Tata Capital is nearing its ₹17,200 crore IPO launch as SEBI has cleared its draft papers. The IPO, one of the largest in the financial sector, includes a fresh share issue and an offer for sale by Tata Sons.
Asian stocks advance as Fed’s rate cut lifts mood
Asian markets followed Wall Street higher after the US Federal Reserve lowered interest rates. Fed Chair Jerome Powell indicated confidence in the US economy’s future.