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Indian Oil Corp. and Bharat Petroleum Corp. Ltd., both under government control, had initially planned rights issues to raise up to 220 billion rupees and 180 billion rupees, respectively, with government backing.

retirement planning. Although not an absolute assurance, it establishes a distinct goal to strive for, offering a tangible benchmark and imparting a sense of the financial stability required for a retirement characterised by comfort. Crafting your retirement fund involves more than just ensuring financial survival; it revolves around securing the freedom to pursue your passions and lead a gratifying life during retirement.

Key reasons for analysts maintaining positive outlook- These include reasonable valuations the stock now trades at. Furthermore, the expectations remain high for consumer-oriented businesses as that of telecom and retail that now contribute more than half to Reliance Industries consolidated operating profits. The Capex cycle is behind, and the profitability improvement may be driven further by any tariff hikes in Jio.

(This story originally appeared in on Jan 05, 2024)

oil refiners it could halve a proposed Rs 30,000-crore ($3.6 billion) package aimed at supporting investments to manage the energy transition. State-controlled Indian Oil Corp. and Bharat Petroleum Corp.

Ayodhya, was a business manager with a leading insurance company before he lost his job during Covid-19 two years ago and was rendered unemployed. Troubles mounted when his father was diagnosed with cancer, adding to his distress.

Indian Renewable Energy Development Agency (IREDA) witnessed some consolidation in December last year. However, brokerage house Phillip Capital believes this recent decline is going to last. The brokerage has a ‘sell’ call on the stock with a target price of ₹80, implying a downside of over 23 percent from its current market price of ₹104.40, as of December 4.

Pankaj Pandey, Head Research, ICICIdirect.com, says: “We like U GRO Capital. It is a MSME lender. The overall expectation is that the AUM will grow at 50% odd and ROAs will inch up from 1% last year to 3%. We have a target price of Rs 350. We also like Green Ply with a target price of 295. Their MDF plant is operational, the capacity utilization for that should go up going forward and that should fetch better margins. We also like cement as a space, so Birla Corporation is another stock which we are liking with a target price of 1755.” What did you make of the move that we saw within the entire real estate basket, given that it was a stellar up move across the board? Pankaj Pandey: Real estate as a sector has a five, six year cycle, probably we are in the second year of that cycle but unlike 2003 to 2007, our sense is that you will see more of a measured growth both in volumes as well as in pricing, unlike the time earlier when the pricing had sort of gone up.

Houthi-controlled Yemen got within a “couple of miles” of U.S. Navy and commercial vessels before detonating on Thursday, just hours after the White House and a host of partner nations issued a “final warning” to the Iran-backed militia group to cease the attacks or face potential military action.Vice Admiral Brad Cooper, the head of U.S.

IRCTC share price: Shares of Indian Railway Catering and Tourism Corporation (IRCTC) have been on an uptrend after ushering in November 2023. IRCTC's share price bottomed out at ₹645 apiece levels at the end of October 2023. After that, it has been ascending continuously and hitting a new 52-week high regularly.

₹325.60 in morning trade on BSE on Friday, January 5. NTPC share price opened at ₹322.50 against the previous close of ₹317.10 and climbed 2.7 per cent to its record high of ₹325.60. The stock, however, pared gains soon and traded 0.74 per cent higher at ₹319.45 around 10:20 am.

Bandhan Bank Ltd. with a target price of Rs 319.0.

HAL with a buy rating, and CLSA is positive on financial stocks like Bajaj Finance, ICICI Bank and Mahindra Financials. Motilal Oswal has a buy rating on IIFL Finance. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: UBS on HAL: Buy| Target Rs 3600 UBS initiated coverage on HAL with a buy rating and a target price of Rs 3600.

nuclear-power stations faster than any other country. It has also invested heavily in renewable energy (see chart 2), such that it now has around 750 gigawatts of wind and solar generating capacity, about a third of the world’s total. By the end of the decade the government aims to have 1,200GW of such capacity, more than the total power capacity of the European Union at the moment.

By Neil Jerome Morales and Mikhail Flores

crypto stablecoins, which advertise tranquility in an ocean of tumult, have hardly lived up to their billing. Not one out of the 68 tokens studied by researchers at the Bank for International Settlements has managed to stay on its peg at all times. Tether and USD Coin, the two largest players, reference their values 1:1 to the dollar, which enables them to act as a bridge of sorts between virtual and real-world representations of money. However, they have very little use outside the domain of crypto trading. For the broader population that doesn’t dabble in Bitcoin or Ether, keeping money in a bank that has deposit insurance has always been a safer option. And yet, despite their well-known infirmities, more stablecoins keep coming. Regulators, too, seem to be more receptive to having them around, despite spectacular blowups like when TerraUSD breached its $1 price target in May 2022 and wiped out about $500 billion from cryptocurrency markets. Circle’s USD Coin briefly lost its peg during the US regional banking crisis of 2023. Still, Hong Kong put out a proposal last week to license stablecoins. Singapore has already announced similar intentions. It’s very likely that before the end of 2024, the two financial centers will have come up with rules that US lawmakers have failed to adopt after three years of efforts.

oil refiners' green energy projects, four government and industry sources said, as the federal government seeks to curb its fiscal deficit. Asia's third largest economy, facing an over 40% shortfall in collecting revenues from stake sales in state-run companies, is prioritising spending to try to limit its fiscal deficit to 5.9% of GDP for this fiscal year to the end of March. State-run Bharat Petroleum Corp and Hindustan Petroleum Corp aim to end net carbon emissions from their operations by 2040, and Indian Oil Corp has set a target for 2046. To help the companies reach the goals, 300 billion rupees ($3.61 billion) in equity support was announced in the budget for this fiscal year. But an industry and a government official said the funds will be provided in a staggered manner and the government will give 150-billion-rupee equity support in 2023/24. As the refiners' financial position is sound and they do not require 300 billion rupees for capex this year, the government has lowered the amount, one of the sources said. All the sources with direct knowledge of the matter spoke on condition of anonymity because the details have yet to be approved by the federal cabinet. India's oil ministry, the finance ministry and oil companies did not respond to Reuters' emails seeking comments. Two industry sources said BPCL and IOC will halve the size of their planned rights issues to 90 billion rupees and 110 billion rupees, respectively. The refiners do not need funds immediately for energy transition projects, and their capex will only increase significantly after two-to-three years, one of the two industry sources said. A second government source said Oil and Natural Gas Corp, the parent firm of HPCL, will enhance

Buy or sell stocks for today: Despite mixed trends from the Asian stock market, Dalal Street bounced back on Thursday after losing two days in a row. The nifty 50 index gained 141 points and closed at 21,658 levels, BSE Sensex surged 490 points and ended at the 71,847 mark whereas the Nifty Bank index finished 490 points higher at 48,195 levels.

Bill Ackman has defended his wife Neri Oxman from plagiarism accusations leveled against her regarding her Ph.D. dissertation titled 'Material-based Design Computation'. He also seemed to imply that the allegations, for which Oxman in a previous post on X (formerly known as Twitter), acknowledged and apologised for, were targetted attacks.

By Luis Jaime Acosta and Oliver Griffin

After-Hours Stock Movers: