Tesla CEO Elon Musk's India visit is likely to be postponed, CNBC-TV18 reported, citing unidentified people. Musk was expected to visit India on April 21 and 22 and meet Prime Minister Narendra Modi. On April 10, Musk posted on X that he was looking forward to the meeting with PM Modi. Moneycontrol earlier reported that Musk was to announce an investment of $2-3 billion in India.
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A JPMorgan analyst recently lowered his price target on 3M stock to $110 from $118 and retained his neutral rating on it. That new price target still anticipates a near-20% upside over 12 months from the current price of about $92, highlighting the stock's value case. It looks like a downgrade, but in reality, the change reflects the spin off of 3M's healthcare business, now trading as Solventum.
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Wipro's chief executive officer (CEO) Srinivas Pallia, on April 19, outlined five key focus areas to turn around the company in the days to come. This was in response to how the new CEO plans to take charge and drive growth, at a time when not just the market demand is tepid but Wipro's inherent challenges have led to consistent dwindling of market share.
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