Target Financial News

Google has agreed to pay $700 million and make several other concessions to settle allegations that it had been stifling competition against its Android app store — the same issue that went to trial in another case that could result in even bigger changes

The Bank of Japan has kept its longstanding easy credit policies unchanged, saying it will watch price and wage trends before raising its negative benchmark interest rate

Stocks in the U.S., Japan and Germany have risen 20% or more

Paytm plans to revamp its online wealth management services and hire more than 50,000 salespeople to get more merchants on its network, aiming to hit profitability sooner than targeted. Billionaire founder-CEO Vijay Shekhar Sharma is overhauling its suite of money management products to better tap growing wealth among younger users, who’re warmer to the idea of investing online. At the same time, it’s orchestrating a campaign to boost its salesforce more than 60% to try and sign up more merchants across smaller Indian cities and towns.

Global trade is under threat again. This time from missile attacks linked to the Israel-Hamas war targeting commercial ships passing through the Red Sea, near the Suez Canal. That may force many vessels to take the longer but safer route around Africa and is boosting oil prices.

BSE Sensex exceeded 71,000 levels. Both indexes recorded a gain of around 18% in CY23YTD. Additionally, the Nifty Midcap index and Smallcap index outperformed, registering gains of approximately 43% and 52%, respectively, during the same period.

LONDON — U.K. inflation fell by more than expected in to hit 3.9% in November, in the lowest annual reading since September 2021.

Congress MP Kalyan Banerjee for his mimicry of Vice President Jagdeep Dhankhar on the premises of the Parliament complex. Banerjee derisively mimicked Dhankhar during the opposition's protest on the stairs of Parliament on Tuesday against the suspension of MPs, drawing strong condemnation from the ruling BJP. Rahul Gandhi was seen making a video of the performance by Banerjee who appeared to mimic the way Dhankhar walked by leaning forward and made reference to having a spine.

multibagger returns of over 200% in the last 12 months, Indian Rail Finance Corporation (IRFC) shares have emerged from a fresh consolidation breakout and are set for another leg of rally in the short term. The stock has an estimated upside of 13% over the current levels. The over three-decade-old company is a dedicated financing arm of the Indian Railways for mobilising funds from domestic as well as overseas capital markets. On Tuesday, the stock hit a fresh 52-week high of Rs 101.50.

Narendra Modi on Wednesday dialed Rajya Sabha Chairman Jagdeep Dhankhar and expressed pain over the mimicry incident. Dhankhar who is also Vice President of India, on the X platform wrote, "Received a telephone call from the Prime Minister, Shri @narendramodi Ji. He expressed great pain over the abject theatrics of some Honourable MPs and that too in the sacred Parliament complex yesterday".

Satin Creditcare Network with a target price of Rs 330. The current market price of Satin Creditcare Network is Rs 269.2. Satin Creditcare Network Ltd., incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 2625.86 Crore) operating in NBFC sector.

As activists and diplomats first assembled in Dubai for Cop28, the UN’s climate summit, a fortnight ago, the chances of significant progress seemed slim. War had returned to the Middle East and the geopolitical order was fragmenting. The choice of the summit’s host country—the United Arab Emirates, one of the world’s leading petrostates—and its chairman, Sultan al-Jaber, the head of its national oil company, threatened to turn the event into a giant exercise in greenwashing.

Exencial Wealth Advisors, an independent wealth management firm and fiduciary, has acquired Weinheimer Wealth Management, a boutique wealth management services firm based in Austin, Texas.

Day trading guide for today: The Nifty 50 and Sensex, leading benchmark indices, reached new all-time highs of 21,505.05 and 71,623.71, respectively, during intraday trading on Tuesday, December 19. The Nifty 50 concluded with a 34-point gain, equivalent to a 0.16% increase, closing at 21,453.10. Simultaneously, the Sensex wrapped up at 71,437.19, marking a 122-point upswing, translating to a 0.17% rise.

After-Hours Stock Movers:

Accenture forecast second-quarter revenue below Wall Street targets on Tuesday, anticipating cautious spending by clients as macroeconomic uncertainty remains an overhang. Analysts expect IT services expenditure to remain muted in the near term as businesses typically decide their annual budgets only after February. Accenture itself has pointed to slower budget-related decision-making, especially in tech and media companies.

Finhaat has raised $3 million in its first institutional fundraise led by agri-focused venture fund Omnivore, along with participation from early-stage venture fund Kettleborough VC. Finhaat runs an online distribution platform through which insurance products are sold to consumers in rural and semi-urban India.

Canada came close to breaking the highest population growth rate in any quarter this July to September when it reported 430,635 new residents in the country.

Buy or sell stocks for today: After weak opening during morning deals, Indian stock market recovered from early losses and ended marginally higher on Tuesday. Nifty 50 index gained 34 points and ended at 21,453 levels, BSE Sensex surged 122 points and closed at 71,437 mark whereas Bank Nifty index added 3 points and closed at 47,870 levels.

Target and Amazon are all-in on the shipping wars, a move retail experts say will help them maintain a competitive edge against low-cost Chinese retailers Shein and Temu. For Walmart and Target, their investments are also aimed at narrowing the gap in delivery speed with Amazon, which has set the standard for fast shipping and remains the king of speed. Amazon packages have been arriving at the doors of Prime customers even faster this year under the company's new distribution model, which divides the country into eight regions and predominantly ships items from warehouses in those areas. The idea, according to Amazon, is to get shipments to travel shorter distances with fewer touchpoints, which helps the company not only speed up deliveries but also cuts down on costs.

₹1.5 trillion in the April-October period. This tax is levied as special additional excise duty and revised nearly twice a month. During April-October, the highest rate of windfall tax on crude oil was ₹12,100 a tonne, levied in the fortnight starting 30 September.