Tata Group, the largest conglomerate in India, is set to become the first domestic iPhone maker in history, which would be a huge victory for "Made in India." This incredible victory comes after Taiwan's Wistron Corp. received approval to sell the Tata Group its massive $125 million iPhone assembly plant in Southern India.
The trade has produced an extra gain of 12 percentage points over the MSCI large-cap index so far this year, on course for the second-best relative returns in the past 14 years. Part of the reason is that large-cap companies are more likely to be exposed to China’s economic troubles.
The backdrop of lower borrowing costs benefits small caps significantly, as they often rely more heavily on debt financing than large-cap counterparts, Dinic said.
(Bloomberg) With the final quarter of 2023 approaching, one winning strategy in emerging markets is becoming clearer: buying shares in smaller companies.Most Read from BloombergMGM Resorts Hackers Broke In After Tricking IT Service DeskUltra-Rich Buy Ultra-Luxury Counseling to Get Kids Into HarvardBillionaire Case Bets on Superfast Jet, AI Beyond Silicon ValleyCanada Postpones Trade Mission to India With Tensions On RiseWorld Adapts to Fed’s Rate Order in 36-Hour SequenceThe trade has produce