Target Financial News

Kolkata Knight Riders' sweaty four-run win over Sunrisers Hyderabad in their IPL match here on Saturday. Russell's brutal unbeaten 64 off 25 balls with three fours and seven sixes and Phil Salt's more pragmatic 54 off 40 balls guided KKR to 208 for seven. Left-arm pacer T Natarajan was their most successful bowler with a three-wicket haul (3/32). At several points, SRH threatened to chase 208 down, particularly when Heinrich Klaasen (63, 29b, 8x6s) went berserk in the backend of the innings.

lignite production in India crossed 1 billion tonnes in 2023-24, as of March 22, in line with the government's target for this financial year. The output was 6.7% higher year-on-year. The government's mission for 1-billion-tonne output was a milestone set a few years ago, considering the increasing electricity requirements. Surpassing the 1-billion-tonne mark in coal and lignite production reduces the dependence on imports, the government said.

GTA 6's development is facing challenges, sparking concerns among senior Rockstar executives regarding potential delays in hitting the scheduled release. Bloomberg's February report indicates a supposed directive for employees to resume office work by April 2024, suggesting Rockstar's concern over finalizing development stages remotely and averting a possible release delay until 2026. Despite concerted efforts to maintain progress, uncertainties persist about the game's release timeline.

ET Now: What is your assessment of the current market conditions? We observed from derivatives data that Nifty found solid support at 21,900. Additionally, market breadth displayed bullish tendencies. Do you anticipate a continuation of the relief rally or is consolidation also probable? Rajesh Palviya: This week, both indices experienced a breakdown of crucial support levels. Nifty briefly dipped belo

Buy or sell stocks: The Indian stock market joined the global market rally after the US Federal Reserve and Bank of England kept the interest rate unchanged. The Nifty 50 index added 84 points and finished at 22,096 level, the BSE Sensex gained 190 points and closed at 72,831 mark whereas the Bank Nifty index shot up 178 points and finished at 46,863 level. In the board market, the small-cap index rose more than the Nifty 50 index even as the advance-decline ratio remained positive at 2.7:1.

Comparing PM Modi to Aurangzeb insult to nation: Maharashtra CM Eknath Shinde Separately, CM Shinde on Thursday conducted a Lok Sabha review meeting with the Shiv Sena party cadre in Mumbai's Worli. He urged MLAs to exert maximum effort in their respective constituencies to secure victories. Shinde advised the party members to reach out to the people, ahead of the Lok Sabha elections.

U.S. Embassy in Moscow issued a security alert March 7, warning that its personnel were «monitoring reports that extremists have imminent plans to target large gatherings in Moscow, to include concerts.» The statement warned Americans that an attack could take place in the next 48 hours. The warning was related to the attack Friday, according to people briefed on the matter. But it was not related to possible Ukrainian sabotage, U.S. officials said, adding that the State Department would not have used the word «extremists» to warn about actions ordered from Ukraine.

By Shivansh Tiwary

Metro Brands over high growth prospects driven by the Sports & Athleisure (S&A) category business and key structural trends such as premiumization. ‘’We believe Metro Brands is better positioned with respect to key structural trends like premiumization and rising S&A penetration,'' said Goldman Sachs in its report.

Despite regulatory challenges, Paytm shares can cross ₹500, believes Motilal Oswal, sees 30% upside "What we heard on this quarterly call was that the merchandise margin recovery was coming slower largely due to management actions (reducing core product lines) and that sales through 1H25 would remain in negative territory," Barclays analyst Adrienne Yih, was quoted as saying by Reuters The brokerage Barclays slashed its price target by 20% to $114, marking the most significant adjustment on Wall Street following the latest results. Investors were particularly attentive to executives' remarks, highlighting Nike's prolonged direct-to-consumer (DTC) strategy's failure to spur growth as anticipated. Consequently, the leading sportswear manufacturer is pivoting its focus towards revitalizing relationships with its wholesale partners.

Renewable Energy generation capacity from Reliance Power Limited for Rs 132 crore, the company said on Friday. The power project is located at Jath, Sangli District, Maharashtra. The transaction values of the project at Rs 132 crores is adjusted for net working capital, the company said. «A Business Transfer Agreement has been signed between the parties and the transaction is subject to other customary approvals standard to a transaction of this size,» the company said in a press statement.

By Max Hunder and Tom Balmforth

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The Islamic State group has claimed responsibility for a deadly bombing that targeted people trying to collect their salaries at a bank in southern Afghanistan

More than 440,000 Starbucks-branded mugs made by Nestle and sold during the winter holidays are being recalled after reports of some users receiving burns or lacerations

Arvind Kejriwal was arrested by the Enforcement Directorate, a delegation of leaders of the INDIA bloc parties approached the Election Commission of India alleging «unrelenting, blatant and illegal deployment of Central Agencies» by the ruling BJP to stifle the opposition parties. In a memorandum submitted to the EC, the INDIA party leaders submitted a list of recent instances of central agencies targeting opposition parties and alleged an absence of a level playing field for the opposition. The leaders also suggested that the poll panel should change the heads of the probe agencies during the election to ensure a fair play. Speaking to the media after the meeting, Congress leader Abhishek Manu Singhvi said, «We pointed out this is not a normal complaint, it is a larger issue of effecting, impairing, undermining, and sabotaging the basic structure of the Indian constitution.

Stocks on Wall Street rallied sharply this week, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all notching new record highs.

Hightower Advisors is facing another legal challenge as a leading advisor in its network files a complaint against the firm in Washington.

Amid the volatility in crypto markets, Bitcoin spent the week testing key support levels and reacting to macroeconomic data.

Nike shares tumbled nearly 8% in early trade on Friday after the Air Jordan maker forecast a drop in sales in its first half as it replaces older styles with trendier sneakers in its fight for market share with newer brands. The company plans to trim supplies of classic shoes such as its Air Force 1 and Pegasus, financial chief Matt Friend said on Thursday, to focus on reviving its running shoe category, as well as upcoming launches including its Air Max Dn.

Renault Nissan Automotive India Pvt Ltd on Friday said it has received Platinum category recognition for its efforts on water conservation from internationally accredited body DQS. Germany-headquartered DQS is an internationally accredited ISO certification agency specialising in audits, assessments and training across the globe. The firm conducted a rigorous audit at RNAIPL factory in February 2024, the company said in release issued on World Water Day today, The certification marks the success of Renault Nissan Automotive India Pvt Ltd (RNAIPL) in implementing a comprehensive strategy to reduce the Chennai manufacturing facility's water footprint through extensive rainwater harvesting and recycling of wastewater, among other steps. The company said that it has also set a target of achieving a 21 per cent reduction in water usage by 2030. The Chennai-manufacturing facility uses recycled water for a variety of industrial purposes. «RNAIPL has an unwavering commitment to sustainability and responsible water management.