Target Financial News

Mint. The talent war is playing out between Indus Law, Cyril Amarchand Mangaldas, JSA Advocates & Solicitors, Khaitan & Co, Trilegal, Shardul Amarchand Mangaldas & Co and even boutique firms built by erstwhile senior partners of these law firms. There are multiple reasons, including the increase in M&As, regulatory filings, expansion of smaller firms that need legal help to set up different businesses, among other things. As a result, senior partners are setting up boutique firms and offering equities to former colleagues to leave the more established practices and join their new ventures.

Doge2014 is paying tribute to ten years of trading Dogecoin. The token is designed to bring back the feeling that Dogecoin gave when it was launched in 2014.

CreditAccess Grameen with a target price of Rs 1555. The current market price of CreditAccess Grameen Ltd. is Rs 1179.5. CreditAccess Grameen Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 18798.64 Crore) operating in NBFC sector.

Ujjivan Small Finance Bank with a target price of Rs 52. The current market price of Ujjivan Small Finance Bank is Rs 43.96. Ujjivan Small Finance Bank Ltd., incorporated in the year 2016, is a banking company (having a market cap of Rs 8495.57 Crore).

Sajad Lone on Thursday released a party manifesto promising to fight for the restoration of Article 370, 35 (A), statehood and setting up a judicial commission to probe into the rigging of 1987 elections. Lone released a 12 point manifesto here is Srinagar and claimed that the party plans to field its candidates on 20 to 25 seats in the upcoming three-phased assembly elections in 90 constituencies, starting from September 18. Lone himself is likely to fight on two constituencies of Handwara and Kupwara in northern Kashmir. “Our main focus of the manifesto is dignity and development. We will undertake all exhaustive measures to pursue the cause of restoration of Article 370, 35 (A) and statehood,” said Lone. He further said that the political parties will have to unitedly agitate for restoration of Article 370. “I also feel that Article 370 has been defamed and blemished for ever. I hope that a day will come when J&K will have a solution at par with Article 370,” he said.

Vodafone Idea and Bharti Airtel respectively. At the same time, Jefferies has maintained a buy and a hold rating on Bajaj Finance and M&M Finance respectively.

debt firm VentureSoul Partners has completed the first close of its Rs 600 crore maiden fund, raising Rs 146.5 crore. The fund plans to make debt investments in approximately 25 startups, with an average cheque size of Rs 20-25 crore, founder Kunal Wadhwa told ET. VentureSoul Partners, founded by former banking professionals Anurag Tripathi, Ashish Gala, and Wadhwa, is a Sebi-registered Category II Alternative Investment Fund (AIF). The firm is targeting a corpus of up to Rs 300 crore, with an additional Rs 300 crore in greenshoe options.

Ather Energy has set an ambitious valuation target of $2-2.25 billion (about ₹16,800-19,000 crore), as the electric scooter maker prepares to file its draft prospectus next week for an initial public offering (IPO), said people familiar with the matter. The Bengaluru-headquartered startup is looking to raise ₹3,500-4,000 crore through the IPO which will comprise a fresh issue and an offer for sale by existing shareholders. Funds raised through the fresh issue would be used partly for capacity expansion, the people said.

New Delhi: Startups and entrepreneurs working on blockchain applications and products appear to have perked up, after more than two years of subdued enthusiasm for web-3 technologies. This much-needed booster for India’s blockchain upstarts has come in the form of the National Blockchain Framework, unveiled on Wednesday by information technology secretary S.

Cybercriminals are turning their focus to small and medium enterprises (SMEs) as large organisations bolster their cybersecurity infrastructure, maintain data redundancy, invest in cyber insurance, and refuse to pay ransom. Hacker groups like Lockbit, BlackCat and Akira are increasingly targeting SMEs in healthcare, retail and manufacturing, who sometimes remain unable to regain their IT systems even after paying ransom. Attacks on SMEs (with 100-5,000 employees) have significantly risen in India and accounted for nearly half of all such incidents in 2023. Among large organisations, only 10% of those attacked paid ransom, whereas with SMEs, 44% ended up paying amounts ranging between $25,000 and $100,000, according to data from cybersecurity firms.

The Federal Reserve should cut interest rates by 50 basis points at its September meeting, according to JPMorgan's Michael Feroli.

The heads of some of Canada’s biggest banks say they’re focusing on organic growth instead of heavily relying on acquisitions in the United States amidst the ongoing economic uncertainty.

₹50 lakhto resolve their tax disputes online in less than six months and even get any potential penalty or prosecution waived. The new scheme is meant to be faster and easier than filing an appeal with the Commissioner of Income Tax (Appeals) – CIT(A) – but one particular condition makes it the less attractive option and begs the question: is this just another toothless provision from the tax department? Until now, when a taxpayer received an assessment order demanding unpaid tax, interest or penalties on their additional income, they could file an appeal and make their case to avoid paying the penalty, if any.

Sebi employees on Thursday gathered around the headquarters of the markets regulator in Mumbai and staged a silent protest demanding the withdrawal of Wednesday's statement blaming «external forces» for the protest and also sought the resignation of their boss Madhabi Puri Buch. After The Economic Times reported that Sebi officials made an unprecedented complaint to the finance ministry last month and accused the top leadership of fostering a toxic work culture, the regulator issued a press release on Wednesday evening saying that HRA (house rent allowance) issues of staff are being misguided by external elements to target credibility of Sebi and its leadership.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

PNB Housing Finance surged 5.4% to hit a 52-week high of Rs 1,109.9 in Thursday's trading on the BSE. The rally came after the company announced plans to raise nearly Rs 2,500 crore through non-convertible debentures (NCDs) on September 9. In an exchange filing, the company stated, «A meeting of the board of directors is scheduled for Monday, September 9, 2024, to consider and approve the issuance of Non-Convertible Debentures up to Rs 2,500 crore on a private placement basis, in tranches over the next six months.»

Shares of Cholamandalam Investment and Finance Company on Thursday surged 4.3% to their new all-time high of Rs 1,549 after the global brokerage firm Goldman Sachs initiated coverage on the stock with a target price of Rs 1,786. The target price signals an upside potential of 20% from Wednesday’s closing price of Rs 1,485.55.

Vedanta on Thursday rose 2% on the BSE, reaching an intraday high of Rs 469.40, following an announcement that the company received a long-term rating upgrade from ICRA on the expectation of improvement in the company's credit metrics. The rating for its 'Longterm/S term –Unallocated limits' instrument was upgraded to [ICRA]AA from [ICRA]AA-/[ICRA]A1+ rating watch with developing implications. The Longterm–Fund based –Term loan instrument was upgraded to [ICRA]AA from [ICRA]AA- and continues on rating watch with developing implications. As for Commercial Paper the rating was upgraded to ICRA]A1+ rating watch with developing implications.

Zomato rallied 7.6% on the BSE today, reaching an intraday high of Rs 261.50, after JPMorgan raised the stock’s target price to Rs 340 from Rs 208, while maintaining an overweight rating. JPMorgan stated that Zomato is leading rapid retail consumer transformation through convenience-focused Quick Commerce. The company is expanding its presence across all metros after successfully proving the model in NCR.

The Bank of Canada cut interest rates for a third consecutive time by 25 basis points on Wednesday, leaving its benchmark lending rate at 4.25 per cent.

A group of Atlantic City casino workers seeking to ban smoking in the gambling halls will launch an advertising campaign featuring their children