Target Financial News

₹2900 crore from ₹2094 crore in the fiscal before. The revenue of the company grew by 35.5% to ₹6875 crore in FY23 from ₹4694 crore during the fiscal year 2022. A day after the financial results came out, Zerodha founder and CEO Nithin Kamath shared a long post on X on how Zerodha's valuation is higher than calculated.

Saving for retirement is proving challenging for many American workers who are concerned that they are behind schedule.

WASHINGTON (Reuters) -The U.S. Federal Trade Commission filed a lawsuit against Amazon.com (NASDAQ:AMZN) that accused the online retail giant of overcharging customers and independent sellers on its platforms as the $1 trillion company sought to illegally maintain monopoly power.

Terra Classic price has seen LUNC surge +5%, as Terra community members deliberate on two crucial proposals set to shape the future of the Terra Classic ecosystem.

(Reuters) -Ryanair announced on Thursday cuts to its winter schedule due to delays in the delivery of Boeing (NYSE:BA) aircraft, but Europe's largest airline by passenger numbers said its full-year traffic forecast was unaffected «as yet».

RJD MP Manoj Jha during the debate on the women's reservation bill in the Rajya Sabha has ignited a political controversy in Bihar. As per a TOI report, the poem, referring to 'Thakurs', has stirred heated debates and raised concerns about the use of caste-related references in public discourse. During his speech, Jha recited a poem composed by Om Prakash Valmiki, and among its verses were the lines: "Chulha mitti ka, mitti talaab ki, talaab Thakur ka...bael Thakur ka, hal Thakur ka, hal ki mooth par hatheli apni, fasal Thakur ka..." This recitation has led to accusations from some local politicians, including Grand Alliance leader and former MP Anand Mohan, who declared that he would not tolerate the perceived humiliation of his community, the Rajputs.

walked out of the National Democratic Alliance (NDA) earlier this week, has dismissed the reports which claimed that it had sought the removal of the saffron party's state unit chief as a pre-condition to remain within the coalition. Furthermore, the Edappadi Palaniswami-led party said it would be forming a "separate front" in the run-up to the Lok Sabha elections in 2024. The remarks were made by senior AIADMK leader KP Munusamy, who spoke to reporters in Krishnagiri on September 28.

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₹4 lakh crore a year.) This is hardly surprising. Nutritional outcomes can only improve with adequate consumption of non-cereals such as pulses, vegetables, milk and so on, which the poor cannot afford to buy at market prices. For that to happen, the food subsidy will have to go beyond providing free cereals.

₹300 crore ‘P&G Supply Chain Catalyst Fund’. Aimed at teaming up with third-party firms and startups, the fund’s objective is to co-develop solutions for a contemporary supply chain ecosystem. The investment focuses on multiple aspects, from supply chain optimization and digitization to capacity expansion and sustainability, as the company seeks to rejuvenate its supply chain, according to a company statement.

The shortage of new housing is worse than forecast, but a backlog of construction work will support a rebound in profits at bricks and roofing producer Brickworks, says managing director Lindsay Partridge.

«We would like to sustain this growth in asset under management and we intend to touch the figure of Rs 5 lakh crore in the current financial year,» says Vivek Kumar Dewangan, CMD, REC. Now, firstly, you have signed many project-level MOUs as we understand and now this Rs 5,000 crore co-finance plan with PNB as well. What is the realistic visibility of disbursements that you foresee for both FY24 and FY25? Yes, in fact, when we had organised this Green Finance Summit on the sideline of G20 event at Goa, we got a huge response from the renewable energy developers, technology providers and the manufacturers and we were able to sign MOUs worth 2,86,000 crore. And Government of India has also allowed us to diversify into infrastructure and logistics, that is another area where we are focussing and government has allowed us that 33% of our loan book could be from infrastructure and logistics. So, we are joining, we are having collaboration with a number of financial institutions like PNB also and SBI and others.

By Jamie McGeever

Dixon Technologies surged 2% to hit a new 52-week high at Rs 5,379.8 in Thursday's trade on BSE after its wholly owned subsidiary- Padget Electronics Private Limited entered into an agreement with Xiaomi to carry out manufacturing of smartphones and other related products for Xiaomi. The manufacturing will take place at Padget’s manufacturing facility in Noida. Analysts say the deal will help Xiaomi India leverage Dixon’s status of being cleared to receive sops under the government’s production-linked incentive (PLI) scheme for mobile manufacturing. And for Dixon, it will mean another big-ticket contract, assuring revenue for its mobile manufacturing business, which contributed the largest — 46% — to its total revenue of FY4Q. Under the PLI scheme, Dixon has so far received around Rs 110 crore as incentives for meeting the incremental production targets.

