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Disconnect grows in India between Covid-19’s ruination and record high markets Investors continue to snap up Indian assets, fuelling a 66% rally in the Nifty 50 Index over the past 12 months 28 May 2021 - 13:28 Nupur Acharya, Divya Patil and Baiju Kalesh India is experiencing a huge surge in Covid-19, one its health system cannot cope with. Picture: BLOOMBERG/REBECCA CONWAY Mumbai As Covid-19 continues to ravage India, financial professionals across the country are grappling with an increasingly surreal disconnect between the epidemic’s devastation and a record-breaking boom in local markets. The world’s worst coronavirus outbreak has battered India’s economy and lifted its official Covid-19 death toll to more than 318,000 a figure that experts say is likely a significant undercount. ....
Overview I am pleased to report that over the year to 31 October 2020 the Company s net asset value ( NAV ) total return per Ordinary share was 8.9%. This compares favourably with a total return of 8.2% from the Company s benchmark, the MSCI Emerging Markets Net Total Return Index (in sterling terms), and reflects a significant recovery following the fall in the NAV of more than 11% for the first half of the financial year.
The Ordinary share price total return for the year was 12.2%, as the discount to NAV at which the Company s shares trade narrowed slightly, to 13.4%, from 15.4% at the start of the financial year. At the time of writing, the discount to NAV stands at 13.0%. ....
Aberdeen Emerg IncCo (LSE:AEMC) | RNS | Aberdeen Emerg IncCo proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
TCS, Wockhardt lead UK s big Indian investment wins SECTIONS Last Updated: Feb 10, 2021, 10:14 AM IST Share Synopsis According to official statistics, the UK-India trade relationship was worth 23 billion pounds in 2019 and supports key industries such as technology and life sciences and around half a million jobs in each other s economies. Reuters A person crosses the Westminster Bridge, with the Palace of Westminster on the background, as snow falls in London, Britain, January 24, 2021. REUTERS/Toby Melville Indian technology major Tata Consultancy Services ( TCS) and pharmaceutical and biotech major Wockhardt are among the big investment wins being celebrated in the UK as International Trade Secretary Liz Truss concluded her five-day visit to India this week. ....
Indian technology major Tata Consultancy Services (TCS) and pharmaceutical and biotech major Wockhardt are among the big investment wins being celebrated in the UK as International Trade Secretary Liz Truss concluded her five-day visit to India this week. The Department for International Trade (DIT) confirmed that the Cabinet minister, who held talks with Commerce and Industry Minister Piyush Goyal during her visit to Delhi between February 5 and 9, had agreed the terms of an Enhanced Trade Partnership (ETP) and set the stage for a potential free trade agreement (FTA) in the future. Besides, the minister also clinched a major investment by TCS that will bring 1,500 high-skilled jobs to sites all over the UK and further investment by Wockhardt at its Wrexham site in Wales, which will lead to more than 40 new jobs and the extension of a COVID-19 vaccination contract to ensure the UK has uninterrupted fill and finish capacity for vaccines in 2022. ....