Existing investors in Groww, including Sequoia Capital and Ribbit Capital, plan to sell shares worth Rs 4,750 crore through block deals at a discount. The proposed transaction triggered a sharp decline in the stock price amid concerns over large institutional stake sales.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend