Ambit Capital initiated coverage on Zinka Logistics, parent of BlackBuck, with a Buy rating and Rs 885 target price. The brokerage highlighted BlackBuck’s emergence as India’s largest commercial vehicle technology platform, driven by its expanding tolling and telematics offerings and improved profitability. The company has significantly digitized India’s trucking ecosystem, serving a substantial portion of the trucker base.Read More
Wall Street’s main indexes dipped on Friday, driven by a renewed selloff in technology stocks, while hawkish commentary from Federal Reserve officials added to doubts about an interest rate cut in December.Read More
Morgan Stanley acquired 40,000 shares in Shaily Engineering Plastics through block deals. Promoters Amit Mahendra Sanghvi and Laxman Sanghvi sold some of their holdings. Motilal Oswal Mutual Fund and S I Investments Broking Pvt Ltd were also buyers. Shaily Engineering Plastics, a multibagger, reported strong Q2 results with a 134% jump in net profit and 34% revenue growth.Read More
Benchmark indices reversed early losses to close higher for a fourth straight session, aided by gains in financials, pharma and FMCG. Key movers included Ipca, Jubilant FoodWorks, Groww, Pine Labs, TARIL, and IT stocks reacting to profit booking and earnings updates.Read More
Stablecoins have crossed $3.1 trillion in daily transactions, surpassing Visa and nearing US ACH volumes. Their market cap has topped $300 billion as they rapidly evolve into a programmable payments layer enabling faster, cheaper and more open digital transactions across the Internet.Read More
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