indonesia plans tax amnesty revival to enhance revenue and tax base

Indonesia is set to discuss reviving its tax amnesty program next year as the government aims to enhance state revenue and expand the tax base. The newly-appointed parliament has prioritized a revision of the Tax Amnesty Law, with discussions expected to lead to implementation as early as next year.

K plus S shares rated sell by UBS AG analysis

K+S shares are currently priced at €11.30, reflecting an increase of €0.14 or 1.26%. UBS AG has issued a "Sell" recommendation for K+S, indicating a cautious outlook for the stock moving forward.
07:35 19.11.2024

ed probe reveals amazon and flipkart"s fdi violations with sellers

The Enforcement Directorate (ED) is set to file a complaint against Amazon and Flipkart for violating foreign direct investment (FDI) norms, following an investigation that revealed direct links between the companies and their preferred sellers. Interrogations of top sellers indicated that Amazon and Flipkart exert significant control over inventory and profit margins, supported by substantial evidence, including email communications. Neither company has received formal communication from the ED regarding the findings.

Dubai ruler"s firm plans separate real estate listings for 2025

Dubai Holding, the investment conglomerate owned by the ruler of Dubai, is exploring plans to separately list its commercial and residential real estate assets in 2025. The strategy aims to capitalize on the city"s booming real estate market, with potential plans to create a separate entity for malls and commercial properties, alongside a real estate investment trust for residential units.

eim fund increases to eight billion to expand global operations

Rajeev Misra’s One Investment Management has increased its fund size to $8 billion, raising over $1 billion this month to enhance its operations. The two-year-old fund is expanding its global presence with new offices planned in New Delhi, alongside existing locations in New York, London, Abu Dhabi, and Tokyo.

estle lowers profitability target and plans water business spin-off

Nestle SA has lowered its medium-term profitability target, now aiming for a trading operating margin of 17%, down from the previous goal of 17.5% to 18.5%. The company also announced plans to spin off its water business into a standalone entity as new CEO Laurent Freixe addresses the slowest growth in decades. Sales are expected to rise by 4% or more in a normal operating environment, contrasting with the mid-single-digit growth forecasted for 2025.

fintech firms monitor klarna"s ipo for market reopening signals

Fintech unicorns are closely monitoring Klarna"s recent confidential IPO filing in the U.S. for indications of a market recovery, though many, including GoCardless and Airwallex, believe it"s not yet time for their own public offerings. Analysts express cautious optimism about the IPO landscape, suggesting a potential opening in the next couple of years, particularly in the U.S. by 2025, which could lead to increased activity in Europe thereafter.

Mahindra and Mahindra shares rise as CLSA projects strong growth potential

Mahindra and Mahindra (M&M) shares rose 4% to Rs 2,959 after CLSA maintained an "outperform" rating with a target price of Rs 3,440, indicating a 16% upside. Analysts expect growth to focus on mid and premium SUVs, supported by a strong pipeline of new model launches and shifting consumer preferences. M&M also reported an 18% YoY growth in passenger vehicle volumes in Q2 FY24, outperforming competitors, while the tractor segment is projected to enter a growth cycle with significant volume and EPS increases through FY27.

tpc green energy ipo signals growth in india"s renewable energy sector

NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC, is positioned as India"s largest renewable energy public sector enterprise, focusing on solar, wind, and hybrid projects. Established in April 2022, NGEL benefits from NTPC"s decades of expertise, strong industry relationships, and low-cost funding, ensuring robust project execution and operational efficiency. With a diversified portfolio and a solid project pipeline, NGEL is well-equipped for future growth in India"s evolving energy landscape.

European markets set for higher open amid earnings and inflation focus

European markets are set to open higher, with the FTSE 100 up 39 points and the DAX rising 53 points, as investors await earnings from Imperial Brands and Thyssenkrupp, along with euro zone inflation data. In the U.S., confidence in rate cuts by the Federal Reserve appears to be waning, with a 62.1% likelihood of a December cut, down from previous weeks. Meanwhile, Wall Street banks have differing predictions for gold prices in 2025, with Goldman Sachs forecasting $3,000 per ounce.
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