Thu, Feb 15, 2024 5:26 PM
GIFT City's total banking asset size touches $52 billion in January!
A Flip by Avya Verma
Brookfield India Real Estate Trust on Thursday reported a 40 per cent increase in net operating income to Rs 485.8 crore for the September quarter and announced plans to raise up to Rs 3,500 crore through issue of units to institutional investors to reduce debt as well as to fund future growth. In a regulatory filing, Brookfield India Real Estate Trust said its adjusted net operating income.
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In response to weakening employment data and receding consumer prices, the Federal Reserve slashed its benchmark interest rate in September by a half a percentage point as the central bank shifted its focus from taming inflation toward supporting the job market. The Fed is hoping to execute a rare “soft landing,” whereby it brings down inflation without tipping the economy into a recession.
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Major brokerages including J.P. Morgan, Barclays and Goldman Sachs have forecast a 25-basis-point interest-rate cut by the U.S. Federal Reserve at its November 6-7 meeting. The central bank cut interest rates by an oversized 50 basis points at its Sept. 17-18 meeting. Fed Chair Jerome Powell said the reduction was meant to show policymakers' commitment to sustaining a low unemployment rate.
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