Shares of holding companies, including GFL, Pilani Investment and Industries Corporation, and SIL Investments, up to surged 20% on Monday. This followed an NSE circular announcing a special call auction session on October 28 for price discovery of listed investment companies (ICs) and investment holding companies (IHCs).
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