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A new biography explores the life of Xi Zhongxun, father of China's current leader, Xi Jinping. It examines why Xi Jinping's rule echoes Mao's autocracy, despite his father's reformist ideals. The book reveals the inherent contradictions within the Chinese Communist Party. It highlights the suffering endured by both father and son during the Cultural Revolution.
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Vodafone Idea's shares fell despite ongoing talks with the government for AGR relief, highlighting the company's financial struggles. CEO Akshaya Moondra emphasized the need for pricing reforms and government support, following a Supreme Court setback. Nuvama brokerage has reduced the share price target to Rs 7.
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Rohit Beri of ArthAlpha Investment Advisors presents a bullish outlook on Indian equities, projecting a $10 trillion market capitalization by 2030. He advises investors to remain cautious amid current market volatility, focusing on sectors like capital goods, infrastructure, and renewables for long-term growth. For high-net-worth individuals, he recommends a strategy balancing capital preservation, growth, and tactical agility.
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