Strategy Financial News

Argentina heads to vote on Sunday to choose from option to bring the Argentine economy out of an economic catastrophe. The contestants- Economy Minister Sergio Massa, from the ruling Peronist party, against libertarian outsider Javier Milei. Milei stands out for displacing a traditional center-right coalition in the first round of voting last month.

ABUJA — MTN Nigeria, a leading telecommunications company, is advancing its infrastructure strategy by reallocating approximately 2,500 network sites from IHS Towers to American Tower (NYSE:AMT) Corporation (ATC). This move is part of a detailed bidding process that aligns with the company's contract renewal schedule, with most IHS agreements set to conclude by 2029.

The Nasdaq 100 serves as the primary benchmark for technology sector companies, renowned for their strong performance in bull markets, often surpassing traditional value companies.

Joe Biden ends nearly every speech by saying he's «never been more optimistic» about the country's direction. But lately he also has begun painting a vision of a catastrophic future for the United States — that is, if Donald Trump returns to the presidency. Biden in recent days has accused the former Republican president of being «determined to destroy American democracy» and being out for «revenge» and «retribution.» Biden's reelection campaign is sending more emails with stark warnings: «Trump's America in 2025: A Unilateral National Abortion Ban» and «Trump's America in 2025: Mass Detention Camps.» Trump has proposed the largest operation to arrest and deport migrants in U.S.

Air Force capabilities but also in increasing the productivity and production ability of defence public sector units, Air Chief Marshal Vivek Ram Chaudhari said on Sunday. Responding to a question during a session at the Synergia Conclave 2023, he said the private industry also needs to ensure that they match up with the production capability to ensure that the rollout of fighters that the Air Force orders takes place on time.

Mutual funds’ collection through new fund offerings (NFOs) surged nearly four times to Rs 22,000 crore in the July-September period this fiscal compared to the preceding quarter as 48 new schemes hit the market. Going forward, more NFOs can be expected in the coming quarters as several AMCs become operational and offer similar and differentiated products to the equity and debt investors, Gopal Kavalireddi, Vice President of Research at FYERS, said. “With investors firmly believing in the India growth story and the emergence of new segments in organised space, more and more companies are seeking funds through primary and secondary market offerings.

By John Kallelil

Efforts were underway on Sunday to build an access road at the top of the hill above Silkyara tunnel for initiating vertical drilling to reach 41 workers trapped for seven days, with authorities hopeful that a platform to drill the hole might be ready by this afternoon.

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.

Astrotalk CEO Puneet Gupta has stirred a mix of curiosity and amusement on social media by announcing a whopping reward of Rs 100 crore for its users if India emerges victorious in the World Cup final against Australia. Gupta took to LinkedIn to declare that the bounty would be 'equally divided' among the users and deposited into their app wallets. “So, this morning I spoke to my finance team and pledged to distribute.

children under 12 years of age, impacting their development, scientists have found after reviewing 33 brain imaging studies spanning 23 years and involving 30,000 participants. Screen time, referring to the time children spend watching television or playing computer games, was found to impact the development of executive functions of brain such as working memory, planning and responding flexibly to changing situations by making structural changes in the pre-frontal cortex, the scientists found.

Uttarakhand. The rescue team is considering alternatives including a perpendicular tunnel with two proposed routes and insertion of a pipe six inches (15 cm) wide, reported Reuters. Being inside for nearly 130 hours, 41 men are now grappling with health issues, including constipation, headaches and growing anxiety and trauma induced by fear and claustrophobia, reported ToI. Five Plan strategy The rescue team is now focusing on five new plans for the workers.

FPIs bought Indian equities worth Rs 1,433 crore thus far in November, mainly due to the decline in US treasury bond yields and crude oil prices. Foreign Portfolios Investors (FPIs) were net sellers till November 15. However, they reversed the selling trend by infusing money during November 16-17, data with the depositories showed.

BJP focusses on strengthening its organization at ground level in Uttarakhand, the state’s main opposition Congress is trying hard to revive its old support base ahead of the 2024 Lok Sabha polls. BJP, which won all the five seats in the 2014 and 2019 LS polls, is aiming to repeat its same performance in the coming 2024 LS polls. Apart from selecting “Vistarak” for all the five LS seats, the party has started a special campaign to make voters aware about various schemes of the centre as well as the state government. For this purpose, the party has been forming “Toli” (a group of BJP supporters) at every booth.

Andrew Holland, CEO, Avendus Capital Alternate Strategies, says “we have been dipping our toes in the power financier space. I think everyone is shifting a little bit away towards this type of financing companies and just away from NBFCs in the short term. There is a lot more to go because it is the renewables sector and it is something important to governments globally and it is going to see a lot of investment. So, the likes of REC will continue to do well and gain market share.” Would you be a buyer of some of these stocks which took it on the chin on Friday – L&T, RBL, some other PSU banks as well? You know it has been interesting. We have kind of been scratching our heads over the past few months about the whole financial sector and particularly the banks with their stellar results. Yes, not great commentary about NIMs, but there was something that was just holding the sector back. And maybe now with what the RBI has done, we know what the concerns were. To my mind, it is kind of fairly well priced, given the underperformance.

AMP Bank has become the first bank to increase interest rates for existing customers by more than the Reserve Bank of Australia’s latest cash rate rise, as it tries to turn around shrinking profit margins on home loans.

₹1,433 crore worth of Indian equities and the total inflow stands at ₹15,375 crore as of November 17, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. 'The resilience of the market and strong up moves on favourable days have forced a rethinking in FPI strategy.

«A breakthrough of the resistance at 19,850 by the end of the month is anticipated, potentially paving the way for further upward movement towards 20,200-20,500 levels,» says Kunal Shah, Senior Technical & Derivative analyst at LKP Securities.

By Shreyash Devalkar

Money market funds have emerged as an alternative for individuals parking their funds for a short duration, typically three to six months. These funds are attracting conservative investors seeking better yields without significant risk as they provide a combination of safety, liquidity, and relatively stable returns. Also, given the recent volatility in the markets, some long-term investors are viewing money market funds as an interim solution.

By Christopher Roberts