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Starboard Value has built a stake in News Corp and the activist shareholder plans to push for strategic and governance changes at the Wall Street Journal parent. Starboard believes News Corp, one of the two arms of Rupert Murdoch’s media empire, trades at a significant discount to its fair market value due to its conglomerate structure, according to people familiar with the matter. Starboard plans to recommend News Corp spin off its digital-real-estate division, which includes a stake in Australian online-property-site operator REA Group and Realtor.com parent Move Inc.

Activist investor Starboard Value has acquired a significant stake in News Corp (NASDAQ:NWSA) and intends to advocate for strategic and governance changes at the company, which owns the Wall Street Journal and is part of Rupert Murdoch's media empire.

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Paytm to Rs 1,250, signalling a potential upside of about 30% from current levels, global brokerage firm Goldman Sachs said it expects the fintech major to be the most profitable company within the internet sector. «Paytm’s operating metrics have been surprisingly positive, and we are further raising our FY24-26E EBITDA estimates by 2-5%, with our target price moving to Rs 1,250 (was Rs1,200),» Goldman said, adding that it has a forecast of 30% YoY revenue growth for Paytm in Q2. Paytm is seen turning net income positive in FY25, which could be a catalyst for the stock. «At 37x FY26 P/E, Paytm trades at a 20%/50% discount to Zomato/Nykaa, which we do not see as justified given Paytm’s growth profile (26% FY23-25E revenue CAGR),» Goldman said. Besides continued momentum in lending and payments, resolution of outstanding regulatory issues (customer onboarding ban on Paytm Payments Bank or online merchant onboarding ban), and/or inclusion of a bank as a lending partner could act as catalysts for Paytm. The stock has rallied over 76% so far in the calendar year 2023. «Investor pushbacks have been around negative impact on Paytm from a potentially adverse credit cycle, and while we expect Paytm to prioritize credit quality over growth, we expect FY25 financial services revenues to still grow 36% YoY (vs 61% in FY24),» Goldman analysts said. Global brokerage Bernstein recently added Paytm in its list of 12 bottom-up ideas for the rest of the year saying that the company appears to be on the right side of disruption with its dominant payments platform and a head start in digital credit products. «Its underwriting and collection outcomes are impressive too, but remain untested through a full credit cycle.

₹17 apiece, which is around ₹4.70 per share higher from IFL Enterprises share price today. After the outbreak of this stock market news, IFL Enterprises share price witnessed heavy buying interest among Dalal Street bulls. IFL Enterprises share price today opened upside and went on to hit intraday high of ₹13.25 apiece on BSE, logging an intraday gain of near 17 per cent within few minutes of stock market's opening bell today.

Texmaco Rail & Engineering jumped 12% to Rs 150 in Monday's trade on BSE after the firm reported a consolidated net profit of Rs 24.6 crore, marking a 60% increase compared to the net profit of Rs 15.4 crore recorded in the same period last year. Its revenue from operations for the second quarter of FY24 saw a 66.32% growth, reaching Rs 805 crore compared to Rs 484.4 crore in Q2FY23.

Tata Elxsi Ltd. traded 0.19 per cent down at Rs 7430.05 at 12:22PM (IST) on Monday, even as BSE benchmark Sensex dropped 3.93 points to 66278.81. The stock had closed at Rs 7444.65 in the previous session.

HDFC Life and Goldman Sachs recommended a buy on Paytm. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Avenue Supermarts (D-Mart): Hold| Target Rs 3850 Jefferies maintained a hold rating on Avenue Supermarts (D-Mart) but raised the target price to Rs 3850 from Rs 3700 earlier post September quarter results. Q2 EBITDA was below estimates on lower GMs and higher staff costs. General merchandise and apparel mix remained muted which led to margin pressure. H1 SSSG at 8.6% is respectable with improving footfalls that is evident from higher per-store transactions. CLSA on ICICI Prudential Life Insurance: Buy| Target Rs 700 CLSA maintained a buy rating on ICICI Prudential Life Insurance with a target price of Rs 700.

Avenue Supermarts fell over 4% in the early trade on Monday to the day's low of Rs 3,772.75 after top brokerages highlighted sustained margin pressures in the company's operations while a couple of them cut their FY24 net profit estimates. Among them were Jefferies which reiterated a 'Hold' on the stock, citing concerns over the company's general merchandise & apparel mix business which drove margin pressure. Kotak Institutional Equities, though raised its price target, recommended a 'Sell' on the stock. Meanwhile, both Nuvama and Motilal Oswal cut FY24 profit after tax (PAT) estimates even as they maintained a buy rating on the counter.

