Target Financial News

By Isla Binnie

WASHINGTON (Reuters) — U.S. consumer prices increased in September amid higher costs for rent and gasoline, but underlying inflation is slowing, supporting financial market expectations that the Federal Reserve would not raise interest rates next month.

₹2 trillion over the next seven years, including Vande Bharat projects and various metro tenders. Indian Railways has issued a production plan of 102 Vande Bharat rakes, with 75 as chair car versions and the rest as sleepers.

HDFC Bank Ltd Bagaria has recommended a Buy on the HDFC Bank stock at ₹1547 and up to ₹1510 for a target price of ₹1700 to 1780. On the daily chart the stock has bounced from support of 1490 levels and currently trading at 1547 forming a three rising soldiers pattern, as per Bagadia More over the stock has also crossed the initial resistance of 1545 which is also close to its 20 day EMA levels .

By Aftab Ahmed

Mahantesh Sabarad, Independent Market Expert, says “I do not think guidance revision will lead to a massive derating in EPS estimates but potentially expectations from Infosys will get further delayed. Most of the analysts would roll forward their estimates and look at a better EPS and therefore with the lower multiple assigned, virtually retain the same target price. Something similar is likely to happen. I do not see any major upgrades coming in per se in terms of either EPS or target prices from analysts.” For Infosys. revenue has come in at 2.3% sequential growth. Margin has seen a 40 bps expansion at 21.2% and we are also looking at a TCV of around $7.7 billion. But, of course, the biggest headline is the guidance cut on the upper end. Your take. These results seem to be all right and 2.3% constant currency growth is a bit of a positive surprise and the deal wins are also very good. I am not too sure why the guidance has been tempered down. I guess like TCS, they are also facing a bit of execution issue ramp downs and late ramp-ups are likely to happen ahead. That seems to be the broader issue for the entire industry per se.

As serious volatility rocks the Tezos chart, XTZ has tumbled -4.8%, leading some fearful bag-holders to ask 'is Tezos going to zero?'.

Thursday 12th of October – Up-and-coming Telegram crypto casino TG.Casino, has just announced that its $TGC token is now playable and fully integrated into TG.Casino – you can start wagering today.

Syria's state television said Israel launched attacks on the main airports in the capital Damascus and the northern city of Aleppo on Thursday. Local media channel Sham FM said Syrian air defences were launched in response to both attacks.

India's retail inflation eased to 5.02 per cent in September on an annual basis as against 6.83 per cent in August, showed data released by the ministry of statistics on Thursday. On a monthly basis, the prices deflated (-) 1.13 per cent. The food price inflation for September stood at 6.56 per cent as 9.94 per cent in August.

U.S. stock investors are turning their focus to today's highly anticipated inflation data, which could determine the near-term path of an equity rally that has wobbled in recent weeks.

Investing.com — U.S. futures rose Thursday, ahead of the release of the eagerly-awaited September consumer prices report.

Belgium’s prime minister says his country, which has the biggest interest in the global diamond trade in the European Union, is supporting a ban on Russian diamonds as part of sanctions targeting President Vladimir Putin’s government for its war agains...

Hillhouse, the investment firm started with backing from Yale University’s endowment, is preparing to pitch a new Asia-focused private credit fund to international investors as the asset class continues to grow in the region.

Federal Reserve officials were split over whether they would need to raise interest rates again this year when they decided last month to hold their benchmark policy rate steady. “A majority of participants judged that one more increase in the target federal-funds rate at a future meeting would likely be appropriate, while some judged it likely that no further increases would be warranted," said the minutes from the Fed’s Sept. 19-20 policy meeting released Wednesday.

In the wake of the Federal Open Market Committee's (FOMC) recent assertive commentary, Bitcoin price experienced a near 3% dip. 

Investing.com — The U.S. dollar slipped lower in early European trade Thursday, hovering near a two-week low ahead of the release of key U.S. inflation data.

Indian Stock Market: Metals stocks remained in focus and Nifty metal index was up more than 1% with gains being led by NMDC share price that were up almost 6% . National Aluminium Company share price (NALCO) also gained more than 4% while Hindustan Copper share price was also up almost 2% . The decision by the central government approving royalty rates of 3% each for lithium and niobium and 1% for Rare Earth Elements (REEs) lifted Street sentiments.

₹400 crore and a green-shoe option for a similar amount. “Performing credit" means lending to companies that are running their business on an ongoing basis, have a long track-record and are profitable at the Ebitda level. For the first close milestone, the asset manager has raised about ₹100 crore in commitments from a mix of domestic and offshore investors including high- and ultra-high-net-worth individuals, and family offices.

Tata Consultancy Services (TCS) share price tumbled 1.78% to Rs 3,545.40 today, a day after the IT major reported 8.7% growth to Rs 11,342 crore in its consolidated net profit in the second quarter of FY24. TCS had reported a profit of Rs 10,431 crore in the same period a year ago. The IT major’s net profit jumped 2.4% on-Quarter. The company also announced a share buyback for Rs 17,000 crore at a price of Rs 4,150 a share on October 11, 2023. TCS stock price has slipped 0.71% in the last one month and has surged over 14% in the past one year.

Hero Realty Pvt Ltd (HRPL), one of India’s leading real estate developers, today announced that it has entered into a new joint venture (JV) agreement with Saheb Enterprise to develop a premium multi-story complex on approximately 4 acres of land in Gurugram’s fast-developing 104 Sector. With this new project announcement, Hero Realty aims for at an additional Rs 1500 crore in the topline for the current fiscal, and a topline of Rs 5000 crore in the next couple of years.