Sanjiv Bhasin , believes that Idea, a telecommunications company, could be a good takeover target or subject to a strategic buyout. Bhasin predicts that Idea’s stock price will rise to 22-25 in the next year, potentially doubling investors’ wealth. He also highlights the potential for Idea to gain market share and increase average revenue per user as rates rise and the Supreme Court reconsiders the company’s debt.
US Federal Reserve’s Anna Paulson sees scope for more interest rate hikes amid inflation risks
Philadelphia Federal Reserve President Anna Paulson indicated that additional interest rate hikes could be warranted to combat inflation. She stated that inflation remains persistently high,