Sat, Jun 22, 2024 6:31 PM
Dalal Street Week Ahead: Guard profits at higher levels, rotate investment
A Flip by Riya Sharma
While online discourse would make it seem that venture has retreated to the Bay Area, with San Francisco being the most important place to build a startup, Index Ventures is looking to bulk up its New York-based investing team. The firm is currently looking to hire another New York-based investor with plans to add three or four new people to the team within the next year.
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Reliance Industries on Saturday, September 28 said the Centre has approved the transfer of non-news and current affairs TV channels held by Viacom18 to Star India, as part of the strategic Reliance-Disney venture. The same is subject to conditions laid by the Competition Commission of India, the company informed the exchanges.
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Adobe's stock dipped 14% after its FQ3 2024 earnings beat, despite solid revenue and EPS growth, due to guidance that under-projected revenue. The article argues that the sell-off is an overreaction, citing Adobe's wide moat, lucrative business model, and fair valuation, making it a buying opportunity for long-term investors.
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