Wed, Nov 27, 2024 11:14 AM
Bitcoin down as Jim Cramer says crypto ‘deserve a spot’ in portfolio
A Flip by Avya Verma
Hyundai Motor India shares rose by nearly 2% to the day's high of Rs 1,926 on the BSE after Morgan Stanley and JPMorgan initiated coverage. JPMorgan and Morgan Stanley have initiated coverage on the automaker with an overweight rating, citing its strong growth potential, strategic positioning in the SUV and electric vehicle (EV) segments, and promising valuation metrics.
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Information technology (IT) services major HCLTech’s software business is betting big on attracting new contracts in India. It is driven by the government’s artificial intelligence (AI) mission and a focus on setting up sovereign systems such as industry-specific cloud environments among a slew of many other major initiatives, a top executive of the country’s third-largest software exporter.
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Jaimin Gupta along with other investors have acquired a majority stake in Aarvee Denims and Exports. Last week, Aarvee said it has approved the execution of the share purchase agreement for selling 1.42 cr shares to Jaimin Gupta along with Tarachand Agrawal & Qmin Industries. The deal also triggered obligation on the acquirers to make an open offer to acquire up to 26% of the company's equity.
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