Senior bureaucrat Tuhin Kanta Pandey has been appointed as the new finance secretary, replacing T V Somanathan who was appointed as the Cabinet secretary. Pandey, a 1987-batch IAS officer currently serving as the secretary of the Department of Investment and Public Asset Management, will now take on the role of finance secretary as per the convention of appointing the senior-most secretary in the Union finance ministry to the position.
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Why Lumentum Holdings Stock Bounced 5% Higher Today
Lumentum Holdings saw its stock soar over 5% on Monday, driven by bullish analyst notes including an upgrade to outperform with a $70 price target by Northland analyst Tim Savageaux. Stifel also provided positive feedback on the company's prospects in the optical field, dispelling the notion of optical transceivers being obsolete. With increasing data transmission demands, Lumentum appears well-positioned to capitalize on these trends, making it a compelling company to monitor for potential growth. Full...
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