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The United States vetoed a United Nations Security Council resolution. The resolution called for an immediate ceasefire in Gaza. The vote occurred amidst Israel's intensified military actions. The US defended its veto. It cited the resolution's failure to condemn Hamas. Palestinian and Arab representatives criticised the US decision. Israel thanked the US for its support.
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News and Media
Saatvik Green Energy, a solar module manufacturer, is planning an IPO. The company aims to raise 700 crore through fresh equity. It will use the funds to expand capacity and repay debt. An additional 200 crore will be raised through an offer for sale. The IPO will reduce promoter stake to 76.02%. Saatvik's financials show strong revenue and profit growth.
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News and Media
Following the US Federal Reserve's rate cut, anticipation surrounds the potential return of foreign capital to Indian equities. However, high valuations in India and attractive opportunities in markets like China may temper inflows. While foreign selling has slowed, a significant turnaround hinges on domestic institutional investor activity and improved earnings momentum to shift FPI sentiment.
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News and Media
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