Truist Initiates QuantumScape with Hold Rating By

© Reuters. By Michael Elkins  Truist Securities initiated coverage of QuantumScape Corporation (NYSE:) with a Hold rating and $10.00 price target. Truist believes that the electric vehicle battery developer is on the path to advance the “rapidly growing EV battery industry” with its proprietary solid-state technology. An analyst wrote “While we believe QS batteries could … Read more

Musk texted Oracle’s Ellison all night before putting Twitter deal on hold

San Francisco, Sep 27 (IANS) The world’s richest man Elon Musk was busy texting Oracle (NYSE:) Chairman and CTO Larry Ellison all night before he decided to terminate the $44 billion Twitter (NYSE:) takeover deal in May, the media has reported, citing a court filing. According to Insider, Musk texted Ellison “into the early morning … Read more

Canelo Alvarez to have hand surgery after Gennady Golovkin trilogy with injury so bad boxing champ can’t hold a glass

CANELO ALVAREZ revealed plans to have hand surgery after beating Gennady Golovkin with his injury so bad he cannot even hold a glass. The Mexican scored the most convincing win in his trilogy series with GGG, beating the Kazakh by unanimous decision in Las Vegas. 2 Canelo Alvarez revealed plans to have hand surgery after beating … Read more

Needham Upgrades Tesla to Hold, Launches Coverage on 3 Other EV Stocks By

© Reuters. By Davit Kirakosyan Needham & Company has a new EV analyst who took over coverage of Tesla (NASDAQ:) and upgraded the shares to Hold from Underperform and launched coverage on three other EV stocks – Fisker (Buy), Rivian (Hold), and Lucid (Underperform). Tesla was upgraded to hold from underperform. The analyst mentioned the … Read more

RBI committed to hold rupee at 80 to USD; global headwinds likely to ease

He also gave the Reserve Bank of India (RBI) high marks for using its reserves to stem the rupee’s fall. “The rupee has fallen quite sharply this year. But it has fallen less than most other currencies,” Jamal Mecklai, CEO, Mecklai Financial Services Pvt. Ltd told IANS. According to him, the main forces driving the … Read more

NCLT allows Zee to hold shareholders’ meeting for proposed merger with Sony

New Delhi, Sep 7 (IANS) The National Company Law Tribunal (NCLT) has allowed Zee Entertainment to conduct the shareholders’ meeting for the proposed merger with Sony. “The Mumbai bench of National Company Law Tribunal (NCLT) has directed in its order that a meeting of the equity shareholders of Zee Entertainment Enterprises Ltd. (NS:) be convened … Read more