Target Financial News

21.02 / 09:31

Target Waters Election President country cover "We are with them..." says Congress Chief Mallikarjun Kharge on Farmers Protest

Congress National President Mallikarjun Kharge on Wednesday, expressed strong support for the ongoing farmer's protest, declaring that the party stands firmly with them. «We are supporting them (farmers). We are saying openly that their reasonable demands should be fulfilled. We are going to say this in our election manifesto also that a legal guarantee will be given. All crops cannot be covered but the essential crops should be done (providing MSP),» Mallikarjun Kharge said. Reacting to the farmers' protest, Madhya Pradesh Congress president Jitu Patwari targeted Prime Minister Narendra Modi saying he promised to double the minimum support price of farmers during the 2014 elections but did not fulfil it.

21.02 / 09:31

markets Target Manufacturing Cycling Aon cover India Inc likely to give 9.4% average pay hike in 2024: Aon

India Inc. is likely to give an average pay hike of 9.5% in 2024, marginally lower than last year’s actual salary hike of 9.7% amid tepid business sentiment in sectors like technology, consulting and services, e-commerce, and retail. The salary hike forecast for the Indian market was announced by Aon plc, a global professional services firm, in a virtual press conference on Wednesday. The projections are based on data from 1,414 companies covering nearly 45 industries.

21.02 / 09:03

COST UPS Target BLOCK security Trade Jindal Steel & Power share price gains 3%: 2 key reasons why analysts expect 12-16% upside for the stock

Jindal Steel & Power share price gained more than 3% in intraday trades on Wednesday. The Jindal Steel share price that is up almost 32% since 1st November and also scaled 52-week highs in February itself. Jindal Steel had impressed with the December quarter performance as its net profits more than doubled over the year-ago quarter.

21.02 / 08:41

markets Target ETF BlackRock Bitcoin stage Bitcoin Price Prediction: $150,000 Target as ETFs Propel $1T Market Cap

Bitcoin price holds above $52,000, marking nearly a 1% rise on Wednesday, sets the stage for a notable journey ahead. This surge comes on the heels of the U.S.’s nod to Bitcoin ETFs by financial behemoths Fidelity and BlackRock, propelling Bitcoin’s market valuation back to the $1 trillion mark.

21.02 / 07:43

Target Aware country social information reports Investigations Data breaches at PMO and EPFO, In-Cert officials brought in to probe allegations

Employees’ Provident Fund Organisation (EPFO), sources told The Economic Times. They added that officials from the Indian Computer Emergency Response Team (Cert-In) are tasked with examining the situation. “We are aware of it but need to verify if the claims being made are correct.

21.02 / 07:43

markets UPS Target FIVE Manufacturing reports Jefferies downgrades Biocon to ‘underperform’, sees 11% downside; here's why

Biocon to 'underperform' from 'hold'. However, Jefferies has maintained its target price of ₹250 for the stock, implying an 11 percent downside from its current market price of ₹281.50. "We downgrade Biocon to Underperform from Hold with an unchanged PT of ₹250.

21.02 / 07:11

markets Target trends Experts testing recommendations Technical Stock Pick: 20% rally in 3 months! Will Mphasis cross 3000 levels?

Mphasis Ltd, part of the IT industry, has rallied by about 20% in the last 3 months to hit a fresh 52-week high in February 2024 and the chart pattern suggests that the rally may not be over yet. Short-term traders can look to buy the stock for a target above Rs 3000 in the next 2-3 months, suggest experts.

21.02 / 07:11

Target Action Cronos crypto regulation Ransomware reports International Over 200 Crypto Accounts Linked to Ransomware Operator LockBit Frozen

A coordinated international operation has targeted one of the leading ransomware operator group LockBit, freezing over 200 cryptocurrency accounts linked to their activities.

21.02 / 07:11

markets Target WhatsApp Trade show reports recommendations Union Bank of India share price jumps 7% on Rs 3000 crore QIP

Union Bank of India's share price jumped 7% to Rs 151 in Wednesday's trade on BSE after the state-owned bank approved a Rs 3,000 crore share sale proposal at a floor price of Rs 142.78 per share to fund its business growth. The floor price is at a marginal premium compared to the previous day's closing price of Rs 141.1. The bank also announced the opening of the issue on February 20.

21.02 / 06:57

UPS Target economy wellness pandemic reports HSBC profits soar in 2023, announces share buyback despite geopolitical, economic concerns

HSBC noted the effects of China's slower-than-expected economic recovery after the Covid-19 pandemic as well as heightened geopolitical tensions. The firm reported pre-tax profits of $30.3 billion, up from $17.1 billion the year before, in a statement to the Hong Kong stock exchange. Profit after tax increased by $8.3 billion, to $24.6 billion.

21.02 / 06:57

UPS Target Fighting War reports Indians Trapped in War Zone: Lured with job, now fighting for Russia against Ukraine, says report

Uttar Pradesh, Gujarat, and Punjab, have reached out to authorities for help, including to Member of Parliament, Asaduddin Owaisi. They claim the men were promised jobs with high salaries but ended up trapped in a dangerous situation. One man, who wished to remain anonymous, said he and two others were recruited through a YouTube channel and transported to Russia in November 2023.

