Short News

President of India approves REC merger into Power Finance Corporation, enabling asset and liability transfer under Companies Act 2013 after 2019 stake buy.

US House passes a bill to widen Russia sanctions and grant tariff powers, impacting oil buyers including China and India; now awaits President Trump's action.

Goldman Sachs now expects the US Federal Reserve to raise rates by 25 basis points in October, citing a firmer inflation outlook and updated projections.

Goldman Sachs predicts a 25bp Fed hike in October amid signals from the Federal Reserve, with markets reassessing timing as inflation and elections influence policy.