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The project having carpet area for sale of 6 lakh sq. ft. is expected to generate approximately Rs 3,000 crore over next 4 to 5 years

Man Infraconstruction’s subsidiary — MICL Properties LLP is jointly developing an ultra-luxurious residential high rise tower at Tardeo, next to Bhatia Hospital, Mumbai under asset-light Development Management (DM) model. While MICL group has a very strong real estate portfolio in the western and central suburbs of Mumbai, this project addition will establish the group’s presence in South Mumbai.

The project having carpet area for sale of 6 lakh sq. ft. is expected to generate approximately Rs 3,000 crore over next 4 to 5 years. This landmark Project will be one of the tallest residential structures in India having proposed height of around 250 plus mtrs. Apart from managing the design, sales and marketing of the Project, the company will also execute the construction work leading to timely delivery of the project.

Man Infraconstruction (MICL) is an India-based company engaged in the business of civil construction. The Company’s operations consist of construction / project activities/real estate activities.

Source: https://www.sharesbazaar.com/news/view/877932

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Evergrande shares fall after chairman cuts stake; Fantasia suspends trading

HONG KONG (Reuters) – Shares in China Evergrande Group fell as much as 4.8% on Monday morning, after its chairman trimmed his stake in the cash-strapped property developer to raise about $344 million.

The group’s electric vehicle unit, China Evergrande New Energy Vehicle Group Ltd, also dropped more than 5% after it said the company was still exploring ways to pump capital into the unit with different investors.

Evergrande has been scrambling to raise capital as it grapples with more than $300 billion in liabilities and Chinese authorities have told its chairman, Hui Ka Yan, to use some of his personal wealth to help pay bondholders, sources have said.

Evergrande failed to pay coupons totalling $82.5 million due on Nov. 6 and investors are on tenterhooks to see if it can meet its obligations before a 30-day grace period ends on Dec 6.

The developer disclosed late on Friday that Hui had sold 1.2 billion shares in the company at an average price of HK$2.23 each, lowering his stake in the Shenzhen-based real estate developer to 67.9% from 77%.

Once China’s top-selling developer, Evergrand’e troubles have hit the broader Chinese property sector with a string of debt defaults and credit rating downgrades of its peers in the last couple of months.

Fantasia Holdings suspended trading in company shares on Monday pending release of information. On Thursday, the developer said a winding-up petition was filed against a unit related to an outstanding loan.

(Reporting by Sumeet Chatterjee; Editing by Stephen Coates)

Evergrande failed to pay coupons totalling $82.5 million due on Nov. 6 and investors are on tenterhooks to see if it can meet its obligations before a 30-day grace period ends on Dec 6.

Source: https://finance.yahoo.com/news/evergrande-shares-fall-chairman-cuts-025042658.html

Great News for Business owners looking for Citizenship by Investment

DUBAI, UAE, Nov. 28, 2021 /PRNewswire/ — Are you among thebusiness owners who need to travel to China anytime?

CTrustGlobal - Dominica Citizenship Government Agent. (PRNewsfoto/Caribbean Trust)

Are you seeking citizenship by investment option to make yourtravel easier?

Then we have good news for you.

In the latest interview with CTrustGlobal CEO, we found out thatthe fastest, easiest, and affordable citizenship by investmentprogram, the Commonwealth of Dominica, now allows you to travel visa-freeto China.

Dominica is one of the oldestcitizenship by investment program launched in 1993 has a stern duediligence process to shortlist applicants for granting Dominica passports.

“This is indeed a historical decision by the government of bothgreat nations, will greatly increase the freedom of movement forthe Dominica passport holders andboost their business with China,the international business hub,” says CTrustGlobal CEO

CTrustGlobal is the first and one of the leading Caribbean citizenship by investment firms inthe middle east; they have affiliates in many countries around theglobe.

