FIVE Financial News

Biocon to 'underperform' from 'hold'. However, Jefferies has maintained its target price of ₹250 for the stock, implying an 11 percent downside from its current market price of ₹281.50. "We downgrade Biocon to Underperform from Hold with an unchanged PT of ₹250.

light rainfall or drizzle in parts of the national capital today, February 21, Wednesday. The mercury settled at 12.2 degrees Celsius, normal for this time of the season. A cloudy sky is expected in the city with a likelihood of rain during the day, as per the weather forecast, PTI reported.

Swan Energy is one such stock that has delivered phenomenal returns to its long-term shareholders. Also Read: Hindalco shares jump 5% after Novelis files for IPO in the US The company's shares, valued at ₹120 apiece in November 2021, have surged by 518% to reach the current price of ₹742 per share. A significant portion of this increase occurred over the past five months, with the stock rallying from ₹287 per share to its current level, delivering a massive return of 160%.

Also Read | Live updates on Delhi Chalo Farmers Protest today Commencing their march to the national capital on Tuesday, farmers from Punjab faced hindrance from security personnel at the Shambhu and Khanauri border points, situated between Punjab and Haryana. General Secretary of Punjab Kisan Mazdoor, Sarwan Singh Pandher, on Wednesday reiterated the demand for a legal guarantee of minimum support price (MSP) and assured a 'peaceful' approach going ahead. The farmers' leader emphasized that all farmers would not proceed together in the 'Dilli Chalo' march; instead, only the farmer leaders would march towards the national capital.

Tear gas shells were fired by Haryana security personnel after some young farmers were heading towards the multi-layered barricades at the Shambhu border point at Punjab and Haryana on Wednesday. After Haryana Police lobbed tear gas canisters at around 11 am, young farmers ran for cover. Farmers, protesting at the two border points of Punjab and Haryana, will resume their 'Delhi Chalo' march today after they rejected the BJP-led Centre's proposal for procuring pulses, maize and cotton at the MSP by government agencies for five years. Thousands of farmers, who began the march to Delhi on February 13, were stopped at the Haryana border itself, where they clashed with security personnel. The farmers have been camping at the Shambhu and Khanauri points on Punjab's border with Haryana since then.

Manipur government on Wednesday extended the suspension of internet services in Churachandpur district for five days in view of the prevailing law and order situation in the district, following violence over an action taken against a policeman. A home department order, issued by Chief Secretary Vineet Joshi, said, «The state government after reviewing the prevailing law and order situation in Churachandpur district decided to continue suspension of internet services and services through VPN throughout the whole revenue jurisdiction of Churachandpur district.» Mobile service providers are also directed to ensure compliance with the order, it said. The government had first imposed a temporary suspension on internet services on February 16.

ICSE Class 10 Board exam will begin at 11 am-1 pm. In addition to the time Indicated on the Timetable for writing the paper, 15 minutes time is given for reading the question paper. The question paper may be distributed to candidates at 10:45 a.m.

Hindalco Industries: The company has decided to take its US subsidiary Novelis Inc. public, 17 years after the Aditya Birla group flagship snapped up the top aluminium maker that now fetches over half of its revenue. In a surprise announcement on Tuesday, Novelis said it has submitted a confidential filing for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC).

Tech Mahindra, its new chief aims to win back the mojo as a «credible challenger» in key sectors such as banking, financial services and insurance (BFSI), telecom and manufacturing focusing on differentiated capabilities. «Over the next few months, we are focussed on defining the purpose of the company, coming out with a strategic narrative for the company,» Joshi, chief executive officer and managing director of Tech Mahindra, told ET.

Aadhaar is not only one of the most vital KYC documents in the country for availing of government subsidies and benefits of various government-run welfare schemes, but also considered to be an important identity proof document across sectors as it includes important details of citizens like full name, permanent address, and date of birth, linked to a unique 12-digit number issued by the Unique Identification Authority of India (UIDAI). In 2018, the UIDAI introduced the concept of the ‘Baal Aadhaar’ card specifically tailored for children under the age of five. As the name suggests the Baal Aadhaar card is blue in colour, unlike the regular white Aadhaar card for adults.

