APPLE THE CONSERVATION FUND
PMS Talk: AI, defence and electronics manufacturing are the next growth engines, says Vaibhav Agarwal
In this edition of ETMarkets PMS Talk, we speak with Vaibhav Agarwal, Founder & CIO, Accelt Asset Management LLP, about how his team’s bottom-up stock-picking approach identifies businesses capable of delivering sustained earnings growth. He explains why smallcaps offer opportunities among companies growing earnings at 25–30%, how the GMCV framework — Growth, Management, Capital Efficiency and Valuation — helps separate potential compounders from value traps, and why paying the right price matters even when a business has a compelling growth story.
Apple invests in 14,000 acres of California redwood forest; How tech giant is helping restore wildlife habitats
Apple has collaborated with The Conservation Fund to revitalise 14,000 acres of coastal redwood forest in California. This ambitious project aims to safeguard ecosystems while benefiting wildlife, enhancing carbon storage, and enriching local communities. It plays a vital role in Apple’s commitment to achieving carbon neutrality by 2030, as the ongoing monitoring of forest growth is intended to generate carbon credits, aiding in the reduction of emissions.
Apple Fellow Phil Schiller and his wife donate $25 million to help protect coral reefs across the world; How their gift will fund new research
Phil Schiller and Kim Gassett-Schiller announced a $25 million donation to the Woods Hole Oceanographic Institution. This funding aims to establish the Schiller Centre for Reef Solutions, which focuses on protecting coral reefs. Researchers will investigate reef health and test practical interventions for better conservation results. The donation addresses the urgent environmental pressures facing coral ecosystems today.
In 1892, denim millionaire Moses Cone began buying land in North Carolina; his 3,600-acre mountain estate later became a public park on the Blue Ridge Parkway
Moses Cone, the renowned industrialist dubbed the 'Denim King', transformed the landscape of North Carolina by acquiring land for his summer retreat, Flat Top Manor. After his passing in 1908, his wife, Bertha, managed the estate until 1947. Their legacy continued with the establishment of the Moses H. Cone Memorial Hospital, preserving public access, ultimately leading to the estate's incorporation into the Blue Ridge Parkway's treasured resources.
Self-taught programmer from Maryland who built Fortnite began buying North Carolina wilderness in 2009; today, his land holdings exceed 54,000 acres as he works with conservation groups to save them from developers
Tim Sweeney, the founder of Epic Games, has quietly acquired over fifty thousand acres of North Carolina land. He began purchasing vulnerable forests around 2009 when land prices were lower. Sweeney has also donated thousands of acres to conservation organizations for protection. His land holdings are managed through several limited liability companies across fifteen counties. The billionaire now focuses on permanently protecting his existing properties.
Christine Lagarde wades into French poll politics
Lagarde has refused to rule out an exit from the ECB before her term ends in October 2027, and news that her memoir, Lady First, will arrive in late January has added to chatter that she's ready to open a new chapter away from Frankfurt, with the World Economic Forum considered a likely destination.
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Trump pledged fiscal restraint. Instead, debt tops $40 trillion as borrowing costs rise
US debt: While voters may not focus on the issue until the country's fiscal problems translate into benefit cuts or tax hikes, the fallout hits them just the same in the form of high mortgage interest rates that track yields on government debt and inflation outpacing wage hikes.
Apple internally discussed buying Mistral, Perplexity: Report
CEO Tim Cook signaled last month that Apple was open to larger AI-related acquisitions to accelerate its roadmap, a shift from its historically conservative M&A posture.
The Obamas’ lavish Martha’s Vineyard estate which boasts of breathtaking views, hits the market for a jaw-dropping $39 million, but why are they selling it?
Blue Heron Farm in Martha's Vineyard, once a vacation spot for the Obama family, is now on the market. The 30-acre estate is listed for $39 million. Lord Norman Foster and his wife are selling the property. The estate includes a main house, guesthouse, and waterfront access. A portion of the sale will benefit local conservation efforts.
