Target Financial News

26.07 / 14:19

COST Target Action economy Trade Russia's Central Bank hikes interest rate as inflation soars

Russia’s Central Bank has raised its key lending rate to the highest level in more than two years to stem soaring inflation in an overheated economy hit by Western sanctions in response to Moscow’s military action in Ukraine

26.07 / 12:56

Target Discover Features Manhattan diamond dealer charged in scheme to swap real diamonds for fakes

A Manhattan diamond dealer with a history of gemstone fraud has been indicted in what officials described as a scheme to swindle his fellow merchants out of nearly half a million dollars

26.07 / 10:38

Target security President Olympics prevention Traffic boating Sabotage hits France’s rail lines as Olympics begin

PARIS—France’s rail network was the target of a massive act of sabotage Friday, the day of the opening ceremony of the Olympic Games, officials said, bringing service on several high-speed rail lines to a halt in outages that are expected to last for days. Officials said fires were set at around 4 a.m. local time at several places around the country’s rail network.

26.07 / 10:24

Target Manufacturing Sustainability wellness Profiles FY25 Budget confirms new govt's commitment to reducing fiscal deficit: Fitch

Fitch Ratings on Friday said India's post-election budget confirms that the new administration remains committed to reducing the fiscal deficit for FY25 and FY26, despite demands of the coalition government. In the FY25 budget, the government has lowered the Centre's fiscal deficit target for the year ending March 2025 to 4.9 per cent of GDP, from 5.1 per cent in February's interim budget.

26.07 / 10:01

Target Waters War Divinity BABA reports Kargil Plateau Nath Baba: Indian Army is maintaining this miraculous temple where bombs don't explode

divine guidance during challenging times. One such place is the "Plateau Nath Baba Mandir," located downhill of Kargil town. This temple, believed to possess miraculous protective powers, has saved troops from bombardment since the 1971 war and the 1999 Kargil War, as none of the numerous bombs landing near it have exploded. Soldiers stationed near the site believe the temple’s divine aura shields them from harm, earning its reverence among the Army and locals. The Punjab Regiment, currently guarding higher posts on the Line of Control at Kargil, maintains the temple.

26.07 / 08:49

Target security travelers Traffic International athletics France's train network paralysed by coordinated attacks just before Olympics opening ceremony; Here's what we know

Paris Olympics kicked off, a series of coordinated vandalism acts severely disrupted France's high-speed rail network. The incidents, which involved deliberate arson attacks, specifically targeted essential installations on major rail lines connecting Paris with cities such as Lille, Bordeaux, and Strasbourg. The disruption has caused significant delays and cancellations of train services, greatly affecting passengers and athletes traveling for the international event. In response, SNCF, the state-owned railway operator, has urged travelers to postpone their journeys until further notice.

26.07 / 06:40

UPS Target performer reports recommendations rights Tech Mahindra shares tumble over 5% after lower-than-expected Q1 performance. Should you invest?

Tech Mahindra on Friday slipped 5.5% to its day’s low of Rs 1,445.50 after reporting a 23% year-on-year (YoY) jump in its PAT at Rs 851 crore in the June quarter, which was slightly below the Street estimate of Rs 870 crore. Revenue from operations was down 1% YoY to Rs 13,005 crore in the April-June 2024 period, while on a sequential basis, the profit after tax increased 28% and revenue rose 1%.

26.07 / 06:40

Target Digital Research Trade track reports rights Cyient shares decline 9% on weak Q1 results. What should investors do?

Cyient shares plunged 9% to Rs 1724 in Friday's trade after the company posted a drop in June-quarter profit due to delays in project execution. The company reported a 23.8% sequential drop in its first-quarter net profit at Rs 144 crore. On a year-on-year (YoY) basis, the profit for the Hyderabad-based firm declined 18.6%.

26.07 / 06:30

Target SUN Food Immunic patient Pharmaceuticals Sun Pharma's drug to treat alopecia areata gets USFDA nod

Sun Pharmaceutical Industries Ltd on Friday said the US health regulatory has approved its LEQSELVI (deuruxolitinib) drug for the treatment of adults with severe alopecia areata. The approval by the US Food and Drug Administration (USFDA) is for LEQSELVI (deuruxolitinib) 8 mg tablets, Sun Pharma said in a regulatory filing.

26.07 / 06:15

markets Provident Target Manufacturing Enterprise country Department BSNL’s subscriber count is surging. These four stocks could benefit.

Indian telecom market operates as an oligopoly, with a few major players offering similar services and greatly affecting pricing. When one company lowers prices the others typically follow suit, but the reverse is not always true. We saw an instance of this when Reliance Jio entered the market, prompting price cuts across the board.

