Major edible oil firm Gemini Edibles plans Rs 1,800 crore IPO

Monday, 10 May 2021, 15:06:00
Four investment banks – Nomura, Axis, Credit Suisse and Kotak have been hired to run the process. A draft red herring prospectus (DRHP) for the Rs1500-1800 crore IPO will be filed by next month, said multiple people aware of the development.
— Economic Times India

Credit Suisse says buy these 15 stocks that represent its analysts' ‘highest-conviction' calls and are set to outperform despite the market's doubts

Sunday, 9 May 2021, 12:30:00
Summary List Placement Analyst consensus can be a valuable tool for investors. By pooling the opinions and ideas of some of the smartest minds on Wall Street, analyst consensus allows the average investor to build a case for their own investment ideas. After all, if a large group of professional analysts likes a stock, why shouldn't you? But analyst consensus is a double-edged sword. When everyone sees the upside to a stock, the market may push the price too high, and your potential investment can become overvalued. So, the trick is to find a stock that not only has strong fundamentals and catalysts that will propel its business forward, but also has been overlooked or underestimated by the rest of the market. That's what makes a list like the one below an incredibly powerful asset for smart investors. And in a market that continues to climb to record highs regardless of what's thrown at it, investors could use some help finding attractive bargains. Credit Suisse recently compiled its US research analysts' “highest-conviction outperform ideas” from all across the stock market into one list.
— Business Insider

The Week In Cannabis: The New Tilray, Jazz-GW Pharma, Earnings, M&A, And More

Friday, 7 May 2021, 23:36:03
This was an eventful week for the cannabis industry. On Monday, Tilray, Inc. (NASDAQ: TLRY ) and Aphria, Inc. (NASDAQ: APHA ) closed their merger after months of negotiations, creating a company with a combined market cap of $3.3 billion. Benzinga spoke with Irwin Simon, CEO of the new combined company. Check out the video below: Following the merger, Jefferies upgraded the rating for Tilray from Underperform to Buy, while raising the price target from $4.77 to $23. Jazz Pharmaceuticals (NASDAQ: JAZZ ) finalized its acquisition of GW Pharmaceuticals plc. (NASDAQ: GWPH ), the producer of the FDA‑approved prescription cannabidiol drug Epidiolex, for $7.2 billion or $6.7 billion net of GW Pharma's cash. Meanwhile, Ascend Wellness Holdings (CSE: AAWH) started trading on the Canadian Securities exchange following a raise of approximately $80 million through an initial public offering of roughly 10 million shares of its Class A common stock at $8 per share. Benzinga Cannabis’ content is now available in Spanish on El Planteo .
— Benzinga

Credit Suisse Group AG Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Securities Fraud Class Action Lawsuit Filed Against Credit Suisse Group AG

Friday, 7 May 2021, 20:08:00
RADNOR, Pa., May 7, 2021 /PRNewswire/ — The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors of Credit Suisse Group AG (NYSE: CS ) (“Credit Suisse”) that a securities fraud class action lawsuit has been filed on behalf of those who purchased or acquired Credit Suisse American Depositary Receipts (“ADRs”) between October 29, 2020 and March 31, 2021 , inclusive (the “Class Period”). Lead Plaintiff Deadline: June 15, 2021 Website: https://www.ktmc.com/credit-suisse-class-action-lawsuit?utm_source=PR&utm_medium=Link&utm_campaign=credit_suisse Contact: … Full story available on Benzinga.com
— Benzinga

European states expand medical support to India

Friday, 7 May 2021, 17:12:35
India’s key partners from Western and Central Europe – Switzerland, Netherlands and Poland – on Friday sent medical support as part of EU’s effort to assist India to fight the second surge of Covid.The EU, on the eve of its landmark summit with India on Saturday, has assured additional medical support. The summit is expected to focus on measures to handle pandemic.A cargo aircraft carrying more than 13 tons of medical supplies from Switzerland arrived here on Friday. Swiss Humanitarian Aid has sent several hundred oxygen concentrators and 50 respirators, worth about CHF 3 million (approx. USD 3.3 million), to assist hospitals in India. The consignment comprises 600 oxygen concentrators, purchased by Swiss Humanitarian Aid from private sector suppliers, and 50 respirators donated by the Federal Department of Defence, Civil Protection and Sport (DDPS), according to a Swiss government support.The medical supplies provided by Switzerland will be received by the Indian Red Cross and distributed to hospitals by the ministry of health, which is responsible for coordinating international medical aid, officials told ET.Swiss Ambassador told India Dr.
— Economic Times India