Target Financial News

02.05 / 12:55

UPS Target Career Opinion Relationships Profiles How ex-Amazon employee grew his tech client base

As the saying goes, it isn’t about who you know, but what you know. And Eric Franklin is one of those advisors who left an industry and ended up finding their way back to it.

02.05 / 10:47

Target Diversity show social travelers rights Colleges Is hiring just to meet diversity quotas an unfair approach?

Companies are making a big mistake. Many recruiters in India are nudging their human resource (HR) teams to show a preference for hiring women at the junior-most levels, be it candidates looking for jobs on college campuses or those with barely a few months of work experience. This is a quick-fix hiring bias that will not help a company meet its gender-diversity target in the long run.

02.05 / 09:53

Target FIVE Fighting Remark Election social reports Sharad Pawar hits out at PM Modi, says 'I've never seen a prime minister who...'

Pawar was quoted by PTI as saying. Pawar reportedly alleged that PM Modi doesn't talk about the basic issues that people face and diverts their attention. Wondering why Maharashtra was voting in five phases in the 2024 Lok Sabha elections, Pawar said, "It is because Modi can campaign here as much as possible...Those in power are worried." ALSO READ: Sharad Pawar says voting PM Modi back to power is 'dangerous': Wants to bring… Sharad Pawar alleged that PM Modi's frequent remark that if voted to power, the INDIA bloc would bring reservation based on religion, was an attempt to create social tension.

02.05 / 09:53

markets Target CEO performer reports recommendations Q4 results review: IndiaMART InterMESH zooms 10% despite target price cuts as Q4 PAT jumps 79%

IndiaMART InterMESH (Indiamart) surged 10 percent in intra-day deals today (May 2) on the back of robust March quarter (Q4FY24) results. The rise comes even after brokerages cut target price for the stock post its Q4 results. The stock rose as much as 10 percent to its day's high of ₹2,913.

02.05 / 09:19

Target security Research wellness Trade Indus Indus Towers facing a Rs 60 cr shortfall in collections from Vodafone Idea in Q4

Indus Towers collected an extra Rs 360 crore from Vodafone Idea (Vi) towards old dues including interest, but its trade receivables increased by Rs 430 crore sequentially in the FY24 March quarter, indicating a Rs 60 crore shortfall in collections from its key client, analysts said. They added that despite part-clearance of old dues, Indus’ trade receivables have risen sequentially to Rs 6,450 crore in Q4FY24 as the actual collection of Vi’s past outstandings happened in April 2024. “The Rs 430 crore increase in Indus’ trade receivables is due to a timing difference and the amount was subsequently collected in April,” Kotak Institutional Equities said in a research note.

02.05 / 08:39

markets Target Progressive Fed holds rates steady as 'lack of further progress' on inflation signals higher for longer stance

Officials at the Federal Open Market Committee unanimously opted to leave the target range for the federal funds rate at 5.25% to 5.5%, where it has stood since July last year. This followed a series of upside inflation surprises since the FOMC's last meeting in March. In a press conference, Fed chair Jay Powell declined to say whether three rate cuts — the median estimate of Fed officials in March — were still an expectation for 2024. Instead, he reiterated that it will now take more time than initially anticipated for the Fed to gain confidence that inflation is steadily declining t...

02.05 / 08:39

Target FIVE Extreme economy Sustainability Food International OECD revises India's FY25 growth forecast upward to 6.6%

India’s FY25 growth forecast upward to 6.6% from 6.2% projected earlier. “Strong investment and improving business confidence in India are projected to sustain real GDP growth of just over 6½ per cent in both FY25 and FY26, despite relatively sluggish private consumption growth,” OECD said. “Domestic demand will be driven by gross capital formation, particularly in the public sector, with private consumption growth remaining sluggish,” it further added.

02.05 / 08:00

markets IPO Target Strategy Enterprise MSCI recommendations BofA upgrades Vodafone Idea rating to 'Neutral' on tariff hike leverage, lifts price target to ₹14.5

Vodafone Idea from 'underperform' to ‘neutral’ as the brokerage finds VIL offers the highest leverage for tariff hike (5% ARPU increase leads to 12% EPS increase). Moreover, the brokerage pointed out that the recent fundraise by the company is expected to enhance its 4G network coverage, which could mitigate market share declines and enhance competitiveness. Also Read: Prabhudas Lilladher advises long-term SIPs in Aditya Birla Group stocks However, despite these positive aspects, the brokerage refrains from recommending VIL as a buy.

02.05 / 07:59

markets Target Booking economy Sustainability Research wellness Can Nifty 50 climb to 23K this week after US Fed downplaying rate hike buzz?

Indian stock market today: Global equities witnessed a strong rebound after the US Fed meeting, which signaled a willingness to go for a rate cut once there is an ease in the inflation concerns. On Dalal Street, the frontline Indian indices and broad market witnessed buying interest during morning deals, which are still underway.

02.05 / 05:25

markets Target FIVE Research trends Experts recommendations Breakout stocks today: PNB, Power Grid to Adani Power — Anand Rathi recommends these five stocks to buy today

Breakout stocks today: The frontline indices of the Indian stock market extended their early morning gains as bulls are betting high after the US Fed chairman downplayed the US Fed rate hike buzz in the US Fed meeting on Wednesday. Buying in mid-cap and small-cap indices was also witnessed during early morning deals on Thursday. However, these gains are limited as frontline indices are still below their resistance level.

