UBS reiterates Buy on Micron stock, keeps $1,625 target on earnings

At an international monetary policy forum, Federal Reserve Chair Kevin Warsh stressed the necessity of maintaining a 2% inflation target. He notably refrained from giving any forward guidance on interest rates. Warsh’s remarks have sparked debate among economists regarding potential future rate increases, as global central banks adopt varying approaches to tackle inflation and uphold…

Kalyan Jewellers shares fell 3% after its June-quarter results highlighted margin pressure despite strong earnings growth. Consolidated net profit rose 32% year-on-year to Rs 348.7 crore, while revenue surged 45.7% to Rs 10,588.9 crore. Investors remained cautious as higher gold exchange volumes and promotional offers weighed on margins, offsetting the retailer’s robust sales performance.

A 70-year-old woman died in a fatal road accident in Narela’s Mamurpur area. The collision involved a Mercedes and a WagonR, causing a chain reaction. The victim, Urmila, was tragically caught between the vehicles during the impact. The WagonR driver sustained minor injuries and received medical attention. Police are investigating the circumstances of this fatal…