Uco Bank QIP: Uco Bank has set the price of its Rs 2,000 crore QIP at Rs 34.27 per share, a 4.99% discount to the floor price. The move aims to reduce government ownership from 95.39% to around 3%.
Asian markets followed Wall Street higher after the US Federal Reserve lowered interest rates. Fed Chair Jerome Powell indicated confidence in the US economy’s future.
Pension regulator PFRDA has revised investment rules, allowing private pension funds to invest in the top 250 market-cap stocks and gold/silver ETFs for better returns.
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