Then, a couple of Essel Group companies defaulted on repayments. The debt instruments issued by the group companies were backed by the shares of Zee Entertainment, which were placed as collateral. Some fund houses sold the shares as a result of which Zee Entertainment and Dish TV (with the same promoter group as Zee’s) stocks crashed as the margin calls were triggered. … [Read more...] about MFs wrap 2019: A period of churn for debt funds and a roller coaster ride for equity schemes
Cleantech private equity
AdWords for spyware NSO’s Google push reflects a basic strategy for online reputation management. Businesses regularly try to enhance the visibility of their web pages through aggressive search engine optimization techniques. Troubled brands use the same strategy to ratchet positive content to the top of search results to, at least in theory, neutralize critical content. Overcoming the sheer number and variety of reports on NSO Group would be daunting, so Google ad buys might well be the next best option for the company. … [Read more...] about The shadowy firm blamed for tracking Jamal Khashoggi launches a Google ad blitz
The Budget speech mainly reflected on the key achievements of the present government over the past five years and their vision for India. It can be assumed that the government refrained from announcing big-ticket changes in this Budget. The budget maintained a good balance between populism and fiscal prudence (this was expected being an election budget). The government missed its FY19 fiscal deficit target (of 3.3 percent of GDP) and instead pegged it at 3.4 percent. It budgeted the FY20 fiscal deficit target at 3.4 percent of GDP, missing the glide path target of 3.1 percent. The Budget poses tough challenge for the fiscal situation for FY20 given the aggressive assumptions for tax revenue growth; it however, is expected to boost consumption. This growth mix may prove to be neutral for the overall macro situation. … [Read more...] about Budget 2019: An Election Agenda?
Chipman envisions gun-detection camera systems being implemented in spaces, both public and private, where governments and businesses want to protect people. He characterizes such systems as “metal detectors 3.0″—ones that could be used in places like schools, sports stadiums, and malls to help react more quickly to shooters. And Chipman sees this technology being useful beyond the prevention of mass shootings. Chipman thinks gun-detection systems would be invaluable in hot spots for urban gun violence, where most people neither see nor hear a gunshot and where any witnesses might be unlikely to report a crime to police anyway. … [Read more...] about How gun-detection technology promises to help prevent mass shootings
Take another example. The market made a low on around February 12th, 2016. Nifty made a new low but other indicators were showing divergences. By February 20th, 2016 when the budget was there we had all the discussions about the recession and long-term capital gains would be announced. During this two weeks, Dow Jones indices and other markets had all moved up 5 percent from the bottom. … [Read more...] about It is not about selection but about allocation: Nooresh Merani