All Sectors | inves4: Indian Equity Investing

Warren Buffett slammed SPACs and Robinhood for encouraging gambling on stocks at Berkshire Hathaway’s annual meeting

Warren Buffett criticized SPACs and Robinhood at Berkshire Hathaway’s annual meeting. The investor said they encourage gambling and treating the stock market like a casino. Charlie Munger, Buffett’s right-hand man, damned both trends as well. See more stories on Insider’s business page. Warren Buffett blasted special-purpose acquisition companies (SPACs) and the Robinhood trading app for … Read more

Vaccitech, startup behind Oxford Covid vaccine tech, falls 20% in Nasdaq debut

American depositary shares of Vaccitech fell nearly 20% in their Nasdaq debut on Friday, giving the co-inventor of the Covid-19 vaccine developed by AstraZeneca Plc and Oxford University a market value of about $464 million. The biotech firm’s shares opened at $13.62, below the initial public offering (IPO) price of $17 apiece for 6.5 million … Read more

Borosil unveils COVID-19 relief for staff

Borosil Ltd. and Borosil Renewables Ltd. said the event of an employee losing life due to Covid-19, his/her family will continue to receive the salary for the next two years (in addition to all the other benefits they are entitled to). “The company will also take care of the education of the children till their … Read more

Zomato files papers for ₹8,250 crore IPO

Zomato said revenue from operations rose from ₹466 crore in FY18 to ₹2,604 crore in FY20. Food delivery app Zomato Ltd., backed by China’s Ant Group, on Wednesday filed a draft red herring prospectus (DRHP) with the Securities & Exchange Board of India (SEBI) to raise ₹8,250 crore. The IPO would comprise fresh issue of … Read more

The Fed is watching housing ‘carefully’ and hopes builders catch up to the red-hot market, Chair Powell says

The Fed is “carefully” watching the housing market as huge demand sends prices soaring, Chair Jerome Powell said. The central bank doesn’t see “the kind of financial stability concerns” that fueled the 2008 crash, he added. Powell said he hopes homebuilders react “and come up with more supply,” which would also boost job growth. See … Read more

Reliance, Saudi Aramco discuss cash and share stake deal

Billionaire Mukesh Ambani’s Reliance Industries is reported to have held talks with Saudi Aramco on a cash and share deal for sale of a 20 per cent stake in its oil refining and petrochemical arm. Ambani had in August 2019 announced talks for the sale of a 20 per cent stake in the oil-to-chemicals (O2C) … Read more

Google is facing a $4 billion Supreme Court case over claims it secretly tracked iPhone users’ internet activity

Google faces a £3 billion ($4.16 billion) lawsuit over claims it illegally tracked iPhone users. The search giant will appear at the UK Supreme Court having previously paid $22 million to the FTC. A Google spokesperson said the allegations were a decade old and ‘addressed at the time’. See more stories on Insider’s business page. … Read more

Any decline in the stock market because of higher capital gains taxes will likely be short-lived, according to Goldman Sachs

President Biden’s proposed capital gains tax hike could weaken the stock market in the short-term, according to Goldman Sachs. However, in the long-term, stocks have trended higher six months after previous capital gains tax hikes, Goldman said. “We estimate $1+ trillion in unrealized capital gains for the wealthiest US households, but also large cash balances … Read more

Why is the government tweaking the National Pension System?

The story so far: Started as the New Pension Scheme for government employees in 2004 under a new regulator called the Pension Fund Regulatory and Development Authority (PFRDA), the National Pension System (NPS) has been open for individuals from all walks of life to participate and build a retirement nest-egg. Given the dominance of informal … Read more