In today’s briefing:
- Ohayo Japan | Tech Sell-Off Drags Wall Street Lower
- Japan Morning Connection: Huang’s AI Keynote Fails to Excite Investors
- #120 India Insight:Haldiram Stake Sale, SBI’s New Unit, and India’s 600 GW Green Energy Goal
- What’s New(s) in Amsterdam – 18 March (B&S Group)
Ohayo Japan | Tech Sell-Off Drags Wall Street Lower
- Stocks fell Tuesday, resuming Wall Street’s recent sell-off. The Dow lost 260 points
- Nvidia (NVDA) stock fell despite major AI announcements at its GTC conference. CEO Jensen Huang unveiled the Blackwell Ultra AI chip
- Toyota Motor has adopted Nidec’s “electric axle” drive device for its low-priced electric vehicles launched in China
Japan Morning Connection: Huang’s AI Keynote Fails to Excite Investors
- EU defence names higher again, expect more upside for JP heavies after yesterdays lull.
- Intel managed to eek out gains with the market still positive on streamlining.
- BYD rapid charging adding to Tesla woes, downside pressure to build for Panasonic as restructuring allure fades.
#120 India Insight:Haldiram Stake Sale, SBI’s New Unit, and India’s 600 GW Green Energy Goal
- Haldiram sells 10% to Temasek at $10B valuation, plans additional 5% pre-IPO stake sale amid mixed investor interest.
- SBI will launch a dedicated project finance unit to back AI, fintech, and renewable energy, targeting India’s fast-evolving industries.
- India must install 600 GW of non-fossil capacity by 2030 to manage rising power demand and reduce dependence on coal.
What’s New(s) in Amsterdam – 18 March (B&S Group)
- B&S ended the year strong with an organic turnover growth of 12.2% in 4Q24, resulting in FY24 organic growth of 8.3%, well ahead of market consensus.
- Despite the higher than anticipated organic turnover growth, EBITDA was a touch below expectations.
- This is mainly related to a EUR 6.0m inventory provision as a result of declining market prices at its Liquors segment.
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