Target Financial News

KMAMC said, “With the launch of Kotak Consumption Fund, we are offering a window for our investors to be a part of the country’s fast-evolving consumption story. It’s about tapping into the shift from basic to smart - from analog to digital, from feature phones to smartphones, and from single-brand to multi-brand retail choices.

The Bank of Canada is set to announce its interest rate decision Wednesday morning.

Hui Ka Yan has already lost his freedom. 

As the brief upsell in Bitcoin price action gives way to a typical alt season surge, Bitcoin SV (BSV) is entering retracement following a -4% drop - leaving some dejected bag-holders asking 'is Bitcoin SV going to zero'?

In the midst of overbought signals, Bitcoin price shows no signs of slowing down as it remains on a bullish trajectory, with technical indicators predicting a target of $36,500. 

General Motors is still churning out healthy profit—just not on the electric vehicles or potentially autonomous ones that investors care most about. GM’s third-quarter results on Tuesday came in better than expected. Net income of roughly $3.1 billion was down 7% from a very strong quarter last year, but higher than the $2.5 billion consensus that analysts had penciled in, according to FactSet.

Thrice in a week, the Japanese government passed on intervening in the forex markets when the USD/JPY pair crossed 150 to the dollar. 

Shweta Jain, Founder, Investography, says “if somebody is looking at an investment for a long-term horizon, you do not look at it saying, okay, which liquid fund is the best and I will move money from there. You see which equity fund suits you, whether it is a largecap fund, whether it is a passive fund, whether it is a smallcap fund, whatever the fund may be. Once you have chosen your scheme and in that same AMC, you choose a liquid fund because that is the one where there will be the least amount of risk.” Let us talk about systematic transfer plans (STPs). Where did the idea come from? A lot of investors are either timing the market, or not investing thinking they need a lot of money. The thought is quite simple. It is like an SIP but for somebody who does not have a regular monthly income coming in as salary like for example, a businessman or an entrepreneur or a freelancer. They do not have regular money coming in but might have lump-sum amounts coming in. What do they do then? Should they invest when they have the money? How do they stagger it so that the rupee cost averaging works for them?

ONGC and Oil India, said brokerage house Anand Rathi in a recent report. It further added that risk-reward is favourable for this space. Disturbances due to geo-political tensions, healthy product demand and low stocks would keep refining margins healthy, especially driven by strength in diesel and ATF.

₹250 crore from Piramal Alternatives, the fund-management arm of the Piramal Group, to bolster its green mobility initiatives. Piramal Alternatives made the investment from its Performing Credit Fund (PCF), a sector-agnostic vehicle that caters to the capital needs of companies operating in the mid-market segment. The investment was made in the form of convertible securities.

₹329 to ₹346 per equity share with a total lot size of 43 shares. The total IPO size is ₹840 crore, which is completely an offer for sale (OFS). Blue Jet Healthcare is a specialty pharmaceutical and healthcare ingredient and intermediate company, offering niche products targeted towards innovator pharmaceutical companies and multi-national generic pharmaceutical companies.

PTI reported. Earlier, during the Security Council meeting, US Secretary of State Antony Blinken emphasized that all acts of terrorism, whether carried out by organizations like Lashkar-e-Taiba based in Pakistan or by Hamas, and regardless of the locations they target such as Mumbai or Kibbutz Beeri, are considered unlawful and unjustifiable.

So far, the total redemptions reflected the realisation of a total value of £120.4m of the portfolio’s original assets.

By Stefanno Sulaiman

(Reuters) -Dutch paints and coatings maker Akzo Nobel (OTC:AKZOY) has set out a plan to save costs and improve supply chain efficiency, after forecasting full-year core earnings towards the lower end of its previous forecast due to lower than expected volumes.

Israeli jets hit sites across Gaza, according to a report published by the news agency PTI. The Israeli military announced that it had targeted military facilities within Syria in retaliation for prior missile launches directed at Israel. Gaza's 2.3 million people have been running out of food, water, and medicine since Israel sealed off the territory following the devastating Oct 7 attack by Hamas on towns in southern Israel.

₹2,50,00,000 divided into 25,00,000 equity shares of ₹10 each. Udanvat is incorporated with an object to carry out business activity of owning and leasing of Aircraft," said Adani Ports. Adani Ports share price today opened at ₹771.25 against the previous close of ₹771.10 and rose about 1.6 per cent to the level of ₹783.30.

LONDON (Reuters) — Reckitt, maker of Dettol and Lysol cleaning products, on Wednesday missed third-quarter like-for-like sales expectations despite raising product prices to help offset rising raw material costs, as some shoppers refused to pay more.

Wagering giant Tabcorp was hit with a 34 per cent protest vote over executive pay on Wednesday, after it attempted to reward its CEO despite challenging market conditions and a reduction in the size of the company after spinning-off The Lottery Corporation.

Torrent Pharmaceuticals share price gave up early gains to trade over 2% lower on Wednesday after the company reported a strong rise in its net profit and revenue for the second quarter of FY24. Torrent Pharma declined as much as 2.74% to ₹1,822.80 apiece on the BSE. The pharma company posted a consolidated net profit of ₹386 crore for the September quarter, up 24% from a year ago, while its revenue rose by 16% to ₹2,660 crore from ₹2,291 crore a year earlier.

Vietnamese automaker Vinfast has plunged right into the crowded and hypercompetitive U.S. auto market, gambling that if it can sell its electric vehicles to finicky Americans, it can succeed anywhere