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Raymond James analysts upgraded shares of Crocs (NASDAQ:CROX) to Strong Buy from Outperform on Tuesday, raising the price target to $115 from $98 per share.

₹3,800 crore, beating the likes of Dorf-Ketal and Tata Chemicals to win the bid. The acquisition will give PCBL, among the largest manufacturers of carbon black material in India, a crucial foothold in the specialty segments of water treatment chemicals and oil and gas chemicals. PCBL (formerly known as Phillips Carbon Black Limited) expects to finance the deal through a mix of internal accruals and external fundraising, the company told stock exchanges after the share purchase agreement was signed on 28 November.

CNBC-TV18 reported. There was no official statement at the time of publishing this report. The 16th Finance Commission will be tasked to initiate the layout of centre-state financial relations for coming five years.

PTI. The sanctions will be imposed under the UAPA and a law against use of weapons of mass destruction.

The eternal tussle between quantity and quality has been a subject of debate in various fields, including philosophy, art and innovation. This dichotomy is particularly relevant in the context of innovation, especially when considering the role of patents. Patents are commonly seen as a measure of a country’s innovative capacity.

Mint. Alipay’s share sale follows a partial stake sale by Softbank Group in the food delivery aggregator last month where the Japanese investor sold 1.1% stake for ₹1,200 crore. Alipay is selling 296 million shares in the online food delivery company and expects to raise ₹3290 crore or ($395 million).

Telangana Assembly polls came to an end at 5 pm Tuesday, after witnessing the longest poll season among the five states including Mizoram, Madhya Pradesh, Chhattisgarh, and Rajasthan, which have already completed the voting process of their elections. The upcoming Telangana Assembly elections is going to witness a triangular contest between Bharat Rashtra Samithi (BRS), the Congress, and the Bharatiya Janata Party (BJP). The ruling BRS is trying to retain power for the third consecutive term, while the Congress is vigorously trying make a comeback, and the BJP is also confident to win a clear majority to get into power in the state.

All anyone was talking about last week was OpenAI. Over the course of five short days, its chief executive officer Sam Altman was fired by the board, hired by Microsoft and reinstated as the head of OpenAI.

Housing affordability and availability is a complex public policy issue. It is unlikely there is one expert who knows it all since it involves — at a minimum — a great understanding of many disciplines and how they all intersect with each other, including immigration policy, infrastructure knowledge, economics, public policy, how entrepreneurs tick, labour certification and supply issues, provincial landlord and tenant legislation, taxation policy, etc., etc. If a single expert on housing exists, I’ve yet to meet them.

Bank of Nova Scotia missed fiscal fourth-quarter profit estimates as the company set aside more money than expected for potentially souring loans.

The surging cost of living doesn’t just have more Canadians turning to shelters and food banks for help — it’s also forcing charities themselves to do more with less, as the donors they rely on find their own budgets under pressure.

Scotiabank reported its fourth-quarter profit fell compared with a year ago as the amount it set aside to cover bad loans more than doubled.

Investing.com — U.S. futures traded largely flat Tuesday, as investors awaited details of retail sales on Cyber Monday as well as more comments from a number of Fed officials.

Throughout the year, the media has predominantly focused on and highlighted large-cap stocks, especially those in the technology and artificial intelligence sectors, given their excellent YTD returns.

how to distribute finances from wealthy countries, which have been responsible for the vast majority of carbon emissions, to vulnerable nations that are bearing the brunt of their impact. Although those negotiations will be vital for a just transition to a decarbonized global economy, socioeconomic inequalities within borders should receive equal attention.

Sri Lanka has paved the way for a $4.5 billion investment by China in Hambantota. The town, which also houses a port that was leased to a Chinese state-owned shipping company in 2017, is at the heart of India’s concerns about growing Chinese influence in New Delhi’s strategic backyard. Mint take a look at the announcement and its implication.

“Telecom players want to transform internally to meet consumer & enterprise demand for reliable digital services but challenges with complex systems, inorganic growth, disparate operations, and siloed functions impede transformation. The need for a Telecom-Native, 360-degree partner to drive holistic outcomes across IT, digital, operations, network, and data is paramount. We believe this recognition by Gartner reaffirms Prodapt’s proven expertise in delivering these for telcos," said Harsha Kumar, CEO of Prodapt. “CSP CIOs and other technology leaders should identify more-relevant IT service providers, in sourcing for new projects and initiatives, by checking their service and capability focus areas, strength of industry prioritization, regional relevance, company size, and DNA," says analyst Jouni Forsman in the Gartner report. Prodapt’s clients include the largest global CSPs, hyperscalers, Network Equipment Providers, and technology enterprises including social media, search platforms, and digital-native companies.

(Reuters) -General Motors is to scale back spending on its self-driving unit Cruise after a pedestrian accident last month, Financial Times reported on Tuesday.

State Street Global Advisors announced that it has hired Invesco’s global head of ETFs to be its new chief business officer.

NAHB CEO Jim Tobin discusses the state of the housing market, American homeownership, and using family money for home down payment.

passive investment schemes, according to three sources with direct knowledge of the matter. Proposed new rules would also allow existing fund houses to hive off their passive investment schemes into separate entities to take advantage of the looser regulation, these people said. The Securities and Exchange Board of India (SEBI) will seek public comments on the proposals before finalising the rules, the sources said, declining to be identified as they are not authorised to speak to the media.