Target Financial News

YES Bank has launched YES Grandeur, a banking program targeted at the emerging affluent section of the society. So, only banking customers with an average monthly balance (AMB) of Rs 5 lakh or a net relationship value (NRV) of Rs 20 lakh will be eligible for the program, with additional consideration to loan relationships. “With a relentless focus on industry-first features and a profound understanding of the evolving needs of elite and emerging affluent households, YES Grandeur sets a new benchmark in personalised banking,” said Rajan Pental, Executive Director, YES Bank. YES Grandeur is aimed at enhancing and personalising the customer experience by offering unique banking, travel and lifestyle privileges. The banking benefits will include premium service, such as dedicated relationship managers, preferential rates on banking services, exemption across a host of charges, discounts on locker facilities, and a special 3-in-1 account with demat, trading and savings accounts.

Kyrgyzstan is a favored destination for education, particularly in the medical field, attracting numerous students from the Indian subcontinent, including India, Pakistan, and Bangladesh. As of April 2023, data from various medical universities in Kyrgyzstan shows that around 9,500 students are currently pursuing their studies there, a government report said as quoted by Hindustan Times. The Pakistan embassy mentioned that the situation intensified after videos of a fight between Kyrgyz and Egyptian students on May 13 went viral online on Friday.

Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today - May 18 Bank Nifty is likely to get support at 48,000, followed by 47,800. If the index advances, 48,300 would be the initial key resistance, followed by 48,500, analysts at Choice Broking said.

Minimum Viable Product (MVP) is about finding the quickest, most efficient route to validate your business idea. It's not about perfection but progression. Your MVP is just the beginning of an amazing journey toward building a product that truly connects with your users. By focusing on the strategic steps outlined below, you will not just build a product, but you will develop a flexible and tough process for future product developments that will withstand the test of market realities. Igniting the spark with less fuel Building an MVP allows you to test, iterate, and pivot your product based on actual user feedback with minimal resources. Here’s a straightforward guide on how to kick-start your MVP development, written with first-time early-stage startup founders in mind. Step 1: Know your tribe — User insight is gold

Bank of America (BAC) upgraded its rating on Coinbase (COIN) shares from underperform to neutral on Friday and raised its price target for Coinbase to $217 from $110, reflecting a positive outlook for the cryptocurrency exchange.

Vodafone Idea (Vi) CEO Akshaya said the telco is looking at further conversions of government dues into equity as well as internal accruals to address payout obligations toward spectrum and adjusted gross revenue (AGR). The moratorium on these payments ends in September 2025. The statement came during Vi’s FY24 fourth-quarter earnings call Friday. Moondra was responding to a query on Vi’s payment strategy on clearing government liabilities of more than Rs 2 lakh crore relating to spectrum payments and AGR dues. Vi has to pay Rs 29,000 crore in March 2026 and Rs 43,000 crore in March 2027.

Big videogames are sometimes called “forever franchises." That certainly describes the wait for some of them. Gamers have been eagerly awaiting a “Grand Theft Auto" sequel since the last one came out more than 10 years ago. Investors have been even more eager since publisher Take-Two Interactive gave a long-term forecast two years ago that strongly suggested the game could launch in the fiscal year that just ended in March.

Meghalaya State Council on Climate Change & Sustainable Development discussed the need to have a regulatory framework through the Amendment of the existing Meghalaya Protection of Catchment Areas Act, 1990 to protect critical catchment areas from further degradation. A meeting of the Meghalaya State Council on Climate Change & Sustainable Development under the Chairmanship of Chief Minister, Conrad K. Sangma, was held on May 16, 2024, at the Main Secretariat Building, Shillong. The meeting centred around leveraging community institutions as part of a collaborative strategy for community-led climate action. Despite abundant rainfall and lush green landscapes, the State stands at a critical juncture amidst climate change, where urgent and coordinated, interventions are needed to ensure sustainable environmental management and resilience. In response to this, the Council unanimously agreed on the need for coordinated and targeted strategies towards climate action particularly on the Rejuvenation of critical water sources, Catchment area protection and massive afforestation.

Angel One Ltd, a prominent fintech brokerage in India, has announced the launch of Fin One, a digital-first initiative set to transform financial literacy for a billion Indians.

JSW Steel Ltd on Friday reported a 64.54% fall in its consolidated net profit for the March quarter to ₹1,299 crore mainly due to higher coking coal prices. The Sajjan Jindal-led company’s consolidated revenue from operations fell 1.5% year-on-year to ₹46,269 crore. A Bloomberg poll of analystshad expected JSW Steel to post a profit of ₹1,661.35 crore for the March quarter on revenue of ₹44,676.34 crore.

