Target Financial News

Axis Securities has an equal weight call on Cholamandalam Investment & Finance Company with a target price of Rs 1650. The current market price of Cholamandalam Investment is Rs 1465.9. Cholamandalam Investment & Finance, incorporated in 1978, is a Large Cap company with a market cap of Rs 122829.71 crore, operating in the NBFC sector.

Indian Renewable Energy Development Agency (IREDA) shares will be in focus on Monday after the company announced that the Reserve Bank of India (RBI) has not approved its request for equity investment in the 900 MW Upper Karnali Hydro Electric Power Project in Nepal. IREDA stated that it plans to resubmit the proposal. The company had earlier received in-principle approval from its board on 16 July 2024 to invest up to 10% equity in GMR Upper Karnali Hydro Power Limited, Nepal, and Karnali Transmission Company Pvt. Ltd., Nepal, in partnership with SJVN. The total investment was estimated at around Rs 290 crore, subject to approvals from the Government of India and other regulatory authorities. Existing shareholders of GMR Upper Karnali Hydro Power Limited include GMR and the Nepal Electricity Authority.

Tata Power shares will be in focus on Monday after its subsidiary, Tata Power Renewable Energy Ltd (TPREL), signed a Memorandum of Understanding (MoU) with the Andhra Pradesh government to develop renewable energy projects worth Rs 49,000 crore ($5.6 billion). This marks one of the largest renewable energy investments in the state, the company said in an exchange filing. TPREL has signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh to collaborate and explore opportunities to build up to 7,000 MW including solar, wind and hybrid projects with or without storage solutions.

Sun Pharmaceuticals on Monday announced that it is set to acquire Checkpoint Therapeutics, an immunotherapy and targeted oncology company, for $355 million. The transaction is expected to be completed in the second calendar quarter of 2025. Checkpoint is a Nasdaq-listed commercial-stage company focused on developing novel treatments for patients with solid tumor cancers. The company has the license from the U.S. Food & Drug Administration (FDA) for UNLOXCYT (cosibelimab-ipdl) for the treatment of adults with metastatic cutaneous squamous cell carcinoma (cSCC) or locally advanced cSCC who are not candidates for curative surgery or curative radiation. Dilip Shanghvi, Chairman & Managing Director of Sun Pharma, said, “Combining UNLOXCYT, an FDAapproved anti-PD-L1 treatment for advanced cutaneous squamous cell carcinoma, with Sun Pharma’s global presence means patients with cSCC may soon have access to an important, new treatment option. The acquisition further bolsters our innovative portfolio in onco-derm therapy.”

India’s bowlers stuck to their guns, attacking the stumps and keeping the batsmen honest. In turn, New Zealand’s finest seem to have got a measure not only of the conditions and opposition but of what was needed in a tournament final. At no time did New Zealand’s batting look under pressure, harried or hurried. It was as though they had mentally set themselves a target of something in the region of 250, and were planning their way there, rather than aiming for 300 and falling well short. Rachin Ravindra was a treat to watch for his 37 and Daryl Mitchell ensured that the innings was held together with 63. If New Zealand were kept on a tight leash by India’s spinners, with wickets falling just regularly enough to ensure that the game was always within grasp, Michael Bracewell, at No 7, kept New Zealand competitive with a breezy 53.

weekend freedom through a continuous onslaught of emails and text messages? At work, we feel like slaves to continuous deadlines and targets, and feel confined by day-to-day problems and workfires, which inevitably steal our available time. What are freedom and slavery? Despite living as slaves under imperial governments, Gandhi and Mandela were free humans. They did what they liked, thought what they wanted, and determined their priorities as they preferred. Even in prison, they expressed themselves in the context of their value systems, ignoring iron bars that locked their physical beings. Indian spirituality differentiates among mind, intellect and soul as three separate components of our being. Our mind is a centre of emotions, intellect is a place for logic and reasoning, and soul is our real self. In Bhagwad Gita, chapter 2.55, Krishn says that when one thoroughly casts off cravings of mind and is satisfied in the Self, he has a stable mind, Stithaprajna. Krishn prescribes meditation to achieve this stable mind.

