Can Business and Climate Leaders Speak the Same Language-
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This week I published a cover story profiling Sultan Al Jaber, the controversial president of the coming U.N. climate conference in Dubai. Al Jaber has received unrelenting criticism for running the conference, known as COP28, while also serving as the CEO of the United Arab Emirates’ state-owned oil company.
But Al Jaber doesn’t like to position himself as an oil CEO and instead prefers to talk about his experience co-founding Masdar, a renewable energy company, and, more generally, his experience in other business functions. “I bring finance experience, economics experience, project management, business development,” he told me.
This is certainly, in part,…
Valiant Lab IPO subscribed 71% on day two of subscription
The initial public offer (IPO) of pharmaceutical ingredient manufacturing firm Valiant Laboratories was subscribed 71 per cent on day two of subscription on Thursday.
The initial share sale received bids for 54,25,770 shares against 76,23,030 units on offer, as per NSE data.
The category for retail individual investors (RIIs) was subscribed 1.27 times, while the quota for non-institutional investors received 29 per cent subscription. The portion for qualified institutional buyers (QIBs) was subscribed 5 per cent.
Interarch Building Products makes stellar debut, lists at Rs 1,299 on NSE Ambuja Cements shares surge 4% after promoter sells 3% stake via block deal Ola Electric shares jump over 16% after flat listing Ola Electric IPO fully subscribed on Day 2
Will Nifty slip below 19000 amidst weak global cues- See GIFT Nifty, FII data, F&O ban, crude, more before market opens
GIFT Nifty traded down 34 points or 0.18% at 19,045.5, indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously on Wednesday, the NSE Nifty 50 tanked 159.60 points or 0.83% to settle at 19,122.15, while the BSE Sensex shed as much as 522.82 points or 0.81% to 64,049.06.
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“Domestic equities saw profit booking and slipped to 3-months low. Nifty opened marginal green, but soon gave up its early gains and witnessed second consecutive day of selling to close with loss of 160 points (0.8%) at 19,122 levels. Profit booking continued in mid-cap and small-cap stocks. Except Metals and PSU Bank, all sectors ended in red. Metal …
Infosys, Tech Mahindra and Coforge top IT picks for Nomura; Wipro gets second ratings upgrade after CLSA
In a recent report, Nomura has turned bullish on the Indian IT sector. It expects revenue growth to stabilise and believes that EPS downgrade cycle is set to end. The firm has identified Infosys and Coforge as its top picks.
Wipro, Infosys and HCL Tech see ratings upgrade
It has upgraded its ratings to Buy for Wipro (from Reduce), Infosys (from Neutral), and HCL Technologies (from Neutral). TCS has been upgraded to Neutral (from Reduce). Among large caps, Infosys, Wipro, and Tech Mahindra are the top picks and Coforge and Birlasoft are favoured among midcaps.
Nomura has adjusted its earnings estimates for FY25-26F, ranging from -3% to +5% across its coverage universe. The expected revenue growth in FY25F will be driven by large co…