Posts by category: Business

The Federal Reserve has decided to keep interest rates steady, maintaining the benchmark range between 5.25% and 5.5%. This decision comes amid ongoing inflation concerns and a gradually growing economy. The unanimous decision by the Federal Open Market Committee underscores the balance between sustaining economic expansion and addressing inflation risks. Fed Chairman Jerome Powell reiterated the importance of monitoring economic conditions.

Sridhar Vembu, a pivotal figure at Zoho Corporation, is stepping down as CEO to become Chief Scientist, focusing on R&D as AI continues to evolve. His shift underscores a commitment to innovation while also aligning with his rural development goals. This change comes amid significant industry challenges and aims to bolster Zoho's future through strategic exploration, including potential ventures like chip-making.

The financial world was abuzz as Central Depository Services (India) Ltd. experienced a nearly 10% drop in share prices following their Q3 results. Despite an increase in net profit, lower income and decreased engagement with only 92 lakh new demat accounts cast a shadow over their performance. Analysts have varied ratings, and investors are concerned about sustainability amidst technological investments affecting margins.