[ad_1] President Donald Trump signed an executive action he said would direct officials to create a sovereign wealth fund for the US, following through on an idea he floated during the presidential campaign. “We have tremendous potential,” Trump told reporters in the Oval Office on Monday as he announced the move. The president said the […]
CNBC-TV18 Morning Call: Softbank’s $100 bn US investment, Nvidia shares decline, LG Electronics India IPO – CNBC TV18
[ad_1] 1 / 15 The Nasdaq, on Monday (December 16), closed at a record high of 20,173.74, rising 1.1%, as tech stocks rallied ahead of the Fed’s final policy meeting of the year, while the Dow fell 0.3% and the S&P 500 gained 0.4%. 2 / 15 Tesla Inc shares jumped on Monday (December 16) […]
The pros and cons of a sovereign wealth fund for India | Q&A – CNBC TV18
[ad_1] Nilesh Shah, Managing Director of Kotak Mahindra AMC, has expressed support for the establishment of a sovereign wealth fund in India. Shah emphasised that while this initiative should be pursued, it must be done gradually and with caution. Conversely, Deepak Shenoy, Founder of Capitalmind, opposes the idea. He argues that mutual funds already have […]