Target Financial News

India has lodged strong protests with China over its denial of accreditation for the Asian Games in Hangzhou to some of the Indian sportspersons from Arunachal Pradesh, saying the action violates the spirit of the sporting event and rules governing its conduct. External Affairs Ministry Spokesperson Arindam Bagchi said as a mark of India's protest against China's discriminatory behaviour, Union I&B and Sports Minister Anurag Singh Thakur has cancelled his scheduled visit to China for the Games. Bagchi said India reserves the right to take «suitable measures to safeguard our interests'. »The government of India has learnt that the Chinese authorities have, in a targeted and pre-meditated manner, discriminated against some of the Indian sportspersons from the state of Arunachal Pradesh by denying them accreditation and entry to the 19th Asian Games in Hangzhou, China," Bagchi said. «In line with our long-standing and consistent position, India firmly rejects differential treatment of Indian citizens on the basis of domicile or ethnicity.

credit card frauds, particularly targeting women in areas like New Alipore, Netaji Nagar, and Ballygunge in south Kolkata. Fraudsters are using the pretext of Durga Puja «packages and offers» by banks to deceive victims. In one recent incident, a woman from New Alipore received a call from fraudsters promising to increase her private bank credit card limit.

Nuvama Institutional Equities, reiterated its 'buy' rating on Mahindra & Mahindra (M&M) and stated that Escorts continues to be its top picks. After recently speaking with a zonal head of a tractor company, TAFE, Nuvama wrote in its report stated that the tractor market would remain flat during the festive period, that the volume of tractors would likely remain flat or even decline in FY24E due to a high base and a deficit monsoon, that M&M would gain market share due to the improved acceptance of the Swaraj brand, and that Escorts would gain from Kubota's assistance in the development of new products and improved quality.

IIFL Finance is positioned for a rally of up to 34%, supported by substantial asset expansion and enhanced returns, as indicated in a report by HSFC Global Research. The brokerage anticipates a robust performance from IIFL Finance throughout the fiscal years from 2023 to 2026, underscoring pivotal elements poised to propel this noteworthy upturn. While initiating coverage on the stock with a 'buy' rating and setting a target price of Rs 790, HSBC Global Research said a surge in retail assets under management (AUM) and the prospect of lower volatility in asset quality during the next economic cycle could trigger a positive re-rating for IIFL Finance.IIFL Finance shares, which rallied 22% in the last three months, are currently trading at Rs 583. One of the standout projections is a staggering 25% Compounded Annual Growth Rate (CAGR) in Assets Under Management (AUM), demonstrating the company's potential to attract and manage a growing portfolio.

BSP MP Danish Ali wrote to Lok Sabha Speaker Om Birla on Friday, demanding that the matter of BJP MP Ramesh Bidhuri's use of abusive language on the floor of the House be referred to the privileges committee. Ali sought an immediate inquiry into the matter. Bidhuri made certain objectionable remarks targeted at Ali on Thursday night during a discussion in the Lok Sabha on the success of the Chandrayaan-3 mission. «I write to you with deep anguish regarding the speech given in Lok Sabha by an MP of the BJP Mr Ramesh Bidhuri during the discussion on 'Chandrayan success'.

(Reuters) — The Bank of Japan maintained ultra-low interest rates on Friday and a pledge to keep supporting the economy until inflation sustainably hits its 2% target, suggesting it was in no rush to phase out its massive stimulus programme.

(Reuters) — The moment investors have been waiting for seems to finally have arrived, as major central banks have indicated they are nearing the end of their string of interest-rate rises.

Condemning a video by a pro-Khalistan organisation threatening Hindus of Indian origin asking them to leave Canada, the Canada’s public safety minister Dominic LeBlanc said all Canadians deserve to feel safe in their communities. This comes amid the escalating tensions between India and Canada over Hardeep Singh Nijjar murder.

Congress on Friday took strong objections to BJP MP Ramesh Bidhuri's remarks in the Lok Sabha and demanded his suspension from the House.

Osho Krishan, Senior research Analyst, Angel One, says the first trading pick is Grasim. From here onwards, one can expect that those who have missed the rally in the previous week, can re-enter in the counter for the higher target of 2000. On the downside, one can put a strict stop loss of Rs 1870 on the spot levels. The second technical pick is from auto company Balkrishna Industries. The technical charts of Balkrishna Industries is looking very promising. It is on the verge of giving a breakout.Do you see the short covering in the market to continue? Today we have seen a very strong rebound in the market. But as of now, the 19,800 zone is having a very strong resistance because if you will be looking at the data from the derivative point of view, then 19,800 has a very strong pileup of call writing position. So that means 19,800 should be acting as a stiff resistance. As we are going to have a weekend from tomorrow, there would not be any strong traction that can be seen in today's session. But overall, if the market sustains above 19,720 odd levels, which is the 50% Fibonacci retracement of the recent rally, then, it is a positive development after three consecutive days of stiff or very intensified selloff. One can expect that from next week, our market can see some kind of good momentum or can see some kind of bullish momentum. And from there onwards, one can even look for opportunities on the long side.

₹1,000 crore to develop 4-5 large marquee resorts in Uttarakhand over the next few years, reported businessline. This marks the largest investment by MHRIL in any Indian state which aligns with their Mahindra Group's plans to increase their resort keys from 5,000 to 10,000 by 2030. Chairman of Mahindra Group, Anand Mahindra took to social media platform X to reveal this venture, the post reads "Home is where the heart is.

