Tesla stock hits 2-year low after Musk sells $4 bln worth of shares

Musk, said Ives, needs to end “Twitter overhang on the Tesla story with his focus back on the golden child Tesla which needs his time more than ever given the soft macro, production/delivery issues in China, and EV competition increasing from all corners of the globe.”

Keystone Realtors’ Rs 635-crore IPO to open on Nov 14

The company intends to use the proceeds of the fresh issue for repayment, in full or part, of certain borrowings of the company and certain of the subsidiaries and funding acquisition of future real estate projects. Axis Capital and Credit Suisse Securities are the bankers to the issue.

What changed for market while you were sleeping

Asian share markets were tense on Thursday and the dollar held on to its overnight gains before the big test of a US consumer inflation report, while market sentiment took a dive as the likely collapse of a major crypto exchange spooked investors. MSCI’s index of Asia-Pacific shares outside Japan was trading 0.97% lower

Coal India soars, may rise 20% more

Motilal Oswal has the most bullish view and expects the stock to hit ₹325, translating into a further 21.2% upside from the current price. “Strong results; consensus continues to upgrade,” the firm said in a client note. “Renewables continue to be unreliable with problems either related to availability, costs, storage or safety. As a result, […]

Cryptocurrencies plunge as Binance scraps deal for rival FTX

Bitcoin sank to a two-year low after Binance confirmed earlier rumors and news reports that it was ready to back out of the FTX deal, struck between the CEOs of the two exchanges on Tuesday. The deal was pending Binance’s due diligence on FTX’s balance sheet.

Sebi panel suggests steps to beef up governance at MIIs

In April, Sebi had constituted an ad hoc committee under the leadership of its former whole-time member G Mahalingam. The committee was formed after the market regulator found several governance lapses at the National Stock Exchange (NSE) while Chitra Ramkrishna was at the helm of the exchange.