Friday, December 27

Tag: investors

Cautious investors brace for volatility, negative opening
15Apr By adminNo Comments
Business

Cautious investors brace for volatility, negative opening

MUMBAI: Dalal Street investors are bracing for heightened volatility and a negative opening on Monday as the Iran-Israel conflict will compound turmoil in global markets. Traders would remain cautious and wait for cues to take a view about the market's trend, they said. For one, any escalation of the conflict could have a direct impact on crude oil prices globally.Over the past two weeks, crude prices have been on an upward path after Ukraine and Russia both targeted each other's energy installations. With crude among India's top import items, this could mean pressure on the currency and domestic inflation, economists and analysts said.In the last one month, Brent crude prices have jumped about 6% to above the $90/barrel level, and analysts expect it could soon break above the $100-mark i...
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Gold surges as Middle East tensions spur safe-haven rush
12Apr By adminNo Comments
Business

Gold surges as Middle East tensions spur safe-haven rush

Gold prices rose above $2,400 per ounce to an all-time high on Friday, heading for their fourth week of gains, as growing tensions in the Middle East prompted investors to seek refuge in the safe-haven assets. Spot gold eased 0.8% to $2,353.35 per ounce as of 1:40 p.m. ET (1740 GMT), taking a breather after hitting a record high of $2,419.79. Prices were up around 1% for the week.U.S. gold futures settled 0.1% higher at $2,374.1. Taking cues from gold's upward momentum, platinum tested the key $1,000 per ounce level to its highest level in nearly four months. "What's really telling about the strength of gold is the U.S. dollar index and Treasury yields are climbing, yet gold continues to rally strongly - that's very indicative of strong safe-haven demand," said Jim Wyckoff, senior analys...
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IPOs: Most IPOs in 2023 gain more than sensex
1Jan By adminNo Comments
Business

IPOs: Most IPOs in 2023 gain more than sensex

MUMBAI: In a year when key equity benchmarks scaled new highs and rallied nearly 20% making investors richer by about Rs 85 lakh crore, 55 of the 59 issues gave IPO investors handsome returns of 45% on average. In fact, 2023 turned out to be an outlier for primary market investors when 59 companies hit the street, raising Rs 54,000 crore, and returned over 45% more than the issue prices on average, according to exchange data.This means that more than two-thirds of companies outperformed benchmark indices which rallied close to 20% in the year.The average listing gain for all the 59 IPOs is 26.3% and their average gain as of December 29 is 45%. !(function(f, b, e, v, n, t, s) { function loadFBEvents(isFBCampaignActive) { if (!isFBCampaignActive) { return; } (f...
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Harvard Is Big Business at Its Worst
17Dec By adminNo Comments
World

Harvard Is Big Business at Its Worst

Dec. 17, 2023 11:38 am ETMost Americans probably heard of the Harvard Corp. for the first time last week, when it issued a supercilious statement affirming its support for Harvard President Claudine Gay. The corporation, Harvard’s governing body, wrote that Ms. Gay “is the right leader to help our community heal and to address the very serious societal issues we are facing.”The statement was effectively a middle finger to alumni such as hedge-fund titan Bill Ackman, who had demanded Ms. Gay be canned after she equivocated before Congress over whether calling for the genocide of Jews violated Harvard’s rules against bullying. The corporation wished to convey it wouldn’t bow to outside pressure.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cde...
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Murky use of private credit funds may invite harsh regulatory scrutiny
6Dec By adminNo Comments
Business

Murky use of private credit funds may invite harsh regulatory scrutiny

By Andy Mukherjee There are plenty of high-performing private investment vehicles in India, but it’s the few that are being set up for dubious purposes that may bring harsher regulatory scrutiny to the country’s most rapidly expanding asset class.   So far, the most egregious use of these so-called alternative investment funds has been by nonbank finance companies, several of whom have employed these bespoke structures for pure regulatory arbitrage. When it looked like their big-ticket borrowers, especially real-estate projects, were going to default, some financiers took recourse to new funds tailormade for them by Wall Street firms. Investors who pooled money were issued senior securities, earning them interest. The finance company also contributed, but...
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Tata Technologies to boost India’s hot IPO market on trading debut
30Nov By adminNo Comments
Business

Tata Technologies to boost India’s hot IPO market on trading debut

By Ashutosh Joshi and Filipe Pacheco India’s busy market for initial public offerings is set to get a boost as shares of Tata Technologies Ltd., the first company from the salt-to-software conglomerate to list since 2004, begin trading in Mumbai Thursday.     Tata Technologies’ IPO raised Rs 3,040 crore ($365 million), with shares being sold at Rs 500 each, the top of the marketed range. Demand exceeded shares on offer by 69 times, as investors piled into the engineering unit of luxury carmaker Jaguar Land Rover’s owner Tata Motors Ltd. The sale comes as India logs a record number of listings in 2023, fueled by a booming stock market and optimism about the country’s economic growth. The frenzy reached a fever pitch last week when first-time share sales from f...
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Here’s what we know of OpenAI’s Sam Altman’s ousting and possible return
19Nov By adminNo Comments
Business

Here’s what we know of OpenAI’s Sam Altman’s ousting and possible return

By Seth Fiegerman OpenAI stunned employees, investors and much of Silicon Valley on Friday by ousting Chief Executive Officer Sam Altman, who more than any other figure had emerged as the face of artificial intelligence following the viral success of his company’s chatbot, ChatGPT. Almost instantly, the world’s best-known AI startup, which has been in talks to sell employee shares to investors at an $86 billion valuation, was thrown into disarray. Several people, including OpenAI President Greg Brockman, have resigned, the board is facing investor pressure to reinstate Altman and there’s a possibility the board itself resigns in the coming days.    Here’s the latest: Altman clashed with board on safety, ambitions   OpenAI’s decision to...
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Middle East: Gold rises 1% as Middle East conflict spurs safe-haven demand
9Oct By adminNo Comments
Business

Middle East: Gold rises 1% as Middle East conflict spurs safe-haven demand

Gold prices rose more than 1% on Monday as the military conflict between Israeli forces and Palestinian Islamist group Hamas raised political uncertainty in the Middle East, prompting safe-haven buying of investments like bullion. Israel pounded the Palestinian enclave of Gaza on Sunday, killing hundreds of people in retaliation for one of the bloodiest attacks in its history when gunmen from Hamas rampaged through Israeli towns on Saturday. Gold is used as a safe investment during times of political and financial uncertainty. Spot gold jumped 1% to $1,850.70 per ounce by 0921 GMT, having hit its highest level in a week. US gold futures climbed 1.1% to $1,865.10. With investors looking for safe haven assets, gold has benefited at least in the short-term from the spike in geopolitical tens...
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