Target Financial News

The SEC has charged a podcast host for allegedly running a Ponzi scheme which claimed to offer low-risk, high-return promissory notes purportedly collateralized by first mortgages on homes located throughout Ohio.

Predator drones of the Indian Navy have flown over 13,000 hours of missions across the Indian Ocean Region from INS Rajali, Naval Air Base here and helped the maritime force keep a close watch on the entire area for interest of the country. The two drones have been operated by the Indian Navy since November 2020 when the force got them on lease from the American firm General Atomics as part of the emergency procurement powers. «The aircraft has the capability to cover over 4,000-8,000 kms in one go and can operate for more than 30 hours in one stretch which allows them to cover the entire Indian Ocean Region in one go,» the second in command of the Navy's drone unit Lieutenant Commander Lokesh Pandey told ANI. Team covered the operations of the most advanced drone of the force here where the Predator showcased its capabilities. Asked about the 15 more advanced Predator MQ-9B drones that the force would be getting from the US under a tri-services deal, the first Mission Commander of the Predator drones in the country Lieutenant Commander Varsha said the new drones being planned would be equipped with weapons including air to ground missiles, bombs and submarine detection kits fitted with sonobuoys which can help detect the hidden enemy submarines. The Predator drones can be equipped with American Hellfire missiles, bombs and other high-level sensors which can be used for carrying out strikes from long ranges against enemy targets. The American forces have used drones to carry out countless strikes against terrorists like al-Qaeda's Ayman al-Zawahiri, and others. The Indian armed forces are getting 31 of these drones in total as part of a deal announced by India during Prime Minister Narendra Modi's state visit to

Sectorally, buying was seen in telecom, FMCG, auto, and realty stocks while selling was seen in IT, banks, and consumer durable stocks. Stocks that were in focus include names like Apar Industries which was up nearly 7%, Varun Beverages closed with gains of over 4% and TVS Motor Company rose nearly 1% to hit a fresh all-time high on Tuesday. We have collated a list of three stocks that either hit a fresh 52-week high, or all-time high or saw a volume or a price breakout. We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view: Analyst: Hariprasad Kizhakkethara, SEBI Registered RA (INH200009351), Director of Livelong Wealth. Varun Beverages On Tuesday, Varun Beverages stock went up to 5% in a single day. The overall sentiment of this stock is bullish time and has gained since its listing. The stock has been moving in a channel pattern since December 2022.

One is backed by the “higher-for-longer” rates mantra and the other by what can now be termed “lower-for-longer” rates preference. The odds of the US dollar reaching parity with the euro are still there but charts suggest the greenback will probably hit stiff resistance soon after rising relentlessly since the end of July.

₹200 to open a demat account. In its update, Zerodha explains why it has kept the account opening charge at a nominal rate. ‘’There is an actual cost (KYC, documentation, eSign, human verification, etc.) that is incurred while opening an account.

JPMorgan Chase & Co. CEO Jamie Dimon says geopolitics after Russia's invasion in Ukraine is the biggest risk, larger than high inflation or a U.S. recession.

Vijay Wadettiwar on Tuesday sought to know why «efficient» central agencies like the Enforcement Directorate and the Central Bureau of Investigation fail to nab the people involved in leaking papers of recruitment examinations conducted by the government. He also targeted the Eknath Shinde-led Maharashtra government over the paper leak incidents, and asked it to undertake measures to curb such malpractices. «After the talathi recruitment fiasco, there are instances of paper leaks in the similar hiring procedures of Mumbai police and state forest department.

The 30-share BSE benchmark Sensex declined 78 points or 0.12% to settle at 65,945. The broader NSE Nifty dropped 10 points or 0.05% to end at 19,665. From the Sensex pack, Tech Mahindra, Infosys, Asian Paints, ICICI Bank, and Kotak Bank closed with cuts, while Nestle, Tata Steel, M&M, Bajaj Finance, and HUL closed higher. Eicher Motors closed 2.6% higher after global brokerage firm Jefferies raised its price target to Rs 4,150 from Rs 4,000. Shares of Strides Pharma fell 2% after the company announced plans to spin off its CDMO (Contract Development and Manufacturing Organisation) and soft gelatin businesses into a new entity, OneSource. Nifty IT index fell 0.54% on fears of a delayed demand recovery in the US due to higher interest rates.

India and Canada. The recent assassination of gangster Sukha Duneke in Winnipeg, Canada, has brought this simmering feud to international attention, shedding light on the complex web of violence and criminal activity that spans continents, a TOI report stated. Duneke, who was brutally gunned down with nine shots to the head, reportedly fell victim to a vendetta orchestrated by incarcerated gangster Lawrence Bishnoi.

