Drawing a mixed bag of reactions from Indian investors, the US market outcome presented a dichotomy. The Dow Jones celebrated a new peak, yet the S&P 500 and Nasdaq ended on a down note. Attention turns towards forthcoming labor statistics, as heavy tech spending on artificial intelligence weighs on market psychology.
Preferential allotment likely in PFC-REC merger to help Centre retain majority stake and government company status
The government is on the brink of a historic merger between Power Finance Corp and REC, with plans for preferential share allocation to retain public