“US-India friendship has scaled many heights in the past. Now it is time our partnership plays an important role in helping the world bounce back faster after the pandemic,” Modi said at the India Ideas Summit organized by the US-India Business Council (USIBC).
Modi said India has what is needed to power the global economic recovery. “The rise of India means a rise in trade opportunities with a nation that you can trust. A rise in global integration with increasing openness,” he said.
The International Monetary Fund (IMF) has projected the global economy to contract by 4.9% in 2020 with India estimated to shrink by 4.5% during FY21 as a result of a drop in economic activity because of the coronavirus pandemic. Click to read more.
Clients of female financial advisers are more likely to want to increase their holding in sustainable funds over the next six months, research has suggested. According to a survey of 1,500 investors, in Q2, by UK financial services website Boring Money, one-in-four (24%) of investors say they plan to increase their holdings in sustainable sector funds in the next six months. Advised clients are more likely (28%) than non-advised investors (20%) to want to increase sustainable exposure.
Looking a step further at the differences between sexes, a third (32%) of advised women say they plan to increase their sustainable holdings compared to a little more than a quarter (26%) of advised men. Click to read more.
The companies raising the most money in the IPO market right now have no revenue, aren’t profitable and lack long-term business plans. That is by design: They are blank-check companies, whose purpose is to raise money for acquisitions.
So far this year, these special-purpose acquisition companies, or SPACs, have raised $6.5 billion, on pace for their biggest year ever, according to Dealogic. In April, 80% of all money raised for U.S. initial public offerings went to blank-check firms, compared with an average of 9% over the past decade.