Sev.en Global Investments’ raid on a majority shareholding in coal miner Coronado Global Resources could soon be followed by the acquisition of more Australian power generation and steelmaking assets.

Investors overseeing $23.6 trillion of funds have kick-started a campaign to pressure 100 companies to ramp up the fight against biodiversity loss.

European luxury stocks fell again on Tuesday as Morgan Stanley joined the chorus of analysts warning that demand for expensive handbags and jewelry in China and Europe is likely to slow.

Zerodha Co-founder and Chief Executive Officer (CEO) Nithin Kamath has advocated against opening demat accounts for free just to increase user accounts. While claiming that Zerodha is the only brokerage firm to charge account opening fees from clients, Kamath explains why not charging an account opening fee is a non-starter for the broking platform. In its blog post 'Z-Connect', Zerodha said that it charged Rs 200 from customers for opening an account and was the only Indian brokerage to do this.

Nirmal Bang remains cautious about the IT sector as it emphasises investors use the market rally to pare positions in IT stocks if overweight, especially in the tier-2 set. The brokerage firm has cut the FY25 revenue estimates for almost all its coverage as it expects a shallow US recession in 2024. "We advocate that investors use the ‘delayed/no landing’ rally seen since October 2022 to pare positions if overweight, especially in the tier-2 set," Nirmal Bang said in a note on September 26.

Vodafone Idea has launched a 5-day offer called ‘Recharge and Fly’ targeting its pre-paid user base from October 26-30 in association with online travel portal EaseMyTrip, the telecom operator said in a statement Tuesday. The offer, which is exclusive to users of Vi’s mobile application, includes a raffle of sorts that will allow users to win travel coupons on the EaseMyTrip portal and additional data on select packages by recharging their prepaid mobile number during the offer window. “As part of the proposition, Vi users recharging through the Vi App between 26th to 30th September 2023, will stand a chance to win a free flight ticket every hour, valued upto Rs. 5000.

By Kevin Buckland

NITI Aayog will soon undertake the evaluation of India’s biggest subsidy schemes, the National Food Security Act and LPG subsidy, to rationalise expenditure, prevent leakage and ensure benefits are reaching the eligible candidates. The Development Monitoring and Evaluation Office, which is an attached office of NITI Aayog, has invited proposals for a central coordinating agency for evaluation of the two schemes, which together cost the exchequer nearly Rs 4,00,000 crore a year. “The government implements one the largest public food and nutritional safety nets in the world through the National Food Security Act (NFSA), enacted in 2013. However, despite the large public expenditure, gains in the food security and nutritional outcomes in India have been slow with the country accounting for roughly 30% of the global burden of hunger,” the DMEO said in the RFP document. Explaining the rationale behind evaluation of the LPG subsidy, the DMEO further said that India is the third largest energy consumer in the world after China and the USA. “The current consumption of LPG in India has risen to 12.3% of total petroleum products compared to 1.13% of kerosene.

Bengaluru bandh called by various organisations over the Cauvery river water dispute evoked partial response on Tuesday with most of the public services functioning normally. Farmers and Kannada organisations, backed by the opposition BJP and JD(S) had made the call for shutdown in protest against the release of Cauvery water to neighbouring Tamil Nadu. Normal life was affected in the city as fewer people ventured out. 'Karnataka Jala Samrakshana Samiti,' an umbrella outfit of farmers' associations and other organisations led by farmer leader Kuruburu Shanthakumar, has given the call for today's dawn-to-dusk (6 am to 6 pm) Bengaluru bandh. Shanthakumar and other leaders of the 'Karnataka Jala Samrakshana Samiti were detained by the police at the Mysuru Bank circle, as they were trying to hold a protest march towards Town Hall. Several activists of Kannada organisations were also whisked away by the police at Town Hall, as they gathered there to stage a protest. Farmers' leaders and Kannada activists hit out at the government for allegedly using police force to curtail the protests and bandh. City police have taken adequate security measures to respond to any violence that may happen during the protests.

Chinese trade officials say the country’s manufacturers are vital in preventing an annual shortfall of 270 wind towers in Australia as they urge the federal government to scrap anti-dumping duties.

STOCKHOLM (Reuters) -Scandinavian airline SAS said on Tuesday it was evaluating final bids in an equity fundraising that closed a day earlier, and which is part of an ongoing bankruptcy protection process.

Investing.com — European stock markets largely retreated Tuesday, as investors fretted on the prospect for a period of elevated interest rates, creating economic uncertainty.