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WASHINGTON – The Federal Reserve on Wednesday held its ground on interest rates, again deciding not to cut as it continues a battle with inflation that has grown more difficult lately.

AlTi Tiedemann Global is offering another on-ramp to the private markets as it collaborates with a vaunted tech investment specialist.On Wednesday, the independent global wealth manager unveiled a partnership with noted technology investor Hiro Tamura to launch a new growth equity strategy focused on private growth-stage technology companies. This move marries Tamura’s expertise with AlTi’s robust platform, aiming to enhance its exposure to private-market investments in the tech sector.

Adani Power Q4 results: Net profit down 48% YoY to ₹2,737 crore, revenue up 30% According to Equirus Capital, Adani Ports will witness a 12.4 percent year-on-year decline in net profit, with figures dropping to ₹2,129.60 crore from ₹2,432.30 crore in the corresponding quarter of the previous year. Conversely, sales are expected to surge by 20.7 percent year-on-year, reaching ₹6,996.40 crore compared to ₹5,796.90 crore in the previous year. Furthermore, the EBITDA margin is anticipated to stand at 60 percent, marking a substantial increase of 377 basis points year-on-year.

new sanctions on hundreds of firms and people tied to Russia's weapons development program, more than a dozen Chinese firms accused of helping Russia find workarounds to sanctions and individuals tied to the death of Russian dissident Alexey Navalny. The sanctions imposed by the Treasury and State departments target Russia’s military-industrial base, chemical weapons programs and people and firms in third countries that help Russia acquire weapons components as its invasion of Ukraine has entered its third year. Treasury Secretary Janet Yellen said the action “will further disrupt and degrade Russia’s war efforts by going after its military industrial base and the evasion networks that help supply it." The sanctions come as the Senate gave final approval to legislation barring imports of Russian uranium, boosting U.S.

Follow US Fed Meeting Outcome Live Updates: Powell-led FOMC to announce policy decision today, likely to hold key rates steady The US Federal Reserve will announce its third policy decision for 2024 later today. The US central bank has lifted its key lending rate to a 23-year high of between 5.25 and 5.50 per cent as part of a long-running battle to bring high inflation to its two per cent target.

Indian stock market: The Indian stock market indices, Sensex and the Nifty 50, ended Tuesday, April 30, trading session in negative, attributed to a late-session selloff influenced by weak global cues. The stock market remained closed on Wednesday, May 1 on account of Maharashtra Day. On Tuesday, Sensex concluded the session 189 points lower, representing a decrease of 0.25 percent, settling at 74,482.78, while the Nifty 50 ended the day at 22,604.85, marking a decline of 39 points, or 0.17 percent.

Vedanta Group is targeting an investment of USD 20 billion across all its businesses in India over the next four years, its Chairman Anil Agarwal said on Wednesday. The investments will be focused on technology, electronics, and glass businesses apart from the other activities that the group is engaged in, Agarwal told reporters here. The billionaire from Bihar said he wants to play the role of a catalyst in helping his home state grow, but said there is a need for a strong support from the policy front for it. He was speaking on the sidelines of an event where the mining-focused group announced to scale up its philanthropic activities.

boycott movement against Loblaw over high food prices say they are keenly aware they need to target more than just grocery stores to impact the mammoth corporation’s bottom line.Loblaw Companies Ltd. is the parent company of nearly two-dozen store brands spread across food, pharmacies, fashion, beauty and financial services.

gangster Goldy Brar in the United States has triggered widespread speculation and confusion across various social media platforms. Conflicting reports regarding the circumstances of his demise clash with claims of responsibility from rival gangsters Arsh Dalla and Lakhbir, adding uncertainty to the unfolding narrative.

Fortune Hotels, a member of ITC's hotel group, is planning to open a new hotel every month in the current financial year, the company's Managing Director Samir MC said on Wednesday. In an interview to PTI, Samir shared the expansion plans of Fortune Hotels, which has just opened its first international hotel — Fortune Resort & Wellness Spa Bhaktapur — in Nepal. He described it as a significant milestone in the company's «beyond borders» expansion strategy, envisioning its presence in South Asia and proximal markets. «Following on the heels of this prestigious opening, we are poised to open at least four to six more hotels in the first half of the fiscal year in unique destinations like Kevadia (Ekta Nagar, Gujarat), Candolim (Goa), Palampur (Himachal Pradesh), and a beach resort in Chennai amongst others and an equal number in H2 (second half: October-March),» Samir said.