Rohit Sharma and his deputy Shubman Gill stirred memories of cricketing legends Sourav Ganguly and Sachin Tendulkar by becoming only the third opening pair to achieve a century-plus partnership in a Champions Trophy final. The atmosphere was electric as India faced New Zealand in front of a packed crowd in Dubai on March 8, both teams vying for the prestigious Champions Trophy. New Zealand, bolstered by a late innings rally from Daryl Mitchell (63) and Michael Bracewell (53-), managed to post a challenging total of 251/7. In response to this significant target, Rohit and Gill set a brisk pace for the chase with their dynamic batting. Rohit took the role of the aggressor while Gill balanced both an offensive and defensive approach. Together, they constructed a solid opening partnership of 105 runs, marking themselves as just the third pair in history to reach this milestone in a Champions Trophy final.

Trump won't rule out the likelihood that the US might enter recession under his watch, as early as this year itself, reports by AFP and other agencies said. In an interview that aired on March 9, Trump said he won't dismiss the possibility of the United States witnessing a recession this year. When asked directly about a potential downturn into 2025, he responded, «I hate to predict things like that,» during a conversation with a Fox News host. He emphasised the significant changes underway, stating, «There is a period of transition, because what we're doing is very big — we're bringing wealth back to America,» and noted that «It takes a little time.» In contrast, Trump's commerce secretary, Howard Lutnick, provided a more definitive stance, stating unequivocally on NBC's «Meet the Press,» «Absolutely not,» when queried if Americans should prepare for an economic downturn.

Subscribe to enjoy similar stories. Mid-market hotel operator BWH Hotels, which manages brands like Best Western Hotels & Resorts and SureStay Hotels, is expanding its footprint in India with a pipeline of 21 new hotels in the next two years. Larry Cuculic, the company’s global president and CEO, who was in India for the recently concluded hospitality conference HOPE 2025, said in an exclusive interview with Mint that all its upcoming properties will be new constructions—a strategic shift to enhance brand reputation and guest experience.

The man had been hospitalized and his condition was «unknown,» the spokesman said in a statement that did not specify whether the White House or Trump may have been the intended target. No injuries to Secret Service agents were reported, according to the statement posted by spokesman Anthony Guglielmi on social media platform X.

Growth capital firm Playbook Partners intends to invest $20 million (around Rs 175 crore) each in about 12-15 companies over the next two years, a top company official said. The firm's investment portfolio includes companies like Myntra, PolicyBazaar, InMobi, Nazara Technologies, Rapido, and Renee, among others. While primarily investing in India, it has also backed global companies like SpaceX and Stripe. «With planned investments up to $20 million each in 12-15 companies, we are targeting high-potential ventures across SaaS, E-commerce, Healthtech, ClimateTech, B2B & B2C,» Playbook Partners Founder and Managing Partner Vikas Choudhury said. «Our focus is on companies that have crossed Rs 100 crores in turnover, where our capital and expertise can accelerate their journey to the next level of growth,» Choudhury told PTI.

equity and inclusion initiatives that much of corporate America endorsed following the protests that accompanied the Minneapolis police killing of George Floyd, a Black man, in 2020. The changes have come in response to a campaign by conservative activists to target workplace programs in the courts and social media, and more recently, President Donald Trump's executive orders aimed at upending DEI policies in both the federal government and private sector. DEI policies typically are intended to root out systemic barriers to the advancement of historically marginalized groups in certain fields or roles. Critics argue that some education, government and business programs are discriminatory because they single out participants based on factors such as race, gender and sexual orientation. They have targeted corporate sponsorships, employee-led affinity groups, programs aimed at steering contracts to minority or women-owned businesses, and goals that some companies established for increasing minority representation in leadership ranks.

