Target Financial News

violence in Manipur and also made some harsh remarks about the deteriorating situation for religious and ethnic minorities in India. “We have serious concerns about the apparent slow and inadequate response by the Government of India, including law enforcement, to stem physical and sexual violence and hate speech in Manipur," the experts said.

New Street Research analyst Pierre Ferragu said in a research note Tuesday that the reported Arm Holdings (ARM) IPO range is an «attractive valuation.»

British chip designer Arm Ltd. is targeting a valuation of more than $52 billion from what is expected to be the largest initial public offering this year, according to the company’s latest regulatory filing. SoftBank Group, Arm’s owner, plans to sell roughly 10% of the total shares outstanding, setting a share sale price of between $47 to $51 apiece.

Investment firm Soonicorn Ventures on Tuesday said it has received Sebi's approval to introduce an alternate investment fund with a corpus of Rs 250 crore. The newly approved angel fund will have an additional Rs 250 crore available as a green-shoe option, bringing the total fund capacity to Rs 500 crore, the firm said in a statement. «Soonicorn Ventures (SV), the Gurugram-based investment technology platform, has received regulatory approval from the Securities and Exchange Board of India (SEBI) to introduce an Angel Fund, operating as a Category-I Alternate Investment Fund (AIF),» it added. SV has a sector-agnostic approach to investments and will allocate investments ranging from Rs 50 lakh to Rs 4 crore in startups at the initial funding stages. The platform has been investing in promising sectors, such as Drone Technology, B2B SaaS, Electric Vehicles (EV), Financial Technology (FinTech), Supply Chain Logistics and others. Soonicorn Ventures' portfolio startups include Zypp, Zingbus, Samosa Party, SupplyNote, AutoNxt etc. «The newly approved Angel Fund is sized at an impressive Rs 250 crore, with an additional Rs 250 crore available as a green-shoe option, bringing the total fund capacity to Rs 500 crores.

Saudi Arabia and Russia have reached an agreement to extend existing production and export cuts until the end of the year 2023.

Warner Bros. Discovery cut its full-year adjusted earnings outlook as the Hollywood labor strikes drag on longer than the entertainment conglomerate expected. The parent company of CNN, HBO and other networks had hoped the strikes would be resolved by early September.

Union Home Minister Amit Shah also addressed a public rally in the Mandla district of Madhya Pradesh targeted the Congress and accused the previous government of accusing it of doing ‘corruption’ during its tenure. "More than 51 poor welfare schemes were closed by this Corruption Nath...CMO became the money collection office.

The race is on for $90 oil. But summer, the season Americans like driving the most, is almost over and will wrap in less than three weeks when the fall season begins on Sept. 23.

Domino's Pizza (NYSE:DPZ) was lifted to Outperform from Market Perform with a new price target of $450, up from $420 per share at TD Cowen on Tuesday.

Kolkata, India, September 5, 2023: PPC marketing - the smart way to boost your website's visibility, helping it to rank higher and appear among the top search results. We bring you a comprehensive list of the top 10 PPC agencies in India. Before unveiling the list, let’s delve deep into understanding what Pay-Per-Click or PPC marketing is and the advantages of PPC campaigns.

Asset managers trying to sell funds in Europe are finding it “increasingly difficult” to do so unless their products are registered as ESG, according to a study by analysts at Goldman Sachs Group Inc.

The world’s biggest banks aren’t telling stakeholders what they need to know to judge how big the industry’s carbon footprint is, according to a fresh study.

Financial Stability Board (FSB) on Tuesday warned that higher interest rates alongside a slowing growth outlook, could impair the capacity of borrowers to service historically high levels of debt. The FSB has published two letters from its Chair, Klaas Knot, to G20 Leaders ahead of their Summit in New Delhi on September 9-10. The first letter outlines the work FSB has undertaken under the Leadership of India's G20 Presidency to address existing vulnerabilities in the financial system and enhance the resilience of the financial system to structural change. The second letter provides to G20 Leaders an update on the G20 Cross-border Payments Roadmap. FSB, in its communication to G20 leaders, stressed that a resilient and stable financial system is indispensable to sustaining economic growth, particularly in the current environment.

Stellar Lumens (XLM) has been undertaking a dramatic +12% comeback as anticipation builds surrounding an upcoming announcement from the Stellar Development Foundation (SDF).

The price of Shiba Inu (SHIB) has declined by 1.5% in the past 24 hours, with its drop to $0.00000758 coming on what is also a disappointing day for the market as a whole.

Raymond share price surged over 13% to hit a 52-week high on Tuesday's trade after brokerages initiated 'buy' rating on the stock. Raymond stock price opened at intraday low of ₹2,090 apiece in BSE, and touched a intraday high at ₹2,240. According to technical analysts, Raymond share price witnessed a strong gap up opening and has witnessed follow up buying backed with strong volumes.

JM Financial. The brokerage has a ‘Buy’ rating on FSN E-Commerce Ventures, the parent company of Nykaa, and has set a target price of ₹210 per share. It believes the company remains a strong play on India’s secular beauty and personal care (BPC) growth.

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FSN E-Commerce Ventures, which runs Nykaa, climbed over 4% to Rs 140.3 in Tuesday's intraday trade on BSE amid reports of a block deal executed on the counter. As per reports, 60.2 lakh equity shares changed hands in a block deal. The buyers and sellers in the deal are not known. As per the shareholding data available with the exchanges, a 52.28% stake in the firm is held by the promoter and promoter group, while the rest lies with the public as of June 30, 2023. At 12.40 pm, the scrip was trading 2.3% higher at Rs 137.9 over its last day's closing price of Rs 134.7 apiece.

SpiceJet shares jumped nearly 8% to Rs 33 in Tuesday's trade after the low-cost carrier allotted over 4.81 crore equity shares on a preferential basis to nine of its aircraft lessors to clear outstanding dues of Rs 231 crore. «The Allotment Committee of the Board of Directors of the Company at its meeting held on September 4, 2023, has considered and approved allotment of 4,81,23,186 equity shares of the face value of Rs 10 each at an issue price of Rs 48 each on preferential basis to aircraft lessors consequent upon conversion of their existing outstanding dues aggregating to Rs 2,30,99,12,928,» the company said in an exchange filing. The nine lessors who have been allotted the shares include SASOF III (A13) Aviation Ireland DAC, SASOF III (A6) Aviation Ireland DAC, SASOF III © Aviation Ireland DAC, SASOF III (E) Aviation Ireland DAC, SASOF III (A19) Aviation Ireland DAC, SASOF II (J) Aviation Ireland DAC Citrine Aircraft Leasing Limited, Fly Aircraft Holdings Seven Limited, Fly Aircraft Holdings One Limited. The company also stated that it has further, on a preferential basis, allotted 3,41,72,000 equity shares and 13.15 crore warrants at an issue price of Rs 29.84 each to Spice Health Care Private Limited (an entity under ‘promoter group’). At 10.51 a.m., the scrip was trading 7% higher at Rs 33.2 on BSE. The stock also surged over 25% in the last three months.

Rail Vikas Nigam (RVNL), Indian Railway Finance Corporation (IRFC), and Ircon International rallied up to 14% in Tuesday's trade. Shares or RVNL jumped 5.6% to Rs 163 after the RVNL-MPCC joint venture emerged as the lowest bidder (L1 bidder) for all civil engineering works tenders from the Vadodara division of Western Railway. The cost of the project is Rs 174 crore, and JV will complete the order in two years. In the joint venture, the RVNL share is 74%, and the MPCC share is 26%. On Saturday last week, RVNL also received a letter of acceptance from Madhya Gujarat Vij Company.