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₹500 from ₹465 previously. The brokerage sees a potential upside of 11% for the stock.

Mumbai: Shares of Vodafone Idea soared as much as 11.6% in trading on Friday after brokerage UBS upgraded its rating on the stock to 'buy' from 'neutral'. The brokerage raised its price target on the stock to ₹18, implying an upside of over 19% from Friday's closing. The stock ended at ₹15.11, up 7.5% over the previous day. UBS said it believes the market is pricing in 15-20% mobile tariff increase over the next 12-24 months. «We believe relief in the form of AGR reduction by the Supreme Court or equity conversion, moratoriums etc by the government is highly likely, especially given the government's stated objective of ensuring three viable private telcos,» the brokerage said in a note. UBS said Vodafone will benefit the most if that happens and the risk-reward is attractive before such an announcement. The brokerage maintained its 'neutral' ratings on Bharti Airtel and Indus Towers.

Prime Minister Narendra Modi has urged eligible voters to come forward in large numbers and participate in the election process.In his post, PM Modi emphasised the importance of a single vote and its importance for a vibrant and flourishing democracy. He also mentioned women and young voters urging them to participate in large numbers in Lok Sabha elections 2024 phase 6 voting.“I request all the voters of the sixth phase of the Lok Sabha elections to come forward to vote in maximum numbers.

Janet Yellen stated on Friday that she is working to save a component of the global corporate tax agreement targeting highly profitable multinational corporations, and added that “India is refusing to engage on issues important to US interests".Yellen told Reuters in an interview on the sidelines of a G7 finance leaders meeting in Italy that China also has been “all but absent" in the negotiations to finalize “Pillar 1" of the OECD corporate tax deal reached in principle in 2021 that involves 140 countries."We are actively engaged in this negotiation," to meet an end-June deadline for the deal, Yellen told Reuters. “We're committed to doing everything we possibly can to make it work."Also Read: Yellen ‘Feeling Good’ About G-7 Alignment on Russian AssetsEarlier on Friday, Italian Finance Minister Giancarlo Giorgetti told reporters that the Pillar 1 negotiations were set to fail, citing objections from the U.S., India and China.The Pillar 1 negotiations primarily focus on redistributing the taxing authority concerning US-based digital giants, potentially enabling around $200 billion of corporate profits to be taxed in the nations where these companies operate.In addition to Pillar 1, the tax deal includes a second pillar involving the implementation of a 15% global minimum tax on corporate profits, which many countries are independently adopting.

As speculation surrounds the potential for Dogecoin to reach the $1 mark, another meme coin, Shiba Shootout, is making waves. While Dogecoin’s path to $1 is uncertain, Shiba Shootout is poised for explosive growth, with many believing it could 10X before Dogecoin achieves its milestone. Let’s explore why Shiba Shootout stands out and what sets it apart in the crowded meme coin market.

Novavax will only be able to offer a COVID-19 vaccine in the United States this autumn if regulators accept the shot it has started manufacturing that targets a variant that was dominant earlier this year, the company said.

PDP president Mehbooba Mufti on Saturday staged protest amid polling in Jammu Kashmir's Anantnag-Rajouri Lok Sabha seats.

Thomas Piketty suggests India should impose a wealth tax on the ultra-rich to tackle inequality and create fiscal space for investments in the social sector. The paper, released on Friday, suggests imposing a 2% annual tax on net wealth over ₹10 crore, and a 33% inheritance tax on estates exceeding ₹10 crore in valuation. This could generate revenue amounting to 2.73% of gross domestic product (GDP), it said. According to the paper, Towards Tax Justice & Wealth Redistribution in India: Proposals, based on the latest inequality estimates, 0.04% of the adult population holds more than a quarter of total wealth, and imposing this tax would leave 99.96% unaffected. «Progressive wealth taxation, effective redistribution, and broad-based social sector investments are urgently needed to build an equitable and prosperous India,» said Anmol Somanchi, one of the four authors of the report.

sixth and penultimate phase of Lok Sabha Elections 2024 today, May 25. All 10 seats of Haryana and seven seats of Delhi are polling in this round of voting.The voting, which begins at 7 am, is being held in Bihar (8 seats), Haryana (all 10 seats), Jammu and Kashmir (one seat), Jharkhand (4 seats), Delhi (all 7 seats), Odisha (6 seats), Uttar Pradesh (14 seats), West Bengal (8 seats).

