Peter Cardillo from Spartan Capital Securities pointed out that China’s economic struggles might lead to an unexpected half-percent rate cut by the Fed in September. Despite soft tech earnings from Alphabet and Tesla, the overall market showed strong performance, driven by a 2.8% GDP growth and consumer spending amid lower inflation.
Reliance Infrastructure seeks shareholders’ nod to raise Rs 3,000 crore via QIP
Reliance Infrastructure approved raising Rs 3,014 crore through a preferential issue to promoter group companies and other investors. The company also seeks shareholder approval for