Target Financial News

As the working week drew to a close in Frankfurt, Deutsche Bank AG’s Christian Sewing was on a roll. Upbeat first-quarter earnings had sent the lender’s shares to the highest level since 2017, bolstering a perception that the firm had finally shaken off its scandal-prone past.

Market Rebellion co-founder Pete Najarian discusses delayed rate cuts by the Fed, inflation and U.S. markets.

BJP on Monday claimed that it is the Congress and its allies which intends to change the Constitution to give reservation to Muslims on religious grounds, as the ruling party accused them of misleading Dalits and other disadvantaged Hindu groups against the Modi government. BJP MP Brij Lal said Prime Minister Narendra Modi has reiterated time and again that no one can change the Constitution, as envisaged by Bhim Rao Ambedkar. The former IPS officer, who comes from the Scheduled Castes, told reporters that it is the Congress which has amended the Constitution the most number of times and even suspended its provisions to impose the Emergency in 1975. The Congress and its allies are spreading this narrative to mislead people, especially Dalits, that the BJP will end reservation, Brij Lal said, speaking on an issue over which the two main contenders for power have been targeting each other during the ongoing Lok Sabha polls.

BSE shares was brought to a screeching halt on Monday after market regulator Sebi asked the bourse to pay regulatory fee based on notional turnover and not premium turnover. Preliminary calculations done by the stock exchange shows that it could lead to an additional payout of Rs 165 crore plus GST. Based on the annual turnover considering notional value of option contracts, the total differential Sebi regulatory fees from FY 2006-07 to FY 2022-23, would be approximately Rs 68.64 crore plus GST, which includes interest of Rs 30.34 crore. For FY24, the differential Sebi regulatory fees for the year could be around Rs 96.30 crore plus GST.

Thai authorities recently cracked down on a crypto mining operation suspected of stealing electricity. The raid in Samut Sakhon and Ratchaburi netted over 650 mining devices valued at more than 200m baht (about $5m).

«The most important thing to understand is that we believe that the valuation of Apollo HealthCo will go up by many multiples and this will happen because of the integration of Keimed,» says Suneeta Reddy, MD, Apollo Hospitals. Congratulations on firstly the deal. Outline for us what Advent really brings on the table besides of course growth capital and how is it that you see the synergies build in. The most important thing is that Advent is bringing capital to the table. They are bringing 300 million for 12.1% of the combined entity, which is the current Apollo HealthCo plus Keimed, so they will get 12.1%. In terms of their exit, there is an optionality that can be triggered post five years and I think we have many options on how to handle their exit.

Supreme Industries share price: Shares of Supreme Industries continued witnessing strong buying interest on Monday, April 29, as the stock jumped over 8 per cent in morning trade on BSE, buoyed by the company's healthy March quarter result. Supreme Industries share price opened at ₹4,430.55 against its previous close of ₹4402.30 and rose over 8 per cent to hit the day's high of ₹4,758.85 in Monday's trade so far. Around 11:30 am, Supreme Industries share price traded 7.88 per cent higher at ₹4,749 apiece.

Apollo Hospitals Enterprise fell over 8 percent in intra-day trading today (April 29) after the firm announced that it will raise ₹2,475 crore (approximately $300 million) through private equity firm Advent International for its unit Apollo HealthCo. This unit manages Apollo's Apollo 24/7 vertical. Additionally, there are plans to merge Keimed, a promoter-owned wholesale pharma distribution business, with Apollo HealthCo over the next 24 to 30 months.

BSE tumbled 19% to Rs 2,612 in Monday's trade on NSE after the Securities and Exchange Board of India (Sebi) asked BSE to pay a regulatory fee to the former based on the annual turnover fee considering «notional value» in the case of the options contract. This is the biggest single-day drop the stock has seen since its listing in 2017. BSE in its filing to the exchanges on Friday stated that the regulator has also asked the company to pay a differential regulatory fee for the past periods with the applicable interest of 15% per annum on the amount remaining unpaid or belatedly paid or short paid for every month of delay.

The consolidated revenue from operations was reported at Rs 28,499 crore, up 5.3% from Rs 27,059 crore in Q4FY23.

