Premier Energies shares climbed 4% following a large bulk deal. The promoter family divested shares worth approximately Rs 2,289 crore. Several institutional investors, including Smallcap World Fund and Quant Mutual Fund, acquired substantial stakes. This activity highlights strong investor interest in the renewable energy sector and domestic solar manufacturing.
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