There’s likely to be a period of consolidation due to the stronger dollar and concerns over the potential for more US fiscal stimulus to lead to higher rates before the precious metal starts climbing again, UBS analysts including Levi Spry and Lachlan Shaw said in a note. Bullion would rise a little further, to $2,950 an ounce, by the end of 2026, they said.
Posts in category All News
U.S. Proposes Breakup of Google to Fix Search Monopoly (21-11-2024)
In a landmark antitrust case, the government asked a judge to force the company to sell its popular Chrome browser.
Vedanta Resources may raise $1.2 billion to refinance debt (21-11-2024)
The company is in talks with investors to raise $500 million in the coming weeks through a bond issue to partly refinance $606 million of outstanding 13.875% notes maturing in 2028. This is a re-tap of the bonds raised in September and the instrument is likely to be priced around 10.2%, where the bond is trading.
BoB, Axis plan to raise Rs 6,500 crore via bond issues (21-11-2024)
State-run Bank of Baroda will likely offer tier-2 bonds worth ₹3,500 crore for 15 years, while private lender Axis Bank is looking at raising ₹3,000 crore through tier-1 bonds.
Affluent investors too feel the pinch as markets turn wobbly from lofty highs (21-11-2024)
According to data from primeinfobase.com, the value of the portfolios of Radhakishan Damani, Rakesh Jhunjhunwala’s family, Ashish Dhawan and Nemish Shah, among others, fell amid the 10% decline in the Nifty since Sept 27.
Axis, KIMS among HSBC’s 12 ‘actionable’ stock ideas in Asia (21-11-2024)
“We believe Asia in 2025 will look very different from what it did in the past few years,” said HSBC’s analysts. “Mainland China is turning a corner, India is slowing, ASEAN is investing in new infrastructure, and, in North Asia, the story is all about AI and returning cash to shareholders through dividends and share buybacks.
$94,000 Bitcoin hits fresh record high (21-11-2024)
“Trump’s seeming interest to push further into crypto on a personal level has contributed to optimism that crypto will be a top priority when Trump takes office,” said Stephane Ouellette, chief executive officer of crypto trading firm FRNT Financial.
Fewer stocks suffer deep cuts in the current selloff (21-11-2024)
The study compared how many stocks fell by what extent whenever the benchmark indices fell at least 10% from their highs. In the past decade, the Nifty has fallen at least 10% from its highs on at least six occasions (including the current one). In most of these instances, more mid-cap and small-cap stocks have fallen at least 30% than in the ongoing declines.
Adani Green Energy raises $600 million via 20-year bonds (20-11-2024)
The company priced the bond at 7.45% and the proceeds of the issue will be used to refinance existing loan facilities of the company. The pricing of these bonds is much higher than the 7% targeted by Adani Green in the issue that was pulled out ultimately on October 15. Bankers said the more expensive pricing reflects the rise in the benchmark US treasury yield since that date.
Ceinsys Tech-Engineering, Geospatial & IT solutions Company (20-11-2024)
Hello All,
I’ve created a business model for Cyeinsys based on the following key details:
The management has an order book of ₹1200 crore, with an execution timeline over the next few years.
They have provided guidance for ₹1000 crore in revenue in the near term.
To remain conservative with the execution timeline, I’ve projected ₹1000 crore in revenue by FY27.
I notice that many of us are tracking or invested in this stock. Kindly review my financial model and share your thoughts. Your feedback would be greatly appreciated.
