Factor Update, October 19, 2024
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India’s markets regulator on Wednesday proposed changes to the regulatory framework for custodians, including doubling their minimum net worth requirement. Custodians provide services such as safekeeping of assets and maintenance of securities accounts for clients like foreign portfolio investors, mutual funds, and portfolio managers. Currently, India has 17 registered custodians. Assets under their custody jumped…
NVIDIA’s Huang says AI will make intelligence a commodity for billions Source link
You thought $1,000 was too high for just one share in 2019. When that share crossed the $2,000 mark in 2021, the previous $1,000 looked cheap. This cycle repeated, and the stock crossed the $3,000 mark in November 2023, the $4,000 mark in July 2024, and is now heading to cross the $5,000 mark. This…
Investing.com– U.S. stock index futures edged higher Wednesday, boosted by Netflix’s strong results and as investors assessed President Donald Trump’s trade policies. At 05:20 ET (10:20 GMT), gained 50 points, or 0.1%, climbed 24 points, or 0.4%, and rose 165 points, or 0.8%. The main Wall Street indices posted strong gains on Tuesday, the first…
ET Intelligence Group: The stock of Transrail Lighting has gained 58% over the past three months and of this, 36% was since May 23 when it declared the March quarter result depicting double digit growth in revenue and profit. The engineering, procurement, and construction (EPC) company, which is active in the power transmission and distribution…
Shares of electronics contract manufacturer Dixon Technologies gained as much as 5% to their day’s high of Rs 10,846 on BSE on Friday after its net profit rose 67% YoY to Rs 287 crore, largely supported by a one-time gain of Rs 131 crore from the fair value adjustment related to Dixon’s stake sale in…