Target Financial News

By Leika Kihara

NEW DELHI : India’s ministry of electronics and information technology on Tuesday issued an advisory on regulating artificial intelligence (AI)-generated content, commonly known as deepfakes, for all technology companies operating in India. Following meetings with tech companies on 22-23 November, Union IT minister Ashwini Vaishnaw and minister of state for IT Rajeev Chandrasekhar issued the advisory.

The US bond market has had a rough ride for much of the past two years, but the powerful rally over the last two months suggests the worst is over.

Karnataka government plans to procure 30,000 precautionary doses of Covid 19 vaccine for senior citizens and immunocompromised people in light of the rise in cases across the state, the newly created cabinet sub-committee announced on Tuesday. Karnataka will also have a daily testing target of 5000, making it the second highest testing state after Kerala, the committee added. While there are no restrictions on New Year celebrations and gatherings, there is a general advisory to wear masks at crowded places and observe Covid appropriate behaviour.

AstraZeneca said on Tuesday it will buy Gracell Biotechnologies for up to $1.2 billion as the Anglo-Swedish pharma company furthers its cell therapy ambitions and boosts its presence in China, the world's second-largest pharmaceuticals market. The cash deal, which adds several experimental therapies to AstraZeneca's portfolio, values Gracell at $2 per ordinary share, or $10 per ADS of Gracell, plus a non-tradable contingent value right of $0.30 per ordinary share, if certain regulatory milestones are met.

Anupam Hazra as party's national secretary. This comes after Union Home Minister Amit Shah and BJP National President JP Nadda held organisational meetings with the West Bengal party's core members to chalk out strategies for the party ahead of the coming elections. Amit Shah and JP Nadda are scheduled to hold a series of organisational meetings during the day with West Bengal BJP workers. After the meeting, Amit Shah said that the people of Bengal trust PM Modi and are all set to bless the BJP in the 2024 Lok Sabha elections with 35 seats. «Today, along with National President Shri @JPNadda Ji held a meeting of the@BJP4Bengal core group in Kolkata and discussed the strategies for the upcoming election. The people of Bengal trust PM Modi Ji and are all set to bless the BJP in the 2024 Lok Sabha elections with 35 seats,» he said in a post on X. The union minister has set a target to win 35 out of the 42 parliamentary seats in West Bengal. At a rally in Suri in Birbhum district in April this year, Shah targeted Chief Minister Mamata Banerjee and Trinamool Congress's National General Secretary Abhishek Banerjee and said, «Give us 35 seats in 2024 and the Mamata Banerjee government will be out.

national maritime agencies towards ensuring the safety of merchant marine in the region," the Indian Navy said in a release. While speaking specifically about the attack on MV Chem Pluto, the Indian Navy informed that it conducted an on-scene examination and took crew inputs about the attack. “Based on MV Chem Pluto crew inputs and on-scene examination, the analysis by the Indian Navy team points to a strong possibility of a drone attack.

Rosenblatt analysts lifted its price target for Arm Holdings (NASDAQ:ARM) to $110 from $85 in a note Tuesday, maintaining a Buy rating on the stock.

DA Davidson lifted the Winnebago Industries (NYSE:WGO) price target to $64 from $60 per share in a note Tuesday, with the firm maintaining a Neutral rating on the stock. The price target increase follows the company's latest earnings release.

Morgan Stanley reiterated an Overweight rating on Tesla Inc. (NASDAQ:TSLA) with a 12-month price target of $380.00 on the stock ahead of what could be another volatile year for the electric automaker.

J.Kumar Infraprojects Share Price Today: Shares of smallcap company J.Kumar Infraprojects were locked in 20 per cent upper circuit to hit its 52-week high mark of ₹593.20 apiece on the BSE, after global brokerage firm CLSA maintained its “buy" call on the stock but increased its price target by 87 per cent to ₹720 from ₹385 earlier. "With the rise in its new orders and our 11 per cent higher FY25CL EPS estimate, we also roll forward our valuation and see a rerating as the government delivers on urban capex," said the brokerage. The new target translates to an upside potential of nearly 50 per cent from the previous close.

Pharmaceutical giant Bristol-Myers Squibb (NYSE:BMY) announced Tuesday that it is acquiring RayzeBio (RYZB) for $4.1 billion, strengthening its oncology portfolio with promising radiopharmaceutical therapeutics (RPTs).

The stock market is poised to end the year on a bullish note.

By Tom Sims

(Reuters) — Bristol Myers (NYSE:BMY) Squibb said on Tuesday it would buy RayzeBio for about $4.1 billion to bolster its cancer drug business, marking the second large deal struck by the drugmaker in less than a week.

(Reuters) — U.S. stock index futures kicked off the last week of the year on a positive note on Tuesday as markets resumed trading after Christmas holidays amid strong expectations of early rate cuts by the Federal Reserve next year.

Adani Green Energy, on Wednesday, announced that its promoters are set to inject ₹9,350 crore into the company through the preferential issuance of warrants, with each warrant priced at ₹1,480.75. The allocated funds will be predominantly use to reduce leverage on the balance sheet and support capital expenditure, the company said in a press release. The investment initiative uplifted investor sentiment, leading to an extension of Adani Green Energy's gains for the day.

Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, crossed ₹4,000 apiece in today's trade after six years. The last time the stock reached this level was in September 2017. Remarkably, the stock concluded eight out of the last nine months in positive territory, and November stood out with the highest monthly gain of 23.66%.

INS Imphal’ in Mumbai on Tuesday, Singh said, "India's growing economic and strategic power has filled some forces with jealousy and hatred." ALSO READ: MV Sai Baba with Indian crew, among other ships attacked by Houthi drone in Red Sea. Here's what we know so far He added that India has intensified patrolling of seas after recent attacks on merchant navy ships. "The Indian Navy has increased surveillance of the sea.

Bharat Electronics, a Navratna PSU under the Ministry of Defence, Government of India, jumped 5.5% to hit a new all-time high of ₹184.50 apiece in today's trade after the company received orders worth ₹678 crore. In today's exchange filing, the company said it had signed a contract for a value of ₹445 crore with the UP government for the next-generation UP Dial 112 project.

fiscal deficit is likely to breach the government’s target of 5.9% in FY24 owing to higher revenue expenditure and lower than budgeted nominal GDP, ratings agency India Ratings and Research said Tuesday. It noted that although higher tax and non-tax revenue collections may offset the shortfall in divestment earnings, a likely second supplementary demand for grants will upset fiscal calculations, pushing the deficit to 6% of GDP. “Higher-than-budgeted revenue expenditure triggered through the first and likely second supplementary demand for grants in combination with lower-than-budgeted nominal GDP will push the fiscal deficit to 6.0% of GDP, 10bp higher than budgeted 5.9%,” said Ind-Ra researchers. The government recently brought in one supplementary demand for grant of Rs 58,380 crore to cover higher spending on fertiliser subsidy and Mahatma Gandhi National Rural Employment Guarantee Programme. “Through the first supplementary demand the union government will spend more on prioritised areas/sectors such as food, fertiliser and LPG subsidy and National Rural Employment Guarantee Scheme,” Ind-Ra said. The government is expected to spend Rs 57,360 crore on fertiliser subsidy compared with Rs 44,000 crore budgeted earlier.