Ather Energy witnessed significant block deals totaling Rs 545 crore as NIIF-II booked profits by offloading shares. Boston-based Ghisallo and Societe Generale were among the notable buyers, acquiring substantial stakes in the electric two-wheeler manufacturer. Other investors like Invesco Mutual Fund and Motilal Oswal also participated in the transaction.
Pine Labs delivered a strong market debut, listing at a 9.5% premium and rallying further to give IPO investors gains of nearly 30% from the IPO price. Brokerages remain positive on the companys long-term prospects but advise allotted investors to hold.
Societe Generale made significant investments on Thursday. The French bank acquired stakes in Sammaan Capital, Tata Capital, and Axis Bank. Its largest purchase was in Sammaan Capital. These block deals involved substantial financial transactions. Investors will be watching these companies closely following this development.
A recent US government shutdown has sparked debate on its impact on America's global standing and trade relations with India. Market expert Santosh Rao suggests the political narrative remains divided, with uncertainty clouding trade talks. While the shutdown highlights governance strains and fiscal concerns, its long-term economic impact is expected to be limited, with the US economy showing resilience.
Indian markets are consolidating, with midcap valuations appearing stretched. Equitree Capital's Pawan Bharaddia highlights the 1,0005,000 crore market-cap segment as a sweet spot, offering strong earnings growth at reasonable valuations. He also identifies India's tourism sector as a potential multi-decadal investment opportunity due to improving connectivity and domestic travel.
In a provocative episode, Tucker Carlson's interview with white nationalist Nick Fuentes has sparked a heated discourse among Republicans. The dialogue reveals significant rifts regarding issues of extremism and anti-Semitism, prompting many to reassess the party's trajectory and the balance of power within it.
The Federal Aviation Administration announced Wednesday that airlines won't have to cut more than 6% of flights because air traffic controller staffing has improved significantly in the last few days.
Despite a trade truce, China's continued dominance in global exports, even in low-skill manufacturing, hinders developing nations. This anomaly, driven by Beijing's intervention rather than natural economic progression, prevents capital and technology transfer, depriving poorer countries of their potential to grow and enrich their populations.
As the US scales back its imports from China due to tariffs, other countries are stepping in to fill the gap. Meanwhile, China's exports have soared to unprecedented levels, showcasing its manufacturing prowess and knack for tapping into new markets. Emerging economies are finding a lifeline in budget-friendly Chinese products, illustrating a shifting landscape in global trade relations.
Wall Street experienced significant declines on Thursday, driven by steep losses in AI heavyweights like Nvidia. Investors scaled back expectations of interest rate cuts due to inflation concerns and differing views among central bankers on the U.S. economy's health. This sentiment led to a market rotation away from technology stocks.
