Tue, Sep 8, 2020 10:12 PM
Signs of normalcy: Life insurers post 15% rise in new premiums in August
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Investors should use any swings in Indian stocks during the weekslong election as an opportunity to buy, according to JPMorgan Chase & Co.’s private banking unit. The South Asian nation, which has been a favorite pick among investors looking away from China, is set to kick off nationwide polls from Friday with votes to be counted on June 4.
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India’s second-largest IT services company Infosys is set to acquire in-tech, an engineering R&D services provider with a focus on the German automotive industry, according to an exchange filing issued on April 18. Germany-based in-tech provides digitization services to automotive, rail transport and smart industry sectors, the filing said.
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Currency markets are in full risk-off mode amid fears of a widening conflict in the Middle East, with traders rushing for safe havens in both spot and options. The dollar gained versus all Group-of-10 currencies except for the Swiss franc and the Japanese yen on Friday, after reports that Israel launched a retaliatory strike on Iran. The Bloomberg Dollar Spot Index rose for a seventh day in eight.
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