By providing a second passport to the clients, helps them:

  • travel around the world with no visas, borders, or limits
  • run transparent and protected business in severalcountries
  • have a reduced tax liability (Dominica offers 0% global income tax rate fortheir citizens).

“One will experience real freedom after obtaining secondcitizenship” CTrustGlobal CEO continues “One can travel visa-freearound the world anytime, anywhere, better education opportunitiesfor kids and a lot more.”

“In current covid times, we have experienced a 65 percentincrease for inquiry from developing countries like India, Pakistan and middle eastern nationsLebanon, Syria, Iraq,and Jordan. We are expecting ahuge spike in the demand after China’s addition to Dominica visa-free list” says CTrustGlobalCEO.

An individual can obtain the Dominica passport starting from 100,000 USD through donation option and forfamily four can go up to 175,000 USDexcluding other fees.

Here are the answers to the most common questions aboutDominica citizenship byinvestment

Can children from previous marriages obtaincitizenship?

Children from previous marriages can obtain citizenship. It’sobligatory to obtain the notarial consent of the second parent.

Do I need to visit the country to obtain citizenship?

No need to visit Dominica toobtain citizenship.

Is it necessary to renounce my citizenship?

No need to renounce your citizenship, as Dominica allows dual citizenship.

How to get a US visa using a Dominica passport?

Dominica citizens can apply fora United States long-term visahaving a validity of 10 years, with the right to stay in thecountry for up to 6 months a year. Visa applications may besubmitted to one of the U.S. consulates.

In what cases my application could be rejected?

  • By providing false information.
  • Existence of outstanding conviction or criminal proceedings forserious criminal offenses in any country of the world.
  • If the applicant poses a potential threat to public order,national security, or threat to public order, national security, orthe reputation of Dominica or anyother country.
  • If your application for a visa to a country with whichDominica has a visa-free regimehas been denied.

For more information and to find out if you are eligible forDominica citizenship contact theCTrustGlobal office.

Photo -https://mma.prnewswire.com/media/1697398/Caribbean_Trust.jpg

CisionView original content to downloadmultimedia:https://www.prnewswire.com/news-releases/great-news-for-business-owners-looking-for-citizenship-by-investment-301432586.html

SOURCE Caribbean Trust

Source: https://www.advfn.com/stock-market/stock-news/86668735/great-news-for-business-owners-looking-for-citizen

3 Things to Watch in the Stock Market This Week

Wall Street is hoping for a better week ahead for stocks after big declines during the Thanksgiving week.

Stocks fell hard last week as both the Dow Jones Industrial Average (DJINDICES:^DJI) and the S&P 500 (SNPINDEX:^GSPC) shed more than 2%. Indexes are still having an above-average year, though, with gains of 14% for the Dow and 22% for the S&P so far in 2021.

Earnings season powers on over the next few days. Let’s preview three highly anticipated announcements on the way, from Five Below (NASDAQ:FIVE), Ulta Beauty (NASDAQ:ULTA), and Okta (NASDAQ:OKTA).

A man makes a video call from home.

Image source: Getty Images.

1. Okta’s contracts

The investment picture has become cloudier at Okta, but investors are hoping for some clarity this week. The digital identity management software giant will announce fiscal third-quarter results after the market closes on Wednesday, Dec. 1.

Back in early September, Okta announced strong growth in both its core business and its recently acquired Auth0 segment. Shareholders are hoping to see lots of new customer additions in each of these segments on Wednesday. Ideally, Okta will once again raise the short-term outlook management issued, this time calling for a 50% sales increase for the full 2021 year.

Beyond that outlook update, look out for any integration challenges around the Auth0 merger. Executives said in September that this move was off to a good start, but margins are still likely to be pressured by some of the new revenue lines. The hope is that net losses this year will pave the way for expanding profits beginning as early as fiscal 2022.

2. Five Below’s margin

Five Below has some big questions to answer for investors in its Wednesday earnings announcement. The retail chain posted a head-turning growth figure three months ago when second-quarter fiscal 2021 sales jumped 52% compared to the same period in 2020 and 21% compared to 2019, before the pandemic struck. But will that positive momentum hold through the second half of the fiscal year ?

