"Global markets shrugged off any concerns over a second wave of COVID-19 in Europe and the increasing case count in the United States. The positive news flow on the efficacy of Moderna, Pfizer and Astra-Zeneca vaccines resulted in full risk-on sentiment," said brokerage firm Kotak Institutional Equities. … [Read more...] about Risk-on rally keeps market aloft but conditions ripe for consolidation, say experts
1929 stock market
There are some more strategic sale transactions that we are planning. One is Nilanchal Ispat Nigam Ltd. It is a joint venture of six companies. Four of them are central PSUs and two are Odisha government PSUs. This particular plant has a huge potential in terms of the land, mines and capacity. It could potentially reach 6-7 million tons of capacity, right now it is less than one million tons. We have done some road shows and there is a tremendous amount of interest in this asset. The EOI will be out soon and we hope to conclude it before March 31. … [Read more...] about Interview | RailTel, IRFC IPOs in pipeline; govt has limited bandwidth to back Air India: DIPAM secretary Tuhin Kanta Pandey
Andersen: I’d consider it a victory if we just assemble the best clean data source on the Web. We really hope to create an ecosystem where there are non-financial rewards for working on problems like this and create a way where people can publish the results of their own credit rating algorithms, evaluate how well they did based on historical analysis, and foster a sort of reputational competition. If we can create that, we can show there are other forces we can leverage to get an understanding of the systematic risk and then let traditional market forces take over from there in terms of investing. … [Read more...] about FreeRisk: Crowdsourcing Credit Ratings?
Doom and gloom plus bold and big is the general theme for this edition of … tech predictions. At the forefront: Apple Inc… still one of the most revered companies in America, and in the world. Since Steve Jobs has passed away there has been a bit less enthusiasm for the actual stock even if the world is addicted to buying the newest release of iPhones and iPads. Depending on who you ask, Apple shares will be cut in half from its 2011 high, which means the stock would tumble to $213.35 at some point in 2012, and an iPad tablet alternative will emerge out of the fragmented Android market. It’ll also open up Siri, its sassy voice-controlled virtual assistant, to third-party developers [and lead to] another startup gold rush. [Either] Apple is planning 32 and 37-inch TV sets for launch in the US next year , which will usher in the era of Demand TV, or it won’t. At any rate, Apple will be less abrasive in 2012. The company will back away from controversial, … [Read more...] about 2012 And Beyond: A Mega, Meta Mashup Of Predictions
Despite money generated from advertising accounting for 85 per cent of Facebook’s revenues last year, and its net income in 2011 reaching $1billion, the company will have to radically change the way it cashes in on its users’ data to make good on its valuation. In its IPO filing Facebook mentions the word “mobile” 123 times, which, given the term’s buzz-worthy status, is hardly surprising. But in most cases Facebook doesn’t use the word “mobile” in positive ways. They make no money from mobile. What’s worse, the more people use Facebook’s mobile services, the more money it loses. As Facebook states in its list of risk factors, “if users continue to increasingly access Facebook mobile products as a substitute for access through personal computers, and if we are unable to successfully implement monetization strategies for our mobile users, our revenue and financial results may be negatively affected.“ … [Read more...] about The Facebook IPO: A Mega, Meta Mashup Of Media