After an additional 10% US tariff on Chinese exports took effect, Beijing announced it was imposing tariffs on imports of U.S. oil, coal, gas, cars and farm equipment to take effect on 10 Feb.
In January 2023, Hindenburg published report accusing Adani Group of financial irregularities, leading to sharp drop in company's stock price. Adani Group had rubbished these claims.
Years of high disinvestment led to public sector company stocks falling even when overall markets were rising. Govt’s easing back on disinvestment has helped turn this around.
In 24 January report, Hindenburg Research said stocks of Adani Group’s 7 listed companies 'are 85% overvalued'. At least 3 of these have since seen their stock price fall by almost that amount.
The reassuring part of recent stock market history is that it's rare for it to stay down for 2 yrs in a row. Though one must remember that past is no guide to future performance.
The ISA should champion a Global Solar Asset Registry for standardised project information, and establish a Solar Credit Guarantee mechanism to mitigate political and currency risks.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
BJP has no dynastic succession, at least not at the top. You can trace this back to Vajpayee-Advani era. This act of spotting, empowering younger talent is even more striking with the choice of BJP presidents.
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