Congress on Sunday condemned the vandalisation of a Hindu temple in United States' California and said such acts of hatred and intolerance were utterly unacceptable. The Bochasanwasi Akshar Purushottam Swaminarayan Sanstha (BAPS) temple in California was defaced with anti-India graffiti by some unknown persons in another incident targeting the community's sacred spaces in the US. BAPS said its Shri Swaminarayan Mandir in Chino Hills city of San Bernardino County was desecrated. Congress' media and publicity department head Pawan Khera said, «The Indian National Congress condemns in the strongest possible terms, the vandalism of the BAPS Shri Swaminarayan Mandir in Chino Hills, California.»

Growth capital firm Playbook Partners intends to invest USD 20 million (around Rs 175 crore) each in about 12-15 companies over the next two years, a top company official said. The firm's investment portfolio includes companies like Myntra, PolicyBazaar, InMobi, Nazara Technologies, Rapido, and Renee, among others. While primarily investing in India, it has also backed global companies like SpaceX and Stripe. «With planned investments up to USD 20 million each in 12-15 companies, we are targeting high-potential ventures across SaaS, E-commerce, Healthtech, ClimateTech, B2B & B2C,» Playbook Partners Founder and Managing Partner Vikas Choudhury said. «Our focus is on companies that have crossed Rs 100 crores in turnover, where our capital and expertise can accelerate their journey to the next level of growth,» Choudhury told PTI.

Subscribe to enjoy similar stories. China’s consumer prices nosedived in February, in a sign of stubborn disinflationary pressures, ending a year’s run of tepid price growth and underscoring the challenges policymakers face in stimulating domestic demand as trade tensions intensify.

Subscribe to enjoy similar stories. The Russian army was advancing relentlessly in northeastern Ukraine in the summer of 2022 when the U.S. tipped the scales with new weapons and crucial battlefield intelligence.

Ultraviolette plans to invest up to USD 100 million (nearly Rs 870 crore) in the next three to four years to fuel growth, including expansion of product portfolio, manufacturing and network, according to its founders. The company, which announced plans to bring ten new products, including scooters and long-range cruiser bikes, in the next three years, is targetting annual sales of 1 lakh units in this period, with presence not just in India but also in Europe and South East Asia, Ultraviolette CEO & Co-founder Narayan Subramaniam, and CTO & Co-founder Niraj Rajmohan told PTI. Rajmohan said the company has already made investments on R&D to build the fundamental building blocks, including charging systems, battery systems, motor control and vehicle control electronics, smart connected systems and advanced sensing systems. «We are in discussions from a larger investment point of view in the order of the USD 70-100 million that is meant to scale across product portfolio expansion, geographic expansion and growth,» he said when asked about planned future investments in the next three to four years.

Donald Trump. Consumer spending in China has been mired in a slump since the end of the pandemic, fuelling fears of a deflationary spiral. Adding to the pressure is a second term as President Trump, who has since taking office in January slapped sweeping tariffs on Chinese products.

Japan recently opened up about the racism he has faced, sparking a wider discussion about discrimination in different parts of the world. His revelations come shortly after an Indian-origin woman in the UK became a target of racial abuse while traveling from London to Manchester by train. The man, identified as Nikhil Tripathi, shared his experiences in a viral video after being interviewed by a Japanese vlogger known as Riki With Japan Mates.

Targeting the centre of the town, around 30 kilometres (20 miles) from the front line in the Donetsk region, the barrage killed 11 people and wounded 40 others, including six children, according to Ukrainian emergency services. «It was apocalyptic,» said Iryna Kostenko, 59, her hand bandaged with blood-stained cloth.

Subscribe to enjoy similar stories. President Trump and his Middle East envoy Steve Witkoff have threatened a return to war in the Gaza Strip if Hamas doesn’t release its remaining hostages. Israel is already plotting out how that would happen.