Most investors who follow the stock believe it will. Sales should expand about 15%, according to Wall Street pros, to $562 million in Q3. That boost will depend on the chain continuing to stock the right kind of on-trend merchandise that resonates with its younger shoppers. We’ll also learn whether these customers continued to spend freely, even on products priced as high as $10.

Good news on Wednesday would set Five Below up for a strong holiday season. But management sees a much longer runway for growth ahead as the chain works to double its store base to about 2,500 locations over time.

3. Ulta Beauty’s holiday outlook

Ulta Beauty steps up to the earnings plate on Thursday afternoon, and there are some good reasons for investors to follow the Q3 report. The retailer‘s stock has been rebounding thanks to news that the makeup and beauty products industry is booming. The sales acceleration caught management by surprise last quarter, in fact, as sales soared to $2 billion.

Investors are hoping that Ulta can continue to balance its goal of keeping lighter inventory levels while satisfying booming demand for skin care and hair care products. The chain’s long-term outlook envisions double-digit annual earnings growth, in part thanks to rising profitability.

That optimistic forecast depends on Ulta’s continued success connecting with customers through the online sales channel and through smaller footprint locations within Target stores. We’ll get a key update on those growth initiatives on Thursday — right in the middle of the key holiday shopping season.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

Demitri Kalogeropoulos owns shares of Okta. The Motley Fool owns shares of and recommends Okta and Ulta Beauty. The Motley Fool recommends Five Below and recommends the following options: long January 2022 $115 calls on Five Below and short January 2022 $120 calls on Five Below. The Motley Fool has a disclosure policy.

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Back in early September, Okta announced strong growth in both its core business and its recently acquired Auth0 segment. Shareholders are hoping to see lots of new customer additions in each of these segments on Wednesday. Ideally, Okta will once again raise the short-term outlook management issued, this time calling for a 50% sales increase for the full 2021 year.

Source: https://www.fool.com/investing/2021/11/28/time-sensitive-3-things-to-watch-in-the-stock-mark/

2 penny stocks to buy if stock markets crash again – Peak Hours News – Investing tips, Stock, Economy News

Investor confidence took an almighty battering last week as news of coronavirus ‘super variant’ B.1.1.529 emerged. Shareholders all over the world engaged in heavy selling as they considered the possibility of a fresh stock market crash. The FTSE 100 and FTSE 250 both sank on Friday and I wouldn’t be shocked to see extra weakness in the days and weeks ahead.

So what’s my plan as a UK share investor myself, you may well ask? It’s probable that the cyclical stocks I own will slump in value if Covid-19 cases soar again and the economic recovery hits the skids. But I’m not planning to cut these loose from my shares portfolio. I’m a long-term investor and I look at what returns I can expect to make over a number of years from the stocks I buy. And I’m confident the companies I own will make me great returns over the next decade even if another stock market crash occurs in the near future.

A long-term boost to UK share prices?

While no-one, of course, wants to see the public health emergency worsen, such an event could actually be beneficial for my long-term returns. As chief investment offer at BMI Wealth Management, Dan Boardman-Weston, commented: “if [B.1.1.529] is going to take the world backwards from a Covid perspective then it’s likely that inflation will abate and monetary policy will stay looser for a long time”.

Low central bank interest rates and quantitative easing programmes boost stock prices as they encourage consumers and businesses to borrow money. This in turn boosts the amount they spend, in turn providing a helping hand to the economy.

Two penny stocks I’d buy right now

This is why today I’m continuing to scour the market for the best cheap UK shares to buy. Here are two top-quality penny stocks I’d buy even if the Covid-19 situation worsens.

