Target Financial News

ALSO READ: Lok Sabha Elections 2024: 10 high-profile Congress turncoats in BJP and their last electoral performance The Election Commission called Randeep Surjewala's purported “lick" remark against Hema Malini "undignified, vulgar and uncivilised". The show-cause notice sought his response by April 11.

The S&P BSE Sensex climbed Mount 75K for the first time to hit a record high of 75,124 while the Nifty50 hit a record high of 22,768.

Raju Waghmare, a spokesperson of the Maharashtra unit of Congress, on Tuesday quit the party and joined the Shiv Sena led by Chief Minister Eknath Shinde. He joined the Sena at a function at 'Anand Ashram', former residence-cum-office of late Sena leader Anand Dighe, here. Speaking on the occasion, Shinde said the party will benefit from his experience. Waghmare would be a deputy leader and spokesperson of the Shiv Sena, he announced. Talking to reporters, Waghmare claimed the Congress' failure to make a strong claim to Sangli and Bhiwandi Lok Sabha seats during the seat-sharing talks in the Maha Vikas Aghadi alliance led to confusion and concerns among party workers.

Reliance Industries (RIL), global broking firm Morgan Stanley has taken an overweight stance on the oil-to-retail conglomerate with a price target of Rs 3,046, signaling an upside potential of 2%. RIL’s energy vertical, which had experienced de-rating over the past decade due to expectations of a rapid decline in global fuel demand, is now set to reflate, the brokerage said.

UBS managing director and senior portfolio manager Jason Katz says the 2% inflation target is arbitrary on Varney & Co.

A banner running down the side of the European Commission’s headquarters in Brussels depicts cartoon workers recladding its 13-floor façade with solar panels. The illustration might come across as a cruel joke to residents of the Belgian capital, for whose leaden skies the phrase “fifty shades of grey" could have been coined. But thanks to green edicts devised by the Euro-wallahs at the commission, the continent’s fields and rooftops are being paved with very real photovoltaic cells.

Kalyan Jewellers India who have seen robust revenue growth in the quarter ended March 2024. In Q4FY24, both Titan Company and Kalyan Jewellers continued to report strong demand prints. The same store sales growth (SSSG) too remained healthy at more than 15% and robust double-digit for Kalyan Jewellers and Titan, respectively.

BSE Sensex achieved a record-breaking level of 75,124, and the Bank Nifty ascended to a new peak of 48,940. Meanwhile, analysts also noted that today's rally is broad-based, with the small-cap index nearing its all-time high and the mid-cap index reaching a new pinnacle at the 41,172 mark.

Adani Green Energy Ltd. is in talks to raise about $400 million through an offshore loan as the unit of billionaire Gautam Adani seeks funds for an upcoming renewable project, according to people familiar with the matter. The foreign currency loan could range from seven to ten years, with the pricing likely linked to the Secured Overnight Financing Rate, said the people, who asked not to be named because the discussions are confidential. The unit of India’s ports-to-power conglomerate is in talks with a group of banks including Mitsubishi UFJ Financial Group Inc., First Abu Dhabi Bank PJSC, Standard Chartered Bank and Sumitomo Mitsui Financial Group Inc., said the people.

Hyderabad water board is embarking on a collaborative initiative with 18 NGOs to promote rainwater harvesting (RWH) across residential areas. The targeted demographic encompasses approximately 32,000 consumers identified as the highest users of water tankers, based on a recent survey conducted by the Hyderabad Metropolitan Water Supply & Sewerage Board (HMWSSB), a TOI report stated.

«I think if you look at the overall market rally in the last one year, it has been very sector specific,» says Vishal Malkan, malkansview.com. What do you make of this? Do you think this breakout is something that can take us to much higher levels or do you see that perhaps there is a bit of a buying fatigue at play, people are waiting by for the earnings to set in? What is your view for the index in the very immediate term, let us say one week? I think the way Nifty has been performing above that 22,700 mark is commendable. It is staying above that with volumes and there is broad participation also from midcaps and the big banks, as well as the metal sector.

