Target Financial News

27.01 / 09:23

UPS Target show International Hedge funds line up short positions against Saba holdings in UK trust tussle

According to filings with the Financial Conduct Authority, a hedge fund named Brookdale International Partners has built up short positions against Herald investment trust (HRI), which recently defeated all eight of Saba's resolutions in a general meeting last week (22 January), and Edinburgh Worldwide investment trust (EWI), another of the seven Saba targets. Joining Brookdale's bet against Herald is Eisler Capital, which took a 0.5% short position out on HRI earlier in January. Saba shows no signs of stopping despite Herald defeat as 'the battle is still far from over' The shor...

27.01 / 08:21

Citi Target Manufacturing economy show cover travelers China's factory activity contracts in January for the first time in 4 months

An official survey shows that China’s factory activity contracted in January for the first time in four months

27.01 / 07:23

UPS Target Trade President War Shippers wary of Red Sea routes despite Houthi pledge to end targeting

Subscribe to enjoy similar stories. Big shipping companies say they won’t send vessels back to the Red Sea despite a pledge by Iran-backed Houthi militants in Yemen not to attack them as long as a cease-fire in Gaza holds. The world’s top three container shippers, MSC Mediterranean Shipping, A.P.

27.01 / 06:25

markets IPO Target Analysis Trade Experts International FirstCry shares drop 2% amid lock-in expiry concerns, JM Financial sees 46% upside

Brainbees Solutions, the parent company of the FirstCry brand, fell 2.3% on Monday to Rs 457.10 on the BSE, extending a recent losing streak as concerns over an impending pre-IPO lock-in expiry loomed large. Brokerage JM Financial maintained its “buy” rating on the stock but slashed its target price to Rs 667, still implying a robust 46% upside from current levels. The stock has been under pressure ahead of the February 13 lock-in expiry, which will make nearly 60% of the company’s share capital — over 300 million shares — eligible for trading. This volume dwarfs the stock’s average daily trading volume of around 760,000 shares and has heightened fears of selling pressure.

27.01 / 06:25

markets Target Digital Strategy Experts PAM stage New Zealand eases visa rules to allow visitors to work remotely

New Zealand has relaxed its visa rules to allow foreign visitors to work remotely while in the nation as it leans on tourism to help drive an economic recovery.

27.01 / 04:35

markets UPS Target security Analysis Trade reports Add UltraTech Cement, target price Rs 12,100: HDFC Securities

HDFC Securities has an add call on UltraTech Cement Ltd. with a target price of Rs 12100. The current market price of UltraTech Cement Ltd. is Rs 11396.1. UltraTech Cement, incorporated in 2000, is a Large Cap company with a market cap of Rs 328195.67 crore, operating in the cement sector. UltraTech Cement's key products/revenue segments include Portland/Possolana Cement, Cement Grey, Other Operating Revenue, Scrap, Lease Rentals, Sale of services for the year ending 31-Mar-2024.

27.01 / 04:05

markets Target security Analysis Trade Experts reports Buy Cyient DLM, target price Rs 650: LKP Securities

buy call on Cyient DLM with a target price of Rs 650. The current market price of Cyient DLM is Rs 506.3 The time period given by the analyst is a year when Cyient DLM price can reach defined target. Cyient DLM, incorporated in 1993, is a Small Cap company with a market cap of Rs 4055.72 crore, operating in the General sector. Cyient DLM's key products/revenue segments include Printed Circuit Boards and Job Work for the year ending 31-Mar-2023.

27.01 / 04:05

markets Target Analysis Research Trade Experts recommendations Stocks to buy or sell today: Eicher Motors, Havells among top 9 trading ideas for 27 January 2025

The Nifty future closed negative with losses of 0.64% at 23114 levels on Friday. India VIX closed 0.3% higher at 16.74 in the previous trading session.

27.01 / 04:05

markets COST UPS Target Analysis Trade Experts Shriram Finance shares in focus after Q3 profit shoots up 73% YoY. Should you invest?

Shriram Finance shares will remain in focus after the NBFC firm reported a 73% increase in consolidated net profit to Rs 3,249 crore for the third quarter ended December 2024, up from Rs 1,874 crore in the same quarter last year. Total income for the quarter rose to Rs 10,705 crore, compared to Rs 8,927 crore a year ago. Net interest income increased by 14.3% to Rs 5,823 crore, up from Rs 5,094 crore in Q3 FY24.

