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The Labour Party is set for a major victory in the UK general election, ending Prime Minister Rishi Sunak's Conservative Party's 14-year rule. Sunak conceded defeat, congratulating Labour leader Keir Starmer. The Conservative Party faced significant challenges, including local election losses and internal conflicts, leading to early elections and their decline under multiple prime ministers.
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If there is a continued easing in the US labour market, then what Chairman Powell said at this central bankers meeting in Europe a couple of days ago would hold true, that the Fed is headed towards easing and the consensus seems to be thinking that it might happen by September, says Arvind Sanger.
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Raymond shares surged over 18% to a new 52-week high of Rs 3,480 on BSE following the announcement of the vertical demerger of its real estate business into Raymond Realty, a wholly-owned subsidiary. This strategic move aims to streamline corporate structure, boost shareholder value, and optimize operational efficiencies.
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