Why is the market falling post the Fed rate cut?

Why is the market falling post the Fed rate cut?

The Federal Reserve reduced the Fed funds rate by 25 basis points (bps), as widely expected by markets. But the commentary of Fed Chairman Jeremy Powell, after the Fed meeting threw a dampener on financial markets. There was widespread expectations was that the Fed would be launching a rate cut cycle from August, with at […]

37-year-old former school teacher is India’s newest billionaire

37-year-old former school teacher is India’s newest billionaire

India’s newest billionaire is a former classroom teacher who developed an education app that’s grown to a valuation of almost $6 billion in about seven years. Byju Raveendran joined the rarefied club after his Think & Learn Pvt scored $150 million in funding earlier this month. That deal conferred a value of $5.7 billion on […]

Vedanta-led Cairn India CEO, CFO quit firm

Vedanta-led Cairn India CEO, CFO quit firm

Cairn India chief executive Sudhir Mathur has resigned from the company, the fourth CEO to quit the firm since it was taken over by mining billionaire Anil Agarwal-led Vedanta Group seven years back Cairn India chief executive Sudhir Mathur has resigned from the company, the fourth CEO to quit the firm since it was taken […]

100 years on, UK apologises for Jallianwala Bagh massacre

100 years on, UK apologises for Jallianwala Bagh massacre

Theresa May on Wednesday described the Jallianwala Bagh massacre in Amritsar as a “shameful scar” on British Indian history but stopped short of a formal apology sought by a cross-section of Parliament in previous debates. Theresa May on Wednesday described the Jallianwala Bagh massacre in Amritsar as a “shameful scar” on British Indian history but […]

Chandrayaan 2 scheduled to launch in April will carry NASA’s laser instruments to Moon

Chandrayaan 2 scheduled to launch in April will carry NASA’s laser instruments to Moon

India’s lunar mission Chandrayaan 2, scheduled to launch next month, will carry NASA’s laser instruments that allow scientists to make precise measurements of the distance to the Moon, according to the US space agency officials. During the Lunar and Planetary Science Conference held at Texas, US last week, NASA confirmed that Chandrayaan 2 and Israeli […]

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