Monday, August 10
Stephen Schwarzman, founder and CEO of Blackstone, says the world's largest alternative asset manager will have "plenty of money to put to work" in India where it plans to expand in infrastructure and private credit, in addition to private equity and real estate. In an interview with Sruthijith KK in Davos, the septuagenarian sounded bullish about growth projections in the US and dismissed concerns about asset bubbles and pricing gaps. As Schwarzman discussed multibillion investment plans, he was interrupted by a phone call from his wife, who informed him that their son Teddy's movie, Train Dreams, has been nominated for the 98th Academy Awards. Edited excerpts:Will geopolitics determine capital flows more than fundamentals going forward?I don't think that's the case. There could be some m
Indian equity markets have shown resilience in recent sessions, with market breadth and overall texture remaining supportive despite signs of incremental weakness over the past week. While near-term volatility has crept in, the broader outlook continues to hinge on earnings visibility and key global developments.Speaking to ET Now, Mayuresh Joshi, Head Equity, Marketsmith India said the earnings season so far has delivered mixed results. “Earnings so far have been a mixed bag. PSU banks have largely held up in terms of their earnings delivery. But apart from that, it has been in line with estimates or a tad bit below par so far in terms of numbers that we have probably seen,” he said.However, Joshi believes the earnings outlook could improve meaningfully as the year progresses. He poin
