Target Financial News

New Delhi: Prime Minister Narendra Modi on Tuesday directed the Indian Space Research Organisation (Isro) to aim for setting up “Bharatiya Antriksha Station", or an Indian space station, by 2035, and seek to land the first Indian on the moon by 2040. The statements were a part of a meeting chaired by Modi to assess the progress made by Isro on India’s manned space mission, Gaganyaan.

“Even wars have rules," United Nations Secretary-General António Guterres said last week, repeating a maxim of international law that experience has shown to be more aspirational than operational. Hamas mocked the most sacrosanct of those rules when it intentionally targeted Israeli civilians earlier this month in an operation that killed more than 1,000 Israelis and took about 200 people hostage.

In the midst of a huge blunder by CoinTelegraph, Bitcoin SV (BSV) has shot-up +20% in a dramatic break above the 200DMA, but as a golden cross emerges - is it too late to buy Bitcoin SV?

By Karen Brettell and Samuel Indyk

In a tumultuous move for Trust Wallet ($TWT), markets have reacted poorly to a teased 'major update' resulting in a -8% price drop, leading some dejected bag-holders to ask 'Is Trust Wallet going to zero?'.

(Reuters) -Lucid Group posted a near-4% sequential increase in deliveries for the third quarter after the electric-vehicle maker offered a promotional price to aid demand for its Air luxury sedan.

The Middle East’s latest conflagration has got Wall Street’s forex researchers on the overdrive, forecasting possibilities for the euro to reach parity with the US dollar amid speculation the crisis will drive up Europe’s inflation with higher energy costs.

Pitti Engineering (PEL) with a 'buy' rating, setting a target price of ₹940 apiece. This target price suggests a potential upside of nearly 38% from the stock's previous closing price of ₹684.35 apiece. Notably, the shares, over the last one-year, more than doubled investors' wealth, delivering a return of 135%, and skyrocketed 2018% in just three years.

ICRA. “The anticipated YoY surge in capex benefits from the prescient support extended by the Government of India (GoI) to the state governments through the increase in the allocation for the Scheme for Special Assistance to States for Capital Investments to Rs. 1.3 lakh crore in FY2024 BE from the Rs.

Inflation, the Fed, interest rates, Russia/Ukraine war, Israeli/Hamas/Hezbollah war, Iran, China, North Korea, housing, earnings, oil, politics, bank instability, unemployment, US Dollar, etc.

Hero MotoCorp (HMCL) as the 'Choice ka Techno Funda' pick. The brokerage recommends buying Hero Moto in cash at ₹3,170 and add up to ₹3,080 for a target price of ₹3,620 for a duration of 1-3 months. This target indicates an upside of 14.5 percent.

Indian stocks, which has delivered stellar return to shareholders in YTD. This Indian auto major has backing of various mutual funds and state-owned insurer Life Insurance Corporation (LIC) of India.

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Safexpay, a digital payments company, has launched NeuX, a neo-banking platform for MSMEs, corporates and B2B businesses. 

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KFin Technologies (KFin) have risen 25 percent to currently trade at ₹457 from its IPO price of ₹366. On the back of strong returns and bullishness of the management over their overseas expansion plans, brokerage house Jefferies has retained its ‘buy’ call on the stock and raised its target price to ₹560 from ₹500 earlier. The new target implies a potential upside of over 22 percent.

Brussels police arrested a suspected gunman accused of shooting dead two Swedish football fans in what Belgium's prime minister condemned as an act of «terrorist madness». Officials said police opened fire and the suspect was «neutralised» during the arrest, which followed an intensive overnight manhunt in the Belgian capital for an assailant armed with an automatic rifle. There were conflicting accounts of the suspect's condition after his arrest which took place in the Schaerbeek district of central Brussels. Prime Minister Alexander de Croo earlier said the detained man was of Tunisian origin and had been living in the country illegally. He added that someone claiming responsibility for the killings had posted on social media that he was inspired by the Islamic State extremist group. «The terrorist attack that happened yesterday was committed with total cowardice, the attacker chose as a target two Swedish football fans,» de Croo told a news conference, adding that a third person — a taxi driver — was seriously wounded. «Terrorism strikes indiscriminately,» he said.

New Fortescue board member Larry Marshall says he is convinced the company will achieve the goal of decarbonising its mining operations by 2030 as it seeks to become a major supplier of prototype technology and machinery beyond the resources sector.

Cyient DLM shares rallied 9% to Rs 748 in Tuesday's trade on BSE after the firm reported a net profit of Rs 14.6 crore in Q2FY24, which jumped 106.4% compared to Rs 0.71 crore in the corresponding period of FY22-23. Its revenue from operations climbed 71.5% year-on-year (YoY) at Rs 291.8 crore in the September quarter of FY 23-24, compared to Rs 171.55 crore. However, the EBIDTA was not up to the level as the firm reported Rs 23.5 crore during the Q2FY23-24, while the margin dropped 571 bps YoY. Following the Q2 results, brokerage firm Motilal Oswal said, «Cyient DLM reported robust revenue growth of ~72% YoY in 2QFY24, led by strong traction in the Aerospace and Defense vertical.

Inflows to U.S.-listed emerging market ETFs that invest across developing nations as well as those that target specific countries totaled $228 million in the week ended Oct. 13, compared with losses of $3.1 billion in the previous week, according to data compiled by Bloomberg.

Ericsson on Tuesday said it expected the uncertainty impacting its mobile networks business to persist into 2024, after reporting a fall in third-quarter revenue as demand for 5G equipment fell in North America. The company, which pre-announced its results last week and took a $2.9 billion impairment charge on its Vonage acquisition, said it expects current quarter results to be similar to the third quarter. «We are not going to guide for 2024 specifically, because the timing of the recovery of the market is uncertain,» Chief Financial Officer Carl Mellander told Reuters. Gear makers such as Ericsson and Nokia have been hit by a slowdown in spending by telecoms companies. Mellander said the company had increased its previously announced 2023 cost saving target of 11 billion Swedish crowns ($1.01 billion), including the laying off 8,500 employees, to 12 billion crowns. «We have proven that cost cutting is something we are good at...should the market and our financial performance require it, we can do more,» he said. Networks organic sales in North America were down by 60% from last year as telecoms customers adjusted their inventory and were slower to roll out new equipment.