Target Financial News

HUL) fell over 2% to the day's low Rs 2,493.85 on the NSE after domestic brokerages Kotak Institutional Equities and Nuvama cut their targets on the FMCG major following its September quarter earnings which were mixed. FMCG major Hindustan Unilever Ltd (HUL) has reported a 4% growth in its standalone net profit at Rs 2,717 crore for the quarter ended September 2023. The same stood at Rs 2,616 crore in the year-ago quarter.

UltraTech Cement with a target price of Rs 10090. The current market price of UltraTech Cement is Rs 8486.45. UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 244856.54 Crore) operating in Cement sector.

Mestastop Solutions has announced that it has raised Rs 4.5 crore or $500k in a Pre Series A round led by 92 angels & Malpani Ventures. Mestastop is creating a cancer metastasis focussed platform, which uses wet lab biology and predictive analytics to identify and distinguish unique properties of metastasis and leverage them for drug discovery and patient treatment. In 2021, the company had secured a seed funding of Rs 2 crore led by IIM Ahmedabad’s CIIE with participation from IKP and angel investors. “Over the last three years, we have been involved in extensive R&D, which has created novel platforms.

ITC with a target price of Rs 492. The current market price of ITC Ltd.

PVR INOX Ltd. with a target price of Rs 1984.

₹449.55 against the previous close of ₹450.30 and fell 1.6 per cent to the level of ₹443.25 in Friday's trade so far. ITC share price has gained about 31 per cent in the last one year against an 11 per cent gain in the equity benchmark Sensex. The stock hit its 52-week high of ₹499.60 on July 24 this year and its 52-week low of ₹325.35 on December 23 last year on the BSE.

Federal Reserve Chair Jerome Powell said inflation remains too high and that bringing it down to the Fed’s target level will likely require a slower-growing economy and job market

The Palace of Versailles was forced to evacuate visitors for the fourth time in less than a week for a security check after a bomb alert

TMC MP Mahua Moitra files defamation case against BJP's Nishikant Dubey amid furore over ‘cash for queries’ claim "The contents of the letter are a joke. It has clearly been drafted by some half-wit in the PMO who doubles up as a creative writer in the BJP's IT cell.

Day trading guide for today: Indian stock market ended lower on second day in a row following weak global market sentiments on Israel Palestine conflict. Nifty 50 index went down 46 points and closed at 19,624 levels, BSE Sensex lost 247 points and ended at 65,629 mark whereas Bank Nifty index 134 points and finished at 43,754 levels.

Paytm Q2 Results Preview: One97 Communications - the operator and parent company of Paytm will announce its July-September quarter results for fiscal 2023-24 (Q2FY24) on Friday, October 20. The fintech major is expected to report strong revenue growth driven by high loan disbursals, according to estimates by analysts and leading brokerage houses.

Darshan Hiranandani 'forced to sign a white paper': TMC MP Mahua Moitra on 'Cash for Query' allegations He then claimed that Moitra saw attacking the Adani group as a route to fame. Hiranandani then claims that Mahua Moitra did share her Parliament Login credentials with him. The business tycoon added that he used the TMC MP's login credentials to pose questions on the Adani group himself.

By David Dolan and Kanjyik Ghosh

U.S. economy's strength and continued tight labor markets could require still tougher borrowing conditions to control inflation, Fed Chair Jerome Powell said on Thursday, though rising market interest rates could make action by the central bank itself less necessary. Appearing to align himself with Fed colleagues who have recently said the bond market is now doing some of the central bank's work for it, Powell in remarks to the Economic Club of New York agreed «in principle» that the rise in yields was helping to further tighten financial conditions and «at the margin» might lessen the need for additional Fed rate increases. It was not an explicit endorsement of that view, but financial markets seemed to read it as one.

US Navy ship in the Red Sea on Thursday shot down missiles and drones that had been fired by Iran-backed Huthi rebels in Yemen, possibly at Israel, the Pentagon said. Three «land-attack cruise missiles and several drones» were intercepted by a destroyer, Pentagon spokesman Brigadier General Pat Ryder told reporters.

Trinamool Congress MP Mahua Moitra, in a two-page statement, has replied to the affidavit of businessman Darshan Hiranandani, alleging that «he was forced to sign a white paper.» TMC MP has also raised questions over the credibility of the affidavit that Hiranandreportedly submitted to the Parliament Ethics committee, claiming that it is «neither on official letterhead nor notarised» and that the contents of the letter are «a joke.» «The affidavit is on white paper, and not an official letterhead or notarized. Why would one of India's most respected/educated businessman sign a letter like this on white paper unless a gun was put on his head to do it?» Mahua said in her statement posted on 'X' on Friday. «Darshan Hiranandani has not been summoned by the CBI or the Ethics Committee or indeed by any investigative agency yet.

Cleartrip said it witnessed during the recently concluded Big Billion Days sale. Bookings for air travel rose 90% during Flipkart’s annual flagship sale compared with the business-as-usual period, Cleartrip chief financial officer Aditya Agarwal told ET in an interview. While bus bookings at the online travel agency grew 80%, the biggest jump was in hotel bookings that expanded three times.

bond yields surged to a 16-year high on Thursday to within sniffing distance of the psychological 5% mark, causing jitters in the global stock markets already edgy over the escalating West Asia conflict. The rising US yields along with a stronger dollar can raise India Inc's overseas borrowing and debt-servicing costs, though economists say India's strong fundamentals offer protection.

Comodo Motors general manager Jordan Baker joins 'The Big Money Show' to discuss the impact on auto dealers and car buyers from the ongoing UAW strike.

Investing.com-- Japanese consumer inflation grew slightly more than expected in September as food prices remained elevated, while a core inflation reading that is closely watched by the Bank of Japan remained near 40-year peaks.  

Citizens Financial Group Inc. rolled out a private bank as it seeks to capture wealthy clients of regional lenders that were felled by the turmoil earlier this year.