Prime Minister Justin Trudeau says Canada is exploring the possibility of joining the second phase of AUKUS, a U.S.-led alliance with the United Kingdom and Australia.

Day trading stocks for today: The Indian stock market began the fresh week on a higher note as two out of three benchmark indices touched a new peak on Monday and the BSE listed stocks crossed ₹400 lakh crore. The Nifty 50 index scaled a new peak of 22,697 mark while the BSE Sensex hit a new high of 74,869 during Monday deals. In the broad market, the small-cap index came close to its lifetime high while the mid-cap index climbed to a new peak of 41,113.

Bandhan Bank fell more than 6% Monday after founder and chief executive, Chandra Shekhar Ghosh, announced a voluntary exit despite a board nod to continue in the top job. Brokerages Jefferies and Nomura have slashed their target prices for the stock of the Kolkata-based lender that emerged as a full-service bank after decades of operations as a microfinancier.

Buy or sell stocks for today: Following positive global market sentiments, the Indian stock market ended higher on Monday. Two out of three frontline indices hit a new lifetime high and the market cap of the BSE-listed stocks crossed ₹400 lakh crore. The Nifty 50 index touched a new lifetime high of the 22,697 mark and finished 152 points higher at the 22,666 level.

HUDCO) is looking to tap East Asian countries such as Singapore and Taiwan to raise funds this fiscal year after a similar successful exercise in Japan, chairman and managing director Sanjay Kulshrestha told ET. «Japan was the maiden attempt to raise funds via external commercial borrowing, and we have been received very well. There is a good arbitrage; we are getting funds at 6.5%-80-100 bps lesser than the domestic funds,» said Kulshreshta, noting that the company's fundraising may surpass its original aim. HUDCO was planning to raise $100 million from Japan but is confident of landing nearly double that amount. Kulshreshta, who took charge of HUDCO last year, said the company may even tap the US market after the Fed initiates rate cuts.

BJP and the NDA for 2024. All BJP leaders from PM Modi and Union home minister Amit Shah to the lower-level party workers, have been emphasising on this number during the campaigns. However, apart from the BJP, its allies will have to play a major role in delivering the numbers. Though seat-sharing is yet to be finalised in some states, the BJP allies are contesting on around 100 Lok Sabha seats across eight states and the northeast region. The BJP has given 23 seats to its allies JDU, LJP(Ram Vilas), RLM and HAM in Bihar. In 2019, RLP and HAM were not the part of the alliance and the allies had delivered 22 of the 23 seats. The BJP allies have the challenge to repeat the numbers of 2019. In neighbouring Uttar Pradesh, the BJP has upped its stake this time with the party contesting 75 seats and giving two seats each to the RLD and Apna Dal and one to SBSP. In Jharkhand, like in 2019, the party has given one seat to ally AJSU. None of the senior leaders have campaigned in the state yet.

Microsoft is unbundling its video conferencing platform Teams from the Office suite after a European probe into anti-competitive practices. Bundling of apps is under regulatory scrutiny everywhere. But breaking up Big Tech might not be the magic bullet.

NEW DELHI : The long-delayed privatization of IDBI Bank may be about to speed up, with the central bank examining the suitability of potential bidders. Prem Watsa-backed CSB Bank, Kotak Mahindra Bank and Emirates NBD are among those who have submitted initial bids for the government's majority stake in IDBI Bank, media reports have said. According to two people aware of the matter, the Reserve Bank of India (RBI) is currently studying whether the potential bidders adhere to its 'fit and proper criteria' for running a financial services entity.

Wells Fargo raised its year-end target for US benchmark S&P 500 index to 5,535 on Monday — the highest among Wall Street brokerages — citing optimism around artificial intelligence and a potential easing of borrowing costs. The index has gained 9% so far this year, broadly boosted by expectations of interest rate cuts and investor frenzy around the AI boom.

Former Kansas City Federal Reserve Bank President Thomas Hoenig reacts to Jerome Powell saying the Fed is not ready to start cutting rates on 'Cavuto: Coast to Coast.'