Supporters of the half-point cut “observed that such a recalibration of the stance of monetary policy would begin to bring it into better alignment with recent indicators of inflation and the labour market”, said the minutes of the September 17-18 session, at which the Fed lowered the benchmark policy rate to a range of 4.75% to 5.00% from the 5.25% to 5.50% range it had maintained since July of 2023. Others noted there had been a “plausible case” to have cut rates at the July meeting and the data since then had only buttressed the case for easier policy.
Zantac’s Developer Settles Lawsuits Claiming Cancer Link (10-10-2024)
GSK, which developed and sold versions of the now-discontinued blockbuster heartburn drug, agreed to pay up to $2.2 billion.
Client spends, margin outlook crucial for TCS (10-10-2024)
“Expect sequential weakness in the September quarter due to slowdown in the UK business. BSNL deal ramp-up continues to provide support to growth, but overall growth will be weak in the quarter,” said HSBC Securities and Capital Markets (India) in a preview report.
RBI shifts to neutral policy, Bond Street ‘accommodates’ the stance (09-10-2024)
The yield on the most liquid 10-year government bond closed at 6.77% on Wednesday, five basis points lower than the previous close. Bond prices and yields move inversely. A fall in government bond yields brings down the cost of borrowing across the economy as sovereign debt is the benchmark used to price corporate debt.
‘Amaravati will be New Hyderabad’: Andhra Pradesh Chief Minister Chandrabau Naidu (09-10-2024)
Andhra Pradesh CM N Chandrababu Naidu aims to develop Amaravati to match Hyderabad’s growth. He faces challenges restoring investor confidence due to actions of the previous government. Naidu is actively working on bringing back investors like the Singapore Consortium and Lulu Group. He stresses the importance of credible governance and aligning policies for sustainable development.
‘Amaravati will be New Hyderabad’: Andhra Pradesh Chief Minister Chandrabau Naidu (09-10-2024)
Andhra Pradesh CM N Chandrababu Naidu aims to develop Amaravati to match Hyderabad’s growth. He faces challenges restoring investor confidence due to actions of the previous government. Naidu is actively working on bringing back investors like the Singapore Consortium and Lulu Group. He stresses the importance of credible governance and aligning policies for sustainable development.
Solar Storm Could Bring Northern Lights and Power Concerns in the U.S. (09-10-2024)
An explosion of particles arrived at Earth on Thursday, and could lead to visible northern lights in much of the country while also raising power grid concerns.
U.S. Races to Replace IV Fluid Supplies After Hurricane Helene (09-10-2024)
The F.D.A. has authorized shipments from overseas plants to ease shortages of IV bags caused by Hurricane Helene as hospitals begin rationing fluids to protect the sickest patients.
Donald L. Barlett, 88, Dies; Prizewinning Reporter Bared Corruption (09-10-2024)
Over four decades, he and his colleague James B. Steele gained renown for resourceful, often explosive investigative journalism at The Philadelphia Inquirer.
‘Legends Never Die’: A tribute to Ratan Tata (09-10-2024)
Industry leaders including Google’s India-born chief executive Sundar Pichai on Wednesday mourned the death of Ratan Tata, saying the veteran industrialist cared about making India better. “He leaves an extraordinary business and philanthropic legacy and was instrumental in mentoring and developing the modern business leadership in India. He deeply cared about making India better,” Pichai said in a post on X. Pichai recalled that his last meeting with Tata was at Google’s office where they spoke about the progress of self-driving car Waymo.