Target Financial News

Dalmia Bharat with a target price of Rs 2205. The current market price of Dalmia Bharat Ltd. is Rs 1866.15. Dalmia Bharat Ltd., incorporated in the year 2013, is a Mid Cap company (having a market cap of Rs 34983.26 Crore) operating in Cement sector.

Mint spoke to three senior teachers at Unacademy who, along with about 60 others, were informed of their salary cuts in mid-June over a video call . The firm that had recruited faculty members at a frenetic pace in 2022, is now facing a sluggish student admission numbers. "So far 7,000 students enrolled in Kota this academic year, versus 10,000 last year," said a senior Unacademy faculty member who has taught in the coaching centre for more than two years.

Mbappé and France advanced to the European Championship quarterfinals after Randal Kolo Muani's deflected shot secured a 1-0 win over Belgium on Monday. Kolo Muani sent in an effort in the 85th minute that looped up off Belgium defender Jan Vertonghen and over stranded goalkeeper Koen Casteels. France will play Portugal or Slovenia in the quarterfinals on Friday.

Two aid workers have been killed in eastern Congo when their convoy was attacked

Hindalco Industries Ltd. with a target price of Rs 800. The current market price of Hindalco Industries is Rs 693.05. Hindalco Industries Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 155799.52 Crore) operating in Metals — Non Ferrous sector.

Ather, and Bajaj Auto, most e2W manufacturers sold fewer units compared to the same period last year. Hero Electric sold fewer than 1,000 units in the June quarter, down from 6,000 a year ago, while Okinawa sold just 1,400 units versus 8,000. Ampere did not reach the 500 mark, compared to 19,000 units last year. Even TVS Motor's sales dropped to 30,000 units from 35,000 last year. Quoting industry watchers, ET Auto said that the outlook for sales remains the same in the current quarter despite the expectations of the rollout of FAME 3. Any uptick is anticipated in the second half of this fiscal year.

forex reserves dipped by $1.71 billion to $652 billion as of June 28, data shared by the Reserve Bank of India showed on Friday. Previously, forex reserves rose by $816 million to $653.7 billion for the week ending on June 21. Forex reserves expanded by $4.3 billion to hit a record high of $655.82 billion on June 7 this year.

Israel carried out deadly air strikes in the Gaza Strip as the war entered its tenth month on Sunday, with fighting raging across the Palestinian territory and fresh diplomatic efforts under way to halt the violence. Israel has said it will send a delegation in the coming days to continue truce talks with Qatari mediators that began recently in Doha. But Prime Minister Benjamin Netanyahu's spokesman said «gaps» remained with Hamas on how to secure a ceasefire and hostage release deal.

silver steadied. Gold August futures contracts and silver September futures contracts on Monday opened flat at Rs 72,966 per 10 grams and Rs 93,380/kg respectively. Gold August future contracts at MCX opened flat today at Rs 70,977 per 10 gram, which is down by merely 0.16% or Rs 112 while silver September futures contracts were trading at Rs 88,743/kg, down by 0.44% or Rs 392.

There were a number of reports last week about the prime minister and finance minister meeting with a government-funded think tank to discuss a variety of issues involving “generational fairness,” one of which was the introduction of a home equity tax.

Oil And Natural Gas Corporation with a target price of Rs 325. The current market price of Oil And Natural Gas Corporation Ltd. is Rs 288.2. Oil And Natural Gas Corporation Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 361745.93 Crore) operating in Gas & Petroleum sector.

People's Liberation Army exploding and destroying US fighter jets worth £78,000 each when the two countries are not at war? Not exactly. There is no US-China war and the Chinese Army has not bombed the US Air Force. What they have done is taking mock drills of exploding jet fighters as a part of their training exercise. According to 'Express', Airbus and Google Earth have captured the images showing destroying US F-35 and F-22 fighter jets in a remote desert area in northwest China. The satellite pictures suggest that the Chinese military destroyed these dummy aircraft with a nearby runway displaying scorch marks and bomb blast craters.

A former United States government official has accused federal regulators of targeting the cryptocurrency industry through a campaign of “debanking.”

