Tuesday, November 26
Economy, immigration, incumbency: As the dust just begins to settle on a brutal US election campaign, experts have highlighted key headwinds that contributed to why Kamala Harris failed to block Donald Trump from reclaiming the White House.Economic malaiseDemocratic strategist James Carville famously explained Bill Clinton's win in 1992 with the phrase "The economy, stupid!"Thirty years later, the maxim has held, with Vice President Harris failing to win over American voters hit by a spike in inflation during her tenure with Joe Biden in the White House.The Democrats' big loss follows similar setbacks for incumbent parties around the globe during a wave of inflation in the post-pandemic era.Though US economic data had steadily improved in recent months, surveys continued to show broad nega
After the mega IPO of Hyundai India disappointed investors on debut, listing gains could be elusive for another high profile offering from Swiggy despite a lot of buzz in the market.Almost all the analysts believe that investors can subscribe to the IPO only for the long-term given that the company is currently loss making and is facing competitive pressure from rival Zomato, which has already proved its worth on the Street.Analysts said Swiggy's IPO is for those investors who are optimistic about the company's potential for long-term transformation, but at the same time recognize the current limitations in growth and profitability."For Swiggy, profitability may remain elusive for the next few years, particularly on a consolidated basis. The company's quick commerce business has yet to sho
Shares of Adani Energy Solutions on Thursday fell up to 9% to Rs 978 on BSE after global index services provider MSCI failed to include the stock in MSCI Global Standard Index citing an earlier show cause notice from Sebi in the wake of allegations made by Hindenburg.The Street was expecting Adani Energy to get included in the global index as part of its periodic rejig where 5 Indian stocks were included - Voltas, BSE, Kalyan Jewellers, Oberoi Realty and Alkem Labs."As per publicly available disclosures, Adani Energy Solutions has been issued a show cause notice by the Securities Exchange Board of India (SEBI) for potential wrongful categorization of shareholding of certain entities," MSCI said.Consequently, in light of the uncertainty regarding its free float, MSCI said it will not implem
