Mon, May 24, 2021 7:20 AM
NCLT ruling on DHFL: Creditors votes for moving NCLAT
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A delay by the US Federal Reserve in reducing rates is likely to weigh on Mint Road's decision on starting its own policy rate-easing cycle. After Morgan Stanley and Kotak Bank, IDFC Bank now expects India's central bank to defer its rate easing call, perhaps to as late as the last quarter of this calendar year.Strong economic growth and escalated tensions in West Asia could add to inflation.
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Tesla will ask shareholders to vote again on the same $56 billion compensation package for chief executive officer Elon Musk that was voided by a Delaware court early this year. In its proxy filing issued Wednesday, Tesla said it will call a vote on moving the company's state of incorporation to Texas from Delaware. The carmaker will convene its annual meeting on June 13.
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New York: US Treasury yields dipped on Wednesday, slowing a weeklong selloff that had pushed benchmark 10-year Treasury yields to their highest levels since November.The selloff has come as investors and the Federal Reserve reevaluate the need for interest rate cuts in the face of resilient economic data and signs of strength in the labor market. In an appearance on Tuesday.
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