Updater Services IPO to open on September 25. Here are 10 things to know about the offer
The company offers integrated facilities management (IFM) services and business support services to its customers, with a pan-India presence. Its portfolio of services evolved over the years to cater to diverse customer segments across sectors including FMCG, manufacturing and engineering, BFSI, healthcare, IT / IteS, automobiles, logistics and warehousing, airports, ports, infrastructure, and retail, among […]
JSW Infra’s Rs 2,800-crore IPO to open on Monday. Here are 10 things to know about the offer
The IPO is entirely a fresh equity issue of Rs 2,800 crore. This is the first IPO from a JSW Group company in 13 years after JSW Energy listed in 2010.
Gold faces headwinds as hawkish Fed, rising yields pale optimism
The FOMC meeting’s tone was more hawkish than anticipated, resulting in the strengthening of the US dollar to a six-month high and a rise in US 10-year treasury yields to 4.5%, the highest level since 2007. These factors weighed down on gold, which is a non-yielding asset.
Multilateral Development Banks need discontinuous change: Larry Summers, former US Treasury Secretary
“We need discontinuous change, not merely continuous evolution. That change must be both quantitative in the scale with which they operate and qualitative in the way in which they operate,” said Larry Summers.
Maritime and land routes not distinct but part of silk roads ecosystem: Peter Frankopan
“Certainly, massive new investment in infra, energy, transport and communications can, and will, help boost trade even further. But this is a proposed stimulus to something that already exists. The Middle East is already home to a large Indian diaspora, and there are very close trade ties already; the same with Europe,” Frankopan said.
Showing (Corri)door to China’s clout: How IMEC can help India leverage its trade and geopolitical potential
The precise route map of the corridor will be figured out when the stakeholders meet in the next two months. But a Memorandum of Understanding (MoU) unveiled on the sidelines of the G20 leaders’ meeting shed light on its broader contours — a transit through India, the United Arab Emirates (UAE), Saudi Arabia, Jordan, Israel, […]
AI fantasy fades as Wall Street reels from real-world rate jump
The recent increase in borrowing costs across Corporate America is causing concern for stock investors, particularly in the tech sector. Federal Reserve Chairman Jerome Powell’s commitment to keeping interest rates adjusted for inflation elevated has sparked a sell-off in Big Tech stocks. The rising cost of capital is seen as detrimental to equity valuations, and […]
Dalal Street Week Ahead: Tread Carefully! Corrective action can take Nifty to 19,000 levels
Despite the corrective decline, the volatility index, as represented by India VIX, did not rise. In fact, it declined marginally by 2.20% to 10.66 on a weekly basis. This continues to keep the markets vulnerable to incremental corrective retrenchment.
Decoding market corrections: A deeper look at time and price factors
Sustained negative returns over two consecutive years are very rare. Furthermore, investors must also be prepared for time corrections, where the market may take an average of around 30 months over the past decade to recover and reach previous peak levels.
Why industrial commodity prices are under pressure
Going ahead, as the traditional demand drivers of industrial metals have stalled, the short-term price outlook remains under pressure. Though the new demand areas like the clean energy sector are on the cards, they are unlikely to boost prices in the immediate run.