Target Financial News

Subscribe to enjoy similar stories. Over the past seven decades, India’s income inequality has transformed significantly, with stark divergences between rural and urban areas. These changes highlight contrasting socio-economic trajectories and reflect the successes and shortcomings of policy efforts to address disparities.

PB Fintech, the parent company of Paisabazaar and Policybazaar, tumbled 6.7% in Monday’s intraday trade to a low of Rs 1,730.50 after global brokerage firm Morgan Stanley downgraded PB the stock’s rating to «Underweight» with a target price of Rs 1,400. Morgan Stanley has previously assigned an «Equal Weight,» rating to the stock. Additionally, the stock's target price indicates a potential for a 24% downside from Friday's closing price.

Avenue Supermarts, which operates the retail chain of Dmart, will remain in focus on Monday, January 13, after the company announced that its standalone Q3 revenue jumped 17.5% year-on-year (YoY) to Rs 15,565 crore while profit rose 6.5% YoY to Rs 785 crore. However, the retailer's EBITDA margin fell to 7.9% in Q3FY25 as compared to 8.5% in Q3FY24 while the PAT margin also decreased to 5% vs 5.5% on a YoY basis.

Central Consumer Protection Authority (CCPA) has sought additional documents from the company as part of its ongoing investigation into the electric two-wheeler manufacturer. “In continuation of the earlier letter received from the Central Consumer Protection Authority dated December 04, 2024, by Ola Electric Mobility Limited we would like to inform you that the company has received further request for information via email dated January 10, 2025,” the company said in an exchange filing on Friday post market hours.

Brent crude futures climbed $1.35, or 1.69%, to $81.11 a barrel by 2339 GMT after hitting an intraday high of $81.44, the highest since Aug. 27.

Subscribe to enjoy similar stories. On Friday, the market opened flat at 23,551.90, and with high volumes, it fell by 222 points to the intra-day low of 23,344.35. However, after coming close to 23,350, the market showed strength and rose 240 points to intra-day high of 23,596.60.

Subscribe to enjoy similar stories. On 10 January, bearish sentiments continued to dominate the market, leading to increased negative bias. The current market conditions favour a bearish stance, and traders should consider using temporary market recoveries as opportunities to short the index.

Subscribe to enjoy similar stories. 1. Tata Consultancy Services: Buy at ₹4,265; Target: ₹4,350-4,370; Stop loss: 4,202.

Subscribe to enjoy similar stories. India may record a fiscal deficit for FY25 at 4.7-4.8% of GDP, below the budgeted estimate of 4.9%, marking yet another step towards fiscal consolidation. The revision is expected to be primarily driven by lower expenditure, notably on planned capital investments, along with higher-than-anticipated dividends from the Reserve Bank of India (RBI), two people aware of the matter said.

Subscribe to enjoy similar stories. New Delhi: The PM internship scheme, which is currently in pilot stage, is likely to see a host of changes before it is officially launched. The scheme, which was announced in the previous budget, will see changes based on inputs from the pilot and from industry, according to three persons informed about discussions in the government.

Jio Star is aiming to generate ad revenue of up to ₹6,000 crore from both TV and digital platforms during the upcoming ICC Champions Trophy and Indian Premier League (IPL) 2025, according to sources familiar with the matter. The broadcaster expects to secure ad revenue of up to ₹1,500 crore from the Champions Trophy and up to ₹4,500 crore from the IPL, the sources added. Rate cards for the ICC Champions Trophy have already been released, with a detailed ad rate card for IPL expected to follow shortly. Jio Star's ad sales team is actively negotiating with advertisers for both events, prioritising the sale of Champions Trophy inventory first. The tournament is set to run from February 19 to March 9. IPL 2025 will be played from March 23 to May 25. For the Champions Trophy on Star Sports, the broadcaster is seeking ₹55 crore for co-presenting sponsorship, ₹44 crore for associate sponsorship and ₹28 crore from partner sponsors. The TV spot rate for India matches is ₹28 lakh per 10-second spot. On digital platforms, Jio Star is seeking ₹55 crore from co-presenting sponsors, ₹45 crore from powered-by sponsors and ₹25 crore from associate sponsors. CPM rates for the full tournament are ₹250 per 10-second spot and ₹500 for India matches. For Connected TV (CTV), the spot rate is ₹7 lakh for the entire tournament and ₹15 lakh for India and play-off matches.

