Target Financial News

IPL matches against each other so far. CSK have won 15 and PBKS 13. Chennai’s highest total against PBKS so far is 240.

₹2,100 crore in capital, exceeding its initial target of ₹1,500 crore. Vikram Gupta, founder and managing partner of IvyCap Ventures, told Mint that the firm exercised a greenshoe option to raise additional capital. Gupta said that approximately 90% of the raised capital originated from domestic investors, with the remaining 10% primarily sourced from IIT alumni worldwide.

Hyundai Motor Group plans to launch its first hybrid cars in India as early as 2026, three sources said, as the South Korean auto group looks beyond electric vehicles to boost its presence in a key auto market. The group, housing Hyundai Motor and Kia Corp, is evaluating a hybrid sport-utility vehicle of size similar to its top-selling, mid-sized Creta SUV in India, said two of the sources who have direct knowledge of the plans. Hyundai and Kia are both targeting the launch of hybrid SUVs in India in 2026 or 2027, one of the sources said, adding that their EV plans for India were also on track.

«As per the F&S report, the petrochemical side is going to be added in the capex where these cracking furnaces are going to be prospective in the future,» says Goutam Rampelli, Whole Time Director, JNK India. Meanwhile, Pravin Sathe, CFO, JNK India says, «So far as the capex plans are concerned, we did not have any capex plan in the near future as per the RHP. We have been an asset-light model and we have a lot of vendors who are empanelled with us and they are capable of meeting the standards that are required for these equipments.» What is the outlook when it comes to the demand for the company's products, like O&G upgradation as we are seeing capex gather pace both internationally as well as domestically? Goutam Rampelli: Yes, this oil and gas and also the petrochemical industry is going to have much more growth than they expected. And as per F&S report what we have seen earlier that it is going to be Rs 6,300 crore market value for this heating equipment.

IvyCap Ventures, which backed startups such as BlueStone, Purplle and Biryani By Kilo, has announced the final close of its third fund at Rs 2,100 crores. Through this fund, the firm plans to invest in about 25 early-stage startups, with average starting investment amount ranging from Rs 30-50 crore. It has already deployed 40% of the capital from the third fund to startups such as Dhruva Space, Snitch, Celcius Logistics, GradRight, Eggoz and Flexifyme.

Stock Market News: The Sensex and Nifty 50, the domestic major indices, started Tuesday's trading day higher. Amidst robust global cues, the frontline indices continued to rise for the second day in a row. Early trading saw new record highs for the Bank Nifty and Nifty Midcap 100 indexes, while the India VIX, a measure of fear, climbed by more than 2%.

₹841 crore in the fourth quarter of FY24 as against a net profit of ₹692 crore in the same period a year ago. Tata Chemicals said during Q4FY24 it recognised a non-cash write-down of assets with respect to UK (Lostock Plant), aggregating to ₹963 crore which has been disclosed as an exceptional loss. The Tata Group company’s revenue in the quarter ended March 2024 declined 21.1% to Rs 3,475 crore from ₹4,407 crore, YoY.

In the dynamic realm of the stock market, transactions occur continuously as investors engage in buying and selling securities. However, amidst this bustling activity, one crucial aspect that investors consistently emphasise on and discuss is the concept of the holding period.

₹10,200 apiece on the BSE. UltraTech Cement Q4 results were announced on Monday and the stock had ended 2.7% higher during the session. The country’s largest cement manufacturer reported strong earnings for January-March quarter as its consolidated net profit rose 36% to ₹2,258 crore from ₹1,666 crore year-on-year (YoY), beating estimates, led by a decline in fuel costs and double-digit volume growth.

Day trading guide for today: The Sensex and the Nifty 50, key indices of the Indian stock market, concluded the trading session with notable advances, on April 29. The Sensex commenced trading at 73,982.75, surpassing its previous closing figure of 73,730.16, and reached an intraday peak of 74,721.15, marking an increase of 991 points, or 1.34 percent.

