Gabriel India led wealth creators with over two-and-a-half times return. Force Motors followed with 148.4% return. Siemens saw the biggest loss, shedding 55% of its value. Tata Motors Passenger Vehicles lost 52% market capitalization. Jindal Saw reported a 45.4% erosion in market cap due to subdued demand.
Chicago Fed President Goolsbee rejects calls for Fed rate cuts to ease US debt burden
Chicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a move could fuel inflation