Read HDFC Bank Q2 Results Live Updates here The creation of excess liquidity could affect the net interest margin of HDFC Bank in Q2FY24. However, margins should bounce back in H2FY24 as credit growth picks up and liquidity is utilized, analysts said. In its quarterly business update, HDFC Bank reported a robust 57.7% growth in its gross advances at ₹23.54 lakh crore as of September 30, 2023, rising from ₹14.93 lakh crore last year.

Dolly Khanna portfolio: With the beginning of Q2 results 2023 eason, retail investors are busy scanning portfolio of ace investors as it helps them understand the direction in which smart money has flown in the previous quarter. For such retail investors, there is a piece of stock market news. Ace investor Dolly Khanna has raised stake in one of her portfolio stocks Prakash Pipes.

Stocks that were in focus included names like HDFC AMC, which rose 3.52%, Britannia, which fell 2.23%, and Tata Consumer, whose shares jumped 2.15% on Friday. Here's what Pravesh Gour, Senior Technical Analyst at Swastika Investmart, recommends investors should do with these stocks when the market resumes trading today. HDFC AMC The counter is in a classical uptrend and a breakout of symmetrical triangle formation with strong volumes. The overall structure is very bullish as it trades above its all-important moving averages. One can take a position at CMP Rs 2855 as it created a strong base around Rs 2650 at 9 and 20-DMA for a target of Rs 3140. Infosys It is continuously forming higher highs and higher lows.

museum heist of a pair of ruby slippers that Judy Garland wore in the 'The Wizard of Oz' pleaded guilty Friday in a deal that could keep him out of prison due to his failing health, but only cleared up some of the mystery that dates back 18 years. Terry Jon Martin, 76, pleaded guilty to a single count of theft of a major artwork. The shoes were stolen in 2005 from the Judy Garland Museum in the late actor's hometown of Grand Rapids, Minnesota, and recovered by the FBI in 2018.

Buy or sell stocks for today: Following weak global market cues, Indian stock market finished lower on Friday last week. Nifty 50 index lost 42 points and closed at 19,751 levels, BSE Sensex shed 125 points and closed at 66,282 mark whereas Bank Nifty index corrected 311 points and closed at 44,287 levels.

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Parul Mittal Sinha, head-financial markets, India at Standard Chartered Bank. In an interview with Bhaskar Dutta, she said the Indian rupee will be relatively better performing despite the strengthening US dollar. Edited excerpts: The RBI sounds hawkish but when it comes to action it is not so harsh. How do you read the central bank? Our expectation is that the RBI will not do any more rate hikes. In the previous policy, they did mention that they are very focused on bringing inflation down. They think that their policy measures are taking effect; it's going to be a slower move than probably anticipated earlier. We think there isn't a need to raise the repo rate, but they will use other tools. OMO (open market operations) sales are one tool that they have spoken of in the latest policy. They have used ICRR (Incremental Cash Reserve Ratio) before; they'll probably do a CRR hike if required, but they have increased the hurdle to increase the repo rate itself.

BHP directors have been accused of going soft on top executives over the “underpayment” of staff, with proxy adviser CGI Glass Lewis telling the board it expects more “consequences” for the incident to be felt in next year’s pay.

Seasonal Affective Disorder (SAD), affects many individuals. Recent statistics reveal that a staggering two million people in the UK grapple with this condition, with a higher prevalence from October to April. SAD is not to be taken lightly, as untreated, it can cast a long shadow on lives even after the arrival of sunny days. In this article, we explore the ins and outs of SAD, what triggers it, and what you can do to fend off the winter gloom.

Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Tesla reaches a production milestone; OSHA violations plague GM plant; and VinFast buys a battery company.

Congress filed a police complaint on Sunday, claiming that a fake letter was made viral on social media to create the impression that its senior leader Digvijaya Singh resigned after the party released the first list of its candidates for the upcoming assembly polls. Earlier, the opposition party in MP released the first list of its 144 candidates, including Singh's son and sitting legislator Jaivardhan Singh, for elections to the 230-member assembly scheduled on November 17. «The BJP is good at speaking lies.