Target Financial News

16.01 / 19:11

markets Target Cooper Progressive Remark CME Interviews Fed Governor Waller sees potential for multiple interest rate cuts in 2025

Federal Reserve Governor Christopher Waller said Thursday that the central bank could lower interest rates multiple times this year if inflation eases as he is expecting.

16.01 / 17:57

Target Scottish Mortgage's Tom Slater plans to vote against Saba at Baillie Gifford meetings

Speaking at the Scottish Mortgage Forum hosted in London today (16 January), Slater said that as a shareholder of all three of the Baillie Gifford trusts on Saba's hit list – Baillie Gifford US Growth, Edinburgh Worldwide and Keystone Positive Change – he would be voting in line with the respective boards. Saba has targeted seven trusts, including the aforementioned, and utilised its position as a major shareholder in each to call a requisition vote in an attempt to have the boards replaced with Saba-vetted persons and recalibrate the trusts investment processes. Slater said «from a p...

16.01 / 15:23

Target Platform wellness Trade information AIC writes to FCA raising regulatory concerns over Saba campaign and retail shareholder protection

The association's letter to the regulator focused on two main areas: the role of platforms under Consumer Duty as well as the importance of board independence for investment trusts. Proxy voting advisers side with Herald board to vote against Saba Capital AIC chief executive Richard Stone said the trade body is «concerned» that current regulations «do not protect the interests of retail shareholders». Retail investors, who hold a high percentage of shares in the investment trusts targeted by Saba, have to rely on investment platforms to receive information about the proposed change...

16.01 / 13:33

markets UPS Target security Research reports Adani-baiter Hindenburg Research shuts shop—“from a place of joy”

Subscribe to enjoy similar stories. Hindenburg Research which set off a firestorm in India with withering allegations against the Adani Group is being disbanded, marking the end of the American short-seller feared for successfully targeting dozens of corporations. Nathan Anderson, who founded the research firm seven years ago, announced the closure but did not specify a reason for the decision.

16.01 / 10:43

UPS Target security Analysis Enterprise Trade Experts Tech Mahindra Q3 results preview: PAT could jump by up to 102% YoY amid healthy uptick in margins

Tech Mahindra’s revenue may grow between 0.7% and 2.6% year-on-year according to estimates of five brokerages. The topline could be in the range of Rs 13,200 crore — Rs 13,436 crore. Tech Mahindra’s adjusted net profit for Q3FY25 is seen to grow in a wide range of 42% to 102%, the estimates revealed. The bottom line could be between Rs 976 crore and Rs 1,040.

16.01 / 09:35

UPS Waves Target WhatsApp electronic Ukraine says it downed 34 Russian drones in overnight attack

drones launched by Russia in an overnight attack, the Ukrainian air force said on Thursday, with a further 18 failing to reach their targets, something which usually indicates they were jammed by electronic warfare.

16.01 / 07:55

markets Target Assurant Analysis Trade Experts recommendations Kalyan Jewellers shares wipe off Rs 27,400 crore wealth in 2 weeks

Kalyan Jewellers India have witnessed a dramatic selloff this month, erasing Rs 27,400 crore in market value in just two weeks. The stock has plummeted 33.7% during this period, with its market capitalization now standing at Rs 53,949.23 crore. On Thursday, the Kalyan Jewellers shares were down 6.7% to Rs 518.40 on the BSE, following an 8% drop on Wednesday, which included hitting a 10% lower circuit. This marked the ninth decline in the last 10 trading sessions, a period that has seen the stock gain only once.

16.01 / 07:29

Target show track information reports Videos Founder of muckraking financial information firm Hindenburg Research calls it quits

The founder of the muckraking financial research firm Hindenburg Research says he is disbanding the organization after finishing the work it set out to do

16.01 / 05:21

UPS Target security Analysis Trade Experts recommendations Azad Engineering shares rally over 9% after Rs 960 crore supply deal with US-based firm

Azad Engineering surged as much as 9.5% on Thursday to Rs 1,732.55 on the BSE after the company secured a Rs 960 crore supply deal with GE Vernova International LLC, USA, to deliver complex rotating and stationary airfoils for advanced gas turbine engines. The long-term supply agreement, valued at $112 million (approximately Rs 960 crore), spans six years and involves the delivery of specialized rotating and stationary airfoils for advanced gas turbine engines, the company said in a press release to the bourses.

16.01 / 05:21

markets COST Target Digital Platform Trade country budget 2025 A $200 billion target: Can Budget 2025 simplify the ‘prohibitively complicated’ e-commerce exports

e-commerce exports have seen a commendable rise. An EY-Assocham study put the country’s e-commerce exports at $4-5 billion in FY23, with a target of $200 billion by 2030. E-commerce has helped give small businesses a level playing platform to sell to a much bigger market. The business requires minimal investment and with enablers and push from global players like Amazon, eBay as well as cross-border payment platforms like Payoneer, e-commerce export is becoming a lucrative option for many MSMEs in India.

