Hedge funds are shifting their energy strategies, moving away from shorting oil stocks, a dominant position since 2021, and reducing short bets against solar stocks. This reversal is driven by concerns about oil supply and demand, coupled with optimism for clean energy. Economic slowdown fears and rising oil inventories contribute to skepticism towards the oil sector, influencing investment decisions.
Zee Entertainment approves Rs 600-crore share buyback at Rs 91 apiece; promoters to stay out
Zee Entertainment has approved a Rs 600 crore share buyback at Rs 91 per share, a 24% premium over its latest NSE closing price. The