Target Financial News

Earlier this week, Bitcoin broke out of a sideways trend that started in early February. The cryptocurrency surged toward $64,000 in the first days of the week and has since hovered around $63,000.

(Reuters) — Dell Technologies (NYSE:DELL) shares surged more than 20% on Friday after the tech equipment maker provided an annual forecast that was largely ahead of Wall Street expectations and reinforced rising demand for AI-related gear.

Goldman Sachs' “Conviction List — Directors' Cut,” the bank’s selection of top buy-rated stocks, no longer includes Apple (NASDAQ:AAPL), the investment giant said in a Friday note. Apple stock fell 0.8% on the news.

foreign exchange reserves surged by of $2.98 billion to $619.07 billion for the week ending on February 23, latest data by the Reserve Bank of India (RBI) showed on Friday. Previously, forex reserves dropped by $1.13 billion to $616.1 billion, for the week ended on February 16, 2024. According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) increased by $2.41 billion to $548.19 billion. Expressed in dollar terms, the FCAs include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

The IRS plans to go after 125,000 high-income earners who did not file tax returns going back to 2017

Vice President Kamala Harris plans to return to the swing state of Wisconsin next week for an event touting worker apprenticeship programs

Shaffer wrote on X, formerly known as Twitter. “Making that change would better target externalities and transition the tax system for an EV future.”The leader of the Opposition said she would not object to establishing “equity” between EV and ICE vehicle drivers, and appreciated the need to fund road maintenance.

Delegating well is the six-pack of management: widely desired and harder to achieve the older you get. In theory, handing appropriate decisions off to people lower down the corporate ladder means greater satisfaction all round. Bosses get more time to concentrate on the issues that really deserve their attention.

Marrfa, an innovative platform aimed at changing the cross-border real estate investment landscape, said it has successfully closed its pre-seed funding round of an undisclosed amount. This round is led by Foundamental, a global VC firm based in Berlin, Germany, and also sees significant investment from Prashant Malik, General Partner at Tykhe Block Ventures, in his individual capacity. Founded by serial entrepreneur Jamil Ahmed, Marrfa is set to democratise access to high-yield real estate investment opportunities worldwide, specifically targeting the challenges within the $270 billion unstructured cross-border real estate market. Ahmed, credited with co-founding Fashinza and scaling it to a $300 million valuation across four continents within three years, is utilising his vast experience in cross-border investments and trade flow to innovate within the traditional real estate industry. Marrfa introduces a seamless platform for identifying lucrative real estate investment opportunities, enabling comprehensive information access with a single click.

Apollo Hospitals Enterprise Ltd. with a target price of Rs 6800. The current market price of Apollo Hospitals Enterprise is Rs 6051.7. Apollo Hospitals Enterprise Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 87239.18 Crore) operating in Hospitals & Allied Services sector.

Godrej Consumer Products with a target price of Rs 1500. The current market price of Godrej Consumer Products is Rs 1273.9. Godrej Consumer Products Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 130419.82 Crore) operating in FMCG sector.

Thyrocare Technologies with a target price of Rs 725. The current market price of Thyrocare Technologies is Rs 686.5. Thyrocare Technologies Ltd., incorporated in the year 2000, is a Mid Cap company (having a market cap of Rs 3631.76 Crore) operating in Hospitals & Allied Services sector.

Happy Forgings with a target price of Rs 1125. The current market price of Happy Forgings Ltd. is Rs 954.9. Happy Forgings Ltd., incorporated in the year 1979, is a Small Cap company (having a market cap of Rs 8921.20 Crore) operating in Auto Ancillaries sector.

The Nifty future closed positive with gains of 0.28% at 21983 levels on Thursday. India VIX was down by 4.65% from 16.33 to 15.57 levels. Volatility cooled off after steaming in the entire week and paved the way for the bulls in the market.

Day trading guide for Indian stock market today: Aided by monthly F&O expiry and MSCI rebalancing volumes, the Indian stock market witnessed sharp upside movement in the last 30 minutes of the Thursday session. The Nifty 50 index ended 31 points higher at 21,982 level, the BSE Sensex went up 195 points and closed at 72,500 mark whereas the Bank Nifty index scaled 157 points north and ended at 46,120 level. Cash market volumes on the NSE rose to 1.45 lakh crore due to MSCI rebalancing volumes.

Buy or sell stocks for today: Aided by monthly F&O expiry and MSCI rebalancing volumes, the Indian stock market witnessed sharp upside movement in the last 30 minutes of the Thursday session. The Nifty 50 index ended 31 points higher at 21,982 level, the BSE Sensex went up 195 points and closed at 72,500 mark, whereas the Bank Nifty index scaled 157 points north and ended at 46,120 level.

₹22,200 crore, he is set to inaugurate the Visakh Refinery Modernization Project (VRMP), which is being carried out by Hindustan Petroleum Corporation Ltd (HPCL). This project aims to modernize and boost capacity at the Visakh Refinery in Visakhapatnam, Andhra Pradesh, with an investment of ₹26,264 crore.

During the US session, Bitcoin price is exhibiting a slight bearish correction, giving up most of it’s gain to trade at $60,750, a 0.70% increase over the last 24 hours.

fiscal deficit in the first 10 months of the 2023-24 financial year (FY24) — at 63.6% of the revised annual target — compared with 67.8% a year ago, putting a lid on revenue spending amid improved revenue mop up, official data released on Thursday showed. This further bolsters the official assertion that the Centre would meet its revised FY24 fiscal deficit goal of 5.8% of gross domestic product (GDP), a tad better than the budgeted 5.9%, despite a moderation in nominal GDP growth from the initial target. In absolute terms, the fiscal gap until January for FY24 dropped 7.3% from a year ago period to ₹11.03 lakh crore, on the back of a sharp decline in five of the past six months. The deficit in December alone fell over 39% on-year to ₹ 1.20 lakh crore.

₹9.5 trillion as their tax share, which was 31.1% of the reported gross tax revenue of the Centre, well below the adjusted target of 40.8 %. The reason for that shortfall is that Central cesses and surcharges (education, health, familiar to all taxpayers), superimposed on the basic tax structure are excluded from the shareable revenue base because they are supposedly temporary add-ons. States accuse the Centre of using them as a stratagem to reduce the statutory payment to states.

Investing.com-- Oil prices edged higher Thursday as traders digested key U.S. inflation data as well as differing cues on supply from the U.S. and the Organization of Petroleum Exporting Countries.