"In terms of asset allocation, we have double weight on India, but that does not mean we are very bullish on India. Indian stock markets in index terms did remarkably well this year," said Christopher Wood, Global Head of Equity Strategy at global investment banking firm, Jefferies Group. “Given India’s low weightage, I should be triple overweight on India,” he added. He said, in Jefferies, the long term portfolio (ex-Asia Japan) - a constant area of exposure - has been Indian private sector banks. The private sector bank index performed well. The Nifty Private Bank index shot up nearly 15 percent so far in 2019, and, in the same period, the benchmark Nifty50 index gained nearly 11 percent, thanks to easing NPA concerns and structural reforms announced by the government. "We remain surprising about the collapse of growth in India with nominal rate of GDP falling sharply to 6.1 percent (with Q2 GDP at 4.5 percent, the lowest in more than six years) but earnings growth … [Read more...] about Given India’s low weightage, I should be triple overweight on India: Jefferies Group’s Christopher Wood
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At a UPS operating center in midtown Manhattan, two cargo delivery bikes will soon begin rolling out of a driveway in the morning a few hours before the usual delivery trucks begin their routes. The company is part of a new six-month pilot program in New York City that will test how well cargo bikes, with electric “pedal assist” for couriers, can potentially help relieve traffic by replacing some delivery trucks. A similar system is already in use in several other cities around the world: New York can learn from what’s working elsewhere to consider how the pilot could scale up. advertisement advertisement In European cities, UPS typically brings a shipping container from a depot to a spot in the city center early in the morning, and couriers on bikes take loads of deliveries to nearby neighborhoods. Since the cargo bikes can’t carry as much as a truck, the cyclists have to make multiple trips; the system only makes economic sense in congested areas … [Read more...] about What will make cargo bike package delivery succeed in New York?
Just as the Donald Trump administration turned one, the US government was plunged into a historic shutdown – the third in a quarter of a century – after Democrats stalled a spending bill in order to oppose the government’s decision to rescind the Obama-era DACA policy.The DACA protects undocumented immigrants who came to the US as children. But by forcing a US government shutdown, the Democratic Party just doubled down on a bet it has lost badly recently -- that it is willing to stare down Trump on the cornerstone subject of his politics, race. Even at the risk of angering traditional white, “the real”, Americans. The US President, of course, did not waste any time rubbing this in.Not looking good for our great Military or Safety & Security on the very dangerous Southern Border. Dems want a Shutdown in order to help diminish the great success of the Tax Cuts, and what they are doing for our booming economy.— Donald J. Trump (@realDonaldTrump) … [Read more...] about Year one in office: Donald Trump rides economic boom, xenophia wave
Although we’re writers at heart at Co.Exist, we’ll admit that photos can be a more powerful medium. These are some of the most compelling stories told in photos on the site this year. They’re a window into important, slow-burning world events, such as the refugee crisis, the rise of income inequality, and the environmental impacts of a growing world population. But others tell inspiring stories of social and personal change, such as this series on amputee veterans and the death of the icon of American consumerism: the shopping mall. advertisement advertisement Others are clever representations of the culture we live in today. This series shows our addiction to smartphones by cutting out the devices from the photo–what’s left is how mentally-checked out we are from our surroundings. Another shows comic book heroes with average bodies, illustrating the distorted body image many of us develop from the media we consume every day. Take the time to … [Read more...] about 14 Stunning Photo Essays That Show Our Changing World In The Last Year
The Enforcement Directorate (ED), which recently succeeded in getting diamantaire Nirav Modi declared a fugitive economic offender is now set to confiscate his assets for auction. ED has already identified assets that can be sold smoothly."Enforcement Directorate has attached assets worth Rs 2,400 crores which will be auctioned,” a source close to the development told Moneycontrol.Another source said, "On January 10, ED will file details relating to properties that are unsecured and where nobody has any claims, with a special court. The court has given ample time to identify assets that are not pledged.”Close These assets include Nirav Modi’s apartment in one of Mumbai’s prominent housing society, Samudra Mahal, and 6-7 other real estate properties in South Mumbai. The Mumbai and Jaipur offices of Modi's company Firestar Diamond and jewellery worth over Rs 500 crore also may be put up for sale. related news PNB fraud case: Nirav Modi declared fugitive … [Read more...] about Enforcement Directorate set to confiscate Nirav Modi’s assets for auction