Kalkaji in next month's Assembly elections, on Sunday hit out at her rival BJP candidate Ramesh Bidhuri for his alleged remarks on her family made last week. In an interview with PTI Videos, Atishi also claimed that her crowd-funding initiative launched on Sunday morning generated Rs 17 lakh in donations within just 10 hours. Atishi, who defeated BJP's Dharambir Singh in 2020, said she will proceed to file her nomination for the February 5 polls at the district magistrate's office after praying at the Kalkaji temple and at a gurdwara. On her BJP rival's recent remarks, Atishi said, «Bidhuri has shown his character. Within 24 hours of getting a ticket, he made an indecent comment on Priyanka Gandhi. In the next 24 hours, he abused me and my family from Prime Minister Modi's stage at a rally.»

BJP-led NDA has decided to boycott the Erode East bypoll scheduled for February 5 and would focus on dethroning the ruling DMK in the hustings next year, the saffron party's state unit said on Sunday. BJP's announcement virtually makes the election a no-contest as main opposition AIADMK and the DMDK have already announced boycotting the by-election, necessitated by the death of Congress MLA EVKS Elangovan. DMK has nominated VC Chandrakumar on behalf of its-led bloc, which also has the Congress in the alliance. BJP TN chief K Annamalai said the upcoming election was a «by-election for a by-election,» following the bypoll held here in 2022. He recalled there were accusations of the ruling DMK then «confining» people at designated places.

Addressing a press conference at the BJP headquarters here, senior party leader and former Union minister Hardeep Singh Puri listed 10 promises, including cleaning the Yamuna and making Delhi pollution-free, that the AAP made ahead of the 2020 polls but did not fulfil. Targeting Arvind Kejriwal, Puri said the AAP national convener only «spreads lies» and did not make any effort to fulfil the promises his party made to voters.

Viksit Bharat Young Leaders Dialogue here, he said some people may find the goal of India becoming developed difficult but it is not impossible. No power can stop India from becoming a developed country if the spirit of 'Viksit Bharat' guides its every step, policy and decision, he said, highlighting the strength and numbers of the country's young population. «Big targets have to be set for a country to march forward… This is what today's India is doing,» Modi said, adding that the country is accomplishing numerous goals in different sectors ahead of time.

Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said that he sees the bearish pressure continue and to intensify as the index closed below 23,500 for the first time in several days. «The index remains below the crucial 50 EMA, reaffirming a bearish trend. Furthermore, the RSI remains in a negative crossover, signaling weak momentum. Sentiment stays subdued in the short term, with the potential for a decline toward 23,300 or 23,000. On the upside, resistance is observed at 23,550–23,600,» De said.

Many users are pointing to unusual patterns in the destruction, particularly how palm trees remain unscathed while cars and homes burn around them, fueling bizarre claims about the origins of the blazes.

Besides, India needs to add an average of 50 GW of renewable energy capacity per annum over the next six years to achieve its target. «Exponential growth from 13.75 GW in 2023 to around 30 GW in 2024, resulting in achieving nearly 218 GW now underscores India's growing commitment to clean energy and its progress in building a greener future,» New & Renewable Energy Minister Pralhad Joshi said in a post on X.

CLSA has initiated coverage on the recently listed Hyundai Motor India with an «Outperform» rating and a target price of Rs 2,155, predicting an upside potential of 20.5%, citing the automaker's strong growth prospects and strategic expansion plans. Describing Hyundai’s positioning as ‘aspirational yet affordable’, the brokerage firm notes that while Hyundai is currently experiencing a period of low growth amid elevated utilization rates, the company's outlook remains promising.

Congress aims to reconnect with these traditional supporters, particularly in slum areas. “Minority-dominated constituencies such as Mustafabad, Seelampur, Okhla, Babarpur, Chandni Chowk, Matia Mahal, Ballimaran and Gokulpuri have consistently supported us through the years,” a party official explained. “This explains why we secured substantial votes during the previous assembly and Lok Sabha elections. We have already declared candidates for most of these constituencies to ensure sufficient time for making the constituents aware of our party's guarantees.” The party is emphasizing its commitment to addressing issues affecting these communities, particularly regarding underdeveloped infrastructure and inconsistent water supply in slums. Congress is also targeting constituencies where it received a substantial vote share in the 2020 elections, including Badli, Gandhi Nagar, Kasturba Nagar, Hari Nagar, Seelampur, Jangpura, and Bawana.