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With middle east tensions showing no signs of cooling off, investors, both local and global, appear to be concerned about the fallout of any escalation in the conflict, leading to a spike in crude oil prices and an 18% rise in the India VIX, also referred to as the Fear Index, WoW.
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Shares of Ola Electric Mobility fell 9.4% amid a heated exchange between CEO Bhavish Aggarwal and comedian Kunal Kamra over service issues of Ola scooters. Kamra criticized the service quality, while Aggarwal accused Kamra of posting a paid tweet. The dispute highlights the EV industry's customer service challenges.
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Investec maintains a hold rating on Titan with a target price of Rs 4,100, expecting strong revenue growth but muted PAT. The jewellery segment sees good growth, but a weak studded mix may dent margins. Watches and wearables grew 19% YoY, while eyewear lags behind. Emerging businesses posted double-digit growth, with fragrances up 19% and fashion accessories up 11%.
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News and Media
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