Target Financial News

Nasdaq managed to eke out tiny gains on Thursday while the Dow Industrial Average ended slightly lower with pressure from tech and retail bellwethers Cisco and Walmart after disappointing forecasts. Shares of Cisco Systems tumbled 9.8% as the communications and networking technology company cut its full-year revenue and profit forecasts on slowing demand for its networking equipment. Also in technology, Palo Alto Networks shares fell 5.4% after its forecast late Wednesday for second-quarter billings missed expectations. Walmart shares sank 8.1% a day after touching a record high.

₹13,546 crore amid festive season after the stock market ended on a higher note for second day straight.The RBI on Thursday tightened norms for personal loans and credit cards in the form of higher capital requirements. The new norms will make personal loans and credit cards costlier and may curb growth in these categories.Several reports in US on Thursday indicated a slowing economy.

World Cups. But the sheer dominance it has displayed over the one-day game this time is unprecedented. Wednesday’s 70-run win over New Zealand in the first semi-final exemplifies this success.

Day trading guide for today: Following global market cues, Indian stock market continue to trade higher on Thursday. However, profit booking was witnessed on higher levels ahead of the closing bell. Nifty 50 index ended 89 points higher at 19,765 levels, BSE Sensex finished 306 points up at 65,982 mark.

PDS) to almost two-thirds of India’s population. It proved to be a lifeline during the covid pandemic, with the government raising its entitlement from the mandated 5kg per person to 10kg, free of cost. While the quantity hike was rolled down after the pandemic ended, it continues as a free-ration scheme, as against the earlier subsidized price of ₹2 per kg for wheat and ₹3 per kg for rice.

Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Plug Power, Vale, Advance Auto Parts , and Deckers Outdoor.

Investing.com — The Dow closed lower Thursday, paced by a slump in Walmart and worries about the economy following a wave of mostly weaker-than-expected economic data. 

NEW DELHI : Legends League Cricket (LLC), a global T20 cricket league with recently retired international cricketers, is looking to raise $10 million to develop the league further, Raman Raheja, a director of Absolute Legends Sports Pvt Ltd and chief executive of LLC, told Mint. Some of the big names in the league are Harbhajan Singh, Gautam Gambhir, and Chris Gayle. The league, which has two formats and runs at two different times of the year, has raised a total of $7 million since its inception in 2022, when the first season of the league was played.

Leading European digital asset investment firm CoinShares has announced its strategic acquisition of the Valkyrie Funds, a crypto exchange-traded fund (ETF) subsidiary of US-based Valkyrie Investments.

Indian economy, buttressed by North Block’s unwavering focus on productivity-boosting structural reforms, investments and ‘ebullient’ domestic consumption, is expected to expand faster in the third quarter than earlier estimated despite lingering growth concerns beyond home, the central bank said in its latest bulletin Thursday. “Investment demand appears to be resilient with the government’s infrastructure spending, an uptick in private capex, automation, digitalisation, and indigenisation providing a boost,” the Reserve Bank of India (RBI) said. India’s gross domestic product (GDP) expanded 7.8% in the first quarter of FY24, through which the RBI expects the economy to grow 6.5%. An ET poll of economists has pegged the second-quarter growth rate at 6.7%.

By Michael S. Derby

NEW YORK (Reuters) — A U.S. court on Thursday sentenced an Israeli private detective to 6-2/3 years in prison for organizing global hacking campaigns against thousands of people including climate change activists and critics of German company Wirecard.

The Indian manufacturer of more than a number of eyedrops subject to a U.S. safety warning has officially recalled the products

Macy’s third-quarter sales declined as consumers remain cautious on their spending, but the results and its adjusted profit both topped Wall Street’s expectations

Walmart extended its streak of strong quarterly gains heading into the holiday season as its low-prices continue to attract shoppers looking for deals in a tough economic environment

IDBI Bank Ltd may not be completed in the current fiscal year. Pandey said that the transaction is “on course" but there are aspects like the RBI's fit and proper criteria which need to be complied with. “We practically don't think that before March, we can conclude it (IDBI Bank stake sale)," he said.

By Abhirup Roy and Peter Henderson

South Africa vs Australia, ICC World Cup 2023 2nd semi-final: Australia cricket team will face Team India in the final of ICC World Cup 2023 as they defeated South Africa by 3 wickets. South Africa's bowling attack fought well with a low score to defend, but the Australian batters didn't have a tough challenge against them. South Africa won the toss and chose to bat first, but the decision didn't turn out well for the Proteas as the pitch of Eden Gardens, Kolkata behaved in an unpredictable pattern for the batters.

Investing.com — Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at Target, Intel, Tencent Music Entertainment Group , and a Buy initiation at Wayfair.

Bank of India (RBI) at its October bi-monthly monetary policy committee (MPC) meeting, kept the benchmark repo rate unchanged at 6.5 per cent for the fourth straight meeting in the current fiscal 2023-24. The rate-setting panel also decided to remain focused on withdrawal of accommodation - with five out of six members voting in favor, to ensure that India's headline inflation progressively aligns to the target, while supporting growth.

Jyothy Labs neared their 52-week high levels of ₹466 after reporting decent July-September quarter results for fiscal 2023-24 (Q2FY24). Domestic brokerage firm Religare Broking has revised its rating on the midcap stock to ‘accumulate’ or ‘continue to hold’ after the ‘high conviction’ target was achieved at 27 per cent by the end of September 2023. At a current market price (CMP) of ₹419, Religare has given a target price of ₹466 for Jyothi Labs and sees a potential upside of 11.2 per cent on the stock.