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Fed funds futures have priced in a peak fed funds rate of 4.97% hitting in May 2023. The futures market has also priced in a 91% chance of a 75 bps rate rise in November, and a roughly 75% probability of another 75 bps increase in December.

Asian Paints will announce its quarterly numbers today. Helped by the increase in prices as well as continued gains in market share, the paint manufacturer is expected to log double-digit growth in sales.

The OECD presented a framework for reporting crypto assets to the G-20 finance ministers in Washington last week. The think-tank is expected to soon start the implementation process for the proposed Crypto Asset Reporting Framework (CARF).

The thermal power company promoted by Hemant Kanoria and his family entered corporate insolvency in November 2019. Resolution professional Ravi Sankar Devarakonda, backed by EY Restructuring LLP, has received resolution plans from Vedanta, Naveen Jindal-promoted Jindal Power and Prudent Asset Reconstruction Company, one of the people said. All the three offers are under ₹900 crore, with the payment staggered over 7-10 years, the same person said.

Radhakishan Damani, Cyrus Poonawalla, Shiv Nadar, Savitri Jindal, Dilip Shanghvi, the Hinduja brothers, Kumar Mangalam Birla and the Bajaj family completed the top 10.

Vi had first announced a Rs 25,000 crore fundraising plan via a mix of debt and equity in September 2020. Of this, it has received a shade over Rs 4,900 crore from promoters, bulk of which was used to clear some Indus dues. The balance funds are yet to be raised.

The Ajay Piramal entity’s listing follows the demerger from parent Piramal Enterprises (PEL) as part of an exercise to simplify its structure. Shareholders of PEL were entitled to four shares of Piramal Pharma for every share they held. The group made a re-entry into pharma 10 years after selling its healthcare business to NYSE-listed pharma giant Abbott Labs for $2.5 billion then.

Wall Street stocks retreated early Wednesday, putting a two-day winning streak at risk, on worries over higher interest rates despite another round of largely solid corporate earnings

The regulator found that - Global Research, Pawan Bhise, Vilash Bhise and Anshuman Bhise (noticees) - were engaged in investment advisory activities and were not holding any certificate of registration from markets regulator.

Board of Directors of Inox Wind held meeting today