.Read More
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