Who is Kevin Warsh, the Fed’s new chairman?
Mr. Warsh will make his public debut as the Federal Reserve’s chairman on Wednesday. Source link
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India’s power generation capacity crosses 530 GW, set to touch 600 GW next year
The country’s installed power generation capacity has crossed 530 GW and is expected to reach nearly 600 GW next year, driven by rapid additions in renewable energy, thermal power and battery storage, a senior Power Ministry official said on Wednesday.Aadhar Raj, Joint Secretary in the Ministry of Power, said the country’s electricity sector continues to…
Fed holds rates steady at Warsh’s first meeting.
Officials at the Federal Reserve were split between no cuts this year and one or more rate increases as they braced for higher inflation, according to a new set of projections. Source link
NSE files DRHP for $2-3 billion IPO; Tiger Global, SBI among major sellers
The National Stock Exchange has formally restarted its long-delayed journey to the stock market, filing draft papers with Sebi for an estimated $2-3 billion initial public offering nearly nine years after its first listing attempt was derailed by the co-location controversy, according to an ET report.The draft red herring prospectus (DRHP) proposes an offer for…
‘Backrooms’ and ‘Obsession’ Disrupt the 2026 Summer Box Office
“Backrooms” and “Obsession,” two breakout horror films from first-time directors in their 20s, have arguably redefined what a summer blockbuster can be. Source link
Critical Minerals: ‘Harmonised, interoperable mechanisms’: G7 takes on China’s critical minerals dominance, sets 2030 target to cut dependence
G7 leaders on Wednesday agreed to strengthen cooperation to reduce their dependence on China for critical minerals, unveiling plans to coordinate stockpiling, boost recycling and create a new platform with an expanded role for the International Energy Agency (IEA).The move comes as Western nations seek to secure supplies of minerals crucial for defence, artificial intelligence,…
Takeaways from Kevin Warsh’s first meeting as Fed chairman.
Takeaways from Kevin Warsh’s first meeting as Fed chairman. Source link
India-UK FTA clears steel hurdle; 85% of Indian exports shielded from British curbs
India has secured protection for a majority of its steel exports to the UK under the India-UK free trade agreement, with 85% of outbound shipments remaining outside Britain’s upcoming steel safeguard measures, according to an official statement issued on Wednesday, PTI reported.The announcement comes as India and the UK prepare to operationalise their Comprehensive Economic…
See how the first Fed statement under Warsh evolved.
Interest rates didn’t change, but the language in Fed’s policy statement, which it released alongside its rate decision today, certainly did. Source link
US Federal Reserve policy meet: Kevin Warsh-led FOMC keeps interest rates unchanged; projects hike by year-end, raises inflation forecast
Kevin Warsh (AP file photo) US Federal Reserve chairman Kevin Warsh-led FOMC on Wednesday kept the key interest rate unchanged in the 3.5% to 3.75% range. This is Kevin Warsh’s first policy review after taking over from Jerome Powell as US Federal Reserve chair.“The Committee decided to maintain the target range for the federal funds…