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After concluding 2-day FOMC (Federal Open Market Committee) meeting, Jerome Powell, Chairman, US Fed Reserve announces the committee’s decision on benchmark lending rates in the United States #live #jeromepowell #Media #federalbank

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.

Maha: Four tiger cubs found dead in Tadoba Andhari reserve's buffer zone

Injuries were found on the cubs, which indicate that they were killed by a tiger, he said.

Tata Starbucks opens 1st Reserve store in India

Tata Starbucks, which currently operates 300 stores across 36 cities in India and is an arm of Tata Consumer Products, has added 32 stores in 14 cities this year so far, atop 50 stores added last fiscal.

Forex reserves at record high of $365.74 billion

Continuing the rising trend, forex reserves increased by USD 253.6 million to touch record high of USD 365.749 billion in the week to August 5, the Reserve Bank said today.

Sensex ends up 174 pts, Fed move eyed; M&M drags 5%

The market was cautiously optimistic as the crucial FOMC meet will decide interest rates tonight. Most analysts are hoping that the Federal Reserve will increase rates for the first time in a decade. Ridham Desai, MD & Head of India Research, Morgan Stanley feels that the Indian market will gain if Fed hikes rates.

TRAI spectrum auction recos: Will they help ease supply?

On Wednesday, the Telecom Regulatory Authority of India (TRAI) issued a set of recommendations regarding the sale of radio airwaves in February next year that will likely help ease some of the supply constraints faced by telecom companies in the country.

Asian shares ease after Fed-led rally

Asian shares retreated from four-month highs on Tuesday while gold and copper eased, as markets calculated the impact on growth from the Federal Reserve's aggressive stimulus and eyed whether Spain will request a bailout to ease its fiscal strains.

Cabinet fixes base price for spectrum auction at Rs 14000cr

The cabinet has approved fixing a floor or minimum price of Rs 14,000 crore for auction of telecom spectrum.

EGoM for base spectrum price between Rs 14,111-Rs 15,111cr

In a relief to telecom operators, the Empowered Group of Ministers (EGoM) is believed to have suggested setting a 20% lower base or bid start price at Rs 14,111-15,111 crore for the proposed spectrum auction.

Telecom panel to meet on May 24 to discuss TRAI recos

There has been hectic industry lobbying against the TRAI 2G auction recommendations and the ball is now in the government's court.

Clarifications sought on reserve price fixed: Telecom Secy

The telecom commission is seeking clarity on issues related to 2G spectrum auction including auction reserve price. The proposals of the telecom regulator have been severely criticised by service providers like Bharti, Vodafone, Idea and Uninor.

China cuts bank reserve ratio by 50 bps

China's central bank cut the reserve requirement ratio for its banks on Wednesday for the first time in nearly three years to ease credit strains and shore up activity in the world's second-largest economy.