Target Financial News

search operations continued on Thursday at many locations around the Jammu division. During the investigation, more than 50 persons were taken into custody. According to J&K police commissioner RR Swain, the forces are mapping their resources to give befitting response to foreign militants operating in the region. Since June 9 evening, the Jammu division has experienced four militancy-related events in three districts: Reasi, Kathua, and Doda, killing nine civilians and one CRPF personnel and injuring 34 civilians. «War has been foisted on us, and we are mapping our resources to respond appropriately to this challenge, which we had ovecome previously. Swain told reporters in Jammu, „We may have to bear some minor losses.“ He went on to say that the foreign militants have no family or stake in the country, making them look capable of causing more harm.

Only one in four active 401(k) participants are confident in maintaining their current standard of living upon retirement, according to new research from Cerulli.

WASHINGTON — Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended:

Now that Europe has announced tariffs on China-made electric cars, the continent is bracing to see if the other shoe drops

As the Dogecoin (DOGE) slides and eyes a test of its recent lows, its investors are shifting their sights to a new Bitcoin ICO called 99Bitcoins (99BTC), with some talking about potential 1,000% or more than 10x returns.

The Manta Foundation has launched a $50 million EcoFund to provide funding and support for blockchain ecosystem projects.

The conference hall in Pune was packed. To retail investors who have long complained about low interest rates, an indicative 10% rate on idle savings seemed like a great deal. The questions came thick and fast after Gautam Adukia, co-founder at peer-to-peer lending platform LiquiLoans, concluded his presentation. 

acquisition of Penna Cement will be funded through internal accruals. In its edition dated June 13, ET reported that the Adani Group is in talks to acquire Penna Cement. The Group is also evaluating other cement companies for acquisition including Gujarat-headquartered Saurashtra Cement and the cement business of Jaiprakash Associates as well as ABG Shipyard-owned Vadraj Cement.

₹327. Also Read: OPEC+ to support Brent at $80/bbl; ONGC/Oil India placed well on dividend pay, valuations‘’The company is expected to improve its earnings performance backed by increased production at KG 98/2 field, improved realisations, monetisation of discoveries, increased capex and potential adjustment of windfall tax.

OTTAWA — The chief executives ofCanada’s five biggest banks are set to testify before a parliamentary committee later today about the impacts of the financial sector on climate and the environment.

Mint reported in May that the company expects its electric vehicle segment, growth in which has slowed year-on-year, to see a significant spurt after the launch of the Curvv, a coupe-style electric SUV, and is targeting sales of over 100,000 EVs this fiscal - a milestone it had missed in FY24.Interestingly, while Tata Motors grew its overall passenger vehicle volumes in FY24, EVs accounted for 13% of its total sales last fiscal, down from 16% in FY23 and 20% in FY22, as an initial crop of early adopters of eco-friendly vehicles dwindles, despite the launch of new electric models like the Punch EV, as well as a full-model refresh of its flagship Nexon EV.Milestone Alert! Livemint tops charts as the fastest growing news website in the world

ICICI Securitiesin its latest note has upgraded its rating for both Sun TV Network and Zee Entertainment Enterprises from 'Add' to 'Buy' and also raised their target prices. The brokerage cites the expectation that these companies will benefit in the medium term as FMCG companies increase their ad spending.The brokerage has lifted the target price on ZEE to ₹195 apiece from an earlier price of ₹155 as it believes the stock should re-rate given the potential tailwinds for TV broadcasters.Also Read: Prediction: These could be the best-performing value stocks through 2030For SUN TV, the brokerage revised the target price higher to ₹1,000 per share from ₹758, anticipating significant growth in ad revenue.

Read here: Indian stock market ready for a dream run, target Nifty 50 at 25,816, says PL; bullish on Auto, Banks, Defence, FMCG In its High Conviction Picks, Prabhudas Lilladher’s top largecap stock picks include HDFC Bank, ICICI Bank, ITC, Larsen & Toubro, Max Healthcare Institute, Maruti Suzuki, Reliance Industries and Siemens.Here are top largecap stock picks by Prabhudas Lilladher:Prabhudas Lilladher believes replacement of HDFC’s liabilities over FY24-26E should lead to improving margins and better net profit CAGR. It has a ‘Buy’ rating on HDFC Bank shares with a target price of ₹2,000 apiece.The brokerage firm has maintained a ‘Buy’ rating and increased ICICI Bank share price target to ₹1,450 from ₹1,300 earlier.Also Read: Turnaround stocks to 2024: Top 5 shares that are potential multibaggersITC’s cigarette volumes rose 2.1% in Q4FY24 and the broking house expects returns to be driven by cigarette volume numbers and budget outcome in July while FMCG will continue to expand margins by 80 - 100 bps annually.

