Investment Archives - Page 6 of 33

Altria stock craters after $4.1 billion hit from Juul investment, blames growing legal risk

January 31, 2020January 31, 2020 Loknath Das$4.1, After, Altria, Billion, Blames, craters, From, Growing, Hit, investment, Juul, Legal, Stock

Altria stock cratered as much as 7% Thursday after the tobacco company posted a fourth-quarter loss and took a $4.1 billion hit on its investment in e-cigarette company Juul, which faces mounting litigation and scrutiny over a surge in teen vaping. The Richmond, Virginia-based Marlboro maker said the impairment charge was due to the increased number of legal cases against Juul and the expectation that litigation will grow. Since the end of October, there has been an 80% increase in the number of legal cases pending against Juul, Altria said. Its…

Biocon to scale up investments in small molecules business

January 28, 2020January 28, 2020 Loknath Das

Biocon Ltd plans to scale up investment in its small and complex drug molecules vertical over the coming years using proceeds from a proposed initial public offering of its biologics operations, said a senior company official. This will mark a shift in Biocon’s strategy as the company had tapped capital from its small molecules operations over the past decade to fund growth of its then-fledgling biologics business, Siddharth Mittal, chief executive and joint managing director of Biocon said in an interview. He said the firm plans to invest a part…

Madhya Pradesh claims major investment after CM’s Davos visit, BJP dubs it lip service

January 25, 2020January 25, 2020 Loknath DasAfter, BJP, Claims, CM’s, Davos, dubs, investment, It, Lip, Madhya, major, Pradesh, visit

Madhya Pradesh Chief Minister Kamal Nath during the Davos World Economic Forum State Session on Wednesday.(ANI) The Congress government in Madhya Pradesh has claimed it is expecting an investment of more than Rs 4000 crore after chief minister Kamal Nath’s meeting with some of the corporate leaders from around the world during his ongoing visit to Davos. A government spokesperson said Kamal Nath met various leading industrialists, including the chairperson of MKS Company Marwan Shakarchi and president and chief executive officer of Novo Nordisk, Lars Fruergaard Jorgensen, and several others…

China’s tech services are a top investment pick amid decoupling with the US, says CITIC Capital CEO

January 22, 2020January 22, 2020 Loknath Dasa, Amid, Are, Capital, China's, CITIC, decoupling, investment, pick, Says, Services, Tech, The, Top, US, With

Consumption, healthcare and technology are three sector picks for investing in China, said CITIC Capital’s top executive on Tuesday. “For us, the top priority … is still on consumption, because it’s still growing at a higher rate than GDP growth,” said Zhang Yichen, chairman and CEO at CITIC Capital, the flagship investment arm of Chinese state-owned conglomerate CITIC Group. China’s GDP growth was 6.1%, down from 6.6% in 2018 as the economy took a hit from its bitter trade war with the U.S. Speaking to CNBC at the World Economic Forum in Davos, Switzerland, Zhang said health care is…

Investment in equity mutual funds drops 41% to Rs 75,000 crore in 2019

January 20, 2020January 20, 2020 Loknath Das000, 41, 75, Crore, Drops, equity, Funds, In, investment, Mutual, Rs., to

Investors pumped in nearly Rs 75,000 crore in equity-oriented mutual fund schemes in 2019, a sharp plunge of 41% from the preceding year, mainly hit by extreme market volatility amid slowing economic growth. Experts, however, are of the view that equity schemes will attract investor interest this year as the market is expected to perform well. “While volatility in the market may continue for some more time going forward, we believe investors will want to benefit from this volatility and use it to create and growth their wealth. As we…

Opinion: Investment Strategy 2.0

January 19, 2020January 19, 2020 Loknath Dasinvestment, Opinion:, strategy

Jan 19 (IANS): Recently, market commentator Saurabh Mukherjea pointed out the formalisation in various sectors of the Indian economy leading to the emergence of one or two giants in each industry, thereby creating a market structure where a larger share of the profits sits with fewer firms. The price action India witnessed last year with the BSE Sensex soaring even as BSE Small-Cap index failed to keep up would provide further credence to the theory. The above-mentioned ability of large firms to capture larger profit shares and investment dollars would imply…