Thu, Aug 8, 2024 1:35 PM
Unicommerce eSolutions IPO: Issue subscribed 47x on Day 3 so far
A Flip by Avya Verma
Warren Buffett transformed Berkshire Hathaway from a struggling textile company to a successful holding company, but views his investment as one of his costliest mistakes due to the industry's inherent struggles, likening textile companies to "chronically leaking boats" despite investments in capital expenditures and technology.
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Premier Energies Ltd, a solar cell firm, announced on Monday (September 9) that it had secured an order from the Uttar Pradesh Department of Agriculture to supply, install, and commission 8,085 solar water pumping systems across the state’s districts. The ₹215 Crore project includes a five-year warranty and is expected to be completed by March 2025.
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Lyn Alden, founder of Lyn Alden Investment Strategy, is bullish on emerging markets like India, China, and Latin America, expecting a series of US Fed rate cuts, despite near-term concerns over a short-term dollar index bottom and overbought gold. She believes the Fed's cutting cycle will benefit emerging markets once clarity is achieved.
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