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UBS has reaffirmed its Buy rating on Eli Lilly, setting a price target of $1,100 as the stock trades at $847.24. The company has shown strong sales growth, particularly for its Zepbound product, despite recent challenges with Mounjaro. Anticipation builds for the upcoming ACHIEVE-1 study on oral diabetes treatment, which could significantly impact investor sentiment.
UBS has projected a 35% upside for Shyam Metalics Ltd., setting a price target of ₹1,175 per share, following the announcement of anti-dumping duties on Chinese aluminium foil imports. The company, India's second-largest aluminium foil manufacturer, is expected to generate an additional ₹125 crore in EBITDA over the next two years due to these duties and increased production capacity. Currently, five out of six analysts recommend buying the stock, which has seen a 17.11% gain this year.
Gulf sovereign wealth assets are projected to reach $18 trillion by 2030, marking a 50% increase and reinforcing the region's financial dominance. With around 40% of global SWF assets, key players like Saudi Arabia’s PIF and Abu Dhabi’s ADIA are expanding investments, particularly in Asia and Africa, while facing rising competition and the need for enhanced performance standards.
Jollibee Foods Corporation is expanding its coffee and tea business, which includes brands like Compose Coffee and Coffee Bean & Tea Leaf, to strengthen its position in the competitive F&B market in the Philippines. This move may lead to a clash with VC-backed startups like Pickup Coffee and Zus Coffee, which are targeting younger consumers.In other news, Swiggy has launched a new B2B platform, Assure, to provide locally sourced fresh ingredients, while the IndiaAI Mission and the Gates Foundation are collaborating to enhance AI solutions across various sectors.
Bank of America is set to appoint Vikram Sahu as the new country executive for its India operations, replacing Kaku Nakhate, who has led the bank in India for 15 years. Sahu, currently head of global equity research in New York, will relocate to India in the second quarter to take on his new role, while Nakhate will continue as CEO of the India regulated entity until Sahu's appointment is approved by the Reserve Bank of India.
Bank of America is poised to appoint Vikram Sahu as the new country head for India. This leadership change reflects the bank's strategic focus on enhancing its operations and presence in the Indian market.
Kaku Nakhate, the executive leading Bank of America’s operations in India, is set to depart after 15 years with the firm. This transition marks a significant change for the bank's presence in the Indian market, as noted in a memo obtained by Bloomberg News.
Fore Coffee has filed for an IPO amid a temporary trading halt on the local exchange due to a market dip. The company plans to use the funds for expansion, targeting 60 new stores this year, including a second location in Singapore.In other news, Grab is expanding its grocery segment in Malaysia, which has outpaced its food delivery growth for two consecutive quarters. The company is acquiring Everrise to enhance its presence in the grocery market, despite challenges in profit margins.
Calculus Group and HRDS India have entered into a significant agreement worth Rs 1,000 crore to implement AI-enabled digital technology in rural areas. This initiative aims to enhance technological access and improve services in these regions, fostering development and innovation.
Protectt.ai has secured ₹76 crore in Series A funding to launch its AI security platform and pursue global expansion. The company emphasizes its commitment to ethical reporting and transparency, assuring readers that potential conflicts of interest will not compromise the integrity of its coverage.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs maintains buy rating on eli lilly with strong sales growth prospects
14:52 24.03.2025
UBS projects 35 percent upside for Shyam Metalics shares amid duty benefits
13:38 24.03.2025
gulf sovereign wealth assets projected to reach 18 trillion by 2030
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12:13 24.03.2025
jollibee expands coffee business amid competition from emerging startups
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10:30 24.03.2025
Bank of America appoints Vikram Sahu as new India country head
09:37 24.03.2025
Bank of America names Vikram Sahu as new head for India
09:32 24.03.2025
bank of america india head kaku nakhate departs after 15 years
08:43 24.03.2025
fore coffee plans ipo amid market volatility and expansion efforts
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08:00 24.03.2025
calculus group and hrds india partner to enhance rural tech with ai
20:14 23.03.2025
Protectt.ai secures 76 crore funding for AI security platform and expansion
19:50 23.03.2025
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