Target Financial News

The Nifty future closed positive with marginal gains of 0.02% at 24,210 levels on Tuesday. The India VIX was down 1.14% from 13.83 to 13.67 levels.

Signature Global, Gurgaon based real estate developer has reported Rs 3,120 crore pre sales in Q1 FY25 with year on year growth of 255%. More than 30% of the FY25 guidance of Rs 10,000 crore in pre-sales was achieved in Q1 FY25. The company has entered the premium housing market and launched two group housing projects in Gurugram, both receiving an overwhelming response, during the last two quarters. The company’s collections in Q1 FY25 grew by 102% to Rs 1,210 crore. Net debt reduced by 16% to Rs 980 crore at the end of Q1 FY25 in comparison to Rs 1,160 crore as at the end of FY24.

Finance Minister Nirmala Sitharaman is set to present the Union Budget on July 23 in Lok Sabha. The Parliamentary session for the Budget will commence on July 22 and continue till August 22. The NDA government’s first Budget is expected to focus on sustaining economic growth with impetus to job creation, with an eye on maintaining the fiscal deficit target. All eyes are now on the Finance Minister as people eagerly await the announcement of policies and initiatives that align with their interests.

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.]

Budget date: Narendra Modi’s first Budget of his third term, to be presented on July 23, will see Finance Minister Nirmala Sitharaman leveraging revenue growth and a record dividend from the Reserve Bank of India. The focus will be on infrastructure investment and targeted spending for the middle class, women, and the agricultural sector. Besides showcasing economic resilience, the government plans to introduce reform measures that bypass the need for legislative approval. “Hon’ble President of India, on the recommendation of Govt of India, has approved the proposal for summoning of both the Houses of Parliament for the budget session, 2024 from 22nd July, 2024 to 12 August, 2024 (subject to exigencies of parliamentary business). Union Budget 2024-25 will be presented in Lok Sabha on 23 July, 2024,” parliamentary affairs minister Kiren Rijiju said in a post on X.

Pegasus spyware developed by the NSO Group, Apple has classified these attacks as highly advanced and rare, requiring substantial financial investment by perpetrators. These operations, which focus on a select number of individuals globally, are designed to operate covertly and evade detection.The latest communication from Apple warns affected iPhone users of the ongoing nature and expansive reach of these attacks.

interest-rate cuts after Jerome Powell cited signals that the US is back on a disinflationary path. Equity benchmarks climbed in Japan, Australia and South Korea, while futures for Hong Kong stocks pointed to a positive start. Contracts for the S&P 500 edged lower after the benchmark closed above 5,500 for the first time — the gauge’s 32nd record this year — to extend a blistering rally that has left analysts scrambling to update their targets. Tesla Inc. surged 10% to lead gains in megacaps, helping the Nasdaq 100 close above the 20,000 mark for the first time.

solar mission Aditya-L1 spacecraft completed its first halo orbit around the Sun-Earth L1 point on Tuesday, the Indian Space Research Organisation (ISRO) said in a statement. The Aditya-L1 mission is an Indian solar observatory at Lagrangian point L1, launched on September 2 last year and was inserted in its targeted halo orbit on January 6. Aditya-L1 spacecraft in the Halo orbit takes 178 days to complete a revolution around the L1 point.

The main topics of the 2nd SEA edition will be:

defence stocks. A number of defence stocks, big as well as small, have been touching new highs in recent times. The defence euphoria in the market is fuelled by the government's resolve to indigenise defence production as well as boost defence exports. The defence sector has become a striking Make in India story. But behind this growth lies years of persistent efforts at the policy as well as execution levels.

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.]

A lawsuit targeting Keith Gill, a prominent online investor known as “Roaring Kitty,” for manipulating GameStop stock prices through a “pump and dump” scheme, was withdrawn shortly after being filed.

