Jio Financial Services Ltd has been granted approval to raise its foreign investment limit to 49%. Foreign investors currently hold 17.55% of the company’s shares. The company’s net profit fell 6% in the first quarter ending June. Jio Financial introduced new services such as mutual fund loans and auto insurance in July.
Fed likely to hold rates, no cuts before September: Matt Orton
Matt Orton from Raymond James Investment suggests that manageable tariff ranges and strong Q2 earnings are fueling optimism in US markets. While oil price stability