Also Read: Stock market today: Sensex, Nifty 50 jump 1% each; mid, smallcaps hit record highs; investors earn about ₹3 lakh crore The positive US tech quarter profits and the decline in the US 10-year yield helped the Indian benchmark indices to recover, according to Vinod Nair, Head of Research at Geojit Financial Services. Due in large part to its impressive fourth-quarter performance, the Bank Nifty excelled domestically. It is anticipated that consistent profits along with a reduction in Middle East tensions would keep the market optimistic.

A suspected missile attack by Yemen’s Houthi rebels targeted a ship in the Red Sea, the latest assault in their campaign against international shipping in the crucial maritime route

Tata Sons has raised its shareholding in Tata Play to 70% by acquiring Singaporean government-owned investment firm Temasek's 10% stake in the company for about $100 million (close to ?835 crore), said people in the know. The direct-to-home (DTH) firm has been valued at $1 billion, down from its previous pre-pandemic valuation target of $3 billion. I&B Min told About New Shareholding

Tata group-backed Indian Hotels Company (IHCL) is aiming for double-digit topline growth this fiscal and plans to open 25-30 hotels. It will also launch hotels overseas but its primary target will remain India's thriving hospitality industry. «Our commitment extends to maintaining zero net debt while accumulating cash reserves, positioning us strategically for future investments in cash deployment, capex, M&A, or strategic reserves,» Puneet Chhatwal, MD, IHCL, told ET in an interview. He said while FY25 will be a 'breakthrough year' for the company's international expansion, the primary focus will remain on the Indian subcontinent. «We're expanding internationally with a target of at least three hotels outside of India, with contracts already signed, including two in Bhutan, and ongoing discussions for locations such as Dubai, London, Frankfurt, and others. We have two hotels under construction in Dhaka and several negotiations underway in the Indian peninsula, Sri Lanka, and nearby regions,» he said.

BENGALURU : Wipro Ltd’s new chief executive officer Srinivas Pallia stands to make up to $7 million in remuneration in his first year. India’s fourth-largest technology services company has also agreed to pay $4.33 million to former CEO Thierry Delaporte, a first-of-its-kind cash payment made to any outgoing executive in the company’s history. Delaporte’s annual remuneration, when he was in office, was $10.1 million.

India to over $4 billion in the current financial year ending June from $1.3 billion two years ago, its regional vice president for Asia and the Pacific Riccardo Puliti told ET. He said climate finance would occupy an even greater focus in the financial institution's future investment in the country. IFC is the World Bank's lending arm focussed exclusively on private sector in developing countries. «Nearly 41% of IFC's total investment this year is related to climate finance; 41% is already very high and will go higher because the whole Indian economy is moving in that direction,» Puliti highlighted.

Tata group-backed Indian Hotels Company (IHCL) has set an ambitious aim of a double digit topline growth this fiscal, besides plans of opening 25-30 hotels. It will also launch hotels overseas, but its primary target will remain India's thriving hospitality industry. “Our commitment extends to maintaining zero net debt while accumulating cash reserves, positioning us strategically for future investments in cash deployment, capex, M&A, or strategic reserves,” Puneet Chhatwal, MD and CEO of IHCL, told ET in an interview. Chhatwal said while FY2025 will be a 'breakthrough year' for international expansion, the primary focus will remain on the Indian subcontinent.

National Bank of Canada is opening an office in Paris to cater to supranational and government-backed issuers, a segment that’s selling euro-denominated bonds at a record pace this year.

gender equality have three times higher loyalty, productivity, and motivation than those working with laggards, a survey said on Monday. Deloitte's 'Women @ Work' survey said the transition to full-time work has resulted in difficult adjustments for many women professionals. Around 41 per cent women have asked for a reduction in their hours, 31 per cent said it has negatively impacted their mental well-being. These parameters are better for those who are returning to office in a hybrid setup, the survey said.

Solana (SOL/USD) has experienced a notable setback, dropping 5% overnight to trade at $135. Holding the fifth position on CoinMarketCap with a market capitalization of $60.41 billion, Solana’s downturn highlights the volatility inherent in the cryptocurrency market.

Treasury options traders are protecting against everything from multiple interest-rate cuts this year to a hike ahead of the US Federal Reserve meeting this week.