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Telecom regulator to revive talks on spectrum allocation “The courts had to be informed and the application has been disposed of. The government will not go back to the Court," the person said.

US Fed Meeting Outcome LIVE Updates: The US Federal Reserve will announce its interest rate decision today after a two-day Federal Open Market Committee (FOMC) meeting, and is widely expected to leave the benchmark interest rates unchanged at 5.25 per cent - 5.50 per cent for for the sixth straight meeting, in line with Wall Street estimates. Stay tuned to our US Fed Meeting Live blog for the latest updates on FOMC meeting outcome.The US Federal Reserve will announce its third policy decision for 2024 on Mary 1.

Federal Reserve officials are poised to keep interest rates steady for a sixth consecutive meeting and signal no plans for cuts in the near future after higher-than-expected inflation.

YES Bank’s March quarter earnings, domestic brokerage firm ICICI Securities has retained its ‘sell’ rating on the private bank with a target price of Rs 20 saying that the valuations remain unattractive. “The bank is making concerted efforts in organic PSL origination, which should ease incremental RIDF burden, aiding yield and RoA trajectory. We estimate sharp improvement in RoA to 1.0% by FY26 vs FY24 RoA of 0.3%, led by improving NIM trajectory and benign credit costs. Valuation, however, remains unattractive with the stock trading at 1.9/1.8/1.6x FY24/25E/26E ABV,” said Jai Prakash Mundhra, analyst at ICICI Securities.

renewable energy experts and industry players say. Collaborative efforts among policymakers, industry stakeholders, and civil society can accelerate the transition to net-zero emissions, paving the way for a cleaner and greener future. India's ambitious 'India Battery Manufacturing Vision' aims to achieve over 500 GWh capacity by 2035, attracting $35 billion in investments, they said. A report by the Center for Study of Science, Technology and Policy (CSTEP) highlighted that the southern states, namely Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, and Telangana, boast significant solar and wind energy potentials, collectively totaling 1,526 GW of solar energy potential and 1,124 GW of wind energy potential. However, achieving this potential requires substantial investments in strengthening the intra-region transmission infrastructure. The report suggests an investment of approximately Rs 9,245 crore by 2030, in addition to the ongoing transmission network strengthening initiatives by the Central Electricity Authority (CEA).

₹50 crore by both the parties. The platforms enable targeting on several counts. Meta, for example, lets an advertiser specify, to whom (age and gender), where (state), and how much, how many times (‘impressions’), and to what spending limit, it wants an ad to be shown.

correction in Gold prices, where the yellow metal has corrected by nearly Rs 3000 per 10 gram or 4% from the lifetime high is its biggest fall in nearly two years. Can we expect the trends to reverse or a top has been made? This is what multiple experts tell ETMakets as they spell out their trading strategy. Notwithstanding the fall seen in yellow metal over the last two weeks, the rally in gold this year so far has been nothing short of spectacular. Gold futures on the MCX have climbed nearly 13% or Rs 8,000 per 10 gram on the year-to-date basis. The gains had been primarily on geopolitical tensions increasing the safe haven appeal of gold along with hopes of an early rate cut that triggered movement in the first fortnight of April. The month-to-date price rise still stands at 6%.

After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year

₹4,837.69 crore in Q4FY24 as against ₹8,063.39 in the previous quarter. IOC’s revenue from operations for the quarter declined 1.4% to ₹2.19 lakh crore from ₹2.23 lakh crore, QoQ. The refiner’s EBITDA fell 33% QoQ to ₹10,435 crore, missing consensus estimates by 33%.

Tata Communications is going the sustainable way when it comes to raising funds, with the telecom company hiring Bank of America (BofA) to advise it for a financing framework which aims to unlock access to funds of around $1 billion over the next two years. The bank is advising the Tata Group company on a Sustainability-Linked Loan (SLL) framework which introduces targets related to environmental, social and governance (ESG) standards for fundraising, people aware of the developments told ET.