Russia's defence ministry said on Tuesday that it had destroyed five Ukrainian SU-27 fighter jets and damaged two more the Myrhorod airfield in Ukraine's Poltava region with Iskander-M missiles. The ministry published footage of the attack which showed smoke and flames rising from an airfield. «As a result of the Russian strike, five active SU-27 multi-purpose fighters were destroyed and two were damaged,» the ministry said.

waste management firm ReCircle has entered the textile waste management vertical with a target to process 570 million tonnes (MT) of textile waste in 12 months. The company recently launched Project Extra Life to tackle India’s textile waste problem and build a more sustainable circular economy. Until now, ReCircle has focussed on managing plastic and paper waste. In FY24, it diverted 65,364 tonnes of waste — paper, plastic, cardboard and e-waste. “We’re constantly innovating to digitise the waste supply chain, create meaningful opportunities for informal waste workers, build a closed-loop system to extend the life cycle of waste and empower India to move towards a circular future — one piece of trash at a time,” says Rahul Nainani, Co-Founder & CEO, ReCircle.

Goyal Wednesday said the four-member European nation bloc European Free Trade Association (EFTA) is keen to invest in India and the domestic industry should take advantage of that opportunity. Goyal, who is visiting Switzerland on Sunday to take forward the EFTA commitments, said that this $100 billion commitment is for foreign direct investments and not portfolio investments. Iceland, Liechtenstein, Norway, and Switzerland comprise the EFTA. In March, India and EFTA signed a free trade agreement under which New Delhi received an investment commitment of $100 billion in 15 years from the grouping while allowing several products such as Swiss watches, chocolates and cut and polished diamonds at lower or zero duties.

Zomato has suspended its hyperlocal goods delivery service ‘Xtreme’ on account of poor demand, according to people aware of the matter. The food delivery platform had launched the service in October last year. Separately, the company has also relaunched its intercity food delivery offering ‘Legends’ in a third avatar.

Bajaj Finance, Vedanta, L&T Finance, Hindustan Zinc, Star Health among others will be in focus due to various news developments and first quarter updates. Bajaj Finance Bajaj Finance reported a 10% year-on-year growth in new loans booked in the quarter ended June 30, 2024 at 10.97 million compared to 9.94 million in the corresponding period of the last financial year.

Donald Trump's potential return to the White House, more of NATO's European members are finally hitting the alliance's defence spending target. But as leaders gear up to celebrate at a NATO summit in Washington there is a clear feeling that will not be sufficient to tackle the challenges it faces. «Even in countries historically reluctant to spend more on defence, there is now a growing sense of the importance of greatly increased defence spending,» said Ian Lesser, from the German Marshall Fund of the United States think tank.

Union Bank of India has received bids for five of the 25 non-performing asset (NPA) accounts it put up for sale. The accounts that received bids from asset reconstruction companies such as JC Flowers ARC includes Jaypee Healthcare, Saraiwwalaa AGRR Refiners Limited, RCM Infrastructure and is looking to recover 15%-89% by selling these accounts. Prudent ARC submitted a bid for Saraiwwalaa AGRR Refiners, while JC Flower Asset Reconstruction Limited bid Rs. 61 crore for JP Healthcare. Maximus ARC Limited placed a bid of Rs. 27 crore for RCM Infrastructure. CFM ARC bid Rs. 16.29 crore for Green World International and Ramchand Baboo Mall & Company. All bids fall under the 100% upfront cash category. The bank received the bids on June 27 and plans to proceed with the Swiss auction based on the anchor bids on July 5. The highest bids received for each account will serve as the floor price during the auction. During the Swiss challenge, if a counter bid exceeds the floor price by a minimum markup of 5% to 15%, the original bidder will be given a chance to match the counter bid. If the original bidder matches the counter bid, they will be declared the successful bidder. If no counter bids are received, the original bidder will win by default.

hospitality industry is hoping more hotels get infrastructure-linked benefits this year and that their much-awaited demand of granting infrastructure status to the sector is met. Hotel Association of India (HAI) said on Friday that infrastructure status will enable hospitality projects access to finance at better interest rates with longer repayment periods and attract investment. «The previous budgets have seen a strong focus on developing infrastructure. However, hotels have not been treated on par. The last budget announced the development of tourism in mission mode. Tourism cannot be developed without tourist accommodation,» HAI said in a statement on Friday.