21.02 / 05:47

UPS Target Reuters Yellow Trade Bitcoin Gold price today: Yellow metal trades higher ahead of US Fed meeting minutes; may face resistance at ₹62,310

₹76, or 0.12%, at ₹62,243 per 10 grams. MCX Silver price was up by ₹150, or 0.21%, at ₹71,405 per kg. International gold prices were steady, helped by a slightly weaker dollar as investors looked forward to minutes of the last US Federal Reserve policy meeting due later in the day for more clarity on its interest rate path, Reuters reported.

21.02 / 05:47

markets Target Platform Strategy Research reports Amazon looking to launch low-priced fashion and lifestyle products vertical in India

Amazon, is set to venture into a new market segment — low-priced fashion and lifestyle — with the launch of Amazon Bazaar, targeting the Indian value customer, as per an Economic Times report. The move comes as demand for mass-market products slows down and Amazon faces a deceleration in its own growth. Amazon Bazaar has initiated the onboarding process for sellers, urging them to list unbranded fashion and lifestyle products, including apparel, watches, shoes, jewellery, and luggage, priced below ₹600, the report said citing the company's communication to merchants.

21.02 / 05:47

markets Provident Target security Strategy Nestle performer Nestle, Varun Beverages, Jyothy Labs are top 3 picks of Axis Securities in the FMCG space post Q3

Nestle India Ltd , Varun Beverages, Jyothy Labs are top 3 picks of Axis Securities in FMCG segment post the December quarter results. The consumer companies saw impact of weak demand on their December quarter performance even though the falling commodity prices provided cushion to their operating performance. “Most staple companies under our coverage have indicated a subdued demand environment, particularly in the mass end of the segment, as rural areas continue to face pressure", said analysts at Axis Securities.

21.02 / 05:09

markets UPS Target Platform Trade International HSBC 2023 profit surges, announces $2 bln buyback

Investing.com-- Asia-focused lender HSBC Holdings PLC (HK:0005) (LON:HSBA) clocked weaker-than-expected profit growth for 2023, but still marked a record-high pre-tax profit as it benefited greatly from higher interest rates across the globe, with the bank also announcing an up to $2 billion buyback.

21.02 / 03:29

markets UPS Target Trade Experts recommendations F&O stocks to buy today: ICICI Bank, HDFC Bank among top 9 trading ideas for 21 February 2024

The Nifty future closed positive with gains of 0.27% at 22231 levels on Tuesday. India VIX moved up by 0.31% from 16.02 to 16.07 levels.

21.02 / 01:21

Citi Target Dash CEO security Research reports Federal Bank tanks as hopes of Kotak top exec joining fade

Federal Bank fell 5.3% on Tuesday as the elevation of KVS Manian at Kotak Mahindra Bank dashed expectations of the senior banker joining the Kerala-based lender. The stock had risen recently on reports that Manian is one of the top candidates for Federal Bank's next chief. «We believe any stock run-up attributed to this news flow should come off,» said brokerage Emkay Global's analysts Anand Dama, Kunaal N, and Marazbaan Dastur in a client note. «This raised hopes for the replacement… with a pedigreed external candidate from a large bank as MD.»

21.02 / 01:09

markets Target Platform wellness students stage Schools Edtech’s AI push has its share of doubting Thomases

edtech platforms move towards deploying artificial intelligence tools to enhance offerings, a clear divide has emerged within various segments of the industry. While higher education and upskilling startups are anticipating greater benefits from the technology, those servicing schools and students on a large scale may run into some headwinds, founders and executives at edtech companies told ET.

21.02 / 00:51

markets Target Sustainability Trade Experts recommendations Buy or sell: Vaishali Parekh recommends three stocks to buy today — February 21

Buy or sell stocks for today: Domestic market benchmark Nifty 50 crossed the coveted 22,000 mark for the first time, hitting its fresh record high of 22,215.60, in intraday trade in the previous session, with shares of HDFC Bank, Axis Bank and Power Grid among the top contributors. The domestic market witnessed significant volatility on Tuesday, with the Nifty 50 index swinging 170 points during the session. The Nifty 50 finally closed 75 points, or 0.34 per cent, higher at 22,196.95.

21.02 / 00:51

markets Target security Research trends Trade recommendations Day trading guide for stock market today: Nine stocks to buy or sell on Wednesday — 21st February

Stock market today: The Indian stock market ended higher for the fifth straight session on Tuesday, February 20. Throughout the day, the Nifty reached a high of 22,215.6 and a low of 22,045.85. The Sensex traded between 73,130.69 and 72,510.24, ultimately closing at 72,708.16, a 0.48% increase compared to the opening price, with a gain of 349.24 points.

21.02 / 00:35

markets Target Food Research CIBC reports Headlines Inflation rate slows more than expected, falling within the Bank of Canada's target range

Canada’s inflation rate slowed to 2.9 per cent in January, marking the first time since June that it has fallen within the Bank of Canada‘s target range of one to three per cent.

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