Private equity, venture capital firms invest $598 million in Tamil Nadu
They struck 33 deals with T.N.-based companies in 2020 Despite the COVID-19 pandemic and several uncertainties, private equity and venture capital companies invested $598 million in Tamil Nadu-based companies through 33 deals during 2020. In 2019, the State attracted $1,641 million in private equity and venture capital investments through 54 deals, according to data sourced […]
Foxconn in Talks With Chinese EV Startup Byton for Funding
(Bloomberg) — Apple Inc. supplier Foxconn Technology Group is in talks to invest in embattled Chinese electric-vehicle startup Byton Ltd. in a deal that could mark a large bet by the iPhone assembler on the car-making business, according to people familiar with the matter. Foxconn, whose main listed arm is Hon Hai Precision Industry Co., […]
Hedge funds bet on recovery in 2021
TORONTO (Reuters) – Some global hedge fund investors are going into 2021 optimistic about a speedy snap-back from the economic challenges related to the coronavirus pandemic. Hedge funds, which use leverage and employ more aggressive, often riskier strategies than other investors, believe many previously undesirable sectors, ranging from energy to retail, will rebound in 2021. […]
Chinese electric car company Nio doubles deliveries in 2020 as local competition ramps up for Tesla
Key Points Chinese electric car start-ups Nio, Li Auto and Xpeng each announced in the last few days that vehicle deliveries surged last year. The U.S.-listed shares of the three automakers have soared over the last several months. As much ground as the start-ups have gained, the numbers still fall far short of Elon Musk’s […]
Inflation Might Be The Most Important Market Factor In 2021
The run into the new year is usually congested with rafts of forecasts from economists and strategists as to where markets might go and, what the economic outlook could look like. To a large degree any prognostications on shocks and surprises through 2021 have been made redundant by the drama and tragedy of 2020. Whatever […]
African free trade bloc opens for business, but challenges remain
JOHANNESBURG (Reuters) – African countries began officially trading under a new continent-wide free trade area on Friday, after months of delays caused by the global coronavirus pandemic. But experts view the New Year’s Day launch as largely symbolic with full implementation of the deal expected to take years. The African Continental Free Trade Area (AfCFTA) […]
Dizzying Valuations, IPO Craze Tick Boxes on Bubble Checklist
The IPO market is manic. Stocks haven’t been this expensive since the dot-com era. The Nasdaq 100 has doubled in two years, leaving its valuation bloated — all while volatility remains stubbornly high. It’s a setup that’s left investors sitting on fat returns from 2020, a year that defied easy explanation. It’s also one that […]
World’s Top Cigar Producer Enjoys Boom Amid Covid Lockdowns
(Bloomberg) — Locked-down smokers around the world are proving to be a boon for the Dominican Republic’s cigar and tobacco industry. Already the world’s largest cigar producer, the Caribbean nation is on track to export a record $1 billion worth of tobacco products this year. That would represent a 6% jump over the $942 million […]
Despite higher costs for residential deliveries, analysts see reasons to bet on FedEx
Parcel carriers FedEx and UPS have had to quickly ramp up their networks for what has become a historic year for residential shipping. Both have prevailed, but investors have some concerns. Even before peak holiday season, more people had turned to spending online during the coronavirus pandemic after retailers shuttered their storefronts. In turn, shares […]
The unicorn billions created by Silicon Valley during the pandemic year of 2020
Public and private markets raced through the pandemic, and many of the breakout IPOs and newly enriched start-ups also raced above it — in the cloud. The software boom of 2020 found an unlikely and gruesome tailwind in Covid-19, and it has been the talk of Wall Street and Silicon Valley. DocuSign, Zoom Video Communications, […]