Donald Trump compares UK's demand for Apple user data to Chinese monitoring
Apple last week ended an advanced security encryption feature for cloud data for UK users in an unprecedented response to government demands for access to user data. A spokesperson for Britain's Home Office had then declined to comment on whether such an order had been issued.
Apple wants to keep diversity programs disavowed by other US firms
Apple's board of directors has recommended shareholders vote against a proposal to end the company's diversity, equity and inclusion (DEI) programs, going against the grain of decisions by other large US corporates. But the Apple board has recommended voting against the proposal when it meets late this month.
Apple wants to keep diversity programs disavowed by other US firms
Apple's board urges shareholders to vote against ending the company's diversity, equity and inclusion (DEI) programs. This comes after Meta, following a changing legal landscape, decided to terminate its DEI initiatives. Apple's board argues that their compliance program is robust and the proposal restricts their management ability. Republican criticism and legal changes influence these developments.
Trump VP pick JD Vance supports Big Tech antitrust crackdown
Vance, a Republican U.S. senator from Ohio, joined the presidential ticket on Monday at the Republican National Convention in Milwaukee, where Trump officially became the party's nominee.
Apple to invest another $200 million in carbon removal fund
The iPhone-maker said it will invest up to an additional $200 million in its Restore Fund, which was created in 2021 with an initial $200 million commitment.
Apple, Samsung propel average selling price of smartphones; agritech startups on reset mode
Thanks to Apple and Samsung, the average selling price of smartphones has moved up 18% to $224 in 2022.
Huge incentives planned for electronic components makers; top free agents in India’s tech & startup sector
The government is drawing up plans for a Rs 10,000-12,000 crore production-linked incentive scheme to encourage makers of high-tech IT and mobile phone components to set up shop in India. The news comes as an existing scheme to incentivise the manufacture of electronic components and semiconductors, announced in 2020, is set to end by March 2023.
Kanye West to buy right-wing microblogging website Parler. See details
Kanye West, the singer who legally changed his name to ‘Ye’, has announced that he is going to buy the right-wing microblogging website, Parler. The purchase is likely to be finalised later this year by Ye, who changed his name in 2021.
Apple creates $200 mn fund for 'working forests', aims to make the atmosphere carbon-free
Apple last year set out a goal to neutralise its own carbon emissions by 2030.
Social media app Parler crawls back online on 'independent technology'
Parler went dark after being cut off by major service providers that accused the app of failing to police violent content related to the deadly Jan. 6 attack on the US Capitol.
View: Despite appearances, Budget 2021 effectively continues to follow a conservative fiscal path
Interestingly though, the FM’s speech did not betray any policy stance to indicate that GoI had finally decided to spend its way out of the pandemic. Understandably so, because there is a catch. The government is not going to increase spending by 28% as the numbers suggest. The growth is likely to be 17%, if we compare apples to apples, and if we are lucky.
American investors have a whole lot riding on big tech
That means a significant chunk of Americans’ net worth and the security of their retirement may hinge on the success or failure of a handful of stocks. Some financial advisers, nervous about the exposure, say they are struggling to get clients to switch things up.
Which are the sectors & stocks to look at for a millennial-focused investment?
Millennials are bringing a new perspectives on financial goals & investment advice.
Shifting to smallcap from largecap mutual funds? It could be a mistake
Many mutual fund investors are considering moving their money from laregcap schemes to smallcap schemes. Are they right in doing so?
Saudi Arabia plans $2-trillion megafund for post-oil era
Saudi Arabia is getting ready for the twilight of the oil age by creating the world’s largest sovereign wealth fund for the kingdom’s most prized assets.
Ikea Is Buying Up Whole Forests, And So Is Apple
Some companies are going further down the supply chain to manage the provenance of their materials-by buying up the forests that source their paper and wood.
BlackBerry sells US headquarters to Brookfield Property Group
Once a leader in the global smartphone market, BlackBerry has lagged behind competitors Samsung and Apple and lost market share steadily.
Samsung to invest in new technology, M&As, marketing to topple Apple
Faced with slowing growth in the market for its Galaxy range of smartphones, Samsung said it would target the tablet segment where Apple’s iPads dominate.
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