Sylvania Platinum could be a great way for me to hedge my bets as economic uncertainty rises. Investment demand for the safe-haven precious metals it produces will rise if concerns over the Covid-19 saga worsen. Conversely, the outlook for industrial demand will improve if concerns over the destructive potential of the B.1.1.529 variant prove unfounded. I’d buy this penny stock even though production problems are a constant threat to mining shares like this.
Energy generators like Greencoat Renewables provides a service that will remain essential even if coronavirus cases balloon. As an investor this gives me terrific peace of mind as revenues should remain largely stable. And I think profits could rise strongly over the long term as demand for low-carbon electricity soars. I’d buy this renewable energy stock even though it could suffer if the wind refuses to blow.

I always treat stock market crashes as an opportunity to go bargain hunting. There are many other dirt-cheap UK shares I’d consider buying if markets continue reversing, too.

The post 2 penny stocks to buy if stock markets crash again appeared first on The Motley Fool UK.

Our 5 Top Shares for the New “Green Industrial Revolution”

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3 dirt-cheap UK stocks with high dividend yields to buy today

Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Low central bank interest rates and quantitative easing programmes boost stock prices as they encourage consumers and businesses to borrow money. This in turn boosts the amount they spend, in turn providing a helping hand to the economy.

Source: https://peakhoursnews.com/2021/11/28/2-penny-stocks-to-buy-if-stock-markets-crash-again/

Rapid fluctuations in EV stocks attract enthusiastic options trading

According to Trade Alert data, sentiment for electric car makers’ choices on Wednesday leaned towards bearish and defensive bets.

NS

| Published: November 28, 2009 4:17 pm IST

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Tesla, Lucido, and Rivian made up three of the six most actively traded option names.

Traders are being attracted to the sharp fluctuations in stocks of companies such as Tesla, Rivian Automotive and Lucido Group, and are accumulating options trading for electric vehicle manufacturers. On Wednesday, Tesla, Lucido and Rivian made up three of the six most actively traded option names, alongside Apple Inc and Advanced Micro Devices and others.

A large volume of options comes shortly after the big profits of many stocks of these companies. Rivian’s stock, which has just begun selling vehicles and has little reporting revenue, has increased by about 80% since its initial public offering last week. Lucid increased by 20% this week. Gores Guggenheim, a blank check company that has signed a contract to open Swedish electric car maker Polestar, has risen 17% this week.

Tesla’s share price rose Wednesday, but some other electric car makers withdrew.

Randy Frederick, Managing Director of Trading and Derivatives at Charles Schwab, said: “They seem to be involved in a memestock-type frenzy.”

Lucid, Rivian and Gores Guggenheim were one of the top 20 most actively traded options in the options market this week, according to Trade Alert data.

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Tesla’s share price rose Wednesday, but some other electric car makers withdrew.

A surge in stock options trading can exacerbate the volatility of the underlying stock. But it wasn’t immediately clear how they affected the stocks of electric car makers, Frederick said.

According to Trade Alert data, sentiment for electric car makers’ choices on Wednesday leaned towards bearish and defensive bets.

Lucid Put, which prevents stocks from falling below $ 50 by Friday, was one of the company’s most actively traded deals.

Puts are often used to convey the right to sell shares at a fixed price in the future and to prevent stock prices from falling.

0 comment

Rivian shares fell 17.0% on Wednesday to $ 142.7, with Rivian trading at $ 150, $ 140 and $ 130 levels.

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Rapid fluctuations in EV stocks attract enthusiastic options trading

Source link Rapid fluctuations in EV stocks attract enthusiastic options trading

A large volume of options comes shortly after the big profits of many stocks of these companies. Rivian’s stock, which has just begun selling vehicles and has little reporting revenue, has increased by about 80% since its initial public offering last week. Lucid increased by 20% this week. Gores Guggenheim, a blank check company that has signed a contract to open Swedish electric car maker Polestar, has risen 17% this week.

