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Manish Banthia, CIO-Fixed Income at ICICI Prudential AMC, who correctly predicted the gold rally in 2023, now sees little value in adding fresh exposure to bullion. He prefers a balanced allocation between equities and debt, citing attractive valuations in India and other emerging markets over gold.Read More

SpaceX’s IPO has been priced at $135 per share, valuing the company at around $1.8 trillion and adding an estimated $188 billion to Elon Musk’s wealth. With most of his fortune tied to SpaceX, Musk’s net worth has climbed to nearly $1 trillion and is projected to surpass $1.1 trillion once the stock begins trading, potentially making him the world’s first trillionaire.Read More

SpaceX stock debut is anticipated to be a blockbuster event. Shadow markets suggest a significant price jump of over 35%. This strong debut could set a precedent for future mega-IPOs. Investor appetite for AI and space infrastructure assets is high. A successful launch may impact other major tech stocks and benefit related companies.Read More

SpaceX secured $2.2 billion from Japanese investors in its record-breaking global IPO, reserving 3% of its Class A shares for the offering. This marked Japan’s largest first-time share sale since JX Advanced Metals Corp.’s IPO last year. The company aimed for $2 billion to $2.5 billion from Japanese investors, with Mizuho Financial Group leading the local portion.Read More

Indian government bonds rallied early Friday as oil prices plunged, with Brent crude futures easing nearly 2% to $88.66 per barrel. This decline, driven by hopes of a U.S.-Iran peace deal, boosted demand ahead of a significant debt auction. The benchmark 10-year U.S. Treasury yield also eased, contributing to the positive sentiment for Indian debt.Read More