Fed would be much better off cutting rates, says Trump
Trump’s post Wednesday evening comes as his administration prepares to unveil a fresh wave of tariffs, which Federal Reserve Chair Jerome Powell signaled was hanging over forecasts.
Dovish Fed has Indian stocks cooing louder
The NSE Nifty rose 283.05 points, or 1.24%, to close at 23,190.65. The BSE Sensex rose 899.01 points, or 1.19%, to end at 76,348.06. So far this week, the Nifty has gained 3.5% and is on course to clock its highest weekly gain since July 2022.
EBP platform must for private debt issue size above Rs 20 crore
For private placement of units of InvITs and REITs above ₹1,000 crore, issuer has to access the EBP platform for such issuances, it said in a consultation paper on Thursday. Further, the green shoe portion in issues should not exceed three times the base issue size, the regulator said.
Sebi may allow startup founders to retain Esops
Founders of new-age technology companies often receive Esops, or equity-linked instruments over cash-based remunerations, in formative years. This also aligns their interest with the other shareholders in the company. As typically, when these companies raise investments the founders’ shareholding in the company gets diluted.
Another shock for cable makers, Adani enters fray
Kutch Copper, a wholly-owned subsidiary of group incubator and flagship, Adani Enterprises, has formed a joint venture with Praneetha Ventures to manufacture and sell metal products, wires and cables.
IT stocks see highest foreign sell-off amid US uncertainty
The information technology (IT) sector witnessed the highest outflows at ₹6,934 crore after receiving flows worth ₹805 crore in February. In 2024, foreign investors pumped over ₹14,000 crore into the sector.