Rupee slides 23 paise to one-week low of 65. Bandhan Bank’s Rs 45-bn Should i invest in bonds 2017 subscribed 14.
Enter the characters shown in the image. The company aims to garner over Rs 11,000 crore. The price band has been fixed at Rs 855 – Rs 912 per share. The IPO would be India’s third biggest ever, after Coal India’s Rs 15,200 crore and Reliance Power’s Rs 11,700 crore issues. Rs 9,804 crore at the higher price band and a fresh issue of 1.
72 crore shares worth Rs 1,569 crore. First Published: Wed, October 11 2017. NEW: Get seamless access to WSJ. Welcome to the premium services of Business Standard brought to you courtesy FIS. Please forward this error screen to 103.
980m a week but is boss ‘Drastic’ Dave Lewis off to Unilever? DAILY BRIEFING: Gatwick Airport saw passenger numbers increase by 2. Trump, Europe elections, Japan recovery and China growthwhere should you invest in 2017? Read this: Trump, Europe elections, Japan recovery and China growthwhere should you invest in 2017?
The election of Donald Trump as next US president and his stimulus plan for the world’s biggest economy dominate all discussion of investment prospects for this year. Whether his package of infrastructure projects and tax cuts gets off the ground or proves effective will have an impact well beyond America’s shores, since the US remains the biggest engine of world growth. Meanwhile, Trump’s threats of a trade war with China, talk of overturning US foreign policy on Russia, the Middle East and Taiwan, and criticism of the NATO defence alliance, could destabilise the world economy as well as upset international relations. Trump has excited the most comment among investment pundits this year, but we also round up their views on Europe, Japan and emerging markets and run down some fund tips below.
How do government bond markets work? The election of Trump on a platform that includes aggressive tax cuts, massive infrastructure investment, actions to repatriate jobs and profits to the US and an easing of banking regulations has prompted a rapid reassessment in the outlook for both US growth and inflation,’ says Jason Hollands, managing director of Tilney Bestinvest. Markets have habit of lurching between fear and exuberance and right now hope is firmly back in the ascendancy. But he went on: ‘The extent to which the Trump agenda comes into fruition is however unclear at this stage.
Although the Republican Party controls both the US Senate and Congress, many House Republicans will be reluctant to countenance allowing the US deficit to escalate significantly. Even on the assumption that in the medium term, Trump’s policies are successful in accelerating economic growth and in turn corporate profitability, the latter is arguably needed to justify current valuations which are already stretched by historic standards. Gavin Haynes, managing director of Whitechurch Securities, says: ‘The radical change in the political backdrop in the US is naturally at the forefront of investors’ minds going into 2017 and the consensus that has emerged is that the advent of Trumponomics will stimulate growth in the economy and be positive for stock market investors. But he cautions: ‘The chasm between pre-election promises and what is delivered tends to be wide and the political process of implementing a change in direction of economic policy is likely to be more protracted than Trump or investment markets expect.