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government has set the target of producing 170 million tonnes of coal from captive and commercial coal blocks in the country during the current financial year. In FY24, captive and commercial coal blocks produced 147.12 million tonnes (MT) of dry fuel, 26 per cent higher from 116 MT produced in FY23. According to an official, additional secretary, coal, M Nagaraju this week reviewed the coal production targets for FY25. Representatives of 74 coal mines were present in the review meeting. "Coal block allottees are confident of achieving the production target of 170.0 MT in 2024-25," the official said.

The SEC has reached settlements with five investment advisory firms, which will pay a collective $200,000 in penalties, after a targeted sweep discovered practices that breached its marketing rule.

Ambuja Cements and ACC Ltd, is targeting to capture around one-fifth of the Indian cement market by FY28. Adani Cement business will implement its accelerated capex program through internal accruals and the business will continue to "remain debt free," said an investor presentation shared by Ambuja Cements. Besides, Adani Cement also amplifies the pace of capacity expansion and is expected to have an accelerated growth rate of 16 per cent to reach 140 MTPA (million tonnes per annum) by FY2028.

₹7,229.10, the scrip is almost 12 percent away from its record high of ₹8,192.00, hit on October 6, 2023. But, it has recovered 25 percent from its 52-week low of ₹5,780, hit on April 12, 2023. Meanwhile, in the long term, shares of Bajaj Finance have delivered over 4000 percent return to their shareholders in the last 10 years.

Adani group, which owns Ambuja Cements and ACC Ltd, is targeting to capture around one-fifth of the Indian cement market by FY28. Adani Cement business will implement its accelerated capex program through internal accruals and the business will continue to «remain debt free,» said an investor presentation shared by Ambuja Cements. Besides, Adani Cement also amplifies the pace of capacity expansion and is expected to have an accelerated growth rate of 16 per cent to reach 140 MTPA (million tonnes per annum) by FY2028. «Adani Cement market share targeted to be 20 per cent by FY'28 from current 14 per cent,» the Adani group firm said.

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Sudeep Shah, Head of Technical & Derivatives Research (Equity & Currency), SBI Securities, says “given the kind of up move that we have witnessed from 21,800 right up to 22,700, if the markets consolidate here, it would be a nice thing and going forward 22,450, 22,500 will act as a strong base. Till the 22,450-22,500 zone holds, we could see this up move extending up to 22,950-23,000 in the next few sessions.” Shah also says: “I feel Aditya Birla Capital from a medium-term perspective can be bought with a stop loss at Rs 200 on the downside and Rs 220 on the upside. The second stock that we like is MCX.” What do you make of the market setup because after that big runup that we have seen for the last three consecutive sessions, do you see some sort of topping out for the market right now or do you see more legs to this? Sudeep Shah: What we are witnessing in the markets is that overall the indices are in an uptrend, but global cues of rising dollar index, we have been witnessing the US 10-year bond yields also rising in the last few sessions and the inflation numbers which have come higher than expected.

TCS) in the global consulting practice, has taken legal action against the tech giant, alleging discriminatory employment practices. In a lawsuit filed in a US court, Devorin claims that TCS exhibits bias towards H-1B visa-holder employees of Indian/South Asian origin while targeting older American workers for termination to make room for Indian nationals and «freshers». Devorin has demanded a jury trial to address these allegations of discrimination. According to the complaint, Devorin was informed in July last year that his team was disbanded, and he was required to apply for a consultant role directly on an engagement. Despite his persistent efforts through emails and applications, Devorin's attempts did not progress beyond the initial stage. He believes that the resource management group intentionally hindered his applications. In contrast, a younger Indian employee swiftly secured a role and was offered multiple positions, none of which were extended to Devorin.

The ongoing conflict between Israel, the United States, and Iran and its regional allies in Lebanon, Iraq, Syria, and Yemen continues to escalate tensions in the Middle East. The recent Gaza war, triggered by Hamas's October 7 attack on Israel, resulted in significant civilian casualties and hostage-taking.

