Target Financial News
05.02 / 15:13
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The CIA is about to get a Trump makeover
Subscribe to enjoy similar stories. WASHINGTON : The Central Intelligence Agency offered buyouts to its entire workforce Tuesday, in what officials said is a bid to bring the agency in line with President Trump’s priorities, including targeting drug cartels. The CIA appeared to be the first intelligence agency to tell its employees that they can quit their jobs and receive about eight months of pay and benefits as part of Trump’s push to downsize the federal government.
05.02 / 14:27
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Metropolis Healthcare to push regional growth with micro market focus: CEO Chemmenkotil
Subscribe to enjoy similar stories. Leading diagnostics chain Metropolis Healthcare is focusing on improving its footprint across key regions by customising its services and offerings for these micro markets, chief executive officer Surendran Chemmenkotil told Mint in an interview on Wednesday. This will likely enhance regional performance and push sales in the near term.
05.02 / 14:27
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Hurricane Musk and the USAID panic
Subscribe to enjoy similar stories. Hurricane Elon is blowing through Washington, creating panic and pushback wherever he and his government-efficiency minions appear. Mr.
05.02 / 14:21
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Vaccines
GSK launches $2.5 bln buyback, lifts sales target after stellar Q4
GSK launched a 2 billion pounds ($2.5 billion) share buyback on Wednesday and lifted its long-term sales target to nearly $50 billion, betting that growing sales of its HIV and cancer drugs will make up for pressures on its vaccines revenue. GSK's shares were up 6% at 1342 GMT after the British drugmaker's fourth-quarter results also topped expectations.
05.02 / 10:15
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HPCL, BPCL, ONGC shares rally up to 5% on upgrades by Goldman Sachs, Macquarie
ONGC), and Indian Oil Corp (IOC) surged up to 5% on Wednesday after analysts at Macquarie and Goldman Sachs raised their ratings and target prices, citing improving fundamentals and an attractive risk-reward setup. HPCL shares climbed 4.7% to Rs 349.50 on the BSE, while BPCL shares advanced 3.7% to Rs 265.65. IOC shares rose 3.2% to Rs 128.50 during intraday trading, and ONGC shares advanced 2.9% to Rs 261.50 on the BSE.
05.02 / 04:37
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Pharmaceuticals
Sell Divi's Laboratories, target price Rs 4,500: ICICI Securities
sell call on Divi's Laboratories with a target price of Rs 4,500. The current market price of Divi's Laboratories is Rs 6081. Divi's Lab, incorporated in 1990, is a Large Cap company with a market cap of Rs 161670.37 crore, operating in the Pharmaceuticals sector. Divi's Laboratories' key products/revenue segments include Pharmaceuticals, Scrap, Sale of services and Export Incentives for the year ending 31-Mar-2024.
05.02 / 04:37
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Birla Corporation shares in focus after Q3 net profit declines 71% YoY
Birla Corporation shares will be in focus on Wednesday, February 5, after the company reported a 71.4% year-on-year (YoY) decline in consolidated net profit to Rs 31.19 crore for Q3 FY25. In the same period last year, net profit stood at Rs 109.14 crore. The company attributed the decline to lower cement prices, particularly in Maharashtra and central India. Realization from cement sales in Q3 stood at Rs 4,781 per tonne, down 9.5% YoY but up 1.8% sequentially from Rs 4,697 per tonne in Q2 FY25.
05.02 / 04:03
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The startups that are learning to hustle afresh at the Maha Kumbh Mela
Subscribe to enjoy similar stories. Bengaluru: At the Maha Kumbh Mela, India’s largest spiritual congregation, several established startups are elbowing their way through the rush to convert devotees pouring in from the country’s remotest corners into consumers.
05.02 / 01:31
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Senate confirms Pam Bondi as US attorney general, putting Trump ally at Justice Department's helm
Pam Bondi as U.S. attorney general Tuesday evening, putting a longtime ally of Donald Trump at the helm of a Justice Department that has already been rattled by the firings of career employees seen as disloyal to the Republican president.
05.02 / 00:59
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Ahead of RBI's policy meeting, Raja Venkatraman recommends stocks for 5 February
Subscribe to enjoy similar stories. On 4 February, global cues dictated the trends once again. After a weak start that was beset with some apprehension, the strong resurgence by the bulls has surprised the bearish camp to move beyond the Budget-day high.