Fed chief Jerome Powell, gold prices on MCX for August futures contracts were down Rs 481 or 0.67% to trade at Rs 71,489 per 10 grams, while MCX July silver contracts dropped by nearly Rs 2,000 or 2.18% to Rs 88,469 per kg. Gold prices fell after three days of gains as investors reacted to the Federal Reserve's latest signals indicating only one interest-rate cut this year, instead of the three previously forecast.

Insurance stocks were in buzz on Thursday, rising up to 3% after the Insurance Regulatory and Development Authority of India (IRDAI) significantly increased surrender values for non-linked products in the initial periods affecting insurers such as LIC, HDFC Life Insurance, and Max Life Insurance as they derive up to 52% of FY24 total APE from this segment. Shares of LIC, HDFC Life and SBI Life were up by 0.66% at Rs 1,005, 2.65% at Rs 587.50 and 0.02% at Rs 1,454.65 respectively around 10:30 on BSE today.

Sobha surged over 7% to a day's high of Rs 2,219 on the BSE during Thursday's trade, following the board's approval of a Rs 2,000 crore rights issue. The rights issue price is set at Rs 1,651 per equity share, which represents a 20% discount from the previous day's closing price of Rs 2,063.9 per share. The rights issue will open on June 28 and will close on July 4.

Investing.com-- Citibank analysts opened a 30-day upside catalyst watch on BYD Co's (SZ:002594) Hong Kong shares (HK:1211) on Wednesday, stating that lower-than-feared EU import tariffs and strong domestic demand presented tailwinds for the company.

Salman Khan who has been allegedly receiving ongoing threats from the Lawrence Bishnoi gang, expressed his frustration and exhaustion while recording his statement before the crime branch. Khan stated that he feels continually targeted for a crime he claims to have already suffered from and for which he has paid the fines imposed by various courts.

Stock Market News: The domestic benchmark equity indices, the Sensex and the Nifty 50 started Thursday's session at record highs after better-than-expected economic data. The Nifty Midcap 100 index opened the day at a record high.The 30-share BSE Sensex opened higher by 495.48 points or 0.65% at 77,102.05 level while the Nifty 50 started off at 23,480.95 level, up 158 points or 0.68%.Also Read: Sensex Today Live Updates: Sensex, Nifty open at record high led by global cues; Gensol, Sobha shares gainAccording to Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, there is excellent news on inflation in both the US and India.

Also Read: Top Stock Recommendations: Osho Krishan suggests buying these two stocks todayHDFC Life Insurance, LTI Mindtree, Divi’s Laboratories, Shriram Finance and Wipro were the top gainers on the Nifty 50 constituents, while Tata Consumer Products, Britannia Industries, Hindustan Unilever, Cipla and Eicher Motors were the top losers.Positive global cues and favourable domestic economic data led the rally in the Indian stock market. The domestic equities followed an upmove in Asian markets and US stock market after softer than expected US inflation data and the US Federal Reserve policy decision.Read here: US Fed holds key rates elevated at 23-year high, expects single 0.25% reduction in 2024; 5 key takeaways from Fed PolicyThe US consumer price index (CPI) came in at 3.3% in May, down 0.1 percentage point from April’s 3.4%.Meanwhile, the US Federal Reserve kept its benchmark interest rate unchanged for the seventh straight meeting on Wednesday and said that “modest" progress had been made toward its long-term inflation target of 2%.

Stocks to buy or sell: The Indian stock market snapped its two-day fall and ended northward on Wednesday. This means that the market, after a period of decline, started to move upwards again. The Nifty 50 index went up 58 points and closed at 23,322, while the BSE Sensex scaled 149 points and finished at 76,606.