Fri, Dec 13, 2024 1:39 PM
UltraTech, Ambuja Cement among top stock picks as cement demand rebounds
A Flip by Shubhangi Gupta
Abu Dhabi's financial centre, the Abu Dhabi Global Market (ADGM), will conduct a roadshow in China in mid-February to respond to "overwhelming interest" from businesses to set up shop in the capital of the United Arab Emirates, according to its market development head. The planned trip follows a July roadshow that visited Shanghai and Hong Kong.
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Chinese shares declined as authorities again left investors guessing on the specifics of a fiscal stimulus even as their key policy meeting vowed to boost consumption. The CSI 300 onshore benchmark closed down 2.4%, its worst day in three weeks. Friday’s drop led to a weekly loss of 1%, snapping a two-week winning streak spurred by optimism about potent stimulus.
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Brookfield India Real Estate Trust raises Rs 3,500 crore through a qualified institutional placement to reduce debt, with strong demand from investors including the International Finance Corporation and Life Insurance Corporation of India. The funds will be used to partially or fully prepay outstanding borrowings and for general purposes.
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