AFSPA) in the entire state excluding 19 police station areas including Imphal from October 1 onwards. A notification issued by the Commissioner (Home) T. Ranjit Singh said that the Governor of Manipur hereby accords approval to declare the entire state of Manipur excluding the areas falling under the jurisdiction of the 19 Police Stations as «Disturbed Area» for a period of six months with effect from October 1.

The MCX December gold futures were trading down by Rs 91 or 0.16% from the Wednesday closing price at Rs 58,192 per 10 gram on the MCX while the December Silver futures were trading at Rs 70,671 per kg, higher by Rs 122 or 0.17%. Gold futures are down 2.87% or by Rs 1,702 on the month-to-date basis while they have gained 4.83% or by Rs 2,655 on the year-to-date basis, Anuj Gupta, Head Commodity & Currency at HDFC Securities told ETMarkets. As for silver futures, the declines are to the tune of 6.78% or Rs 5,133 in September while the gains this year stand at 1.64% or Rs 1,136, he said.

Gujarat Ambuja Exports Ltd (GAEL), part of the agricultural products industry, has rallied by about 18% in a week to touch a fresh 52-week high in September 2023 and the chart patterns suggest that the rally may not be over yet. The stock rose from Rs 285 as of 18 September 2023 to Rs 338 recorded on 25 September 2023 which translates into an upside of over 18% in a week. The stock has rallied over 30% in a month – putting it in an overbought zone. Gujarat Ambuja Exports, which has a market capitalization of more than Rs 7600 cr trades at a market capitalization of 27.05x and an earnings per share of Rs 12.49, BSE data showed. Short to medium-term traders can look to buy the stock now for a target of Rs 360 in the next 3-4 weeks, suggest experts.

ICICI Lombard. Jefferies has a buy rating on RIL and Motilal Oswal recommended a buy on Global Health (Medanta). We have collated a list of recommendations from top brokerage firms from ETNow and other sources: UBS on L&T: Buy| Target Rs 3600 UBS maintained a buy rating on L&T but raised the target price to Rs 3600 from Rs 3040 earlier. Past strategies aided capability/scale and asset light sustainability is the new strategy for the company.

The S&P BSE Sensex rose more than 170 points while the Nifty50 closed above 19700 on Wednesday. India VIX was up by 3.62% from 11.18 to 11.58 levels in the previous trading session.

Siddhartha Khemka, V-P, Head of Research (Retail), MOFSL, says “within the ferrous space, JSW Steel is a preferred pick followed by SAIL. Hindalco in the non-ferrous space is something that we like. The market has shown some appetite for niche luxury properties. So, real estate will do well. Our preferred picks would be Oberoi Realty and Macrotech Developers.” What is your view on metals and Vedanta specifically because it is a high beta name?All these headlines regarding debt etc keep on circling around and impacting the stock price. What should a medium to long term investor do? Within the metal space, Vedanta has been very volatile. There have been continuous news flows or developments with regards to the company, with regards to the promoter and the promoter entity as was the case today. But if you look at it from the overall sector perspective, after having some pressure in the past couple of quarters, the companies have now taken price hikes in the last couple of weeks and that is helping to change the sentiment.

Mayuresh Joshi, Head-Equity Research, India, William O'Neil, says “the commentary surrounding order wins by IT companies remains extremely strong because the targeted bucketed list that they probably have between a million dollars to five million and to ten million for midcap IT companies those order wins and those transformational deals when it comes to AI and the associated space is there itself still continues at a rapid and a very good pace. The other space, ER&D, where a lot of companies like a KPIT, Tata Elxsi, Sonata have done well and continue to do well.” Is a move on Reliance sustainable and are there enough fundamental triggers in place? Singapore GRMs have come off in the last few weeks and therefore the refining segment for the better part of the second quarter and the third quarter, will stay at these levels and can be under some sort of pressure. But we all know that Reliance has access to multiple feedstocks and even if Singapore GRMs have corrected to around $6.5, an outperformance of $2 to $3 to say the least can be expected from Reliance.