Fed gets room to hold rates in June amid signs inflation cooling
“A quick read would indicate a tilt towards some potential further tightening of monetary policy,” said Gregory Daco, chief economist at EY. “But if you lift the cover and look at the underlying details in this report, actually they mostly point towards the higher likelihood of a pause.”
Tata Motors DVR back in focus amid hopes of dividend after a 7-year gap
Tata Motors may consider dividend payment for FY23 after seven years, which may narrow the discount in its DVR shares over its ordinary shares. Tata Motors’ DVRs trade at a 44% discount to its ordinary shares, but offer a higher percentage of dividends for retail investors.
JSW Infrastructure files papers for Rs 2,800-cr IPO
The ports business of the Sajjan Jindal-led JSW Group plans to deploy the proceeds of the public issue to retire its debt and fund capacity expansion projects. The IPO is entirely a fresh share issue.
D-Street indices shrug off weakness in Asia, Europe
US April consumer inflation, which was announced on Wednesday after trading hours in Mumbai, increased 4.9% – the lowest since April 2021. This was in line with expectations, raising expectations of a pause in interest rate increases by the Fed.