Target Financial News

By Siddharth Cavale

UltraTech Cement but downgraded MGL to sell. Jefferies downgraded IIFL Finance to hold and JPMorgan maintained an overweight rating on RIL.

IIFL Finance tanked 20% on Wednesday to fresh 52-week low of Rs 382.20 on the NSE following a downgrade by global brokjerage Jefferies. The US brokerage has slashed its target price to Rs 435 from an earlier target of Rs 765 while recommending a ‘hold’ rating versus 'buy' it held earlier. The downgrade comes after the Reserve Bank of India (RBI) directed the company to cease and desist from sanctioning or disbursing gold loans or assigning/securitising/selling any of its gold loans.

Investing.com-- Oil prices fell slightly in Asian trade on Wednesday amid persistent concerns over slowing demand this year, although steady production cuts by the OPEC+ and little de-escalation in the Israel-Hamas war heralded tighter supplies.

By Ankur Banerjee

Stock market today: The domestic equity market benchmarks, including the Nifty 50 and the Sensex, halted their four-day winning streak due to subdued global cues, on Tuesday, March 5. The Nifty 50 concluded the trading day with a decrease of 49 points, representing a 0.22 percent decline, closing at 22,356.30. Similarly, the Sensex finished at 73,677.13, marking a dip of 195 points or 0.26 percent.

BSE Sensex dropped 195.16 points to end the session at 73,677.13. Meanwhile, the Bank Nifty index outperformed the Nifty 50 and ended 125 points higher at 47,581. In the broad market, the Nifty Smallcap 100 index declined 1.24%, while the Nifty Midcap 100 index fell 0.27%.

More than $1.2 trillion flowed into money market funds last year, a veritable tidal wave of cash crashing on the sidelines. So what’s going to happen to all that moolah when – and if – the Federal Reserve starts cutting interest rates?

D.A. Davidson analysts initiated research coverage on Installed Building Products (NYSE:IBP) and TopBuild Corp. (NYSE:BLD) on Monday.

By Saqib Iqbal Ahmed

B. Riley Securities analysts downgraded Genesco (NYSE:GCO) stock from Buy to Neutral and reduced the price target from $45 to $31 based on valuation.

Many shall be restored that now are fallen and many shall fall that now are in honour— Horace After having fallen during covid, the Indian economy now finds itself among the most honoured globally. Most high-frequency indicators are firing vigorously and recent headline GDP numbers have been buoyant beyond expectations. A fiscally restrained budget in an election year and sensible policy interventions have ensured that confidence in the economy and the government’s ability to manage it is high, and the stock market is undergoing one of its periodic bouts of exuberance.

by inflation and high borrowing and credit card costs. The company reported its first annual decline in sales — 1.7% — in seven years. Target delivered a 58% increase in fourth-quarter profits and handily beat Wall Street expectations as the retailer cut costs and maintained a lean inventory during the critical holiday season.

The S&P 500 ended February with a gain of more than +5% for the eleventh time in history. The last time we had a February up more than +5% was in 2015.

Ram Mandir inauguration in January, hackers and cyber criminals, predominantly from China and Pakistan, were constantly targeting the websites of the Ram Temple, Prasar Bharti and other digital assets of critical infrastructure in Uttar Pradesh (UP), officials told ET. The government had blocked 1244 IP addresses, of which 999 were from China alone. «The rest of the blocked addresses were from Pakistan, Hong Kong and Cambodia,» officials said. Since the government had anticipated a rise in cyber-attacks during the inauguration, all the pre-emptive measures were put in place. The Telecom Security Operation Centre (TSOC) was monitoring around 264 websites including that of the Ram Temple, Prasar Bharti, UP Police, airport, UP tourism, and the power grid among others round the clock to prevent any cyber-attack. «It was a 7-day drill to guard the digital assets as we had anticipated a rise in cyber-attacks. Since the main event was on January 21, we had to secure the assets before and after the event also,» a person privy to the details said.

Mint. Asset managers are not allowed to share any commissions or incentives other than the prescribed trail commissions. Trail commission refers to a fee that mutual funds pay their distributors as long as those who bought MF units stay invested.

₹41 lakh, going up to ₹53 lakh ex-showroom for an all-wheel drive variant. The Seal has a range of up to 650 km for its top-end rear-wheel drive model.

New Delhi: The plan to restructure Sri Lanka’s debt could be completed by June, two people aware of the matter said, as the island-nation prepared to reach an agreement with its creditors in the coming months. "We expect that the agreements will be finalized around June, which will help settle the debt restructuring process with Sri Lanka," said one of the officials mentioned above, requesting anonymity. In May 2022, India's southern neighbour defaulted on its overseas debt after its worst financial crisis since independence in 1948 emptied out foreign exchange reserves.

China reiterated a call for "reunification" with Taiwan, but added emphasis that it wants to "be firm" in doing so and dropped the descriptor "peaceful", which had been used in previous reports. Although it is not the first time that China had omitted the word "peaceful", the change in language is closely watched as a possible sign of a more assertive stance towards Taiwan. China has been increasing its military budget, and it has been more than doubled under President Xi Jinping's 11 years in office, Reuters reported.

Palestinian officials say an Israeli airstrike has killed at least 17 people in the southern Gaza city of Khan Younis

Rajnath Singh on Tuesday witnessed the combat prowess of aircraft carriers INS Vikrant and INS Vikramaditya in a «twin-carrier» operation in the Arabian Sea and addressed the top naval commanders on the evolving maritime security scenario in view of geo-political upheavals. The inaugural session of the three-day naval commanders conference saw Singh embarking at sea to witness the Navy's ability to conduct operations deploying both the aircraft carriers. In his address to the commanders, Singh highlighted the Navy's important role in maritime security and maintaining India's sovereignty and urged the commanders to remain prepared to deal with all kinds of challenges while assuring the government's all-possible support. «If India's reputation has increased in the Indian Ocean Region and wider Indo-Pacific, it is due to the bravery and promptness of our Navy,» he said.