New York Knicks fans are making up for lost time.

The Knicks won their first NBA championship in 53 years on Saturday night after years of hope, heartbreak, and facepalms.

But the wait was well worth it, and fans are making sure this year’s run is remembered forever. 

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Knicks championship gear broke Fanatics’ record for the most sold by any title winner in the four major sports within 24 hours, surpassing last year’s Philadelphia Eagles. They are also on pace to become the company’s top-selling overall sports champion ever, which would eclipse the previous best Chicago Cubs in 2016.

Fanatics took in more than 8,000 orders per minute after the clinch, a new company record.

The Knicks have already more than doubled the sales of the company’s previous best-selling NBA Finals champion, the Los Angeles Lakers in 2020. 

KNICKS STAR JALEN BRUNSON’S SISTER DUNKS ON CRITICS AS NEW YORK WINS NBA CHAMPIONSHIP

New York took down the San Antonio Spurs in five games, overcoming double-digits in each victory. In fact, the Knicks spent more time trailing by double digits (over 62 minutes) than actually leading (roughly 56 minutes) in the series.

The title run warranted Game 3 becoming the most expensive secondary-market sporting event on record, with the get in price over five figures.

New York won 15 of its final 16 games to win the championship, including 13 consecutive at a point. The streak was snapped in that Game 3 contest, and they almost lost two in a row for the first time since the first round, but they stormed back from 29 points down to complete the largest comeback in NBA Finals history.

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The Knicks will celebrate their title with their official championship parade on Thursday morning – although Jose Alvarado was already a part of the Puerto Rican Day Parade with NYC Mayor Zohran Mamdani.

The Department of Intellectual Property led Thai GI producers to Shanghai to boost exports. They secured a 500-ton durian purchase and discussed innovations with Huawei to enhance intellectual property administration.

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Key Points

• The Department of Intellectual Property (DIP) from Thailand led a trade mission to Shanghai, China, to boost exports for premium Thai agricultural products, featuring a business matching event with 16 Chinese fruit importers at Huizhan Fruit Wholesale Market.
• Notably, a memorandum of understanding was signed for 500 tons of durian from Sisaket Volcano Durian, with Thailand showcasing products from six provinces. Thailand has over 260 registered GI products, valued at over 116 billion baht, with fruit representing 45%.
• Delegates also met with Huawei Technologies to discuss using AI and digital innovations to enhance Thailand’s intellectual property administration, focusing on improving trademark and patent processes while learning from Huawei’s expertise in innovation and R&D.

The Department of Intellectual Property (DIP), under the Ministry of Commerce, led Thai geographical indication (GI) producers on a trade mission to Shanghai, China, to expand export opportunities and improve market access for premium Thai agricultural products.

A key highlight was a business matching event with over 16 Chinese fruit importers at Huizhan Fruit Wholesale Market, a major distribution hub in Eastern China with annual trade exceeding 100 billion baht.

​During the mission, producers from Sisaket Volcano Durian and Huizhan Market signed a memorandum of understanding to purchase in advance 500 tons of durian. The delegation also showcased GI products from six provinces in Thailand.

​Thailand has over 260 registered GI products, generating more than 116 billion baht in economic value. Fruit products represent about 45 percent of all registered GI goods. Ongoing Chinese demand for quality, safety, and traceability continues to drive growth opportunities for Thailand’s GI sector.

​The delegation met with Huawei Technologies to explore the use of artificial intelligence, cloud systems, and digital innovations to strengthen Thailand’s intellectual property administration. Discussions focused on improving trademark and patent examination processes and learning from Huawei’s experience in leveraging intellectual property for innovation and business growth.

​Huawei is a leading example of innovation-driven growth, allocating 21.8% of its annual revenue to research and development, employing over 114,000 R&D personnel, and holding more than 165,000 patents worldwide.

Source : Thailand Secures 500-Ton Purchase Commitment for Durian Exports to China

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The four companies that emerged from Anil Agarwal-led Vedanta’s mega demerger, Vedanta Oil & Gas, Vedanta Power, Vedanta Aluminium Metal and Vedanta Iron & Steel, made their stock market debut on Monday on the BSE and NSE. All four stocks have been placed in the Trade-to-Trade (T2T) segment, where every transaction results in compulsory delivery.

