Target Financial News
08.01 / 12:55
08.01 / 12:17
08.01 / 09:55
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Sula Vineyards shares skyrocket 17%, hit new high as CLSA revises target price; here's what the brokerage expects
Sula Vineyards, the largest wine producer in India, saw a massive rise in its stock price in today's trade, increasing by almost 17.30% to reach a new historic high of ₹649.95 apiece, following an 11.40% jump in the previous trading session. Today's surge came in response to global brokerage firm CLSA's positive outlook on the company.
08.01 / 09:53
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Mamaearth shares surge 10% on likely block deal worth Rs 142 crore
Honasa Consumer jumped over 10% to hit their 52-week high of Rs 490 on the NSE on Monday following a block deal where over 32 lakh shares were reported to have changed hands. The floor price of the deal was Rs 437 per share, which is a discount of nearly 2% from the previous close of Rs 445.65. The total transaction value was Rs 142 crore, according to the media reports. The stock witnessed strong investor interest as nearly 51 lakh shares traded on the NSE around 2:35 pm.
08.01 / 09:51
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Denmark announces alliance on green fuels in India
Chennai: Denmark has announced its Green Fuels Alliance India (GFAI) initiative to boost collaborative efforts between the two countries in the sustainable energy solutions sector and advance their joint global goal towards carbon neutrality. Led by the Danish Embassy and the Consulate General of Denmark in India, the new alliance is a strategic initiative poised to play a pivotal role in advancing the green fuels sector, including green hydrogen, by fostering innovation, collaboration, and partnerships between Danish industries and their counterparts in India. GFAI's primary objective is to promote sustainable energy growth in India by establishing an ecosystem that encourages collaboration among businesses, government entities, research institutions, and financial stakeholders from both the Indian and Danish sectors. Nine pioneering Danish organisations have already committed to the GFAI initiative as founding members, including Maersk, Topsoe, Umwelt Energy, Mash Makes, European Sustainable Solutions, Novozymes, Danfoss, Brdr.
08.01 / 07:22
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Hybrid to full-time office: Hong Kong workers seek 6% hike. Here's why
CBRE Group Inc. Compounding the issue, mainland companies, which historically contributed to rising rentals, accounted for only 11% of new leases in 2023, down from 18% in 2021. In response to the potential demand for increased in-office presence, 27% of respondents sought a salary raise, predominantly targeting a 6% or higher increment, while another 24% contemplated changing jobs to secure flexible work arrangements.
08.01 / 06:14
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Stocks to buy this week: Zomato, CAMS, REC, Bank of India among 12 technical picks; do you own any?
₹640 on the weekly chart, supported by a strong bullish candle, indicating a positive bias. The stock rebounded to ₹695, experienced a throwback to the breakout zone, and subsequently rallied beyond the swing high of ₹695, signalling the continuation of the uptrend. It is followed by a rising channel formation since mid-April 2023, suggesting a medium-term uptrend.
08.01 / 04:17
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Day trading guide for stock market today: Six stocks to buy or sell on Monday — 8th January
Day trading guide for today: Despite weak global market sentiments, two out of three key benchmark indices of the Indian stock market finished higher on Friday. Nifty 50 index added 52 points and closed at the 21,710 level, and BSE Sensex regained the 72,000 mark by adding 178 points in the last session of the week gone by. However, the Bank Nifty index went off 36 points and finished at 48,159 level.
08.01 / 02:11
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Buy or sell: Vaishali Parekh recommends three stocks to buy today — January 8
Buy or sell stocks for today: Despite cautious global market cues, the Indian stock market ended higher after trading range-bound throughout the day on Friday. Nifty 50 index added 52 points and closed at the 21,710 level, and BSE Sensex regained the 72,000 mark by adding 178 points in the last session of the week gone by.
