The US Federal Reserve has lowered interest rates by 50 basis points, from 5.25-5.5 per cent to 4.75-5 per cent, marking its first cut since 2020. This decision comes due to concerns about the job market and in anticipation of the November 2024 presidential elections. Watch how leading brokerages are reacting to the Fed’s move.

The US Federal Reserve has lowered interest rates by 50 basis points, from 5.25-5.5 per cent to 4.75-5 per cent, marking its first cut since 2020. This decision comes due to concerns about the job mar

US Fed cuts rate: Here's what top brokerages are saying

US Fed cuts rate: Here’s what top brokerages are saying

India vs South Africa LIVE SCORE 1st Test Day 1

Jakson Group on Sunday kickstarted its Rs 8,000-crore investment to set up a 6 GW integrated solar manufacturing facility in Madhya Pradesh.
Chief Minister Mohan Yadav on Sunday laid down the foundation for the first phase of the project, which involves setting up 3 GW cell and 4 GW solar module manufacturing capacity, Jakson Group said in a statement.
The overall plan will se 6 GW of ingot, 6 GW wafer, 6 GW cell and 6 GW of solar module manufacturing capacity over the next three years, generating 4,000 new job opportunities.
As per company information, Phase 1 involves investment of Rs 2,000 core to set up up 3 GW cell and 4 GW of module-making capacity. Phase 1 is expected to generate 1,700 employment opportunities.
Yadav said, "The solar manufacturing hub at Maksi will create skilled jobs for our youth and position our state as the manufacturing and logistics centre of India's clean energy transition."
He said the project reflects Madhya Pradesh's strength as a growth-focused s

The overall plan will se 6 GW of ingot, 6 GW wafer, 6 GW cell and 6 GW of solar module manufacturing capacity over the next three years, generating 4,000 new job opportunities

Press Trust of India

Since the first store at Ambience Mall in New Delhi's Vasant Kunj, the chain has expanded to Bengaluru's Lavelle Road and Hyderabad's Banjara Hills

Business Standard

The information technology (IT) cost of the commercial banks, which is around 10-15 per cent of their total expenditure, is also set to increase as they align their systems along the lines of the Act

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The Jabalpur-Hazrat Nizamuddin 12192 Shridham Express departed from the Mathura Junction on Sunday after fears of a possible bomb on board was proved hoax following a thorough inspection at the station, officials said.
Panic spread among passengers after information was received about a bomb allegedly planted in the train's general coach.
However, the train was allowed to continue its journey after a thorough inspection at the Mathura Junction found nothing suspicious on board, officials said.
Station Director N P Singh said information about a possible bomb threat was first received in Bhopal. Following the alert, checks were conducted at every station on the route.
The train arrived at platform number two of Mathura Junction at 10.02 am, where teams of the Railway Protection Force (RPF), Government Railway Police (GRP), and a dog squad conducted a thorough search of the general coach, including seats and luggage, the officer said.
No suspicious object was found during the ...

However, the train was allowed to continue its journey after a thorough inspection at the Mathura Junction found nothing suspicious on board, officials said

CNG supply to the financial capital was affected on Sunday due to a damage to the main pipeline, Mahangar Gas (MGL) said.
A majority of autorickshaws and taxis, including those operated by companies such as Ola and Uber, and also some of the buses run by public transport undertakings run on compressed natural gas (CNG) supplied by MGL.
The gas utility, however, said it has "prioritised" supply to residences that will ensure that piped natural gas supply to homes continues.
"Due to third-party damage in the main gas supply pipeline of GAIL (Gas Authority of India) inside RCF (Rashtriya Chemicals and Fertiliser) compound, the gas supply to MGL's City Gate Station (CGS) at Wadala has been affected," a company statement said.
CNG stations across Mumbai, Thane and Navi Mumbai, including the dedicated CNG stations for public transport undertakings "may not operate" due to stoppage of gas supply in CGS Wadala, and, thereby, the MGL pipeline network, it added.
The company did not give any

The gas utility, however, said it has "prioritised" supply to residences that will ensure that piped natural gas supply to homes continues

Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement

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US Fed cuts rate: Here’s what top brokerages are saying

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