Edelweiss said the stock has the potential to return 30-40% in the next 7 to 12 months after receiving the in-principle – albeit conditional – nod from India’s anti-trust regulator for the merger with Sony. The brokerage has raised its price target on the stock to ₹390 from ₹370.
Volatile yen draws intervention watch, other currencies subdued
In response to last week’s notable drop, currency markets have been closely monitoring the yen. Reports suggest that Japanese officials are conducting rate checks, hinting