«I think these are broadly the themes which from a stock market perspective could do well. Then, the power demand could go up and that could benefit some of the power companies supplying on merchant basis and I think that those stocks already also had some sort of run up because of this,» says Sandip Sabharwal, asksandipsabharwal.com. Let us begin by getting in your thoughts then on the latest brokerage notes as well that are coming in from something like a Zomato. JM Financial has raised the target price and categorically said there is no signs of slowing down. Your views? Yes, so I think among the new generation companies which got listed, Zomato has been the one which has shown the fastest turnaround. Now, the pace of turnaround I believe is already built into the stock prices and this is a normal phenomenon when price reaches a particular level, then the brokerage upgrades the price targets. But the price target is aggressive. So, even a small amount of slippage in expectations can lead to a sell-off. So, I would think that the stock is more than fairly valued at this price. I would believe that the valuations are on the higher side at 196 levels.

Computer Age Management Services (CAMS) shares jumped 6% to Rs 3,220 in Friday's trade on BSE after the Reserve Bank of India (RBI) granted authorisation to the company to operate as an online payment aggregator. CAMS got an in-principle authorisation from RBI back in February 2023, the company said, adding that the certificate of authorisation bearing No 183/2024 was received on April 10, 2024 by the company.

JM Financial raised its price target on Zomato to Rs 260 from Rs 200 while maintaining a Buy rating on account of the company’s quick commerce business Blinkit’s exponential growth. “Zomato’s Blinkit quick commerce business is growing rapidly with no signs of slowing. Recent reports indicate the company will increase investments, likely after Blinkit achieves break-even EBITDA in 1QFY25. This will likely lead Blinkit to surpass Zomato’s food delivery business in size and build long-term competitive advantages.” says Swapnil Potdukhe of JM Financial.

JM Financial initiated coverage on Bharti Hexacom Ltd (BHL), which listed at a premium of 32.5% today, with a buy recommendation and a price target of Rs 790. Shares of the company were trading on BSE at Rs 767 on Day 1. “We expect BHL’s ARPU to grow at 10% CAGR, consisting of two elements: 6-7% ARPU CAGR due to regular tariff hikes; and 3-4% ARPU CAGR due to Bharti Airtel’s premiumisation strategy.” read the report by JM Financial.

India VIX, a measure of volatility in Nifty, was reported at 11.36, up 2.29% over Wednesday's closing. Indian equity markets were closed on Thursday on account of Eid-Ul-Fitr (Ramzan Id).

MI vs RCB IPL 2024: Mumbai Indians (MI) won their second match in the tournament, defeating Royal Challengers Bengaluru (RCB) by seven wickets on April 11. During the post-match press conference, Ishan Kishan's first question was about his selection for the upcoming T20 World Cup. “That is something that is not in my hand.

MI vs RCB IPL 2024: Royal Challengers Bengaluru (RCB) did not have much to celebrate once Mumbai Indians (MI) came out to bat. However, the MI vs RCB IPL 2024 match on April 11 at the Wankhede Stadium saw an outstanding catch—one of the finest ever in IPL history. English cricketer Reece Topley was standing at short fine leg when Rohit Sharma tried to hit one over his head for a boundary.

Day trading stocks to buy today: On account of strong global market sentiments despite the global rating agency Fitch downgrading its outlook for China, the Indian stock market ended higher on Wednesday. Two out of three benchmark indices — the Nifty 50 and the Bank Nifty — climbed to a new peak of 22,775 and 49,057 respectively. The Nifty 50 index had the highest-ever closing of 22,753 as well.

U.S. Cybersecurity and Infrastructure Security Agency said Russian government-backed hackers have used their access to Microsoft's email system to steal correspondence between officials and the tech giant, an emergency directive by the U.S. watchdog released on Thursday showed. In the directive dated April 2, the agency warned that hackers were exploiting authentication details shared by email to try to break into Microsoft's customer systems, including those of an unspecified number of government agencies.

Fed won't make its move until after Americans go to the polls. Rate futures markets now show investors see a first rate cut as most likely occurring at the Fed's Sept. 17-18 meeting after data showed inflation through the entire first quarter of 2024 was stiffer than expected and had demonstrably slowed progress on bringing it back to the Fed's 2% target.

Buy or sell stocks for today: Following strong global market sentiments, the Indian stock market ended higher on Wednesday. Two out of three benchmark indices — the Nifty 50 and the Bank Nifty — climbed to a new peak of 22,775 and 49,057 respectively. The Nifty 50 index had the highest-ever closing of 22,753 as well.

Sensex climbed 354 points to close above the record 75,000 mark for the first time while broader Nifty scaled a fresh lifetime high on Wednesday. Stocks that were in focus included names like Canara Bank, which jumped nearly 0.62%, Paytm, which fell 1.16%, and PB Fintech, whose shares rose 3.22% on Wednesday.