TikTok on Thursday said it was putting restrictions on state-backed media to counter acts of foreign influence on the platform during an important election year in multiple countries. The move comes after the United States handed TikTok an ultimatum to divest from its Chinese owners or face a potential ban in the US market, based on concerns the app could be used to influence Americans.

Myanmar’s military government appears to be considering reviving a massive China-backed hydroelectric dam project

Officials say a nighttime Russian attack has destroyed train tracks and rolling stock in Ukraine’s northeastern Kharkiv region

Lashkar-e-Taiba (LeT) terror conspiracy case."Thirty-five-year-old Shoaib Ahmed Mirza alias Chhotu, a resident of Hubbali city in Karnataka, was previously convicted in a Lashkar-e-Taiba (LeT) terror conspiracy case," the agency said in a statement as per news agency PTI.NIA investigations revealed that Mirza was allegedly involved in this fresh conspiracy after being released from jail. In 2018, he had reportedly befriended and introduced accused Abdul Matheen Taahaa to an online handler suspected to be abroad, the probe agency said.“Mirza further provided an e-mail ID for encrypted communication between the handler and Abdul Matheen Taahaa, who was arrested on April 12 from his hideout in Kolkata (West Bengal) along with co-accused Mussavir Hussain Shazib," the NIA was quoted by PTI as saying.A low-intensity blast had rocked the famous Rameshwaram Cafe in Bengaluru on March 1, injuring at least 10 people.

Federal Reserve Governor Christopher Waller said on Friday it's possible that a key underlying interest rate that influences the potency of monetary policy may rise in the future after years of declines, but it's too soon to say if that will happen. «There has been a lot of debate during the past year as to whether or not 'R-star' has increased,» Waller said in a speech to the Reykjavik Economic Conference in Iceland.

Russia from advancing further into the northeastern Kharkiv region and are now counter-attacking, but Moscow is intensifying its assault on other parts of the front, Ukraine's army said Friday. Kyiv has been battling a fresh Russian land assault in the Kharkiv region since May 10, when thousands of Moscow's troops stormed the border, making their biggest territorial advances in 18 months. President Volodymyr Zelensky visited the region's capital on Friday to discuss the battle for Vovchansk, a town that sits fewer than five kilometres (three miles) from the border.

Malaysian authorities have dismantled a forex investment fraud and cryptocurrency syndicate that had been operating in the country.

The Indian Express, published on May 24, when he was asked what makes him thing that the BJP is targeting AAP and, specifically him.Also Read: Arvind Kejriwal breaks silence on Swati Maliwal assault case: 'Two versions of event'Kejriwal claimed that the party is being targeted because of the phenomenal rise."Many people who meet the PM, some of them are our friends too, they tell us that the PM discusses AAP frequently. And he says that in the future, AAP will challenge them nationally and in many states," the AAP leader said.Kejriwal also claimed that they (BJP) wants to crush AAP before it grows.

₹435 and ₹515.The stock declined around 1 percent to its day's low of ₹436.90 in intra-day deals today, Friday, May 24. It has now corrected 12.5 percent from its peak of ₹499.60, hit in July last year but has advanced over 9 percent from its 52-week low of ₹399.30, hit on March 12, 2024.The stock has been mostly flat, up just 1.5 percent in the last 1 year, and has fallen over 5 percent in 2024 YTD.

₹790 on the NSE, the Max Healthcare share price is down more than 10% from 52-week highs seen in February.Analysts remain positive on growth being fueled by expansions. Analysts at Jefferies India Private Ltd have maintained Buy ratings on Max Healthcare post Q4.

Also Read: Emkay projects Brent oil price range at $83 to $92 per barrel in the short termTraders remain concerned that prolonged high interest rates in the US will hurt the economic outlook and demand for energy. In the previous trading session, crude oil prices dropped over 0.65% following the release of the Federal Reserve meeting minutes, which indicated a lack of confidence among policymakers regarding imminent interest rate cuts.The minutes showed that while policymakers viewed current policy as "well positioned," some expressed readiness to tighten policy in the event of inflation spikes.

Shares of InterGlobe Aviation, which operates IndiGo Airlines, rose nearly 3% in Friday's trade on BSE to its new 52-week high of Rs 4,520 after the company’s PAT more than doubled to Rs 1,895 crore in Q4. Revenue from operations increased 26% year-on-year (YoY) to Rs 17,825 crore in the reporting quarter while the airline's passenger ticket revenues grew 25% YoY to Rs 15,601 crore.