Target Financial News

Mint looks at what catalysed the mop-up, its benefits and the outlook for next year. As of 10 February, the net collection of direct tax (after adjusting for refunds) has increased by 20.25% and stood at ₹15.6 trillion. This is already 80% of the revised budget estimate of ₹19.5 trillion with two months still left to go in the financial year 2024.

Mangaluru-headquartered private lender Karnataka Bank bets big on technology to drive its business growth. Bank’s MD & CEO Srikrishnan H shares his views on the bank’s future in a chat with ET’s KR Balasubramanyam. Edited excerpts: Karnataka Bank was started with the goal of responding to the needs of the agriculture sector. In the crowded space of present-day banking, how do you see the bank’s future? Our bank adopted an agri- lending model on a large scale much before the regulations on priority sector lending kicked in. We will continue this legacy as we enter the next 100 years with continued focus on rural, agriculture, MSME and retail business. We are implementing technology-based deliveries in each of these verticals.

Yotel is in advanced discussions and is evaluating opportunities to hopefully sign its maiden hotel project in India this year, said its chief executive Hubert Viriot. In an interview to ET, he said, “The population density, the growth in domestic and international travel are factors that are conducive for us to be successful in India. Apart from looking at specific projects, we are also in advanced discussions with a number of groups for potential partnerships here. I am quite confident that we should succeed this year, and that we should be able to announce our first partnership here this year.” Yotel has hotels around airports and city centres in markets such as Singapore, London, New York, Istanbul, San Francisco, Washington DC and Paris. Backed by the Al-Bahar Group and Starwood Capital Group, it works with private equity funds, pension funds and real estate developers to build hotels that it claims are designed for 'Generation Go' or young professionals on the move.

Analysts at Mizuho raised their price targets for AI-related stocks NVIDIA (NVDA), Broadcom (NASDAQ:AVGO), AMD (NASDAQ:AMD) and Credo Technology Group Holding (NASDAQ:CRDO) in a note this week, saying they expect the companies to report strong earnings.

Mint about the launch of the tablet, Epic Foundation’s Chowdhry said that the long-term goal for such products in the electronics ecosystem would be to build brand value and recognition in terms of products. “India is a predominantly services-driven economy when it comes to electronics, which is a slim-margin business.

₹3800 per share. "We expect AEL's EBITDA to double from FY23 to FY26 and grow 3x+ by FY28. We build the contribution of new biz scaling from 40% of consol EBITDA (FY23) to -75% by FY26 and 85% by FY28, At CMP.

US consumer prices jumped at the start of the year, tempering hopes for a continued drop in inflation and likely delaying any Federal Reserve interest-rate cuts.

Pacer ETFs Distributors President Sean O'Hara on earnings season, the Federal Reserve's handling of rate cuts as well as the upcoming CPI and PPI reports.

For some people it’s easy to pick the perfect Valentine’s Day gift. They’re buying for themselves. Self-gifting is on the rise for Cupid’s holiday as more consumers grow tired of receiving duds from their spouse or significant other, enjoy the empowerment of treating themselves or celebrate the single life.

The Centre’s direct tax collections, net of refunds, stood at Rs 15.6 trillion as on February 10 in the current financial year, which is 20.3% higher on year, a release issued by the finance ministry said. The collections accounted for 80.2% of the revised estimate (RE) target for FY24.

B. Riley Securities analysts downgraded The Children’s Place (PLCE) stock to Sell from Neutral and reduced the target price to $4 from $19, citing an “unfavorable” risk-reward evaluation.

X-ray polarimetry mission XPoSat launched on January one, has commenced its scientific observations. A pulse profile of the Crab pulsar is generated from the observations carried out by POLIX during January 15-18, the ISRO said on Tuesday. The Crab pulsar, a pulsating star, resides near the centre of the Crab Nebula and spins about its axis approximately 30 times per second. The POLIX payload was activated in two stages by January 10, and initial scan observations were conducted around the Crab pulsar, the intended first target. The data plotted was collected during January 15-18, and thoroughly reviewed for confirmation. The data aligns with expectations, the space agency said. «This initial observation is a significant milestone for POLIX, showcasing its functionality and readiness for investigating pulsars, black holes, and other astronomical sources,» ISRO said.

«We are targeting $300 billion in production and around $100 billion in exports in the next few years. The ecosystem which is developing is giving us a lot of confidence because now the component manufacturers have started shifting to our country,” Information and Technology Minister Ashwini Vaishnaw said at the ET Now Global Business Summit 2024 a few days ago.. With a huge 22% boost in electronic exports in FY24 which breached the $20 billion mark, the IT Minister believes the target of achieving $100 billion exports in the coming few years is a visible thing. Electronics exports were at $7.6 billion in 2013-14 and $22.7 billion in 2022-23, as per the White Paper issued by the government.

NHPC shares witnesses an impressive 8.4 percent surge following the company's declaration of an interim dividend of ₹1.4 per share for the fiscal year 2023-24, on Tuesday's trading session. Despite facing challenges in the third quarter, analysts maintain a positive outlook on the stock, largely due to its attractive 2.5 percent dividend yield.

Cipla as his ‘Valentine's Day 2024 Pick’. Bagadia has recommended a ‘Buy’ on the pharma stock at ₹1,450 and up to ₹1,415 for a target price of ₹1,600 to ₹1,660. According to the expert, Cipla is currently trading at ₹1,450, moving within the range of ₹1,420 to ₹1,450 and showing signs of readiness for a breakout.

Evercore ISI senior managing director Mark Mahaney makes the case for raising Uber's price target and explains why he's staying away from Snap Inc. on 'Varney & Co.'

Coal India, the world's largest coal miner, saw its shares jump 5.80% to ₹457.85 apiece in today's trade after the company posted a robust set of numbers for the December-ending quarter, beating analysts' estimates. The strong earnings were led by higher other income, lower raw material and overburden removal costs. The company released its Q3 numbers post market hours on Monday, reporting a net profit of ₹9,094 crore, a robust 18% YoY growth.

Manik Saha has successfully navigated a major crisis that saw the state's critical transportation arteries blocked by supporters of the TISF, a student wing of the opposition TIPRA MOTHA party. The blockades, which targeted key national highways and railway lines, effectively isolated Tripura, causing widespread disruption and anxiety among its citizens. The blockades were an escalation of a longstanding demand by the TISF and another wing, the Twipra Students' Federation (TSF), for the recognition of the Roman script for the Kokborok language in educational assessments. This demand, rooted in a 17-year struggle for linguistic recognition, recently gained momentum following statements by Dhananjoy Gon Choudhury, President of the Tripura Board of Secondary Education.

cricket, including the IPL, is crucial. For players like Ishan, who have chosen to prepare for the IPL over participating in the Ranji Trophy, this could mean a significant adjustment. Ishan’s absence from Jharkhand's lineup, following his release from the Indian squad, has sparked debates.

Just a quarter of business economists and analysts expect the United States to fall into recession this year

Authorities say Yemen’s Houthi rebels have fired missiles at a ship bound for a port in Iran, causing minor damage but no injuries to its crew