Japan’s core CPI rises 2.9% in September, exceeding the BOJ’s 2% target. Despite inflation pressures, the central bank maintains a cautious stance, keeping short-term rates at 0.5% until January.Read More
India’s stock market is heating up as the Nifty hovers near record highs. The IPO pipeline is buzzing, with five companies, including Lenskart, Groww, Pine Labs, ICICI Prudential AMC, and boAt, expected to raise nearly Rs 35,000 crore over the next two months. This follows successful debuts of LG Electronics India and Tata Capital, signaling renewed investor confidence.Read More
Starting October 24, Tata Motors’ passenger vehicle business will trade as Tata Motors Passenger Vehicles (TMPV), completing the renaming process following its demerger. The commercial vehicle operations will continue under the original Tata Motors name, while TMPV will include EVs and Jaguar Land Rover (JLR). The change reflects the company’s strategy to list PV and CV operations separately.Read More
The United States faces challenges in its sanctions against Russia. While aiming to cut Russia’s oil revenue, a key lifeline, the US continues to source materials like fertilizers and nuclear components. Experts believe a comprehensive, joint effort might succeed this time. Both Russia and Ukraine need an exit from the conflict. The situation is impacting the global economy.Read More
Federal Bank approved issuing Rs 6,196 crore convertible warrants to Blackstone’s Asia II Topco XIII, enabling a potential 10% stake, boosting shares 2.2% to Rs 232.25.Read More
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