Strategic Tie up.pdf (788.1 KB)
Strategic tie up with Chinese Production house
Adani Enterprises raises $500 million through QIP issue (18-10-2024)
Adani Enterprises has allocated 1.42 crore shares to investors at ₹2,962 per share. Quant Mutual Fund, Winro Commercial (India), Tree Line Asia Master Fund and SBI Life Insurance Co are among those who have subscribed to the QIP.
Axis Bank beats Street with 18% Q2 net rise, cites ‘tough variables’ (18-10-2024)
Net interest income – the difference between interest earned on loans and that paid on deposits – a key source of income for banks, grew 9% year-on-year to ₹13,483 crore. Net interest margins for the September quarter basis eased to 3.99% against 4.11% a year ago.
Bajaj Auto wheels in caution, drags festive mood, its stock & peers (18-10-2024)
The Nifty Auto index fell 3.5% while the benchmark Nifty ended 0.89% lower. All 15 stocks constituting the index closed lower on Thursday. Analysts said higher sales volumes typically mark the festival season for automobile manufacturers, but Bajaj Auto’s lower-than-expected growth estimates surprised investors.
Institutional demand helps Hyundai cross the IPO line (17-10-2024)
Investors placed bids for 236 million shares worth ₹46,320 crore in the issue, against the 99.8 million shares worth ₹19,555 crore (excluding anchor allotment) offered by Hyundai Motor India’s South Korean promoters. Earlier this week, the company raised ₹8,315 crore (roughly 30% of the IPO size) as part of the anchor allotment from 225 institutional investors.
Netflix Adds 5 Million Subscriptions in Quarter (17-10-2024)
The additions helped lift revenue to $9.8 billion during the period, a 15 percent increase from the same period last year.
Marvin Preston IV, 80, Dies; Saved the Martha Graham Dance Company (17-10-2024)
An expert at rescuing distressed companies, he took over the struggling organization in 2000, leading it through a painful restructuring and a lengthy legal battle.
Manappuram Finance (17-10-2024)
For IIFL, a special audit was required before the restrictions could be lifted, involving a detailed review of processes. In contrast, for Ashirvad Microfinance, the RBI has requested the submission of proof of compliance, not a full audit. Ashirvad needs to review its processes, make necessary adjustments, and provide documentation like policy changes and revised procedures. I feel This approach is less complex, so the ban is likely to be lifted more quickly than in IIFL’s case.
I expect less than 1 month
Is China investible? (17-10-2024)
Hello all. I do get confused how to invest in China market. Is hang sang same as China companies index? And is this govt limit for investing overseas is the reason there’s no MF available to invest in china?
Either case what’s the most cost effective way except buying direct stocks.
Using Artificial Intelligence/Machine Learning to improve Decision Making Skills and enhance Predictive Analysis (17-10-2024)
Interesting thread, complete novice here about investing but have been building AI for fintechs for last 14 years now, so happy to answer any questions about the subject.
Autoregressive models fail horribly to predict stocks due to the inherent nature of the domain, but information retrieval and profiling is still a big area where AI/ML is actively used in credit scoring or stock analysis. With GenAI it’s actually easier now to condense information faster specially data related to sentiments and key developments.
Looking forward to brainstorming ideas of where AI could augment investing.
Cheers.
A