Target Financial News

Investing.com-- Oil prices fell in Asian trade on Monday, extending losses from the prior week as markets remained on edge over slowing demand while largely looking past a tighter supply outlook for 2024. 

Sensex gained 33.40 points to close at 74,119.39, while the Nifty 50 settled 19.50 points, or 0.09%, higher at 22,493.55. Nifty 50 formed a small negative candle on the daily chart with a minor lower shadow. Also Read: Indian stock market: 8 key things that changed for market over weekend - Gift Nifty, Japan’s GDP to China inflation “Technically, this pattern indicates breather type formation post sharp upside breakout of Wednesday.

Buy or sell stocks: Despite strong global cues on a possible US Fed rate cut buzz, the Indian stock market remained range-bound on Thursday last week. The Nifty 50 index added 19 points and closed at the 22,493 level, the BSE-sensitive index Sensex went up 33 points and ended at the 74,119 mark whereas the Bank Nifty index finished 129 points lower at 47,865 level.

Technical analysts predict Nifty is likely to advance towards 22,600, followed by 23,000, with robust support at 21,920. They suggest stocks such as Oracle Finance, HDFC Life, Marico, Pidilite, ICICI Bank, Maruti, Cipla, Sun Pharma, Larsen & Toubro, PNB, HAL, and Dixon could continue to attract significant buying interest. RUCHIT JAIN LEAD RESEARCH, 5PAISA.COM

By Ryan Woo and Liangping Gao

fitness as Delhi Capitals found her short of crease to win a cliffhanger against Royal Challengers by a solitary run in the Women's Premier League on Sunday. Needing 17 off last over to reach a target of 182, Richa, who blasted 51 off 29 balls, smote left-arm spinner Jess Jonassen for a 78 metre straight six and another maximum off the penultimate delivery to bring the equation down to two runs off the final delivery. However Richa, not exactly known for being the fittest among Indian cricketers despite brute power in her strokes, wasn't fast enough to beat Jonassen, who whipped the bails off in a flash to restrict RCB to 180 for 7. DC, with their fifth win, are now on 10 points and lead the table due to superior net run-rate (+0.918) compared to Mumbai Indians (+.343).

By Yousef Saba and Maha El Dahan

Federal regulators are putting off a decision on Eli Lilly’s potential Alzheimer’s treatment with an unusual request to have an advisory committee examine the drug

Officials say an attack by Yemen’s Houthi rebels set off explosions ahead of a Singapore-flagged vessel in the Gulf of Aden

Arizona officials say a Saudi-owned company they targeted over its use of virtually unfettered amounts of groundwater to grow forage crops is moving its farming operation out of a valley in the Southwestern state’s rural west

NLC India Limited on Sunday signed an MOU with the Government of Rajasthan for the formation of a Joint Venture to set up a 125 MW Lignite Based Power Plant and 1000 MW Solar Power Plant. The MoU between NLC India Limited and Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RVUNL) entails a staggering investment of more than Rs 7,000 crores, according to an official statement. Among the notable projects, the MoU outlines the establishment of a 125 MW Lignite Pit-head Thermal Power Plant in Bikaner district and a massive 1,000 MW Solar Power Plant, further reinforcing NLCIL's commitment to renewable energy initiatives.

New Delhi: Sekura Energy, an energy sector-focused platform of Edelweiss Infrastructure Yield Plus Fund, is the front-runner to buy solar projects totalling 350 megawatts (MW) from O2 Power, two people aware of the development said. The deal is likely to have an equity and enterprise value of $50 million and $200 million, respectively, the people said. The sale process is being run by EY.

