India
Modi’s weaker-than-expected election win raises questions over his economic and political agenda
Indian Prime Minister Narendra Modi gestures as he arrives at Bharatiya Janata Party (BJP) headquarters in New Delhi, India, June 4, 2024. Adnan Abidi | Reuters The election outcome in India has turned out to be a huge political blow for Prime Minister Narendra Modi and his ruling party, and has significant implications on how […]
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The super-rich are moving cash to one city, wealth manager says, revealing how they’re investing
The growth prospects of countries like India and South Korea have seen many investors and big-name banks turn bullish on emerging markets this year. One wealth manager, however, said his super-rich clients are focused elsewhere. “A lot of wealth, especially from ultra-high-net-worth individuals, is moving to Dubai,” Dhruba Jyoti Sengupta, CEO of Wrise Private Middle […]
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Modi’s alliance set for narrower-than-expected victory in India’s election
India’s Prime Minister Narendra Modi displays his inked marked finger after casting his ballot at a polling booth at Ranip, Ahmedabad on May 7, 2024. Sajjad Hussain | Afp | Getty Images The Bharatiya Janata Party-led National Democratic Alliance was set to come to power in India again, according to the Election Commission of India […]
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India to kick off vote counting for the world’s most significant election, with exit polls projecting a Modi victory
Supporters of the ruling Bharatiya Janta Social gathering (BJP) keeping reduce-outs of India’s Key Minister a Narendra Modi through an election campaign rally in Amritsar on Might 30, 2024. Narinder Nanu | Afp | Getty Photographs India will get started counting votes for its 2024 typical election at 08:00a.m. neighborhood time on Tuesday, with Narendra […]
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Stocks generating the biggest moves midday: GameStop, Paramount, Spotify, Krispy Kreme and a lot more
Check out the corporations producing headlines in midday trading: GameStop — The meme inventory jumped much more than 25% in risky buying and selling amid speculation that Keith Gill, the male who motivated 2021′s epic short squeeze, could have a enormous placement in the movie recreation retailer. Gill, who goes by DeepF——Price on Reddit, reappeared […]
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‘No big deal’: Mark Mobius says he’ll stay bullish on India no matter the election results
Mark Mobius, Chairman Mobius Emerging Opportunities Fund speaking on CNBC’s The Exchange on March 27th, 2024. Adam Jeffery | CNBC Veteran emerging markets investor Mark Mobius said India’s election outcome will not change his bullish views on the country. The world’s most populous nation kicked off a multi-phase election on April 19, as nearly one […]
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Volkswagen in concrete conversations more than car or truck partnerships in India
The logo of German motor vehicle big Volkswagen (VW) is found on a Volkswagen ID Buzz van during the company’s yearly push meeting to present the business report, on March 14, 2023 in Berlin. Odd Andersen | AFP | Getty Visuals Volkswagen is in concrete talks about partnering up on passenger vehicle output in India, […]
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BofA names ‘Asia’s most important stocks’ — and analysts give one over 40% upside
BofA Securities has screened for 20 of Asia’s “most important stocks,” selected from the constituents of the MSCI Asia Pacific Index. Each stock’s importance is measured by “multiplying the index weight and the extent to which the stock performs differently from same Index (the volatility of relative return versus the MSCI Asia Pacific Index over […]
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Modi’s strongman rule raises questions about India’s ‘democratic decline’ as he seeks a third term
Narendra Modi, India’s prime minister, center, during a campaign rally in Agra, Uttar Pradesh, India, on Thursday, April 25, 2024. Modi doubled down on his attacks against the main opposition party by using language critics say sows division between the country’s Hindu majority and Muslim minority. Photographer: Prakash Singh/Bloomberg via Getty Images Bloomberg | Bloomberg […]
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Many Indian stocks are in a ‘bubble,’ investor says, revealing the stock he just sold
India’s mid-cap stocks are in a “bubble” despite the country’s promising economic prospects, according to contrarian fund manager Jonathan Pines. Pines, who runs Federated Hermes’ $3.1 billion Asia ex-Japan fund , believes there is a disconnect between the nation’s growth potential and current stock market valuations. “If you were a top-down investor, India looks amazing […]
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