16.01 / 05:21

IPO Target Mobile Analysis Trade Experts recommendations Paytm shares rally 8%, Emkay upgrades stock to buy rating at Rs 1,050 target price

Shares of One97 Communications, parent company of mobile payment application Paytm, climbed as much as 8% on Thursday to Rs 926.95 on the BSE. The rally in the stock price followed brokerage firm Emkay Global upgrading the stock to 'buy' from its earlier rating of 'add', at a target price of Rs 1,050, which implies a potential upside of over 13% from the stock’s current levels. The brokerage increased its target price on Paytm by 40% to Rs 1,050 from Rs 750 earlier. However, this revised target price remains well below Paytm's recent peak of Rs 1,062.95 reached on December 17 last year. Despite a recent decline of nearly 20% from those levels, Emkay sees the current valuation as attractive for investors.

16.01 / 04:07

markets Target Analysis Trade Experts Courts International GAIL shares in focus after $285 million settlement with SEFE Marketing, case withdrawn in London

The settlement, finalised on Wednesday, involves SEFE Marketing paying $285 million to GAIL (India), marking a resolution to the dispute. The agreement also includes the withdrawal of the arbitration proceedings before the London Court of International Arbitration.

16.01 / 04:07

markets Target Analysis Trade Experts reports Pharmaceuticals Motilal Oswal Financial Services upgrades Biocon to Buy, target price Rs 430

buy call on Biocon with a target price of Rs 430. The current market price of Biocon is Rs 382.8. Biocon, incorporated in 1978, is a Large Cap company with a market cap of Rs 45970.97 crore, operating in the pharmaceuticals sector. Biocon's key products/revenue segments include Bio Pharmaceuticals, Other Operating Revenue, Waste and Sale of services for the year ending 31-Mar-2024.

16.01 / 04:07

markets Target security Analysis Trade Experts recommendations Stocks to buy today: BSE, Indus Tower among top 7 trading ideas for 16 January 2025

India VIX, the market's barometer for volatility, dipped by 1.1% to 15.30, indicating easing investor apprehension. Experts suggest that historically, VIX levels above 15 imply heightened market turbulence.

16.01 / 04:07

markets COST UPS Target Analysis Trade Experts CEAT shares in focus after Q3 net profit falls 46% to Rs 97 crore

CEAT shares will remain in focus on Thursday, January 16, after the company reported a 46.48% decline in consolidated net profit to Rs 97.03 crore for the third quarter ended December 31, impacted by high raw material costs. The company had posted a consolidated net profit of Rs 181.28 crore in the same quarter last fiscal. Meanwhile, its consolidated revenue from operations stood at Rs 3,299.9 crore, compared to Rs 2,963.14 crore in the year-ago period.

16.01 / 04:07

Citi Target Analysis Hyundai Trade Experts country Sugar stocks in focus as India nears 20% ethanol blending target in two months

Sugar stocks such as Praj Industries, Balrampur Chini, Bajaj Hindustan Sugar, and Dalmia Bharat will be in focus after Union Minister Nitin Gadkari announced that India is set to achieve its 20% ethanol blending target within the next two months. The practice of blending ethanol with petrol began as a pilot project in 2001. «We will achieve this target of 20% ethanol blending in the next two months. The use of E20 (petrol with 20% ethanol) will help in reducing pollution,» Gadkari said while speaking at an event.

16.01 / 03:37

markets Target FIVE Booking trends Universities show Five stocks to buy and sell today — 16 January

Subscribe to enjoy similar stories. • Muthoot Finance Ltd: Buy ₹2,190; Stop ₹2,150; Target ₹2,300 After a sharp rise seen in GOLD, the associated gold financing stocks have been faring quite steadily. The rise of prices of this counter has been quite steady and the recent market correction did not take much sheen from the prices.

16.01 / 02:09

Provident Target Gap Trade President War country Mint Quick Edit | India should shun trade policy inflexibility

Subscribe to enjoy similar stories. India imports goods worth more than it exports, but the gap has narrowed, according to official data.

16.01 / 02:09

markets UPS Target wellness trends Diversity To split up or not? Conglomerates should never go by off-the-shelf answers

Subscribe to enjoy similar stories. Activist shareholders have revived the ‘core competence’ debate and are targeting conglomerates to get more out of their businesses. Heeding long-standing shareholder demands, the management of ITC Ltd has finally carved out its hotels business into a separate entity.

16.01 / 01:15

markets Target Booking trends show stage recommendations Stocks to buy: Raja Venkatraman recommends three stocks for today—16 January

Subscribe to enjoy similar stories. On 15 January, the market continued to struggle, despite being in a heavily oversold position. Recent upticks are viewed as technical recoveries rather than a true shift in fundamentals.

16.01 / 00:39

markets UPS Provident Target Strategy track Rail Budget may see up to 20% hike, focus on station upgrades & modern trains

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