U.S. stocks fell on Tuesday following positive economic data that raised concerns about inflation slowing down the Federal Reserve's monetary policy easing. This decline was driven by unexpected job openings and increased services sector activity. Bond yields rose, affecting technology stocks. Investors are concerned about the impact of possible future tariffs.
Open FlipIndia's market regulator, SEBI, has uncovered a plot to generate millions of dollars in illegal gains through the trades of Capital Group, a Los Angeles-based fund manager with $2.6 trillion in equity stakes. Ketan Parekh, a former stockbroker, allegedly orchestrated the scheme, using nonpublic information to enrich himself and others.
Open FlipGMR Power and Urban Infra Ltd on Wednesday, January 8, said it has secured approval from the Indian Renewable Energy Development Agency Limited (‘IREDA’) to part finance the project to install and maintain 75.69 lakh smart meters across various zones in Uttar Pradesh. Shares of GMR Power and Urban Infra were trading 1.24% lower at ₹127.10 on the BSE around 10:10 am.
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