05.02 / 00:59
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Mint Primer | Sovereign rating: How India can go from B to A
Subscribe to enjoy similar stories. Fitch Ratings has rated India as “BBB-" with a stable outlook. This means India’s credit quality is good and the chances of a default are low; however, adverse business or economic condition can impair this quality.
05.02 / 00:59
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Fake deals, real danger: Why influencers are falling prey to fraudsters
Subscribe to enjoy similar stories. Fake brand managers, false deals, access to private data, and all hell breaks loose. Common enough modus operandi of scamsters, but the twist is that they are now beginning to target influencers, exploiting their desperation to cut brand deals and maintain their public image and popularity on social media.
04.02 / 16:53
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Tesla
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After immigrants and LGBTQ people, the U.S. administration is going after Lutheran groups; here's what Donald Trump and Elon Musk plan to do
Republicans are reportedly and increasingly targeting the religious groups that advocate for the marginalized communities specifically the immigrants. According to MSNBC, Tesla CEO Elon Musk quite recently made an announcement that a fictitious entity called the ‘Department of Government Efficiency’ is eventually cutting off funding to Lutheran organizations following the unfounded accusations from renowned conspiracy theorist named Michael Flynn who made claims that these groups were using religion as a front for money laundering.
04.02 / 16:03
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Trump plans to cut US funding to South Africa over land law. Musk has also criticized the country
U.S. President Donald Trump says he will cut all funding to South Africa and has launched an investigation of the country’s polices, claiming a “massive” human rights violation is happening over a new land expropriation law
04.02 / 11:21
04.02 / 10:27
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Trump hints at curbs on Musk’s powers after billionaire shakes up Washington
Subscribe to enjoy similar stories. WASHINGTON—President Trump on Monday said there were curbs in place to prevent Elon Musk from doing anything in the government without the White House’s blessing, responding to growing confusion about who was overseeing Musk’s push to dismantle multiple agencies. Trump described Musk’s role as advisory.
04.02 / 06:45
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Swiss giant UBS posts $770 million in net profit, launches $1 billion share buyback in first half
Swiss banking giant UBS on Tuesday posted $770 million in fourth-quarter net profit, launching a $1 billion share buyback program in the first half of 2025.
04.02 / 04:41
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ICICI Securities maintains Buy on Adani Energy, lowers target price to Rs 1,101
buy call on Adani Energy Solutions with a lowered target price of Rs 1,101 (Rs 1,318 earler). The current market price of Adani Energy is Rs 737.2. Adani Energy, incorporated in 2013, is a Large Cap company with a market cap of Rs 88276.25 crore, operating in the Power sector.
04.02 / 03:39
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Tata Chemicals shares in focus after reporting Rs 21 crore Q3 loss
Tata Chemicals shares will be in focus on Tuesday, February 4, after the company reported a net loss of Rs 21 crore for Q3FY25, compared to a net profit of Rs 194 crore in the same period last year. The company took an exceptional charge of Rs 70 crore in Q3FY25 due to employee termination benefits, decommissioning of plant and machinery, and other closure-related expenses following the cessation of soda ash production at the Lostock plant in Northwich, UK.
04.02 / 03:39
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electronic
reports
Buy Bharat Electronics, target price Rs 360: JM Financial
buy call on Bharat Electronics Ltd. with a target price of Rs 360. The current market price of Bharat Electronics Ltd. is Rs 270.15. Bharat Electronics, incorporated in 1954, is a Large Cap company with a market cap of Rs 205989.57 crore, operating in the Defence sector. Bharat Electronics' products/revenue segments include Electronic Components & Equipments, Sale of services, Other Operating Revenue, Scrap and Rent for the year ending 31-Mar-2024.
04.02 / 02:45
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GRSE shares in focus after Q3 PAT rises 11% YoY, revenue jumps 38%
Garden Reach Shipbuilders Engineers (GRSE) shares will remain in focus on Tuesday after the company reported 11% year-on-year (YoY) growth in its net profit at Rs 98 crore for the quarter ended December 2024. The same stood at Rs 88 crore in the year-ago period. Revenue from operations, meanwhile, jumped 38% YoY to Rs 1271 crore in the reporting period, compared with Rs 923 crore in the year-ago period.
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