02.05 / 05:25

markets Target Trade Experts reports recommendations Updates Kotak Mahindra Bank share price falls over 4% after KVS Manian resigns; Nuvama downgrades stock, cuts target

₹1,552.55 apiece on the BSE. KVS Manian was recently promoted to the role of Joint MD of Kotak Mahindra Bank and has resigned after 29 years of service. Analysts believe losing a long standing key managerial personal (KMP) is a negative amid many exits in the last one year and on the back of RBI’s recent ban on Kotak Bank.

02.05 / 04:09

markets COST Target security economy Sustainability U.S. Fed says it won’t cut rates until it has ‘greater confidence’ on inflation

The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its two per cent target.

02.05 / 03:33

markets Target Booking trends Trade Experts recommendations Day trading stocks to buy: Adani Power to PNB — Anand Rathi expert recommends three shares to buy today — May 2

Stock market today: Following strong global market sentiments after the conclusion of the US Fed meeting on Wednesday, the Indian stock market is expected to react to this overnight trigger. US Fed chairman Jerome Powell's downplaying the US Fed rate hike buzz is expected to offer some relief to the global markets including Asian and Indian stock markets today. During Wednesday's dealing, US dollar rates came under sell-off pressure and the US dollar index slipped below the 106 mark.

02.05 / 03:33

Target Election cover ‘No dossier on terrorists…New India kills them on their home turf’: PM Modi takes a dig at Congress

PM Modi to BJP candidates: ‘Sensitise voters’ against Congress' divisive agenda He alleged that the Congress wanted to divert the reservation for Scheduled Castes, Scheduled Tribes, and Other Backward Classes (OBCs) and give it to Muslims. On Wednesday, Modi visited the BJP's office in Gandhinagar and addressed two allies in Deesa town of Banaskantha and Himmatnagar town of Sabarkantha.

02.05 / 03:33

markets COST Target Hyundai trends show Maruti Suzuki SUVs have surpassed competitors, but dominance is another matter

₹4,685 crore but missed analysts’ estimates. More importantly, the Ebitda margin of 12.3% trailed consensus estimates of 12.8%. The margin miss was led by a one-off 60-basis-points impact related to CSR and material costs, coupled with reduced CNG vehicle production owing to a shortage of components.

02.05 / 03:33

markets IPO Target Booking security Citigroup band Aadhar Housing Finance IPO price band set at ₹300-315 per share; issue to open on May 8

₹300 to ₹315 per share. At the upper end of the price band, the company plans to raise ₹3,000 crore from the issue. Aadhar Housing Finance IPO comprises a fresh issue of 3.17 crore equity shares aggregating to ₹1,000 crore and an offer for sale (OFS) component of 6.35 crore shares aggregating to ₹2,000 crore.

02.05 / 02:29

Provident Target President War country Department US accuses Russia of using 'chemical weapon' in Ukraine

US State Department accused Russia Wednesday of having used a chemical weapon against Ukrainian forces in violation of the Chemical Weapons Convention, while also announcing fresh sanctions against Moscow. In addition to the chemical agent chloropicrin, Russia also used «riot control agents (tear gas) as a method of warfare in Ukraine, also in violation of the CWC,» the department said in a factsheet. «The use of such chemicals is not an isolated incident, and is probably driven by Russian forces' desire to dislodge Ukrainian forces from fortified positions and achieve tactical gains on the battlefield,» the State Department said.

02.05 / 02:29

markets Target Progressive DOW show reports S&P 500, Nasdaq end lower after Fed rate decision, Powell press conference

Federal Reserve left its key interest rate unchanged, as expected, and indicated that while its next move will likely be a rate cut, continued progress on inflation is not assured. The S&P 500 and the Nasdaq ended lower while the Dow Jones Industrial Average notched a modest gain.

02.05 / 01:53

markets Target Research trends Trade recommendations Stock market today: Trade setup for Nifty 50 after US Fed meeting, seven stocks to buy or sell on Thursday — May 2

Stock market today: Following strong global market sentiments after the US Fed chair downplayed the rate hike buzz in the US Fed meeting on Wednesday, the Indian stock market is expected to react to this overnight trigger. This US Fed news is expected to offer some relief to the global markets including Asian and the Indian stock markets today. On Wednesday, US dollar rates came under profit-booking pressure and the US dollar index came below the psychological 106 level.

02.05 / 01:43

Provident Target Google President show reports International Google cuts jobs globally, relocates roles, expands hiring in India and Mexico. Here is why

tech giant is expected to hire replacement workers for positions in India and Mexico, CNBC reported citing internal documents. The "core" team at Google, which develops the "technical foundation behind the company's flagship products" along with the user safety online and its global IT infrastructure, was the target of the internal job cuts, announced a day before Google's first-quarter earnings report.

01.05 / 23:13

COST Target Fox CEO reports Investigations Surge in fraud for those 60 or older costs them billions, FBI says

C3.ai chairman and CEO says AI is being used by bad guys in huge ways on 'Cavuto: Coast to Coast.'

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