This was no flashy consumer brand but a business-to-business (B2B) player in the electronics sector—a sector not typically associated with Indian companies. The return on equity stood at a respectable 22%. Would you have been tempted to invest? Maybe, maybe not. I admit, I didn’t. The company in question? Dixon Technologies. Since its IPO in … Read more
No one doubts that artificial intelligence (AI) will change the world. But a doctrinal dispute continues to rage over the design of AI models, namely whether the software should be “closed-source” or “open-source”—in other words, whether code is proprietary, or public and open to modification by anyone. Some argue that open-source AI is a dead … Read more
Large language models have a keen appetite for electricity. The energy used to train OpenAI’s gpt-4 model could have powered 50 American homes for a century. And as models get bigger, costs rise rapidly. By one estimate, today’s biggest models cost $100m to train; the next generation could cost $1bn, and the following one $10bn. … Read more
As geopolitical tensions escalate and stock market valuations reach lofty heights, global markets face an unsettling combination of risks. But India, buoyed by its robust growth engines, appears better positioned to weather the storm, according to Christopher Wood, global head of equity strategy at investment bank Jefferies. Speaking to a select group of journalists on … Read more
Copper extended its rebound from the lowest close in five months as orders to withdraw the metal from London Metal Exchange warehouses suggested China’s demand slump may have bottomed out. Three-month futures rose 1.8% as of 6:04 p.m. in London, fueled in part by the biggest cancellation of LME copper since April. The gain comes … Read more
After pulling an about-face to become one of the best-performing technology stocks in China this year, Meituan may be primed for further gains on easing competition and improving profitability. Analysts see shares of China’s top food-delivery platform rising another 19% over the next year, on projections for record earnings. Cost cuts are helping Meituan boost … Read more
“Even compared to gold, silver is beginning to look good. Unlike gold, silver also has some linkage to industrial demand. The US leading indicator on industrial production is also looking good. So, all this put together bodes well for silver,” she says. Barring some legacy stock holdings, about 90% of Mehra’s investments are channeled through … Read more
(Bloomberg) — Global coal-power capacity rose to a record last year, led by a surge in new plants in China and a slowdown in retirements around the world, according to a new report from Global Energy Monitor. The world’s coal fleet grew by 2% to 2,130 gigawatts, with China accounting for about two thirds of … Read more
Initial signs of slowdown are being witnessed in foreign inflows in India, with total inflows into India dedicated funds of $144 million (Large + Mid+ Small) are slowest since May 2023, according to a report by brokerage firm Elara Capital. The report further said that India has underperformed China in terms of foreign inflows by … Read more