What should we expect from the FOMC outcome? Arnab Das answers

What should we expect from the FOMC outcome? Arnab Das answers

“They are not in a position to give forward guidance because we are in many ways such uncharted territory. We have a fairly low unemployment rate below what had been anybody’s estimate of the kind of the natural rate of unemployment and we have a big budget deficit because of various fiscal programmes including subsidies … Read more

Invesco plans crypto-linked ETFs in bid to bypass SEC aversion

Invesco is planning to launch a pair of cryptocurrency-focused exchange-traded funds, even as regulators have repeatedly delayed the approval of a U.S. Bitcoin ETF. About 85% of the Invesco Galaxy Blockchain Economy ETF and the Invesco Galaxy Crypto Economy ETF will be in crypto-linked equities, according to a filing with the U.S. Securities and Exchange … Read more

Fidelity, Invesco look to buy into India’s coronavirus-led stock slump

By Moxy Ying, Abhishek Vishnoi and Ishika Mookerjee Even as traders in India fret over how much more pain the nation’s uncontrolled coronavirus surge will inflict on local stocks, some seasoned investors are getting ready to dip their toes back into the market. Concerns that a fresh round of lockdown-like rules triggered by the new … Read more

MTAR Tech raises Rs 179 crore from 15 anchor investors

MUMBAI: Hyderabad based precision engineering solutions company MTAR Technologies has raised Rs. 180 crores from 15 anchor investors ahead of its initial public offer (OFS) which will open for subscription on Wednesday. The company has allocated 31.11 lakh shares at Rs. 575 per share on March 2, to the anchor investors. The anchor book, according … Read more

IRFC raises Rs 1,390 crore from 31 anchor investors ahead of IPO

MUMBAI: Indian Railway Finance Corporation (IRFC) has raised Rs 1,390 crore from 31 anchor investors ahead of its proposed initial public offer (IPO). About 53.46 crore equity shares were allotted to anchor investors on Friday at an upper price band of Rs 26 per share. For the first time, the state owned company has made … Read more

Invesco’s Arnab Das explains why US tech stocks are losing steam

We are going to have a market where there is going to be a lot of dispersion across sectors and countries and some of those things that are changing will benefit some companies but not others or countries, says Arnab Das, Head of EM Macro, Invesco. There was nothing really in the FOMC meet that … Read more