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The Fed’s “soft landing” hopes are likely overly optimistic. Such was the context of our recent report, which discussed the long record of the Fed’s economic growth projections. To wit:

Mumbai: The Multi Commodity Exchange of India Ltd (MCX) stock witnessed significant volatility on Friday after the Securities and Exchange Board of India (Sebi) directed it to postpone the planned migration to a new trading platform on 3 October, in response to a petition filed by the Chennai Financial Markets and Accountability (CFMA) before the Madras high court. MCX said in an exchange filing that it had received a Sebi-forwarded letter on 27 September from CFMA regarding its migration to the new commodity derivative platform (CDP).

The Securities and Exchange Commission further delayed its review of applications from BlackRock Inc., Invesco Ltd. and others seeking to list the first Bitcoin exchange-traded fund in the U.S.

A fresh slate of Wall Street firms agreed to collectively pay tens of millions of dollars to U.S. regulators over their employees’ use of unmonitored communication channels on the job.  

Canada’s top banking regulator is increasing scrutiny on how the country’s largest financial institutions are managing their commercial real estate portfolios amid rising interest rates that are creating vulnerabilities in the sector.

Afghanistan's Taliban representatives are in the Russian city of Kazan for talks on regional threats as Russia attempts to maintain its influence in Central Asia

House Speaker Kevin McCarthy is rushing into a last-ditch plan to keep the government temporarily open but with steep spending cuts of nearly 30% to many agencies

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com .

Enforcement Directorate, which is investigating the Rs 150 crore scam in the CPI(M) controlled Karuvannur Cooperative bank, on Friday interrogated party state committee member M K Kannan for around four hours. Kannan, the State Vice-President of the Kerala Bank, is also the president of the Thrissur Service Cooperative Bank. He reached the ED office here in the morning but was let go after around four hours.

Yashodhararaje Scindia has expressed unwillingness to contest the upcoming Assembly polls in the state citing health reasons, sources close to her said on Friday. Scindia, MLA from Shivpuri since 2013, had told the party leadership a month ago that she didn't want to contest polls as she had contracted COVID-19 four times, these sources told PTI.

BSF) has deployed drones with night vision capabilities for its six Batallion troops.

Tata Power Company to Ba1 from Ba2 and maintained a stable outlook while observing that the company's underlying business and financial profile will remain stable at least over the next 12 to 18 months. «The rating upgrade to Ba1 is driven by Tata Power's solid financial metrics, which are projected to remain above the upgrade trigger set for the earlierBa2 rating,» Moody's Analyst Yong Kang said. In a note, Moody's said it could upgrade Tata Power's rating if the company's standalone credit quality improves, such that its CFO pre- WC/debt rises above 13%on a sustained basis. Tata Power's rating incorporates the company's standalone credit quality and a one-notch uplift for shareholder support in Tata Sons, the note said adding that company's standalone credit quality is supported by predictable cash flow from its distribution businesses that benefit from a stable regulatory framework, and from its fixed-tariff long-term power purchase agreements (PPAs) for its renewable generation capacity. Under Moody's base case projection, Tata Power's operating cash flow pre-working capital to debt (CFO pre- WC/debt) will remain solid at 9%-11% over the next two to three years. Although the projected credit metrics are lower than the actuals recorded in fiscal 2023, Moody's expects Tata Power to be able to sustain these credit metrics. Tata Power's takeover of distribution companies in Odisha and the subsequent improvement in its operations, underpinned by declining electricity losses, have strengthened its business profile, the note said.

Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here! Tata Power's takeover of distribution companies in Odisha and the subsequent improvement in its operations, underpinned by declining electricity losses, have strengthened its business profile, the ratings agency said in the report.

PMO) in the annual Population in Brief report by the National Population and Talent Division. «The total population of 5.92 million as of June 2023 is the highest recorded figure in Singapore's history,» the PMO said. The population rebounded from declines during the COVID-19 pandemic and has since exceeded the 2019 population of 5.7 million.

India's eight core sectors grew by 12.1 per cent on an annual basis in August, data released by the government showed on Friday. In July, the number stood at 8 per cent on an annual basis.

Inflation has sharply dropped in Europe

In a case that is being closely watched by the financial sector, the civil fraud trial against former President Donald Trump regarding allegations of exaggerated property valuations could commence as early as Monday. An appeal by Trump to postpone the trial was dismissed by a New York appeals court earlier Thursday.

The top royal for one of the world’s smallest nations heads a multibillion-dollar dynasty dating back almost 1,000 years that’s endured through wars, floods and scandals.

ICC Cricket World Cup 2023 in India is just a few days away from starting officially. With the tournament taking place in familiar subcontinent conditions, the Indian team will be under a lot of scrutiny. Legacies of veterans like Rohit Sharma, Virat Kohli and Ravichandran Ashwin, playing their third or fourth WC in their mid/late 30s will be determined in this tournament, as fans will hope that they perform well in home conditions to help India lift the trophy.

IndiGo has hiked salaries of its pilots and cabin crew. Last year IndiGo had increased salary by over 10 percent in two tranches The increment will be effective from 1 October. " We have managed to partially offset some of the losses made during Covid with a profitable performance in the last 3 quarters.

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