27.01 / 01:23

markets Target Digital Instagram Celebrity audience social Gain in influencers’ popularity might hit celebrity endorsements

Subscribe to enjoy similar stories. Companies are ditching celebrities and moving to influencers for advertisements. Influencers are more affordable than celebrities, giving the brands better returns and conversions.

27.01 / 01:23

markets UPS Target Research Trade show Eight stocks to buy and sell today — 27 January

Subscribe to enjoy similar stories. FMCG stocks outperformed the market on Friday. If we analyse the chart of Britannia, it has given a head & shoulders breakout on a smaller time frame.

27.01 / 00:19

markets Target Action Sustainability trends show recommendations Stocks to buy: Raja Venkatraman recommends three stocks for today — 27 January

Subscribe to enjoy similar stories. On 23 January, the trends remained choppy but the bulls finally survived the onslaught of the bears. However, the absence of continued trends has made everyone suspect the sustenance of the uptrends as the 23,000 base struggles to hold.

26.01 / 16:49

markets UPS Target Software Enterprise country Interviews Everstone-backed Wingify looks to expand offerings, eyes $100 mn annual revenue

Subscribe to enjoy similar stories. Bengaluru/Mumbai: SaaS-based startup Wingify expects to expand its range of offerings to cater to a wider target market, its co-founder Sparsh Gupta said, after private equity firm Everstone Capital bought a majority stake in the software services company last week. "Our next goal would be to clock about $100 million in annual recurring revenue (ARR) over the next couple of years.

26.01 / 12:27

markets Target Digital Strategy Experts PAM stage 27 Nigerian soldiers killed in jihadist suicide attack: Army

26.01 / 11:51

Target Platform country electronic reports testing What is Russia’s mysterious new space weapon?

Subscribe to enjoy similar stories. WASHINGTON WAS abuzz on February 14th with news of a mysterious Russian space weapon. Mike Turner, chairman of the House intelligence committee, urged the White House to declassify intelligence on a “serious national-security threat".

26.01 / 09:33

markets Target Food wellness Cycling information Headlines India’s monetary policy panel should hold policy rates steady for the time being

Subscribe to enjoy similar stories. In its February meeting, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) will deliberate on whether the trajectory of policy rates has reached an inflexion point from where an easing cycle can begin. With a new RBI governor at the helm, the MPC will consider the latest information on consumer price index (CPI)-based inflation and GDP growth available since the last meeting.

26.01 / 09:01

Target Progressive Action APA reports Department Courts Breaking India’s tax litigation gridlock

Subscribe to enjoy similar stories. The past few Union budgets have consistently acknowledged the problem of growing income tax disputes and litigation. Over time, various measures have been announced to tackle the high level of pendency at various forums but the progress in reducing disputes remains slow.

26.01 / 04:59

markets UPS Target performer reports Courts Lodha vs Lodha: Abhishek Lodha on the battle between the brothers for the Lodha brand

Subscribe to enjoy similar stories. Bengaluru: Macrotech Developers Ltd (Lodha Group), led by Abhishek Lodha, recently moved the Bombay High Court seeking to restrict The House of Abhinandan Lodha (HoABL), a real estate firm started by younger brother Abhinandan, from using the Lodha brand name. Mumbai-based Macrotech Developers claims HoABL’s use of the Lodha name has created confusion among customers with respect to the brand.

25.01 / 21:19

UPS IPO Target CEO Sky News performer reports Morning Coffee: Barclays' CEO bonus changes carry an omen for the investment bank. HSBC's 400 job cuts blamed on politics

Barclays hasn't announced its 2024 bonuses yet, but when it does, there are signs that they could be a bit different.

25.01 / 21:19

Target Action students Diversity Courts International Banks seem to have cancelled 65% of their diversity hiring programs

Is diversity hiring dead at investment banks? If you look to the US, the answer seems to be yes. The US Supreme Court banned affirmative action back in the summer of 2023. A few months later, it seems that only 11 of the 31 diversity schemes we spotted in 2022 still exist.

25.01 / 21:19

markets COST UPS Target Discover Morning Coffee: UBS implies MD departures might save it money. Expats in Dubai discover the downsides

Usually, in bank mergers, the rule of thumb is that you can save about 40% of the cost base of the smaller bank. For example, when UBS took over Credit Suisse in 2023, Sergio Ermotti might have looked at its last set of accounts (which turned out to be its last set of accounts), saw that the total expenses were about $18bn, and guessed that a bit more than $7bn would be a reasonable target. The actual target was set at $8bn, possibly reflecting the fact that this wasn’t an ordinary deal and the overlap was obviously considerable.

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