
Indian Investors Are Moving to Alternatives, Kotak Mahindra Says
Gautami Gavankar, president of Kotak Mahindra Bank Ltd., says Indian investors are increasingly considering alternative assets and private credit. Real estate plays, private equity funds like pre-IPO funds, infrastructure funds and special situation funds are also gaining traction, she tells the audience at the Bloomberg Invest conference in Hong Kong. (Source: Bloomberg)
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Singapore Members Club 1880's Staff In Bid to Revive Firm: BT
The staff of Singapore private members club 1880 have made an offer to buy the club's assets with the backing of its landlord RB Corp., a member of RB Capital Group, according to the The Business Times.
Yahoo
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Downtown San Francisco's home prices are surging — and not only because the new mayor is tackling quality-of-life issues
After years of declining property values, shuttered storefronts and a pandemic-driven exodus of remote tech workers, signs of life are reemerging in San Francisco's core. Median home list prices in one central ZIP code — encompassing neighborhoods like Nob Hill, Union Square and the Tenderloin — soared 51% in May compared to the same time last year, according to While those figures reflect list prices rather than final sale prices — and can swing based on the mix of homes entering the market — the sharp uptick points to renewed buyer interest in an area that, until recently, symbolized San Francisco's struggles. The shift comes not only as more workers return to their offices, but also as newly elected Mayor Daniel Lurie pushes a cleanup campaign aimed at reversing the city's declining reputation. Since taking office in January, Lurie has focused on curbing open-air drug markets, reducing homelessness and boosting sanitation, while proposing a budget centered on core services like public safety. 'The people of this city have called on us to rebuild a safer, cleaner, thriving San Francisco,' Lurie said last month. 'To do that, we must provide clean and safe streets, address the crisis of homelessness and addiction, and reinvigorate the spirit and strength of businesses and neighborhoods across this city.' Lurie, a political newcomer and heir to the Levi Strauss fortune, defeated incumbent Mayor London Breed in a campaign dominated by concerns over quality-of-life issues. His proposed $800 million budget includes controversial cuts to city staffing — roughly 1,400 positions — while expanding law enforcement and behavioral health initiatives. Among the measures already underway: targeted enforcement in drug hotspots and new rules requiring city-distributed drug paraphernalia to be paired with counseling referrals. Though some critics have protested the staffing cuts, Lurie's office touts early progress. Crime is down nearly 30%, car break-ins are at their lowest point in 22 years and street encampments have dropped to their lowest level since 2019, according to city data. 'We're definitely starting to see progress,' Steven Huang, founder of Ascend Real Estate and president of the San Francisco Association of Realtors, told 'Some of it is visible today, and I would say that even in Downtown, in Union Square, our famous shopping district, you're definitely going to see a lot more foot traffic already, but it's just the beginning.' The housing recovery remains uneven. In the broader San Francisco metro, the median home list price stood at $998,000 in May — still 4% lower than a year earlier. Most ZIP codes across the city continue to lag behind pre-pandemic pricing levels. The collapse began in earnest in 2022, when San Francisco home prices tumbled 12% over a nine-month stretch, according to the Case-Shiller Home Price Index. The hollowing out of downtown — fueled by work-from-home shifts, office vacancies and the fentanyl crisis — left once-busy corridors eerily quiet. 'Demand for homes in central San Francisco fell as office workers went remote and even relocated,' said Hannah Jones, senior economic research analyst at 'However, compared to last year, prices are on the rise again, suggesting demand for homes in the city is on the rise once again, perhaps prompted by return-to-office requirements.' Whether the current momentum can be sustained remains to be seen. The market is still navigating high interest rates, affordability challenges, and persistent concerns about public safety. But with AI companies clustering in the Bay Area and downtown's cleanup underway, some see the beginnings of a fragile rebound. Sign in to access your portfolio
Yahoo
an hour ago
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Here's Why Sony (SONY) Fell More Than Broader Market
Sony (SONY) closed at $24.75 in the latest trading session, marking a -4.37% move from the prior day. This move lagged the S&P 500's daily loss of 0.22%. On the other hand, the Dow registered a gain of 0.08%, and the technology-centric Nasdaq decreased by 0.51%. The electronics and media company's shares have seen an increase of 2.17% over the last month, surpassing the Consumer Discretionary sector's loss of 0.1% and the S&P 500's gain of 0.45%. The investment community will be closely monitoring the performance of Sony in its forthcoming earnings report. On that day, Sony is projected to report earnings of $0.23 per share, which would represent a year-over-year decline of 4.17%. For the full year, the Zacks Consensus Estimates project earnings of $1.16 per share and a revenue of $79.87 billion, demonstrating changes of -5.69% and -6.09%, respectively, from the preceding year. It is also important to note the recent changes to analyst estimates for Sony. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.31% lower. Sony is currently a Zacks Rank #5 (Strong Sell). With respect to valuation, Sony is currently being traded at a Forward P/E ratio of 22.26. This signifies a discount in comparison to the average Forward P/E of 33.66 for its industry. Meanwhile, SONY's PEG ratio is currently 12.44. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. SONY's industry had an average PEG ratio of 12.44 as of yesterday's close. The Audio Video Production industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 193, this industry ranks in the bottom 22% of all industries, numbering over 250. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Make sure to utilize to follow all of these stock-moving metrics, and more, in the coming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sony Corporation (SONY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research