YES Bank on Monday jumped up to 9% to day's high at Rs 28.50 on BSE after reporting a 123% year-on-year (YoY) surge in its March quarter profit to Rs 452 crore. The rise in PAT is attributed to income tax refunds (including interest on refund of Rs 118 crore) aggregating to the tune of Rs 247 crore received during the quarter.

₹475 mark on January 4, 2024, ITC experienced a significant decline of approximately 75 points, or 16 per cent. However, in the subsequent 18 trading sessions, ITC showed stability by avoiding further declines and consolidating within a range of ₹400-416. In the previous trading session, notable buying interest was observed at lower levels, accompanied by substantial trading volume.

Stock market today: After the announcement of strong Q4 results 2024 on Saturday, Yes Bank shares witnessed strong buying in early morning deals on Monday. Yes Bank share price today opened upside at ₹27.50 apiece on NSE and went on to touch an intraday high of ₹28.55 per share within a few minutes of the stock market's opening bell, logging to the tune of an 8 percent intraday rise on Monday.

₹12,966 apiece on the BSE with its market capitalisation surpassing ₹4 lakh crore. Maruti Suzuki India, the largest passenger car manufacturer in India, reported a net profit of ₹3,878 crore in Q4FY24, registering a sharp growth of 48% from ₹2,623 crore in the corresponding period last year. The company’s revenue from operations during the quarter rose 19.3% to ₹38,235 crore from ₹32,048 crore, YoY.

Stock market today: After the profit-booking trigger on Friday, the Indian stock market snapped its five-day winning streak in the previous session. The Nifty 50 index lost 150 points and closed at the 22,419 level, the BSE Sensex shed 609 points and finished at the 73,730 mark whereas the Bank Nifty index corrected 293 points and ended at the 48,201 level. However, the broad market continued to rally northward even as the advance-decline ratio remained firm at 1.06:1.

Prime Minister Narendra Modi accused the grand old party of the Bengaluru's Rameshwaram Cafe blast. Moreover, he also alleged the party taking support of the banned Popular Front of India (PFI)-the anti-national organisation that supported terrorism in the state. "The way Congress has taken the help of PFI for the vote bank encourages them.

Day trading stocks to buy today: Following weak global market sentiments, the Indian stock market snapped its five-day winning streak on Friday last week. The Nifty 50 index lost 150 points and closed at the 22,419 level, the BSE Sensex shed 609 points and finished at the 73,730 mark whereas the Bank Nifty index corrected 293 points and ended at the 48,201 level. However, the broad market continued to rally northward even as the advance-decline ratio remained firm at 1.06:1.

Though I typically focus on investment topics, I’m shifting gears to discuss a different aspect of finance: digital financial security. There have been numerous instances, where senior citizens have been primarily targeted in digital thefts. Are we going through a spate of financial frauds, wherein someone calls you with a story, and if you are gullible, you end up giving money digitally? Apparently, there have been crores of attempted frauds in the past few months.

Yemen's Houthis have struck again, with reports emerging of an oil tanker damaged and a US drone shot down amid escalating tensions over Israel's offensive in Gaza, Al Jazeera reported. In his latest televised address, the Houthis' military spokesman, Yahya Saree, claimed responsibility for targeting the «British oil ship Andromeda Star» in the Red Sea with naval missiles. The vessel sustained minor damage, according to the US Central Command (CENTCOM), but is continuing its journey unimpeded. There were no injuries reported among the maritime military coalition deployed in the area to counter such attacks.

Rohit Jawa is clear about the job at hand, which is to nudge India's largest consumer goods company to move “faster than the clock speed of India". Before taking over the corner room of HUL in June 2023, Jawa, 57, served as chief of transformation for Unilever in London, where he piloted the company's end-to-end transformation from January 2022. Jawa expressed surprise at the pace of change in India in an interview late last week, a day after HUL announced its earnings for the fourth quarter, where the company reported a 2% jump in underlying volumes, similar to the previous two quarters.

Warren Buffett’s favourite Japanese trading houses, according to a person familiar with the matter. The size of the activist group’s investment is around “several tens of billions of yen," the person said, asking not to be identified because the transaction hasn’t been publicly disclosed. Every ¥10 billion ($63 million) investment is equivalent to a 0.2% stake in Sumitomo, based on Friday’s closing share price of ¥3,909.