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US Fed concluded its two-day meeting on July 31, 2024 | Here’s Key Highlights

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US Fed concluded its two-day meeting on July 31

The US Federal Reserve (Fed) concluded its two-day meeting on July 31, 2024.The Federal Open Market Committee (FOMC) decided to keep the target range for the federal funds rate unchanged at 5.25%-5.50%. This marks a pause in the Fed’s aggressive rate-hiking cycle that began in March 2023. The US Fed meeting refers to the Federal Read more: US Fed concluded its two-day meeting on July 31, 2024 | Here’s Key Highlights..

SEBI exempts state-run firms from meeting public shareholding norms until August 2026

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SEBI exempts state-run firms from meeting public shareholding norms

SEBI (Securities and Exchange Board of India) has exempted all state-run firms from meeting public shareholding norms for two years until August 2026. This exemption means that listed public sector companies are not required to maintain the minimum 25% public shareholding mandated by the market regulator, SEBI (Securities and Exchange Board of India). The exemption Read more: SEBI exempts state-run firms from meeting public shareholding norms until August 2026..

Uber and BYD partnership to introduce 100,000 EVs to ride-hailing industry

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Uber and BYD partnership to introduce 100,000 EVs

Uber and BYD, the Chinese automaker, have announced a multi-year strategic partnership to introduce 100,000 electric vehicles (EVs) to Uber’s global ride-hailing platform. This collaboration aims to accelerate the transition to electric mobility within the ride-hailing industry. “Uber and BYD share a commitment to innovate towards a cleaner, greener world, and I am excited to Read more: Uber and BYD partnership to introduce 100,000 EVs to ride-hailing industry..