Bond traders increased bets on interest-rate cuts despite Federal Reserve pushback. Inflation cooling signaled potential rate cuts. Powell emphasized no rush to shift policy, waiting for more evidence against inflation.
Bonfiglioli Transmissions aims to raise Rs2,534 crore through an upcoming offer for sale. The promoter group’s stake will reduce from 100% to 77% post-IPO. The
Value of new business (VNB) margin expanded 20 basis points to 24.7% against 24.5% a year ago. One basis point is a hundredth of a
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