The central banks wrongly presumed that the rising prices were transitory. They forecasted that inflation would fade as the economy opened, bringing supplies.
Indian IT stocks fell amid reports that Anthropic, the maker of Claude, is preparing for an IPO that could value it at around $1.5 trillion.
Tata Consumer Products reported 16% year-on-year profit growth in Q2FY27, while brokerages retained positive ratings but cut target prices amid inflationary pressures. Jefferies, Nuvama, Elara
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