Source: https://indianewsrepublic.com/rapid-fluctuations-in-ev-stocks-attract-enthusiastic-options-trading-2/560644/

sensex: Covid news, GDP nos & two IPOs among key factors to drive market this week

sensex: Covid news, GDP nos & two IPOs among key factors to drive market this week

NEW DELHI: Two IPOs, auto sales numbers, PMI readings, quarterly GDP data, core sector data, the kick start of the winter session of parliament, and above all, the unfolding of developments relating to the new Covid variant would set the tone for the domestic market in the coming week.

Global economic indicators such as Chinese PMI reading and US jobless claims would also be keenly watched after a selloff in global equities this past week.

For the week, the BSE Sensex plunged 2528.86 points, 4.24 per cent to close at 57,107. The NSE Nifty50 plummeted 738.35 points, or 4.16 per cent, to 17,026.45.

“In our sense, this correction was on the cards irrespective of the news flows, We continue with our cautious stance, and until any signs of reversal are seen, short term traders should avoid aggressive bets and trade with proper money management,” said Ruchit Jain, Trading Strategist at 5paisa.com.

This is what investor focus will be in the coming week:

Two IPOs to hit D-Street

Star Health and Allied Insurance Company will kick off its Rs 7,294 crore IPO on N0vember 30, Tuesday. Rakesh Jhunjhunwala-backed Star Health and Allied Insurance Company has set the price band for its Rs 7,249 crore initial public offer (IPO) at Rs 870-900 per share. This would be the third-largest IPO in 2021 after Paytm and Zomato, which raised Rs 18,300 crore and Rs 9,375 crore, respectively.

Tega Industries, a manufacturer of consumables for the mining industry, will hit Dalal Street the next day, December 1, Wednesday. The price band for this IPO has been fixed at Rs 443-453 a share. The three-day initial public offering (IPO) will open on December 1 and conclude on December 3, the company announced.

Q2 GDP growth likely at 8.4 per cent

The September quarter GDP print will be out at 12 pm on November 30, Tuesday. A median of 44 economist estimates polled by Reuters, forecast year-on-year growth at 8.4 per cent in the September quarter. This would be against a 20.1 per cent growth in the June quarter and 1.6 per cent growth in March quarter.

“We expect India’s GDP to grow 8.5 per cent YoY in Q2FY22 amid some support from a favourable statistical base along with a gradual removal of lockdown restrictions by most states towards the end of the last quarter,” said Acuité Ratings & Research.

Winter session: All eyes on Crypto bill

The winter session of the parliament, starting November 29, will be in focus as 26 bills, including the cryptocurrency bill, will be tabled. The bill will aim to create a facilitative framework for the creation of the official digital currency to be issued by the RBI. It also seeks to prohibit all private cryptocurrencies in India, however, it may allow for certain exceptions to promote the underlying technology of cryptocurrency and its uses.

” Currently there is a lot of uncertainty but the government is making efforts to soon put out proper regulation with regards to crypto investment as it is quickly getting widespread across India,” Hemang Jain of Motilal Oswal Securities said last week.

New Covid variant a cause of concern

Dubbed as ‘Omicron’, the new virus variant has found itself in the list of ‘variant of concern’. The announcement from the United Nations health agency, post-market hours of Friday, marks the first time in months that WHO has classified a Covid-19 variant as such. The delta variant, which has become the world’s most prevalent, is in the same category. An eye on how the news unfolds regarding the same would be keenly watched.

Monthly PMI, auto sales data

Ajit Mishra, VP for Research at Religare Broking said, market participants will be eyeing a few macroeconomic data and domestic events next week.

“As the week marks the beginning of the new month, auto sales will also start pouring in from December 1. Besides, we have manufacturing and services PMI data scheduled on December 1 and December 3 respectively,” he said. Globally also, PMI readings especially in China and weekly jobless numbers in the US will be keenly tracked.

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Tega Industries, a manufacturer of consumables for the mining industry, will hit Dalal Street the next day, December 1, Wednesday. The price band for this IPO has been fixed at Rs 443-453 a share. The three-day initial public offering (IPO) will open on December 1 and conclude on December 3, the company announced.

