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The US Federal Reserve begins a crucial two-day meeting to decide on interest rate cuts. Investors are keenly watching whether Jerome Powell will opt for a 25 or 50 basis point cut. The outcome will significantly impact stock prices, depending on Powell's motivations and the economic outlook.
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News and Media
Sanjiv Mehta, Executive Chairman of L Catterton India, and former Chair & CEO of HUL, predicts that India will become a major consumption hub similar to China's past growth. He emphasizes the importance of general trade and kirana stores in India's economic evolution, highlighting the need for increased consumption and market development across various FMCG categories.
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News and Media
State-owned Container Corporation of India (CONCOR) and 31 other companies have set September 18 as the record date for determining shareholders' eligibility for dividend payments. Today is the last day to buy shares to qualify for dividends. CONCOR announced a final dividend of Rs 2.50 per share, with a total dividend yield of 1.16% over the past year.
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News and Media
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