Mon, Nov 18, 2024 9:44 AM
Reliance Industries shares in focus after completion of JV with Disney
A Flip by Avya Verma
Tata Electronics is set to acquire a 60 per cent majority stake in Taiwanese contract manufacturer Pegatron’s iPhone plant in Tamil Nadu, forming a new joint venture (JV), Reuters reported citing two sources. The move will strengthen Tata’s position as an Apple supplier in its India supply chain, the sources added.
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Chinese equities have shown resilience amid concerns over Trump's protectionist trade policy, outperforming India and European markets, while the US market has gained 3.2% since Trump's win. Chinese stocks have fallen 3.3%, less than other emerging markets, as investors doubt Trump's 60% tariff threat on Chinese imports.
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Adani Green Energy has revived its US dollar bond offering through two of its subsidiaries, the company informed on November 18, proposing 20-year tenor of the dollar-denominated bonds. Units of Adani Green - Adani Hybrid Energy Jaisalmer and Adani Solar Energy Jaisalmer - are the co-issuers of the debt note. The group aims to use the proceeds of the bond issue note to repay foreign currency loan.
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