In a stock exchange notice today (17 May), SEQI explained it has amended its investment policy to decrease its exposure to floating rate investments from 50% to 40%. As a result, up to 60% of its portfolio will target fixed-rate investments in a bid to «lock in current interest rates» and protect its income should interest rates begin to fall. The move comes as both the European Central Bank and Bank of England are expected to start cutting rates in the summer, while speculation mounts over whether the Fed will pass even a single cut this year. SEQI noted the policy amendment «is n...

Nippon Life Insurance Co. is on the hunt to take stakes in other insurers and asset managers in the US and Asia after it agreed to its biggest-ever M&A deal. 

«EV made a lot of sense because the expertise that we can get globally will help our businesses and which is why we were open to getting partners and they have added a lot of value in terms of what they bring and in other businesses, in growth gems in particular, we can look for global partners where we can get their insights and their guidance to be able to grow the business faster,» says Anish Shah, Group CEO & MD, Mahindra Group. Are you late in the EV race or was that a conscious strategy? For us, it is important to have outstanding vehicles when we launch and which is why we took the time to make sure that we have a born electric platform and that we have got designs that consumers are going to look at and say, wow, I love that design. We have got the technology, the features in the car. So, all of that is important. And if that takes a little longer, that is fine but more critical is the quality of the vehicle.

New Delhi: Realty developer Signature Global is targeting Rs 10,000 crore pre-sales in FY25, and be debt free by 2026, riding on the favourable condition for residential real estate, Pradeep Kumar Aggarwal, Chairman and Whole-Time Director of the company said. The company reported growth of 112% in pre-sales to Rs 7,720 crore for FY24 and has exceeded the guidance. “We have launches worth Rs 16,000 crore planned for this fiscal and this will help us in achieving the guidance of Rs 10,000 crore. In addition, we are actively looking for acquisition and will continue to add more assets in the portfolio,” said Aggarwal.

Dixon Technologies (India) surged almost 10 percent in intra-day deals on Friday to their record high of ₹9,064 apiece, after global brokerage firm Morgan Stanley upgraded the stock to 'equal-weight' from an earlier 'underweight’ rating post its March quarter results (Q4FY24). However, the brokerage has a target price of ₹8,696 for the stock, implying a 4 percent downside from today's record high. Morgan Stanley expects an earnings CAGR (compound annual growth rate) of 42 percent for the firm during FY24 to FY28, which led to this upgrade.

₹274.50 apiece on the BSE. The volumes in JSW Infrastructure shares reached 93 lakh on May 17 as compared to its one week average of 36 lakh shares. Technically, JSW Infrastructure shares saw a major breakout above ₹265 mark and the stock was trading around ₹273 apiece.

«The next three years will be continued success for the auto business. It is positioned very well right now. We have got multiple products over the last three to four years that have been huge successes and it is really the DNA of the company that is showing in terms of its success,» says Anish Shah, Group CEO & MD, Mahindra Group. Shareholders are happy, management is happy, stock at an all-time high, profits at an all-time high. What you promised when you took over, you have delivered on all count. I am sure that must be a great feeling. That is a great feeling and I would give a lot of credit to all our teams. They worked extremely hard. Across the businesses, we are seeing a very high level of performance and that is credit to every single member of the team.

India’s growth to 6.9% in 2024 from 6.2% projected earlier, the United Nations said in its latest World Economic Situation and Prospects report’s mid-year update. “India’s economy is forecast to expand by 6.9 per cent in 2024 and 6.6 per cent in 2025,29 mainly driven by strong public investment and resilient private consumption,” the UN Department of Economic and Social Affairs said. It noted that even as the government brings down its fiscal deficit, it will continue to increase capital investment.

KYIV: A massive Ukrainian drone attack on Crimea early Friday has left the city of Sevastopol without power and set a refinery ablaze in southern Russia, Russian authorities said. The drone raids marked Kyiv's attempt to strike back during Moscow's offensive in northeastern Ukraine, which has added to the pressure on outnumbered and outgunned Ukrainian forces who are waiting for delayed deliveries of crucial weapons and ammunition from Western partners. The Russian Defense Ministry said air defenses downed 51 Ukrainian drones over Crimea, another 44 over the Krasnodar region and six over the Belgorod region. It said Russian warplanes and patrol boats also destroyed six sea drones in the Black Sea.

The sports streaming platform planned by ESPN, Fox and Warner Bros

Indian Hotels: The brokerage has a target price of ₹680 for the stock, indicating a 19 percent potential upside. MOSL expects the strong momentum to continue in FY25, led by 1)an increase in ARR; 2) sustaining higher occupancy levels led by favourable demand-supply dynamics; 3) strong room addition pipeline till FY28 in both owned/leased (2,779 rooms) and management hotels (10,174); 4) higher income from management contracts; and 5) value unlocking by scaling up reimagined and new brands. In FY25, Indian Hotel (IH) expects to sustain double-digit revenue growth, with new businesses expected to grow 30%.