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The Andhra Pradesh government has launched the AP Innovation & Startup Policy (4.0) 2024-2029, aiming to create 20,000 startups and 10 unicorns in five years. The initiative includes establishing 10 centres of excellence in emerging technologies and creating 100,000 jobs, while also enhancing infrastructure to attract semiconductor investments. The policy seeks to strengthen the startup ecosystem by connecting entrepreneurs to global markets and fostering innovation through initiatives like the "Ratan Tata Innovation Hub."
BNP Paribas Exane has revised its price target for Omnicom Group to $110 from $115 while maintaining an outperform rating. Omnicom operates across seven key areas, with advertising services generating the majority of revenue, and has a diverse client base spanning various industries and regions.
Goldman Sachs has upgraded Japan Tobacco's stock rating from Neutral to Buy, raising the price target to JPY5,000, citing strong growth prospects with a projected 4.5% CAGR in adjusted operating profit and 6.1% in net profits through 2025. Despite a recent share price decline, the firm sees potential for increased shareholder returns, supported by improved free cash flow and a consistent dividend yield of 3.25%. Meanwhile, JPMorgan has initiated coverage with a Neutral rating and a price target of JPY4,500, highlighting the company's investments in reduced-risk products while maintaining its traditional cigarette business.
Warren Buffett has increased his stakes in six of his eight "indefinite" holdings, including Japan's five major trading houses, which are integral to the economy and offer attractive valuations amid a pricey stock market. Berkshire Hathaway's investments reflect a belief in steady growth and shareholder-friendly practices. Additionally, Buffett's significant investment in Occidental Petroleum signals confidence in rising crude oil prices due to tight supply conditions.
The report contains information and opinions from reliable public sources but does not guarantee accuracy or completeness. It is not an offer to buy securities and should not be solely relied upon for investment decisions. BNP Paribas may have financial interests in the issuers mentioned and has provided this report for professional investors only, with specific distribution regulations in various regions.
Yen bulls are considering positions as the USD/JPY experiences a decline driven by long positions in the yen, contrasting last year's short covering. Analysts suggest a potential correction to 152.50 this week, but caution against chasing higher rates due to upcoming US tariffs and a possible Bank of Japan rate hike in May that could strengthen the yen.
Dubai-based startup Xpanceo is set to commercialize smart contact lenses, unveiling five prototypes at the Mobile World Congress Barcelona. With plans to deliver an upgraded prototype by 2026, the company aims to integrate features like hormone and glucose tracking, leveraging advancements in academic research and securing $40 million in funding. In contrast to Mojo Vision, which pivoted to micro-LED technology after raising over $150 million, Xpanceo has made significant progress with less capital.
Asian shares showed mixed results, with Chinese markets declining after a rally on Wall Street driven by tariff hopes. The Nikkei 225 rose 0.3%, while Hong Kong's Hang Seng fell 2.2%. U.S. futures dipped slightly, and oil prices remained stable as investors await key economic updates this week.
Citigroup has appointed Akira Hoshino as the new head of markets for Japan. This move comes amid a landscape where trading in financial instruments and cryptocurrencies carries significant risks, including potential loss of investment. Investors are advised to thoroughly understand these risks and seek professional guidance.
Citigroup has appointed Akira Hoshino as the new Head of Markets for Japan. The markets business operates in nearly 80 countries, providing a range of services including underwriting, sales, trading, and distribution across various asset classes such as commodities, equities, and rates.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
andhra pradesh targets 20000 startups and 10 unicorns by 2029
11:30 25.03.2025
bnp paribas exane lowers omnicom group price target to 110 dollars
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financial report disclaimer and regulatory compliance overview by BNP Paribas
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Dubai startup aims to commercialize smart contact lenses by 2026
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Citigroup names Akira Hoshino as new head of markets in Japan
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