08.01 / 01:01
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Advertisements get cash counters ringing at quick commerce and food delivery companies
Zepto, or the delivery partner’s icon on Swiggy’s order tracking page change into a pack of Oreo cookies. Advertising is quickly becoming an important way for platforms like Swiggy, Zomato, Blinkit and Zepto to bump up their overall revenue, industry executives and advertisers told ET, while the diversity of brands advertising on these platforms is also expanding.
08.01 / 01:00
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Pre-market action: Here's the trade setup for today's session
markets will take cues from the third quarter earnings season, which will be kick-started by TCS and Infosys on January 11. HCL Tech, Wipro, and HDFC Life and a few others will also announce their results this week. «Overall we expect markets to remain in a positive range. Stock-specific action will gather pace with the start of the earning season,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS
07.01 / 21:30
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week
Street Calls of the Week: Apple gut punched
Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Verizon and GM; downgrades for Apple and PayPal.
07.01 / 19:27
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Passenger vehicle makers miss fuel efficiency targets
carbon dioxide emissions by 45% by 2030 from the 2005 levels. Indian makers of passengers vehicles comprising cars, vans, and utility vehicles achieved corporate average fuel economy (CAFE)- a measure of carbon emission of a vehicle — of 116.78 gm per km in the year ended March 31 2023, missing the target of 113 gm per km set by the ministry of road transport & highways (MoRTH), said several people aware of developments. «It's still work-in-progress, and we have yet to take a final call. There will be a lot of stakeholder consultations cutting across various ministries.
07.01 / 17:56
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Mint BFSI Awards 2023: A stellar jury picks the finest
Crisil Ltd; and Nithya Easwaran, managing director, Multiples Alternate Asset Management Pvt. Ltd. Mint’s knowledge partners in this exercise were howindialives.com and Fisdom.
07.01 / 17:56
COST
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2024
budget 2024
Budget 2024 hopes: Stay steadfast on capex-led growth
MUMBAI : Domestically, the backdrop is that of an impending general election, and, traditionally, an incumbent government cannot present a full Union budget in such a year. Whereas, globally, the setting is that of a debate on debt and sustainability amid falling growth. But that shouldn’t necessarily be the context for the upcoming budget.
07.01 / 17:55
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FIVE
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VinFast unveils $2 billion investment for integrated electric-vehicle manufacturing facility in Tamil Nadu
electric vehicle facility in Tamil Nadu. The automaker, eyeing to break into the world’s third-largest automobile market, confirmed its commitment to invest $2 billion in the state. The company has earmarked an initial investment of $500 million, the EV giant said in a statement, for the first phase of the project, spanning five years from the commencement date.
07.01 / 17:54
markets
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Manufacturing
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What the surprise manufacturing slowdown means
₹50 trillion for the first time in November last year. Many factors have contributed to it. The pace of new orders has been slower than in previous months.
07.01 / 16:13
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Blinken flags risks of wider war to Arab partners as Israel marches south; clash with Hamas enters 4th month
Gaza Strip, let's take stock of the situation. The Israeli military has reportedly signaled that they have wrapped up major combat in northern Gaza, saying it has completed dismantling Hamas' military infrastructure there. Israeli defense forces spokesperson Rear Adm.
07.01 / 16:13
Target
Reuters
Manufacturing
Apple
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2024
Global Investors Summit 2024: ‘Barriers to exporting from China limited’, says Raghuram Rajan
Global Investors Meet 2024 organised by the Tamil Nadu government here. “Don't oversubsidize manufacturing and think that's the only part to growth... Services are also a big part of the growth story, and let's not treat services as a stepchild less valuable, less amenable to low-skilled jobs.
07.01 / 15:38
07.01 / 14:45
Citi
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Reuters
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Russia launches 28 drones, three missiles at Ukraine - Ukraine's air force
(Reuters) -Russia launched 28 attack drones and three cruise missile at Ukraine overnight, Ukraine's air force said on Sunday, adding that its air defence systems destroyed 21 of the drones.
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