YSRCP's poll campaign from Andhra Pradesh's Bapatla district on Sunday, chief minister YS Jagan Mohan Reddy asserted that the upcoming elections were «one versus all». At his fourth 'siddham (ready)' rally in Addanki, which is dominated by Kammas, YSRCP chief Reddy set a target for his party to win all 175 assembly seats. He asked: «Why not 175?» Incidentally, Reddy's main rival, TDP supremo N Chandrababu Naidu, hails from the Kamma community. The rally was organised a day after TDP stitched an alliance with BJP and Jan Sena for the Lok Sabha and assembly polls in Andhra Pradesh.

Baloch National Movement's human rights department, Paank, in their monthly report highlighted worrisome statistics about the human rights oppression in Pakistan. In the report, Paank mentioned that a total of 28 torture victims, five extrajudicial killings, and 33 enforced disappearances were recorded in February. The same report further mentioned the alarming rise in cases of enforced disappearances and extrajudicial killings in Balochistan.

tax administration, a brainstorming is underway to figure out ways to deal with the ‘retrospective’ character of the Black Money law — a disputed feature of the stern statute that was passed nearly a decade ago to overcome the limitations of the Income Tax Act and target wealth stashed abroad. In the past few years, hundreds of writ petitions have been filed in multiple high courts of the country, challenging the sweeping power of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act (BMA) that empowers the taxman to go after foreign bank accounts and assets which were opened or acquired years ago but discovered only recently by the I-T department. The petitions before the court have questioned whether a law — that could put the offender behind bars for 7 years — can be used to punish someone for an offence that was committed when the specific law did not exist. Such a safeguard allowed under the Constitution has put the powerful BMA in a limbo, with some of the courts granting stay, the tax office unable to recover money in many cases, and several assessments coming to a halt.

Bharat Shakti', a synergised demonstration of indigenous defence capabilities in the form of a tri-services live fire and manoeuvre exercise, in Rajasthan's Pokhran on March 12. Modi will also visit Gujarat on Tuesday to launch multiple development projects, the Prime Minister's Office (PMO) said in a statement on Sunday. The 'Bharat Shakti' will have on display an array of indigenous weapon systems and platforms as a demonstration of the prowess of the country, premised on the nation's self-reliance initiative, the statement said. The exercise will simulate realistic, synergised, multi-domain operations displaying integrated operational capabilities of the Indian armed forces to counter threats across land, air, sea, cyber, and space domains, it added.

Target's stock jumps 12% on better-than-expected Q4 earnings and revenue, with an optimistic earnings forecast for fiscal 2024, leading to analyst upgrades.

Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Sunday said «we are not afraid of political challenges» and lashed out at the BJP for adopting unfair and undemocratic means to weaken the democratic process of the state. Addressing a public gathering in Solan after dedicating Rs 186 crore developmental projects to the people in the constituency, Sukhu said, «We are not afraid of political challenges. We will face every challenge with determination and will realise the vision of self-reliant Himachal by 2032.» He said that some well-known elements were using hard-earned money of the taxpayers and evil force to topple a democratically elected government, a statement issued here said. While the Himachal Pradesh government's focus was entirely on taking the state forward on the path of sustainable growth, the BJP centered itself in adopting unfair and undemocratic means to weaken the government, he added.

lakhpati didi" and asserted that women's welfare is their priority. The PM was speaking after virtually inaugurating the 'Mahtari Vandan' scheme in Chhattisgarh to provide monetary assistance to women. «It is fortunate that today I got an opportunity to dedicate the Mahtari Vandan scheme aimed at empowering 'nari shakti'. Under the scheme, we had promised to give Rs 1,000 per month to more than 70 lakh women and today, the BJP government has fulfilled it,» Modi said addressing the function via video conference. The first installment of Rs 655 crore was deposited into the bank accounts of beneficiaries (married women) under the scheme on Sunday, he said.

BEIJING (Reuters) — Shanghai Zhenhua Heavy Industries (ZPMC) said on Sunday its cranes do not pose a cybersecurity threat, after U.S. congressional committees questioned the Chinese state-owned company's work on cranes bound for the United States.

By Maha El Dahan and Yousef Saba