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 […]

Kochi readies to host India’s largest Women Startup Summit

Kochi readies to host India’s largest Women Startup Summit

KOCHI: Aspiring women entrepreneurs from across the country will converge in the city on Thursday for the Women Startup Summit, which is being hosted by the Kerala Startup Mission (KSUM) in association with the Indian Women Network under the Confederation of Indian Industries. The summit will bring together successful women leaders, startup founders, policymakers and […]

Facebook to pay $5 billion fine over privacy violations, says US regulator

Facebook to pay $5 billion fine over privacy violations, says US regulator

Facebook Inc will pay a record-breaking US $5 billion fine to resolve a government probe into its privacy practices and the social media giant will restructure its approach to privacy, the US Federal Trade Commission said on Wednesday. The FTC voted 3-2 along party lines to adopt the settlement, which requires court approval, even as […]

Earthquake strike Phillippines; 8 dead, 60 injured

Earthquake strike Phillippines; 8 dead, 60 injured

An earthquake and aftershocks struck islands off the north of the Philippines on Saturday killing eight people and injuring 60, disaster officials said. An initial quake of magnitude 5.4 that struck the Batanes islands was followed shortly by an aftershock of magnitude 5.9, according to Philippine government data. Another big aftershock struck a little later. […]

ISRO successfully undertakes first earth bound orbit-raising manoeuvre for Chandrayaan 2

ISRO successfully undertakes first earth bound orbit-raising manoeuvre for Chandrayaan 2

The Indian Space Research Organisation (ISRO) on Wednesday said the first earth bound orbit-raising manoeuvre for Chandryaan-2 was performed successfully. India had on Monday launched Chandrayaan – 2 on-board its powerful rocket GSLV-MkIII-M1 from the spaceport of Sriharikota in Andhra Pradesh with the aim of landing a rover in the unexplored lunar south pole. The […]

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