Asian shares edged higher with investors looking forward to inflation data that could prompt rate cuts in the US and Europe. Oil prices rose amid Middle East tensions. Nvidia’s upcoming earnings report is eagerly awaited. Federal Reserve Chair Powell hinted at potential rate cuts to mitigate employment risks.
Adani’s Cemindia is said to near up to $524 million share sale
Adani Group-backed Cemindia Projects, formerly known as ITD Cementation India, is preparing to launch a qualified institutional placement (QIP) to raise up to Rs 5,000