Tue, Oct 1, 2024 3:44 PM
Inflation in Europe falls below 2% and opens the way for faster rate cuts
A Flip by Avya Verma
Asian currencies are heading for their worst week in over a year, with a Bloomberg gauge slumping 0.8%, as traders scale back bets on aggressive Federal Reserve rate cuts amid resilient US jobs data and geopolitical tensions. The Malaysian ringgit, Indonesian rupiah, and Thai baht lead the losses, with some expecting them to give back half to two-thirds of their recent rally.
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đź“ŚGoldman Sachs has a sell rating on Avenue Supermarts with a target price of Rs 4,050. đź“ŚMacquarie has an outperform rating on Avenue Supermarts with a target price of Rs 5,600. đź“ŚMorgan Stanley has an overweight rating on M&M with a target price of Rs 3,304. đź“ŚMorgan Stanley has an overweight rating on Bajaj Finance with a target price of Rs 9,000.
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Jakson Green is closing in on a more than Rs 4,000Â crore ($476.4 million) fundraise to expand its renewable energy capacity, Joint Managing Director Krishnan Kannan said. The privately-held company, which currently has an installed capacity of around 250 megawatt, will add 1 gigawatt (GW) by early 2026."We are working with a strategic partner to bring in the investment.
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