A proposal to revise US bank-capital regulations faces strong opposition from the FDIC, where at least three of five directors, including Democrat Rohit Chopra and two Republican members, are against the changes. This bipartisan pushback raises concerns about the timeline for aligning all three bank regulators, targeting completion by mid-2025.
Posts in category Economic Times
FedEx slumps 15% amid weak demand for pricey priority deliveries (20-09-2024)
Shares of FedEx slumped 15% on Friday, on track for their worst day in two years, after dismal first-quarter results, in what analysts attributed to a combination of broader economic concerns and an unfavorable shift in the company’s sales from higher-priced deliveries.
Adani Energy Solutions shares could deliver multibagger returns from current levels (20-09-2024)
Cantor initiates coverage on the company with a bullish “Overweight” rating and a price target of Rs 2,251, suggesting a potential 129% upside by FY26. They project a 20% CAGR revenue growth and a 28.8% CAGR adjusted EBITDA growth for the company from FY24 to FY27E.
Mankind Pharma board approves raising Rs 10,000 crore through NCDs (20-09-2024)
The board has established a fundraising committee and granted them the authority to manage all aspects of raising funds, such as deciding the terms for issuing and allotting NCDs and CPs, and handling other relevant tasks.
Sebi mulls allowing only electronic mode for payment of dividend, interest (20-09-2024)
Markets regulator Sebi on Friday proposed that listed entities should make all payments, such as dividends, interests and redemptions, through electronic mode only.
Trump Media plummets to new lows on the first day the former president can sell his shares (20-09-2024)
Shares of Trump Media & Technology Group Corp. slumped to their lowest level ever at the opening bell Friday, the first day that its biggest shareholder, former President Donald Trump, is free to sell his stake in the company behind the Truth Social platform.
These 9 FMCG stocks hit a 52-week high and rallied up to 40% in a month (20-09-2024)
India’s benchmark index, the Sensex, surged by around 1,359 points on Friday, closing at a record 84,544. During this rally, nine stocks in the BSE FMCG index reached their highest prices in the past year. Achieving a 52-week high is significant, as it indicates the peak price a stock has reached over the last 12 months, offering valuable insights for traders and investors.
RTI: SEBI refuses to disclose instances when Madhabi Buch recused on conflict of interest (20-09-2024)
The cases where SEBI chairperson Madhabi Puri Buch recused herself due to potential conflict of interest is not “readily” available and collating them would “disproportionately divert” its resources, the securities market regulator said in an RTI response on Friday.
Sebi allows mutual funds to buy, sell credit default swaps (20-09-2024)
Markets regulator Sebi on Friday allowed mutual funds to both buy and sell Credit Default Swaps (CDS), a move aimed at increasing liquidity in the corporate bond market. This flexibility to participate in CDS would serve as an additional investment product for mutual funds, Sebi said in a circular.