Proposed listing expected in 10-12 months would give the renewable-energy group a fourth public-market platform as it targets 10 GW each of owned generation and third-party EPC, alongside 10 GWh of battery capacity by FY32

Last month, the US economy added only 29,000 jobs, significantly below the economists’ forecast of 90,000 jobs. The unemployment rate rose to 4.2%, indicating a slight deterioration in the labor market. Traders decreased expectations for another Federal Reserve interest rate hike later this year, with less than a 20% chance for October. Despite a recent rate increase, inflationary pressures remain a concern for policymakers.

Nike has faced significant challenges under Elliott Hill, who was brought out of retirement to stabilize the company. Despite efforts to rebuild relationships with retailers and focus on sports products, revenue continues to decline. The company announced job cuts and projected further declines in sales and profit for the upcoming fiscal year. Nike is also contending with performance issues in its markets, particularly in China.

First programme, earlier planned for October, likely after Diwali as BCAS, NISM and exchanges work on framework