New India Assurance, IFCI surge; PB Fintech, Zensar slump at Nifty 500 market open

Oil slides as Saudi Arabia's alternate export routes ease supply fears; WTI drops below $100, Brent under $102

The US Federal Reserve raised interest rates by 25 basis points on Wednesday, delivering its first rate hike since July 2023 as policymakers stepped up their fight against stubborn inflation and signalled that borrowing costs could rise further in the coming months.

The Federal Open Market Committee (FOMC) unanimously voted to raise the federal funds rate target range to 3.75-4 percent from 3.5-3.75 percent. The 12-0 decision marked the first major monetary policy shift under Fed Chair Kevin Warsh, who took office in May.

Happiest Minds’ 11% valuation premium comes with a $1 billion growth test

- Happiest Minds merges with ITC Infotech.
- Shareholders got 11% premium in merger.
- Combined entity targets $1 billion revenue by FY28.

Tata Motors to hike commercial vehicle prices by up to 1% from October 1

-Tata Motors CV prices to rise up to 1%.
- Effective October 1, 2026.
- Due to higher commodity and input costs.

IndiGo has increased prices for several add-on services, including infant travel, unaccompanied minor assistance, priority boarding, and excess baggage. For example, infant travel fees rise to ₹3,000 and excess baggage costs ₹800 per kg.

Taylor Swift's husband, Travis Kelce, is one of the victims of a Ponzi scheme, run by an Indian-origin man, Reuters reported. Reportedly, the man identified as Siddharth Jawahar duped more than $35 million from unsuspecting investors, as revealed by a Missouri prosecutor.

Noel Tata tables SP Group’s ₹25,000-crore Tata Sons stake buyout proposal

The proposal envisages Tata Sons buying a portion of the SP Group’s holding through a selective capital reduction in two tranches over 18 months