Top Headlines: Fed lifts rates, quick commerce in funding winter, and more

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Fed lifts rates by half percentage point, sees economy nearing stall speed

The US Federal Reserve raised interest rates by half a percentage point on Wednesday and projected at least an additional 75 basis points of increases in borrowing costs by the end of 2023 as well as a rise in unemployment and a near stalling of economic growth. Read More
 

40% of all vehicles sold will be electric by 2030, says Bain & Co report

As much as 35 per cent to 40 per cent of all vehicles sold in the country across segments will