Target Financial News

₹95,000 crore in investments were channeled through the PLI scheme in 2023, generating employment for about 640,000 individuals, according to a statement on Tuesday from the ministry's department for promotion of industry and internal trade (DPIIT). The ministry in 2023 approved 746 applications under the scheme, which targets 14 key sectors, including mobile manufacturing, telecom, pharmaceuticals, and the burgeoning drone industry. Overall, DPIIT said it is working with 24 sub-sectors, including furniture, aluminium, agrochemicals, robotics, and gym equipment, to promote domestic manufacturing, boost exports and reduce imports.

By Rae Wee

Investing.com-- Most Asian currencies moved in a tight range on Tuesday, while the dollar hovered near five-month lows as soft U.S. inflation data spurred increasing bets on interest rate cuts from the Federal Reserve in 2024. 

By Florence Tan

By Ankur Banerjee

Hindalco Industries with a target price of Rs 675. The current market price of Hindalco Industries is Rs 579.5.

Mumbai Trans Harbour Link (MTHL) inauguration which was earlier speculated on December 25. CM Eknath Shinde earlier announced that the first phase of Mumbai’s ambitious coastal road, from Marine Drive to Worli, will be operational by the end of January 2024. “For those residing in Maharashtra.

BSE Midcap index lost almost a per cent while the BSE Smallcap index declined by about 0.2 per cent. However, on a monthly scale, Nifty 50 and Sensex are up almost 7 per cent in December so far. Experts remain positive about the market for the medium to long term but they expect some volatility in the short term due to the market's rich valuation.

Godrej Consumer Products with a target price of Rs 1210.0. The current market price of Godrej Consumer Products is Rs 1089.1. Godrej Consumer Products, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 111439.76 Crore) operating in FMCG sector.

J B Chemicals & Pharmaceuticals with a target price of Rs 1800. The current market price of the stock is Rs 1593.15. J B Chemicals & Pharmaceuticals Ltd, incorporated in the year 1976, is a mid-cap company (having a market cap of Rs 24672.02 crore) operating in pharmaceuticals sector.

Indian economy grapples with the persistent challenge of inflation, the Reserve Bank of India (RBI) and the Monetary Policy Committee (MPC) have orchestrated a series of strategic measures throughout the 2023 calendar year. These actions, spanning policy changes and interest rate adjustments, reflect a proactive approach to maintaining economic stability while fostering sustainable growth.

announced, " This is in continuation to the disclosure made by Infosys via a letter dated September 14, 2023, titled “Company Update" with respect to a Memorandum of Understanding with a global company which was subject to parties entering into a Master Agreement. The global company has now elected to terminate the Memorandum of Understanding, and the parties will not be pursuing the Master Agreement." The agreement between Infosys and the company was planned as a 15-year commitment, with the Memorandum of Understanding (MoU) signed on September 14, 2023. "Infosys has entered into a Memorandum of Understanding with a global company to provide enhanced digital experiences, along with modernization and business operations services, leveraging Infosys platforms & AI solutions.

MANILA (Reuters) — Philippine President Ferdinand Marcos Jr. has approved the extension of reduced tariffs on rice and other food items until the end-2024 to keep prices stable amid a threat of dry weather in the coming months, his office said on Tuesday.

Quiver Quantitative — The U.S. dollar is facing challenges in gaining momentum in the global currency markets, impacted by recent data indicating a cooling in U.S. inflation. This trend is fueling expectations that the Federal Reserve may ease interest rates in the coming year. Amidst the holiday season's thin trading, the euro and sterling showed marginal changes against the dollar, while the Australian and New Zealand dollars hovered near their five-month highs.

Investing.com-- Asian stocks moved in a flat-to-low range in holiday-thinned trade on Tuesday as soft U.S. inflation data fueled bets that the Federal Reserve will cut interest rates in 2024, although uncertainty over the timing of the move remained.

MV Chem Pluto on its arrival at Mumbai harbor. Officials said the Navy deployed P-8I long-range patrol aircraft for surveillance, and warships INS Mormugao, INS Kochi, and INS Kolkata in the region to maintain a “deterrent presence. This came given the spate of attacks on commercial vessels in the Arabian Sea.

Catch Live Market Updates here On Friday, the domestic equity indices ended higher tracking positive cues from global peers. The Sensex surged 241.86 points to close at 71,106.96, while the Nifty 50 settled 94.35 points, or 0.44%, higher at 21,349.40. On a weekly basis, Nifty 50 closed 0.5% lower after making a large high-low candle.

Dunki, after its opening on December 21 (Thursday), raked in ₹29.2 crore nett in India. However, the film witnessed a dip on its second day, Friday, garnering ₹20.12 crore nett, marking a decrease of 31.1%. During the weekend, Dunki saw an upswing on Saturday with collections bouncing back to ₹25.61 crore nett, a substantial 27.29% increase from the previous day.

Oil prices were little changed on Tuesday as investors focused on geopolitical tensions in the Middle East and optimism the U.S. Federal Reserve would soon start cutting interest rates, lifting global economic growth and fuel demand. Brent crude futures fell 26 cents, or 0.3%, to $79.13 a barrel by 0115 GMT while U.S.

stocks traded tentatively on Tuesday, while the dollar lurked near a five-month low as cooling U.S. inflation bolstered bets the Federal Reserve would cut interest rates soon. Investors were still digesting data released on Friday that showed U.S. prices fell in November for the first time in more than 3-1/2 years, underscoring the economy's durability.

Stocks that were in focus include names like GAIL, which rose 7%, Polycab, which fell 4%, and Hindustan Copper, whose shares jumped 8% on Friday. Here's what Pravesh Gour, Senior Technical Analyst, Swastika Investmart, recommends investors should do with these stocks when the market resumes trading today. GAIL The stock has experienced a breakout from a symmetrical triangle formation on its daily chart, accompanied by robust trading volume. Following a successful retest of its last breakout level at approximately Rs.