Economics-news24

  In a change of tone over the world’s two biggest emerging markets, global investors overseeing billions of dollars are slowly starting to favor China versus India -- reversing a year-long trend that’s pushed stocks in opposite directions. BlackRock Inc. has upgraded Chinese stocks as policy hurdles ease, saying “the time to position in China is now,” while trimming its exposure to Indian equities. Goldman Sachs Group Inc. and Nomura Holdings Inc. both downgraded Indian stocks in recent days, with the former upgrading offshore Chinese equities at the same time BLACKROCK'S VIEW For the world's largest asset manager, the positive sentiment is based on the view that monetary policy is China will likely be accommodative next year and economics growth could be better than expected, lucy liu, blackrock's profitfolio manager manager for global emerging market equities, said in a briefing week. Sell-side analysts also seem to agree. The MSCI China Index is seen advancing 39% over ...

  Elon Musk-owned SpaceX has been barred from accepting pre-orders for its upcoming satellite broadband services in India. The communications ministry said that the tech billionaire's broadband from-space venture is not a licensee in India and issued a public advisory asking Indian citizens not to subscribe to its Starlink satellite internet service. The government directive comes at a time when the likes of Bharti-backed OneWeb, Musk's SpaceX, Jeff Bezos-founded Amazon and the Tata-Telesat combine are readying to enter India's nascent broadband-from-space segment, leveraging on their respective global low-earth orbit (LEO) satellite constellations    Musk's SpaceX has been accepting pre-orders for the beta version of the service for a fully refundable deposit of $99 (around ₹7,400).   The ministry also categorically told Indian citizens that Starlink was not an authorised licensee and advised them "not to subscribe" to Starlink's services. "It's ...

Going into the Rome  G20  Leaders Summit, India is the last man standing on a  net zero  commitment. Will India have joined the other 19 by the end of the summit on Sunday or do so at the World Leaders Summit that will flag off the Glasgow climate meet  COP26  or will it remain resolute in its opposition to net zero emissions target? India should announce a net zero target — 2060, as it should have done a while ago. However, having pushed back against a net zero target, India is caught between the proverbial rock and the hard place. To let go of its opposition and announce a target at this late hour, would seem like buckling under pressure. Yet to not set a target, would be to deny the direction of travel of the global economy. The “net zero” target is much more than about greenhouse gas emissions. It is a political signal about the intent to move to an economy that is in sync with planetary boundaries. In the past two years since Ursula von der Layen, firs...

Rebranding a company amid a crisis or as a way to signal a shift in focus has been a popular corporate strategy for decades. But does it really help companies shed their image issues, or do customers see a name change as window dressing? According to one expert, rebranding is often used to update a company’s name to reflect cultural changes in consumer behavior or values, as when Kentucky Fried Chicken became  KFC , dropping the “fried” as consumers increasingly looked for healthier choices. In other instances, brands rename themselves after mergers or acquisitions, to signal a new direction, or to distance themselves from negative publicity. “The success of a name change depends upon companies educating existing customers about the rationale for the name change in a way that is compelling,” said Jill Avery, a senior lecturer at Harvard Business School who focuses at brand management. “If the name change appears illegitimate, inauthentic or done for the wrong reasons, firms risk in...

                                                                                                                                 Economics-news24   The Indian stock market continued to fall for the second straight day on Friday. The market was down 1,000 points on Thursday and 500 points in the initial trade on Friday. At 9.24 am, the BSE  Sensex  was trading 722 points lower at 59,262.23. Later it recovered to 60,087.20 at 11 am. Mutual fund categories like Banking, PSU thematic funds and value funds took a big hit in the 1000-point-fall and 1-day  returns  of many equity categories fell to negative. The banking sector took the most hit with ...