JPMorgan’s Jamie Dimon says Fed rate cut will not be ‘earth shattering’

Dimon said last month that he doesn’t “think it matters as much as other people think,” citing ongoing economic uncertainty and inflationary pressures.

Dimon said last month that he doesn’t “think it matters as much as other people think,” citing ongoing economic uncertainty and inflationary pressures.

Sensex Today | Stock Market Highlights: The Indian stock market closed largely lower on Wednesday (September 18), ahead of the US Federal Reserve’s policy meeting outcome. The Sensex dropped 131 points to 82,948, while the Nifty fell 41 points, ending at…

The renewable energy arm of Maharatna NTPC will only issue new shares, and existing shareholders will not sell any stake, draft papers showed.

The company will issue up to 63,000 “rated, listed, senior, unsubordinated, secured, transferable, redeemable NCDs with a face value of ₹1 lakh each, the Jaipur based housing finance company said in an exchange filing.

The project, titled “Transmission System for Evacuation of Power from Rajasthan REZ Phase IV (Part 2: 5.5 GW) (Jaisalmer/Barmer Complex): Part H1,” will be executed on a build, own, operate, and transfer (BOOT) basis.

Suvankar Sen, MD and CEO of Senco Gold, pointed out that while Q1 saw a slowdown in diamond jewellery sales due to factors like elections and heatwaves, the upcoming wedding and festive season has reignited consumer interest.

Shares of Mankind Pharma ended 0.2% lower at ₹2,452.00 per share.

Shares of Reliance Power rose 1% to end at ₹31.41 on NSE on Tuesday.

Aditya Birla Capital has received a ‘no objection’ letter from the Reserve Bank of India for the proposed amalgamation of Aditya Birla Finance Ltd with the parent company.

In a major move, Reliance Infrastructure Ltd and Reliance Power Ltd have slashed their combined debt by ₹7,220 crore. Reliance Infrastructure reduced its external debt from ₹3,831 crore to ₹475 crore, aided by securities novation and debt settlement with lenders.