Source: https://fintaxnews.com/sensex-covid-news-gdp-nos-two-ipos-among-key-factors-to-drive-market-this-week/

Binance CEO Says He and Warren Buffett Use Similar Investment Strategy but Doubts Buffett Has Skills to Keep Crypto Safe

The CEO of cryptocurrency exchange Binance says that he and Berkshire Hathaway CEO Warren Buffett share a similar investment strategy. However, he said he would not convince the Oracle of Omaha to invest in cryptocurrency. “I get worried if he uses crypto. He may not have the necessary skills or the knowledge on how to keep his own crypto safe,” the Binance CEO stressed.

Binance CEO on Warren Buffett and Crypto Investing

Binance CEO Changpeng Zhao (CZ) spoke about Berkshire Hathaway CEO Warren Buffett and cryptocurrency investing on Yahoo Finance on Wednesday.

Zhao recently praised Buffett’s investing skills after reading a book about him titled “Warren Buffett: Inside the Ultimate Money Mind.” The book provides “a deep analysis of Buffett’s essential wisdom, an intricate mosaic of wide-ranging ideas and insights that Buffett calls a Money Mind,” according to its description.

The Binance boss was asked if he was sitting in a room with Buffett, what he would tell the Oracle of Omaha about why he should invest in crypto. Zhao replied:

I wouldn’t convince him to invest in crypto. I think it’s not necessary that everybody has to invest in crypto.

“My mom doesn’t use the internet a lot and that’s good. Internet is fine. My mom is fine, ”the Binance executive continued. “I think basically it’s a free world. We don’t have to convince everyone to use crypto. It is only for people who want to use crypto.

He explained that he read the book on Buffett because he reads many investment books. “I recently just stumbled upon it, and it’s a great book, actually,” Zhao emphasized, adding that the Oracle of Omaha “has many investment theses that are timeless. And that still applies to crypto. It’s just that he’s not personally interested in crypto.”

Additionally, the Binance executive believes he and Buffett have similar investment strategies. He explained, as stated in the book, that Buffett is not an investor who likes to diversify his portfolio. Zhao described:

He likes to hold a small number of stocks that he knows well. And he doesn’t want to diversify across hundreds of stocks. That’s very similar to my personal mentality. I only hold BNB and BTC. I don’t diversify myself across different crypto assets.

“Because of his non-diversification, he’s not into bitcoin or crypto. It is very good. We don’t need to convince him, ”Zhao stressed.

“He is not short of money. He is at a different stage of life where I think the learnings, the philosophies, the teachings are valuable to the world,” the Binance executive added. The Berkshire Hathaway CEO “is super successful which I respect a lot,” he added, noting that there is no need to get him into crypto.

In fact, Zhao said he would be worried if Buffett started using crypto, saying:

I get worried if he uses crypto. He may not have the necessary skills or the knowledge on how to keep his own crypto safe.

Buffett has been a vocal critic of bitcoin and cryptocurrency. He called BTC “rat poison squared” in 2018. He also called the cryptocurrency game a game, not an investment. His right-hand man, Charlie Munger, said bitcoin was “disgusting and contrary to the interests of civilization” at the Berkshire annual meeting in May.

Zhao was also asked about his recent discussion on Twitter with Tesla CEO Elon Musk about Binance’s dogecoin problem. Musk, a proponent of the meme cryptocurrency dogecoin, tweeted Tuesday morning that the Binance’s problem “sounds shady.”

“Well, I don’t mean to be sassy on Twitter,” the Binance boss explained, pointing out that Musk was “incorrect” and “lacking in research.” He continues, “I am not aggressive by nature, but neither am I submissive or cowardly when it comes to defending our company. I see defending Binance as my job and defending BNB and the crypto industry as my life’s mission.