Brokerages believe the demerger could unlock significant value for shareholders by allowing investors to directly choose their preferred commodity exposure.

“Apart from simplifying the corporate structure, this will allow investors to invest in their preferred commodities. Furthermore, the company is on the verge of reaping the twin benefits of volume augmentation and cost optimisation across verticals. This will likely be supported by continuous deleveraging and consistent growth capex. This, along with rising commodity prices, could potentially drive upside revisions in our estimates,” ICICI Securities said in a note.

While existing Vedanta shareholders have received shares in all four demerged entities, analysts have begun identifying their preferred bets for investors who missed the demerger opportunity.

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Which post-listing Vedanta demerger stock should you buy?

Sunny Agrawal, Head of Fundamental Research at SBI Securities, believes investors can consider buying Vedanta Aluminium Metal, citing robust aluminium capacity expansion and strong LME aluminium prices.

According to Agrawal, Vedanta Aluminium Metal commands a fair value of Rs 489 per share, making it the most attractive among the demerged entities. He values Vedanta Power at Rs 44 per share, Vedanta Oil & Gas at Rs 42 per share and Vedanta Iron & Steel at Rs 19 per share.
ICICI Securities echoed a similar view, calling aluminium the group’s ‘crown jewel’. The brokerage is most bullish on the aluminium segment, as the ongoing war could lead to a higher-than-expected aluminium supply deficit. This, coupled with better coal integration, presents upside potential to estimates. “Furthermore, we expect debt to maintain a downward trajectory, despite projected annual group-level capex of $1.8-2.0 billion,” the brokerage said.Domestic brokerage ICICI Direct also singled out Vedanta Aluminium as the standout business among the demerged entities. It expects the company to list at a valuation of more than Rs 400 per share, supported by its significant contribution to group revenues and margins, favourable industry dynamics, elevated aluminium prices, tight global supply and ongoing capacity expansion-led volume growth.

Nuvama, meanwhile, expects Vedanta and Vedanta Aluminium to remain large-cap stocks, while Vedanta Power, Vedanta Oil & Gas and Vedanta Iron & Steel are likely to enter the market as small-cap companies. The brokerage highlighted that mutual fund flows are likely to be skewed towards the two large-cap entities, while the smaller demerged businesses may see relatively limited participation.

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What do Vedanta demerged companies do?

Vedanta Aluminium Metal – It is India’s largest aluminium producer, according to the company. In FY25, it produced 2.42 million tonnes of aluminium, accounting for more than half of India’s total aluminium output.

The company operates a 5 MTPA alumina refinery in Odisha’s Kalahandi district and the world’s largest aluminium plant at Jharsuguda, Odisha, with a capacity of 1.85 MTPA. It also operates Bharat Aluminium Company Limited (BALCO) in Chhattisgarh.

Vedanta Power – It has more than 4 GW of installed capacity across four strategic assets located in Punjab, Andhra Pradesh, Chhattisgarh and Odisha. It also has several long-term and medium-term Power Purchase Agreements (PPAs) with state utilities.

Vedanta Power is expected to command a market capitalisation of Rs 17,466 crore at the time of its market debut, according to Nuvama. Domestic brokerage Emkay estimates a value of around Rs 51.7 per share, while Kotak Institutional Equities pegs it at Rs 60 per share. Nuvama’s valuation implies a value of around Rs 47 per share, while CLSA’s estimate corresponds to roughly Rs 35 per share.

Vedanta Oil & Gas – The company claims it is India’s leading private-sector upstream player and aims to scale production to 300,000-500,000 barrels per day through an investment of $5 billion.

Vedanta Iron & Steel – The company has operations spanning India and Africa and is focused on iron ore exploration, mining and processing. The company also produces high-quality steel, wire rods, TMT bars, pig iron, ductile iron (DI) pipes, ferro-silicon, cement and metallurgical coke.

Analysts believe the iron and steel business may attract relatively less investor interest, as larger and more focused players in the sector present a stronger investment case.

The shares of these Vedanta demerged entities will participate in a special pre-open session meant for newly listed companies before regular trading commences. These shares will be in the Trade-to-Trade segment for 10 trading days.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)