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*Powell sees taper by the end of the year, but says there’s ‘much ground to cover’ before rate hikes*

*_KEY POINTS_*

Federal Reserve Chairman Jerome Powell indicated Friday that the central bank is likely to begin tapering before the end of the year.

But he said rate hikes aren’t imminent as there is still “much ground to cover” before the economy hits full employment.

The speech was part of the Fed’s annual Jackson Hole symposium.

https://www.cnbc.com/2021/08/27/powell-sees-taper-by-the-end-of-the-year-but-says-theres-much-ground-to-cover-before-rate-hikes.html
Dear All,

Nirmal Bang is inviting you to a Zoom webinar.
When: Aug 28, 2021 11:30 AM Inda
Topic: September Month Outlook by Mr Sunil Jain and Retail Research Team

Register in advance for this webinar:
https://us02web.zoom.us/webinar/register/WN_0_zpXgXmTQutGRBXzeI54Q

After registering, you will receive a confirmation email containing information about joining the webinar.
*Instl. Investors Equity Cash Trades Prov - 27/08/2021 Rs. Crs:*

*FII: Sell -779 (7265-8044)*

*DII: Buy +1646 (6055-4409)*
Kotak AMC has been barred from launching any new fixed maturity plan (FMP) scheme for the next six months, as per an order issued by the SEBI on August 27. Also imposed a fine of Rs 50 lakh.

Kotak AMC has also been directed to refund a part of the investment management and advisory fees collected from the unitholders of the six FMP schemes, it said.

https://www.moneycontrol.com/news/business/mutual-funds/no-new-fmp-scheme-by-kotak-amc-for-six-months-rs-50-lakh-fine-sebi-order-7398391.html
INDIA APPOINTS 10 INVESTMENT BANKS AS BOOK RUNNERS FOR IPO OF STATE-RUN LIFE INSURANCE CORP OF INDIA || INDIA APPOINTS GOLDMAN SACHS, CITIGROUP, KOTAK MAHINDRA, SBI CAPS, JM FINANCIAL, AXIS CAPITAL, NOMURA, BOFA SECURITIES, JP MORGAN, ICICI SECURITIES AS BOOK RUNNERS FOR LIC IPO - SOURCE