SCO) Summit being held here under the Kazakhstan Presidency will adopt an important document to combat terrorism, separatism and extremism, echoing India's stand on countering terrorism and radicalisation in the Eurasian region. The July 3-4 summit will also discuss an anti-drug strategy to counter the rising menace of drug addiction. Recent arrests of terrorists in Kyrgyzstan and earlier in Tajikistan have established ISIS links emanating from Afghanistan. The Indian establishment has been closely monitoring the spread of ISIS influence in Eurasia and its impact across the border in India, ET has learnt. What has come to their notice is recent ISIS literature that aims to target India, according to sources.

policyholders. This profit is called underwriting profit. Note that Star Health is the only listed general insurance company that has made an underwriting profit every year since FY19, except in FY21 and FY22, largely owing to the covid-19 claims that consumed 94% and 87% of premium for the two years, respectively.

Ukraine, and major French news sites improbably registered in an obscure Pacific territory, population 15,000. All are part of disinformation campaigns orchestrated out of Russia and targeting France, according to French officials and cybersecurity experts in Europe and the United States. France's legislative elections and the Paris Olympics sent them into overdrive. More than a dozen reports issued in the past year point to an intensifying effort from Russia to undermine France, particularly the upcoming Games, and President Emmanuel Macron, who is one of Ukraine's most vocal supporters in Europe.

India Cements with a target price of Rs 130. The current market price of India Cements Ltd. is Rs 284.65. India Cements Ltd., incorporated in the year 1946, is a Small Cap company (having a market cap of Rs 8810.38 Crore) operating in Cement sector.

Nasdaq notched record-high closes on Tuesday, fueled by gains in Nvidia after U.S. Federal Reserve Chair Jerome Powell told lawmakers that more «good» economic data would strengthen the case for rate cuts. AI chipmaker Nvidia climbed 2.5%, offsetting declines in other chip stocks.

TMC MP Mahua Moitra over her comments against NCW chief Rekha Sharma and demanded that she be «sacked» from her party. This came a day after the TMC, commenting on a video posted on X showing the NCW chairperson's arrival at the site of a stampede that recently took place in Uttar Pradesh's Hathras, wrote, «She is too busy holding up her boss's pajamas». Reacting sharply, BJP national spokesperson Shehzad Poonawalla termed Moitra's comment on the microblogging site as «extremely indecent, objectionable and shameful», and said this is the «true face» of the TMC and the opposition parties' INDIA bloc. «MP Mahua Moitra who justified and remained silent during Sandeshkhali, Chopra Talibani flogging, silent on Swati Maliwal now makes a disgusting comment at a women that too the NCW Chief,» he charged.

With the Supreme Court ruling late last month against the government-favored “Chevron Deference,” one crypto industry leader being targeted by the agency is already using the decision to its advantage.

Signature Global on Sunday reported a 3.5 times jump in sales bookings to Rs 3,120 crore for the April-June quarter on high demand for its housing projects. The company's sales bookings stood at Rs 820 crore in the year-ago period. According to a regulatory filing, Signature Global sold 968 units in the first quarter of this fiscal against 894 units in the corresponding period of the previous year. In terms of volume, its sales bookings more than doubled to 2.03 million square feet from 0.91 million square feet a year earlier.

Congress on Saturday alleged that Prime Minister Narendra Modi broke all parliamentary norms by accusing the then Rajya Sabha chairman Hamid Ansari of having an «inclination» towards the opposition when the BJP came to power in 2014. In his reply to the Motion of Thanks on the President's address in the Lok Sabha on July 2, Modi said, «No matter how many numbers they claim, when we came in 2014, our strength in the Rajya Sabha was very low, and the Chair's inclination was somewhat on the other side. But we did not waver from our resolve to serve the country with pride.» «I want to tell the people of the country that the decision you have made, the order you have given us to serve, neither Modi nor this government will be afraid of any such obstacles. We will fulfill the resolutions we have set out to achieve,» Modi had said.