Day: September 17, 2026

Ouster president and CEO Angus Pacala sells $1.03m in stock

Ouster general counsel Megan Chung sells $389,993 in stock

In a bid to tackle ongoing inflation, the US Federal Reserve has raised interest rates by twenty-five basis points. Policymakers are predicting at least one additional hike in the upcoming months. As inflation affects various sectors, the Fed is working towards achieving its two percent goal. This move is likely to generate discontent from President…

The US Federal Reserve’s first interest-rate increase since 2023 and its signal of an additional hike later this year turn the spotlight on other central banks, including the Bank of Japan, set to review monetary policies.

Starting 15 Oct, UPI will introduce a capped merchant fee on transaction values above ₹2,000, while remaining entirely free for consumers and most small vendors. The policy shift provides a sustainable revenue model to upgrade digital infrastructure and align UPI with global payment standards.

Indian retail investors sold equities in July and August. They then invested heavily in primary market IPOs during this period. This shift occurred after significant buying in the previous quarter. Analysts suggest this is a tactical allocation change for profit booking. Strong IPO activity and listing gains are attracting this capital.

While this is the second time Apple will be selling made-in-India iPhones on the start date, it’s a first for Pro and Pro Max models. Last year, India-made iPhone 17s were launched on the first day of sales, with the Pro and Pro Max following. The Duo, Apple’s first foldable phone, is not being made…

Saudi Arabia has sold some spot cargoes to traders expected to deliver small volumes to Indian refiners through Hormuz. The risk-taking traders are likely to follow the same modus operandi they have used in recent weeks, buying Iraqi crude at a deep discount and moving it through the strait to the Gulf of Oman, where…

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Maha FDA Chief Urges Centre To Address ‘Permissible Gap’