LONDON (Reuters) — British businesses are more optimistic this year about their profits and broader economic growth than they were last year, an annual survey by Boston Consulting Group showed on Wednesday.

Karnataka Assembly on Tuesday passed a bill to slash the penalty on property taxes in Bengaluru city limits by 50 percent. The bill is titled Bruhat Bengaluru Mahanagara Palike (BBMP) Amendment Bill 2024. Deputy Chief Minister D K Shivakumar, who holds the Bengaluru development portfolio, tabled the bill in the Legislative Assembly. «With the passing of this Amendment Bill, the penalty amount is halved, saving Bengalureans a whopping Rs 2,700 crores. The BBMP will be able to collect penalties worth Rs 1000 crore,» a statement issued by Shivakumar's office said.

JSW Steel, Tata Steel, Adani Group-backed ACC Ltd and JK Cement Ltd are among the 27 companies which have submitted bids for coal mines under the latest round of coal mine auctions which included the ninth round and the second attempt for seventh round. A total of 27 mines were on offer in the ninth round, while bids were received only for 13 mines, according to a statement from the union ministry of coal. “Under 9th round, a total of 27 coal mines were put up for auction and 33 bids were received against 13 coal mines.

Indian farmers who have been protesting for a week to demand guaranteed crop prices have rejected a proposal from the government, and say they will continue their march to New Delhi

Tata Motors faltered due to what insiders describe as Volkswagen’s “slow pace" and a reluctance to relinquish operational control, leading to a loss of interest from the Indian players. The company’s India operations are helmed by the Skoda brand in the Skoda Auto Volkswagen India Group, which will soon announce the next phase of its India strategy. “India’s automotive landscape is characterized by a dominance of the top five OEMs, with a highly fragmented tail end of the market.

that discussion must continue and "we must find a solution to it peacefully..." ALSO WATCH: What Are Protesting Farmers Demanding From The Government "Everyone has their opinion and everyone is free raise their issues...It's natural for a person to get upset during discussions over those issues, but were are constantly trying that remain in touch, hold discussions to achieve our target with everyone's support," Arjun Munda told news agency ANI. The minister comment came a day before the farmers' union decided to resume their ‘Delhi Chalo’ march.

Arkhouse Management is nominating nine people for Macy’s board of directors, igniting a proxy battle after the department store operator rejected a $5.8 billion takeover offer from the investment firm and Brigade Capital Management

NEW DELHI : Delhi Police on Tuesday directed security personnel deployed at the city’s Tikri, Singhu and Ghazipur border points to stay alert after farmers threatened to resume their protest on Wednesday and march towards the capital. Farmers late on Monday rejected the government’s proposal to buy pulses, maize and cotton crops at guaranteed prices for five years, and announced they would continue with their ‘Delhi chalo’ agitation.

Vedanta, National Mineral Development Corporation (NMDC), Tata Steel traded lower on Tuesday, February 20 after data suggested that iron ore slumped to a three-month low as investors fretted that steel demand wouldn’t stage a strong recovery in China after the Lunar New Year break. Futures sank more than five per cent in Singapore to hit the lowest intraday price since early November, following a drop in the week’s opening session.

Tikri, Singhu and Ghazipur border points to stay alert and conducted mock drills on Tuesday, a day ahead of protesting farmer's proposed march towards the national capital. The move came a day after the protesting farmers rejected the Centre's proposal to buy pulses, maize and cotton crops through government agencies at minimum support price (MSP) for five years, and announced to continue with their 'Delhi Chalo' agitation on Wednesday. In the fourth round of talks with the farmer leaders on Sunday, a panel of three Union ministers proposed that government agencies would buy pulses, maize and cotton at the MSP for five years after entering into an agreement with farmers. Farmer leaders refused the proposal, saying it was not in favour of farmers. Delhi Police officials said security personnel deployed at the three borders were on Tuesday asked to stay on alert. They said commuters might face traffic congestion.

Gary Gensler is midway through his tenure leading the Securities and Exchange Commission through a shakeup of financial markets and middlemen, and amid historic changes in the players and what’s being traded. The SEC chair has completed just over half of his agenda. Here’s what Gensler has in mind for the rest.