Sun, Dec 22, 2024 12:30 PM
Factors that could impact the markets in the upcoming week
A Flip by Shubhangi Gupta
The Allahabad High Court has ordered a probe into allegations that the Himalayan Cooperative Housing Society defrauded the Lucknow Development Authority of crores of rupees by illegally acquiring excess land and transferring it to others. The vigilance department must investigate and file a report by January 20.
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Between March 2022 and July 2023, the Federal Reserve raised its benchmark rate 11 times. As a result, money market account (MMA) interest rates rose sharply. Money market account rates have fallen due to the Federal Reserve's recent rate cuts, but some accounts still offer up to 5% APY, and it's essential to compare rates to earn the most on your balance.
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The blacklisting of two firms due to incomplete housing projects will cost Ahmedabad Municipal Corporation (AMC) Rs 45.94 crore more to engage a new contractor to finish the pending work. The Housing Improvement and Urban Poor Housing Scheme Committee endorsed two proposals on Friday that will cost the AMC Rs 45.94 crore.
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