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U.S. consumer prices rose less than expected for a second straight month in November, data released this week showed, with underlying consumer prices advancing by the least in 15 months.

Fed Chair Jerome Powell said on Wednesday that the central bank will deliver more rate hikes next year even as the economy slips towards a possible recession, arguing that a higher cost would be paid if the U.S. central bank does not get a firmer grip on inflation.

Agarwal’s representatives met with large funds from the Middle East, Singapore, and the US over the past three months to garner financing commitments for the manufacturing business, the people said, asking not to be named as the information is not public. All the funds gave the opportunity a pass leaving them with almost no backers for the project, they said, without providing further details.

Mehta, 62, has been leading the local unit of Anglo-Dutch consumer firm Unilever since 2013 as its managing director and CEO. He was last reappointed for five years, until October next year.

The Cincinnati-based consumer goods maker reported sales of Rs 13,985 crore and net profit of Rs 1,334 crore across four Indian companies - pharmaceuticals firm P&G Health, shaving products maker Gillette, P&G Health & Hygiene and P&G Home Products.

Officials say there is growing concern in the government over a spillover from the global slowdown hurting the fragile economic recovery, and a greater need to provide support.

After completion of the deal, HDFC Bank will hold 7.75% of the total share capital of Mintoak on a fully diluted basis.

Poonawalla Housing Finance is a lender in the affordable segment of the housing finance market with 128 branches across India. It had its assets under management at Rs 5612 crore at the end of September. It made a net profit of Rs 33 crore in the second quarter of FY23.

Currently, US private equity fund TPG Capital owns a 21% stake in RR Kabel, which is part of RR Global - a $1.25-billion (over ₹10,300 crore) revenue conglomerate in the electrical sector with a presence in more than 90 countries.

The Federal Open Market Committee raised its benchmark rate by 50 basis points to a 4.25% to 4.5% target range. Policymakers projected rates would end next year at 5.1%, according to their median forecast, before being cut to 4.1% in 2024 -- a higher level than previously indicated.