foreign funds shift focus to indian ipos amid record domestic share sales

Domestic share sales in India are witnessing unprecedented interest from global funds, with primary market purchases, including IPOs, reaching $11.5 billion this year, surpassing the previous record set in 2021. In contrast, foreign investors have withdrawn over $13 billion from the secondary market, driven by high valuations. India has emerged as a significant hub for dealmaking, raising a record $28.4 billion from IPOs and primary offerings in 2023, more than double the capital raised the previous year.

bears target modi stocks as maharashtra polls approach close finish

Bears are circling Modi stocks as Maharashtra polls approach a tight finish. A relief rally may be on the horizon after seven consecutive sessions of losses, with Nifty futures indicating a strong start and Asian markets trading higher. Despite a more favorable valuation for stocks, small- and mid-cap sectors may face further earnings downgrades.

ynthetic lethality drugs market projected to reach 5.3 billion by 2033

The global market for synthetic lethality drugs and targets is projected to grow from $1.3 billion in 2023 to over $5.3 billion by 2033, with a CAGR of 15.09%. North America is expected to dominate the market due to advances in genetic science and rising cancer rates, while the Asia-Pacific region is anticipated to experience the fastest growth. Key players include Pfizer, AbbVie, and AstraZeneca, with increasing investments in biotechnology and personalized medicine driving innovation in cancer treatment.

public sector banks show improved efficiency but need better customer experience

Public sector banks (PSBs) have demonstrated significant improvements in operational efficiency, surpassing private sector banks, according to a recent SBI study. However, the quality of customer experience remains a critical area for enhancement, highlighting a need for PSBs to focus on customer satisfaction alongside their efficiency gains.

fusion microfinance faces significant losses and rising delinquencies in second quarter

Fusion Microfinance reported a significant quarterly net loss of Rs 305 crore in Q2, driven by increased provisioning and rising delinquencies. Analysts caution that profitability may continue to be affected in the near future. To regain investor confidence, the lender must address its bad loans, despite having strong promoter backing and a rights issue plan.

pension group opposes mineral resources pay plan amid ongoing scandals

A group representing Australia’s A$3.9 trillion pension industry has urged its members to oppose the remuneration plan of Mineral Resources Ltd. at the upcoming annual general meeting. The Australian Council of Superannuation Investors seeks clarity on what directors knew regarding the company"s investment in industrial property partly owned by Managing Director Chris Ellison. This controversy is part of a series of scandals that have caused the company"s value to plummet by over 50% since May.

gold prices rise to rs 74468 with year over year gains

Gold prices rose to Rs 74,468.00 on November 18, 2024, marking a 1.62% increase from the previous day, according to MCX data. Year-over-year, prices have surged by 22.71%, although they remain below the peak of Rs 79,362.00 reached on October 30, 2024. For gold futures expiring on December 5, 2024, the price was Rs 75,047.00 per 10 grams, up 1.49% from the prior day.

China strengthens ties with Latin America through new port in Peru

China is enhancing its economic ties with Latin America, exemplified by the inauguration of a $3.5 billion megaport in Peru, which will significantly reduce shipping times to China. This development is part of China"s Belt and Road initiative and positions China as a dominant trade partner in the region, challenging U.S. influence. Experts note that the port could lead to increased Chinese investment and revive discussions on a bioceanic corridor linking Peru and Brazil, further solidifying China"s strategic presence in Latin America.

China reaffirms commitment to financial opening at global investment summit

China"s policymakers, including Vice Premier He Lifeng, reaffirmed their commitment to financial openness at the Global Leaders’ Investment Summit in Hong Kong. They highlighted the strength of the Chinese economy and pledged to enhance market access for foreign investors, particularly in Hong Kong.

addressing the korea discount and its impact on global investments

South Korea"s stock market faces a "Korea Discount," where shares trade at lower valuations compared to global peers, largely due to poor corporate governance and the geopolitical risk from North Korea. President Yoon Suk Yeol aims to enhance board accountability to attract retail investors, but he must navigate entrenched business interests that benefit from the current system. Major firms like Samsung and Hyundai are often undervalued despite comparable profitability to international competitors.
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