The Binance boss was asked if he was sitting in a room with Buffett, what he would tell the Oracle of Omaha about why he should invest in crypto. Zhao replied:

Source: https://www.coindailynews.io/2021/11/27/binance-ceo-says-he-and-warren-buffett-use-similar-investment-strategy-but-doubts-buffett-has-skills-to-keep-crypto-safe/

Investing in Our Future-Bay of Plenty Business News

Brendon Barnes, Quayside’s Chief Investment Officer since 2015, shares with us his thoughts on key aspects of the under consideration but bold asset management framework. With extensive domestic and international experience, including working for Abu Dhabi’s sovereign wealth fund, Brendon leads a team of keyside investment professionals. Clear and targeted generational investment asset management is the basis of Quayside Holdings’ commercial interests. With a majority share of Tauranga Harbor and $ 3.1 billion in assets, Keyside has taken a funded approach to our non-port assets to ensure that we maintain commercial discipline and community orientation. I’m using. What makes us stand out? We know that investments are deeper than profits, and as a shareholder we are providing sustainable dividends to the Bay of Plenty Regional Council (BOPRC) to support further regional development and services.

On On March 12, 2020, the Dow Jones Industrial Average plummeted by 2,352 points (10%) to over 1,985 points (9.36%) the next day, triggered by concerns about the coronavirus pandemic. In the uncertainty of the fastest bear market in history Quay I didn’t do anything because the necessary steps had been taken so far in advance.

“We were already planning this event. We sold a number of financial and consumer discretionary shares from our portfolio in early February and expected them to be hit hard in the short to medium term. We used the crash as a buying opportunity, picked up some undervalued stocks, and then went well, “Brendon said. “Investors who weren’t in a hurry were well rewarded.”

Fast forward so far, Quayside has set a record year. In the year to June 30, 2021, Quayside’s profit was $ 154.1 million. For the first time in its history, profits from the non-port portfolio were greater than profits from Tauranga Harbor, returning more than 28% annually.

Quayside has a wide range of investment obligations and can consider combinations of assets and opportunities that are not available to most institutional investors.

From direct real estate assets to horticulture, international private equity to pre-profit companies. All of these assets are selected to perform differently in different economic conditions, allowing Quayside to survive the uncertainties prevailing in the market through uncorrelated returns. This approach to portfolio building and wealth management is based on higher investment allocations to illiquid sectors and requires a true commitment to long-term strategies.

The Quayside portfolio is still dominated by a 54.14% stake in Tauranga Harbor, but in 1999 the Quayside Board made a strategic decision to begin diversifying its investment portfolio. Today, the non-port investment portfolio is valued at around $ 450 million (about 15% of total assets), which is projected to grow rapidly over the next few years.

“Ensuring the right combination of assets is sometimes a true balancing act. You always have to look to the future. Things change, opportunities arise, and things don’t go as planned. We benefit greatly from an experienced and hard-working team focused on strategy. “

The Quayside model has little impact, but everyone in the region is benefiting. This year’s dividend to BOPRC has reduced prices for all households in the bay by $ 289 per property.

“Last year we got involved with others who wanted to learn more and recreate the keyside model. We really don’t know how lucky we are here in the bay. Investing in yields. We need a healthy part of our growth assets to maintain dividends to the council and our community, rather than just focusing on it. “

Quayside’s balance sheet size, especially its non-port portfolio, allows Quayside to carry out transactions that are of great benefit to the region on a regular basis, including the issuance of $ 200 million of perpetual preferred stock in NZDX in 2008. The proceeds were spent on regional infrastructure projects. Civil engineering work will begin this spring at the long-awaited Langiul Business Park, which will bring great benefits to the wider community.

Brendon said: This responsibility is certainly not something we downplay. We take pride in providing positive impact results for the communities in which we live. “

read more: Quay, 30 Years of Investment-Bay’s Hidden Treasure

Source: https://eminetra.co.nz/investing-in-our-future-bay-of-plenty-business-news/427696/