Hi-Tech Pipes, a steel pipes manufacturer, successfully raised over Rs 500 crore through a Qualified Institutional Placement (QIP) that closed on October 11. The QIP was oversubscribed, receiving bids of over Rs 800 crore from both domestic and global institutional investors, including Motilal Oswal Fund and SBI General Insurance.
How the US elections will shape the future of crypto (12-10-2024)
US Senator Cynthia Lummis proposes creating a national Bitcoin reserve to secure the country’s financial future, comparing it to the Louisiana Purchase. The crypto industry has donated a record $119 million to political campaigns this cycle, backing candidates across party lines. This approach reflects the broader importance of crypto as an economic force and a potential driver of technological growth.
This Time It’s Different ?! (12-10-2024)
Nifty to S&P500 ratio.
This used to stay below or around the 4 range between 2014-2022. Given it’s sustaining > 4 presently, either I am bearish on Indian equities (short term ofc), or bullish on U.S.
Base currency for the world is USD. Foreign investors have lost 10% in Indian investments due to depreciation. Whether they hedge through currency futures is a different story.
These 6 smallcap stocks witnessed a rise in prices with volumes in last 3 days (12-10-2024)
ETMarkets’ analysis of BSE smallcap stocks reveals that over the last three sessions (October 9-11), six stocks have consistently risen in price, trading volume, and delivery volume, signaling increased investor interest.
E2E Networks Ltd – Listed small Cloud computing player (12-10-2024)
Competitive intensity in the GPU cloud market in India as of today (Note – it consist of Indian companies only and not the hyperscalers of the west).
While going through the recent newspaper articles and company fillings i have found out that following companies are providing or will start providing GPU cloud services :
- Shakti Yotta Cloud – Biggest in the terms of capacity (Owns Data Centers as well)
- E2e Network Limited
- Krutrim (by Ola group) – New Entrant
- Anant Raj Cloud – New Entrant
Further while reading about the Indian AI mission on one of The Economic Times article found the following para interesting –
“Top chip companies, cloud makers and cybersecurity firms have shown interest in the government’s Rs 10,000 crore GPUs procurement tender, which is central to India’s AI Mission. Nvidia, Intel, Advanced Micro Devices, Qualcomm, Microsoft Azure, Amazon Web Services, Google Cloud and Palo Alto Networks were among the scores of companies that attended a pre-bid meeting on August 29. Also present at the meeting were representatives from the likes of Yotta Data Services, L&T, E2E Networks, Tata Communications, CtrlS, ST Telemedia Global Data Centres, NTT Data, Dell and Vigyanlabs.”
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‘Noel Should Be Inducted Into Tata Sons’ (12-10-2024)
‘The quality of a leader should be such that even if the leader is not there, the institution carries on.’
China’s stimulus and Fed rate cut lift base metals, but short-term outlook remains lackluster (12-10-2024)
Base metals gained momentum due to China’s stimulus and US rate cut, but geopolitical tensions and US dollar recovery limited gains. Copper and aluminum were volatile due to supply worries and weak Chinese demand.
‘Looking to export from India in next 5 years’ (12-10-2024)
‘All competitors are sourcing within the country, so we’ll be at the same level of competition.’