26.07 / 06:02

markets UPS Target WhatsApp Bill reports Buy Au Small Finance Bank, target price Rs 675: JM Financial

Au Small Finance Bank with a target price of Rs 675. The current market price of Au Small Finance Bank Ltd. is Rs 641.9. Au Small Finance Bank Ltd., incorporated in the year 1996, is a banking company (having a market cap of Rs 47595.63 Crore).

26.07 / 05:52

Target BLOCK Trade show country reports recommendations Sobha shares fall over 4% amid block deal

realty firm Sobha fell 4.5% to Rs 1,779 in Friday's trade on the BSE following reports of a block deal. While the buyers and sellers in the transaction are not confirmed, media reports suggested that Anamudi Real Estate LLP, wholly owned by the Godrej family, is likely to sell 5% of its 9.9% stake in Sobha through block deals.

26.07 / 04:48

markets UPS Target WhatsApp reports Hold Supreme Industries, target price Rs 6087: Anand Rathi

Supreme Industries with a target price of Rs 6087. The current market price of Supreme Industries Ltd. is Rs 5420.35. Supreme Industries Ltd., incorporated in the year 1942, is a Mid Cap company (having a market cap of Rs 68547.51 Crore) operating in Plastics sector.

26.07 / 04:30

markets Target FIVE trends Trade Experts F&O stocks to buy today: MCX, HDFC Life among top 5 trading ideas for July 26, 2024

Nifty has declined for the past five days, but strong Wall Street cues suggest a rebound this Friday. The benchmark Sensex and Nifty indices are expected to open flat to positive on July 26, following GIFT Nifty trends, which indicate a gain of 20 points for the broader index. Yesterday, FIIs were net sellers of Rs 2,605 crore, while DIIs were net buyers of Rs 2,432 crore. Nifty options data points to a trading range of 23,500-25,000, with major resistance at 24,800.

26.07 / 03:36

markets Target FIVE trends Experts recommendations Stocks to buy or sell: Sumeet Bagadia recommends five breakout stocks

Breakout stocks to buy or sell: Following weak global stock market trends on a tech-fuelled sell-off at Wall Street, the Indian stock market ended lower for the fifth straight session on Thursday. The Nifty 50 index ended almost flat at 24,416; the BSE Sensex lost 109 points and closed at 80,039, whereas the Bank Nifty index crashed 423 points and finished at 50,893. According to Sumeet Bagadia, Executive Director at Choice Broking, the Nifty 50 index must remain above 24,150 to 24,200 zones to maintain the positive Indian stock market trend.

26.07 / 03:17

markets Target economy Sustainability country reports International India mustn’t lose time on a climate finance taxonomy

India’s climate ambitions are as vast as its challenges. The threats of rising sea levels, erratic monsoons and extreme heatwaves loom large. Trillions in investment are needed to mitigate these and transition to a low-carbon economy.

26.07 / 03:03

markets Citi Target Strategy economy Olympics shock Fiscal policy: Don’t let rings be run around the budget deficit

It’s the season of clear targets, quick wins and instant applause, as the Olympics of 2024 kick off in Paris, a city aflutter with flags bearing their famous ‘rings of unity.’ Among other virtues, the Olympic Games offer us a contrast with economic frames, which have complex targets, slow wins and patchy applause. So much so that our heads can begin to spin if rings get run around what’s good for the economy, as if the data overload of every budget is not heavy enough.

26.07 / 01:43

markets COST Target Gap security show Benchmark g-sec yield eases further following Budget announcements

benchmark sovereign bond yield retreated Thursday, closing at 6.951%, following budgetary announcements that sought to narrow the fiscal gap through judicious use of the bumper surplus the government received from its money manager — the central bank. The yield on the 10-year benchmark government security has eased 23 basis points so far in 2024. Bond yields stood at 6.96% on Wednesday. One basis point is 0.01%.

26.07 / 01:30

markets Target FIVE Manufacturing security Research wellness Brokerage Picks: Stocks likely to gain big from Budget measures

infrastructure spending and increased focus on agricultural research and horticulture. The consumption sector is also expected to benefit from certain incentives announced, while housing finance and cement stocks are likely to be among key beneficiaries. Here are 15 stocks, five each from the large-cap, mid-cap, and small-cap segments from leading brokerages that could be key beneficiaries of the budget measures. JM FINANCIAL SERVICES RESEARCH

26.07 / 01:21

Provident Target Digital Platform Bill social information Coming law could tag you a digital news broadcaster

HT has seen a copy of the bill which the government has shared with stakeholders. It attempts to address the ambiguity created by the first draft (released for public consultation in November 2023) on this aspect by defining “professional"—a person engaged in an occupation or vocation—and “systematic activity" as “any structured or organized activity that involves an element of planning, method, continuity or persistence".

25.07 / 21:00

markets Target FIVE Manufacturing Sustainability Boxing rights View: Budget 2024 ticks all the boxes, will push Viksit Bharat goal

budget 2024 does just that. For me, there are four key take-aways as I go through the budget details.

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