Year’s best-performing crypto token is tied to Sam Bankman-Fried
Solana’s SOL token has surged about 340% to $41 in 2023, outdoing the 114% rally in market bellwether Bitcoin and becoming the best performing token among the largest cryptocurrencies tracked by Bloomberg. That follows a 94% drop last year as Bankman-Fried’s FTX and Alameda Research — two major backers of the project – collapsed into […]
Tata Motors shares jump over 4% post Q2 earnings. Should you buy or sell?
Motilal Oswal reiterated a buy on Tata Motors with a December 2025E SOTP-based TP of Rs 750. Company’s 2QFY24 results significantly beat brokerage’s estimates on consolidated EBITDA and PAT.
Fundamental Radar: Varun Beverages poised to become 4-digit stock; here’s how
Varun Beverages Ltd is the second-largest franchisee of PepsiCo outside the US, and accounts for about 90% of PepsiCo’s beverage sales volume in India. The company manufactures carbonated soft drinks, including Pepsi, Mountain Dew, Seven Up, and Mirinda, and non-carbonated beverages such as Tropicana Slice, and Tropicana Frutz; and Bottled water – Aquafina.
Hot Stocks: Brokerages view on Tata Steel and Dabur India
US brokerage Citi downgraded Tata Steel and slashed the price target on concerns over Europe operations coupled with domestic steel prices.
Big movers on D-Street: What should investors do with Britannia, JK Tyre and Minda Corp?
Stocks that were in focus included names like Britannia, which gained 3%, Tata Motors, which jumped 9.77%, and Minda Corp, whose shares declined 0.37% on Thursday.
World’s top sugar trader is having deja vu of an epic shortage
India isn’t expected to ship any sugar for the season that just started, a shift from two seasons ago when exports were as much as 11 million tons. That means markets are depending on Brazil, Mauro Angelo, chief executive officer at Alvean, a trading house controlled by Brazilian producer Copersucar SA said, making prices extremely […]
A gush of state bonds may upend market dynamics
So far in October, state government bond issuances have outstripped their indicative calendar by 24%, with states on track to issue bonds worth almost ₹1 lakh crore more in FY24 than the previous year on a gross basis.
ESAF SFB offers exposure to fast-growing micro-lending segment
The promoter group’s stake will fall to 63.5% after the IPO from 74.4%. The company focuses on customers in rural and semi-urban areas which contribute nearly two-thirds to the loan book
Higher Turkish demand pushes Basmati rates up
“The old contracts that were kept in abeyance because of sub-$1200 price per tonne are being shipped now. New orders are pouring in with large buyers from Turkey visiting India to pick up good volumes of basmati rice,” said Vijay Setia, a basmati exporter and past president of All India Rice Exporters Association (AIREA).
Go First lenders to meet Monday, stare at Rs 6,500 crore in losses
Lenders to the insolvent airline Go First will likely meet to assess a fund-infusion plan into the grounded carrier. However, regulatory approval for lessors to repossess leased aircraft is making it unviable for bankers to commit fresh money to the first case of voluntary bankruptcy in Indian aviation.