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maintained its key overnight interest rate at the 23-year high mark since July 2023 and has now indicated holding rates high until inflation cools and moves consistently to the target range. The FOMC minutes showed that most members remained concerned about the lack of progress on inflation. The FOMC minutes showed that the bar for easing remains fairly high as the need to maintain a restrictive regime was emphasized.

Cosmos Bank is looking to meet the Reserve Bank of India’s target of maintaining 50 percent of its loan portfolio comprising ticket size less than Rs one crore this fiscal. “ We are looking at meeting the RBI’s target of 50 percent of the banks loans portfolio at less than the ticket size of Rs one crore ib FY’2024-25” said Milind kale, the bank’ chairman of Cosmos Bank at a media conference in Mumbai adding that it would use its network of 179 branches to achieve this target. Currently 43 percent of the bank’s loan book comprises loans below Rs 1 crore, Mr Kale said.

There has been a lot of talk lately about Canada’s dismal growth, but now a new report warns that we could be stuck in it for another two decades.

Also Read- FPIs continue to dump financials, IT, FMCG shares in May. What lies ahead?The asset allocation strategy should be based on factors like goals, horizon of investment, risk appetite and liquidity requirement.While investing we need to build a strategy with the right asset mix based on our risk appetite to meet our goal.

Indian stock market: On Tuesday, May 28, the Indian stock market remained under pressure, with the benchmarks—the Sensex and the Nifty 50—closing in the red for the third straight session.The Indian stock market has experienced significant volatility this month due to substantial foreign capital outflows driven by election-related caution. The market has fluctuated between gains and losses, influenced by a lack of new catalysts, high valuations, and mixed global signals.Also read: Stock market today: Sensex, Nifty 50 fall for 3rd consecutive session; investors lose nearly ₹3 lakh crore in a day“We maintain our positive bias and expect Nifty to head toward our earmarked target of 23400 in the coming weeks.

₹20-trillion plan envisages construction of more than 75,000 km of highways over the next 15 years, including 50,000 km of access-controlled highways or expressways, one of the two persons said on condition of anonymity. As of now, about 4,000 km of centrally funded access-controlled highways have been built. Queries sent to MoRTH remained unanswered till press time.

MUMBAI : Asset manager 360 One WAM Ltd is in talks with investors to raise a ₹4,000-crore secondaries fund—a vehicle typically used to buy stakes in companies from other investors or replace another investor in multiple firms. The alternatives asset manager is also in talks to raise a healthcare-focussed private equity fund, Sameer Nath, chief investment officer and head of 360 One Asset’s venture capital and private equity business, said at a press briefing on Tuesday. 360 One WAM, which handles nearly $2.9 billion in assets under management under its alternatives strategies, also plans to launch an early-stage venture capital fund as well as a fourth pre-IPO fund over the next year, Nath said.

PayPal hopes to boost its growth by starting an ad network juiced with something it already owns: data on its millions of users. The digital payments company plans to build an ad sales business around the reams of data it generates from tracking the purchases as well as the broader spending behaviors of millions of consumers who use its services, which include the more socially-enabled Venmo app. PayPal has hired Mark Grether, who formerly led Uber’s advertising business, to lead the effort as senior vice president and general manager of its newly-created PayPal Ads division.

Many people start no-buy challenges at the beginning of the year and commit to keep going until the end of it

Target has revamped its grocery aisles since the COVID-19 pandemic with items ranging from Korean foods and mocktails to barbecue-flavored trail mix as the discount retailer caters to shoppers who want to experiment while sticking to a budget

Hindalco Industries.The aluminum producer filed its draft papers with the US Securities and Exchange Commission (SEC) where it said that its parent company is targeting to raise up to $945 million by offering 45 million shares at a price range of $18 and $21 each. Hence, the IPO price band is estimated to be between $18 and $21, Novelis said in its filing with the US SEC.Billionaire Kumar Mangalam Birla-ownedHindalco is one of India's biggest aluminium manufacturing company and the world's largest flat-rolled products player and recycler of aluminium.

tribal population was decreasing in the Santhal Parganas because of infiltration, Prime Minister Narendra Modi on Tuesday accused the JMM-led ruling alliance in Jharkhand of «patronising» infiltrators, who he said were grabbing land and putting women at risk. Addressing an election rally in Dumka, he alleged that the JMM and Congress were indulging in «rampant loot» and vowed that action against corruption would be intensified in the country after June 4. «A big crisis looms over Jharkhand and that is infiltration. The Santhal Parganas is facing the challenge of infiltration. In many areas, the population of tribals is declining fast and the number of infiltrators is on the rise. The infiltrators are grabbing tribal lands. Tribal daughters are the target of infiltrators. Their security and safety are at risk. Their lives are also at risk,» he said. Apparently referring to two incidents that happened in 2022, Modi said, «Tribal daughters are being chopped into 50 pieces… Being burnt alive… Someone's tongue was pulled out. Who are these people who are targeting tribal daughters? Why is the JMM government patronising them?»

Boeing is now aiming for its first astronaut launch at the beginning of June

The United Auto Workers on Friday accused Mercedes of interfering in last week's union election at two Alabama factories

Americans who spend Memorial Day scouting sales online and in stores may find more reasons to celebrate the return of warmer weather

United Spirits (USL) surged 3% on BSE in Tuesday’s session to the day’s high of Rs 1,196 after the company on Friday reported a two-fold increase in consolidated net profit to Rs 241 crore for the March quarter. USL’s revenue from operations was up 12.41% year-on-year (YoY) to Rs 6,511 crore during the quarter under review from Rs 5,792 crore a year earlier while the total expenses in the March quarter were up 10.9% to Rs 6,279 crore.

DOMS Industries rallied 10% on Tuesday on BSE to its new all-time high of Rs 2,035 after reporting a 29.6% year-on-year (YoY) growth in its Q4 PAT at Rs 46.93 crore against Rs 36.21 crore in the fourth quarter last year. The company also posted a 20% YoY growth in its revenue from operations which stood at Rs 402.74 crore for the quarter ended March 2024.

₹512.5 crore. The company's revenues for FY24 increased to ₹2,000.3 crore, an 11.3% YoY rise.

Gold prices on Tuesday fell by Rs 2,433 from a high of Rs 74,442 per 10 grams on May 20 to Rs 72,009 per 10 grams on May 27. MCX gold June futures today opened flat, down by Rs 98 at Rs 71,911 per 10 grams while July silver contracts opened at Rs 94,640, up by Rs32 or 0.03%. Gold held its gains as traders anticipated US inflation data this week, which could impact the timing of the Federal Reserve's decision to cut interest rates. After rising 0.7% on Monday, gold remained steady.

₹1,600 - 1,700 , Olectra Greentech share price has successfully broken out of a bearish trendline that had persisted for 3 - 4 months. “Olectra Greentech stock is now comfortably maintaining its position above this trendline, indicating a strong upward movement.

₹657.21 crore in March 2024. The quarterly net profit rose by 74.73% to ₹67.13 crore, and EBITDA increased by 68.4% to ₹108.38 crore.Sensex Today Live : The company reported a 128% jump in profit to ₹22.2 crore from ₹9.7 crore the previous year.