The US dollar remained stable as investors awaited key inflation data. These reports will influence the Federal Reserve’s interest rate decisions. A rate cut is expected at the upcoming policy meeting. The size of the cut depends on the impact of tariffs on prices. Globally, investors are monitoring political developments in Japan, France and Indonesia.Read More
Gold prices remained steady on Wednesday. Investors are waiting for important inflation reports later this week. Expectations of a U.S. interest rate cut this month helped keep gold above $3,600 per ounce. The dollar index rose, making gold more expensive for other currency holders. Focus is now on U.S.Read More
Urban Company garnered Rs 854 crore from anchor investors before its IPO. The IPO opens for subscription from September 10-12, with a price band of Rs 98-103 per share. The company aims to raise Rs 472 crore through fresh shares. Existing investors will sell stakes worth Rs 1,428 crore. Funds will be used for technology, infrastructure, and marketing.Read More
Japanese government bonds faced a dip on Wednesday. This happened before the sale of securities. The five-year yield increased. The ten-year yield also saw a rise. The Ministry of Finance plans to sell five-year JGBs. These events unfolded after Shigeru Ishiba’s resignation. Sanae Takaichi is a contender for leadership. She supports the Abenomics policies.Read More
Brigade Enterprises plans a luxury housing project in Bengaluru. The project aims for a revenue of Rs 2,500 crore. It is a joint development on 10.75 acres in East Bengaluru. The project will have 2.5 million square feet of saleable area. Brigade focuses on high-quality developments in premium locations. The company has projects across multiple cities in South India.Read More
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