New Delhi: India's economic outlook for FY24 remains bright, with economic activity maintaining its momentum and food prices cooling down. However, rising oil prices remain a concern, the finance ministry said in its monthly economic review for August. Oil prices rose to 10-month highs earlier this week on extended production cuts from key suppliers.

The underlying momentum of Nifty is quite bullish, said Kavita Agrawal, CMT CFA, CEO of exp-invest.in. In an interview with Mint, Agrawal said swing trading is a high-risk risk high-reward alternative to options trading which is high-risk low reward. The underlying momentum of the Nifty 50 is quite bullish. The daily timeframe suggests this is a mere breather and the level is 20,000 is a major psychological resistance so it’s natural that the market has taken some correction.

Berger Paints climbed over 6% to hit a new 52-week high at Rs 666 in Friday's trade on BSE as it traded ex-bonus in the session. «Berger Paints fixed Saturday, September 23, 2023, as the record date, for the purpose of ascertaining the eligibility of shareholders entitled for issue of bonus equity shares of the company in the ratio of 1:5, i.e., 1 equity share of Re 1 each for every 5 equity shares of Re 1 each,» the company said in an exchange filing. At 11.58 a.m., the stock was trading 5.8% higher at Rs 663.5 on BSE. On a year-to-date basis, the stock has gained nearly 40%, However, in the last two years, it has delivered negative 2% returns to its investors. Earlier, during the June quarter results, Berger Paints' Board of Directors approved the bonus issue of one bonus equity share against five equity shares. In Q1 FY24, the company reported a nearly 40% year-on-year (YoY) jump in its consolidated net profit at Rs 355 crore versus Rs 254 crore in the same quarter last year.

Qantas chief executive Vanessa Hudson says the airline will spend hundreds of millions of dollars shoring up its reputation with customers after months of acrimony over poor performance and high airfares, but acknowledged the extra spending will come at a cost to the company’s profits.

RR Kabel shares were listed on September 20 at a 14% premium to issue price. RR Kabel share price began trading at ₹1,179 on BSE and ₹1,180 on NSE as compared to the issue price of ₹1,035 per share. The stock has been rising since listing and is up more than 15% from the issue price.

Sukhdool Singh Gill, also known as Sukha Duneke, a notorious gangster-terrorist, embarked on his criminal journey in 2005, initially involved in minor criminal activities. Over the years, he rose through the ranks, establishing an extortion racket and carrying out targeted killings, all the way from his roots in the obscure Duneke village of Punjab's Moga district to Canada.

economic review for August published on Friday, the Department of Economic Affairs (DEA) said that the prices of selected food items that drove the inflation rate above 7 per cent in July are on the retreat. «The calibrated measures taken by the Government, including adjustments in the duties of many critical inputs and monetary policy tightening, helped to reduce core inflation,» the DEA said in its report. In its report, the department specified that the government's targeted measures for specific crops, including build-up of buffer, procurement from producing centres and subsidized distribution enabled easing of inflation in the country. Amid growing food inflation in major economies inter alia France, Germany, Japan, South Africa, and UK, India on the other hand saw a dip in its retail inflation. As of August, consumer food price inflation eased to 9.9 per cent from 11.5 per cent in July. Vegetable inflation, however, surged in both July and August due to various factors including a sudden price rise in tomatoes and other food items, due to crop specific and weather-related factors like rain deficiency in the country. Nonetheless, the average inflation during April-August 2023, was 5.6 per cent, which is within the RBI tolerance limit of 2-6 per cent. Meanwhile, the economy's outlook report highlighted that the monsoon deficit in August could impact both Kharif and Rabi crops which requires assessment.

«I think these are, let us say times of tipping point so you would see sudden shifts and you would see lots of improvements and almost every day is going to be an exciting day,» says Jairam Sampath, Kaynes Technology.First HNI investors, then institutional brokerages and now retail brokerages, are you surprised with how suddenly everybody is excited about the EMS space?Yes, so in our journey for the country from a low income group to a reasonably sized income, I think one of the things which was lacking in our country was the impetus to manufacturing and I think it looks like electronics manufacturing is going to be the flag bearer of the emergence of manufacturing. I would not say resurgence because we always had not too much of manufacturing on our plate. So yes, I am not surprised that across the board, people are excited and they are lending their support both morally and physically.Your big deal wins in last three months, which give you the confidence that the renaissance moment has arrived?I think these are, let us say times of tipping point so you would see sudden shifts and you would see lots of improvements and almost every day is going to be an exciting day.

Muthoot Finance Ltd on Thursday announced its 32nd series of public issue of secured redeemable non-convertible debentures of face value of ₹1,000 each. The issue has a base size of ₹100 crore with an option to retain oversubscription up to ₹600 crore, aggregating to a tranche limit of ₹700 crores. The issue, which opened on September 21, will close on October 6, with an option to close on an earlier date or extended date, as may be decided by the Board of Directors or the NCD committee.

monetary stimulus, according to Reuters news report. The BOJ maintained a 0.1% interest rate and a target yield on 10-year government bonds of roughly 0% during the two-day meeting that ended on Friday, said Reuters in its news report.