Target Financial News

Earlier this year in January, the Reserve Bank of India’s flexible inflation targeting framework completed a decade as the primary determinant of Indian monetary policy. Informally adopted in January 2014 and officially in 2016, the framework has been the subject of considerable debate over the last few years. There really are two branches to India’s inflation targeting debate: the numerical target—4% in a band of 2-6%, and the measure of inflation itself, which is headline inflation as measured by the consumer price index (CPI).

KIRYAT SHMONA, Israel—On Friday, Israel’s vaunted aerial-defense system tracked 65 rockets fired across its northern border by the Lebanese militant group Hezbollah, intercepting some and letting the rest fall harmlessly into open areas. That same day, Israel missed a single drone it believes flew more than 1,000 miles from Yemen to explode in the commercial capital Tel Aviv. Israel has a problem with drones.

Delhi's bustling Sadar Bazaar has become the latest target for a notorious gang employing a unique tactic to commit theft. Known as the "Khujli Gang," these thieves use specially formulated powders to induce intense itching, diverting their victims' attention and providing an opportunity to steal their belongings, a TOI report stated.

fiscal deficit is expected to drop to 4.5 per cent of GDP or lower by fiscal 2026, according to the Economic Survey 2023-2024.

JSW Steel fell by 2.5% to its day’s low of Rs 866 in Monday's early trade on BSE after the company reported a 64% decline in its consolidated net profit at Rs 845 crore in the first quarter. The profit missed the Street estimates of around Rs 1,254 crore. Revenue from operations in the June quarter, however, increased 2% year-on-year (YoY) to Rs 42,943 crore.

IT sector and a significant presence of high-net-worth individuals (HNIs) have made Hyderabad a prime target for cybercriminals. In 2023, Telangana reported the highest share of malware attacks in India, accounting for 15% of the country's total, according to the latest India Cyber Threat Report.

Economic Survey 2024 which was tabled by Union Finance Minister Nirmala Sitharman on Monday stated that food inflation based on the Consumer Food Price Index (CFPI) increased from 3.8 per cent in FY22 to 6.6 per cent in FY23 and further to 7.5 per cent in FY24, suggesting a 97 per cent surge in the last two years.

Mint. “It will be remiss if we don't take advantage of the talent pool here." This comes at a time when tech hiring in India is slowing. Many IT firms and startups are downsizing or tightening their purse strings, offering low compensation and hikes.

Persistent Systems Ltd. with a target price of Rs 5700. The current market price of Persistent Systems is Rs 4589.9. Persistent Systems Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 70608.05 Crore) operating in IT Software sector.

Polycab India with a target price of Rs 8200. The current market price of Polycab India Ltd. is Rs 6261.5. Polycab India Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 95469.26 Crore) operating in Consumer Durables sector.

ICICI Lombard General Insurance Company with a target price of Rs 2200. The current market price of ICICI Lombard General Insurance Company Ltd. is Rs 1900.75. ICICI Lombard General Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 92794.79 Crore) operating in Financial Services sector.

HDFC Bank with a target price of Rs 1850. The current market price of HDFC Bank Ltd. is Rs 1607.1. HDFC Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 1222853.50 Crore).

UltraTech Cement Ltd. with a target price of Rs 13000. The current market price of UltraTech Cement is Rs 11401.75. UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 325024.10 Crore) operating in Cement sector.

Kotak Bank, while Goldman Sachs and Jefferies have a buy rating on HDFC Bank. Investec has maintained a sell call on PVR Inox. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

Union Bank of India with a target price of Rs 165. The current market price of Union Bank of India is Rs 136.3. Union Bank of India, incorporated in the year 1919, is a banking company (having a market cap of Rs 103549.86 Crore).

JSW Steel with a target price of Rs 1030. The current market price of JSW Steel Ltd. is Rs 884.4. JSW Steel Ltd., incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 217510.90 Crore) operating in Metals — Ferrous sector.

battery electric vehicles, Suzuki Motor Corp. Executive Vice President Kenichi Ayukawa said. First, the goal is for Maruti Suzuki India Ltd., the Japanese carmaker’s subsidiary, to grab 50% market share by 2030, from around 40% for the fiscal year through March. “We’re confident that the Indian market will expand in the mid to long term,” Ayukawa said in an interview. The emergence of India as an economic powerhouse and its expanding middle class present a clear opportunity for the Hamamatsu-based manufacturer, which has been active in the South Asian nation since 1983 and has found success as the top-selling automaker with models such as Swift and Brezza. In order to keep its lead, Suzuki plans to introduce its first-ever EV in India, as well as in Europe, next year after exhibiting its mass production model at the upcoming auto expo in India in January, according to Ayukawa.

Drilled down to its basics, a budget, whether of the government or a household, is essentially the same. It must balance expenditure on one hand with receipts or income on the other. But there is one key difference.

₹11.11 trillion. This may be increased slightly given the increased focus by the infrastructure-related ministries, the person added. "If the intention was to go with different numbers, more liberal numbers would have been presented in the interim budget," added the second person.

MoEFCC) plans to promote urban biodiversity to mitigate pollution, provide cleaner air, reduce noise, and harvest water, the official added. Further, pointing out that biodiversity will help issues such as spiralling mosquito population and monkeys moving into cities due to lack of green spaces, the official also noted that water conservation and crop production are other concern areas that can be addressed with urban forests. “If you look especially at South Delhi, the water table is depleting faster and many plants are needed to restore greenery," the person said.

Hindalco Industries, the world's largest aluminium rolling and recycling company, is looking at a bigger play in the auto component business by leveraging the growing electric vehicle (EV) industry, said people aware of the company's plans. Towards this, the Aditya Birla Group metals flagship is devising ways to become a direct supplier to automakers as part of a broader strategy to strengthen its aluminium «downstream businesses (value added products),» the people said. EVs, which utilise many aluminium parts since the metal is lighter than steel, will be the centrepiece of its new strategy. To fast-track the plan, Hindalco is also scouting for acquisitions in this space, the people said.