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 […]

File your income tax return, NOW!

File your income tax return, NOW!

The ITR filing due date has been extended, but don’t wait till the 11th hour. The taxman has shown magnanimity yet again. This time, he has extended the due date for filing income tax returns for the financial year 2018-19 (assessment year 2019-20) by a whole month — from July 31 to August 31. The […]

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 […]

India, US agree to work together, find common ground

India, US agree to work together, find common ground

Laying the foundation for PM Modi’s meeting with US President Donald Trump in Osaka, Japan on the sidelines of the 14th G20 Summit, US Secretary of State Mike Pompeo met PM Modi and External Affairs Minister S Jaishankar on Wednesday in Delhi. PM Modi during his talks with secretary Pompeo, reiterated priorities his govt attaches […]

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