Target Financial News

Vedanta Resources, the London-based parent of the Indian metals grouping Vedanta, plans to raise up to $1 billion to prepay and refinance high-yield debt, said people familiar with the matter.

U.S. mortgage rates rose this week to the highest level since July

The news that United States president-elect Donald Trump could slap a 25 per cent tariff on Canadian goods upon taking office in January sent a jolt of alarm through the entire Canadian economy, but the alarm in the oilpatch has only deepened as Ottawa and the provincial governments threaten to target energy exports in retaliation.

Gaza Strip on Thursday, including three children and two high-ranking officers in the Hamas-run police force, according to Palestinian and hospital officials.

OnePlus 13ROnePlus is all set to unveil the OnePlus 13R on 7 January 2025, alongside the flagship OnePlus 13. The OnePlus 13R is rumoured to be a rebranded version of the OnePlus Ace 5, which was launched in China in December 2024. The device is expected to target the premium mid-range market with an array of features that make it stand out.The OnePlus 13R will come in two stunning colour options—Astral Trail and Nebula Noir.

Subscribe to enjoy similar stories. HONG KONG—It took the promise of access to contraband, an FBI front company and help from Fiji, but they got their man: U.S. investigators, in a tricky sting operation, picked off a supplier of parts Moscow needs for its war in Ukraine.

Subscribe to enjoy similar stories. Public policy is so termed because it is done for us the people, the public. But how does it actually filter down to the public? How do people perceive what is done for them? When Consumer Price Index (CPI) inflation dropped from 6.21 % in October to 5.48 % in November, did people perceive a decline? For the record, these monthly rates are year-on-year, based on the CPI values in the corresponding months of 2023.

Petronet LNG shares plunged as much as 6.7% on Thursday to Rs 324.05 on the BSE, pressured by critical remarks from the Petroleum and Natural Gas Regulatory Board (PNGRB) regarding tariff-related issues and a bearish note from brokerage firm Citi placing the stock under a 90-day negative watch. PNGRB has called out Petronet LNG for profiting at the expense of gas consumers and is pushing for a framework to regulate its regasification activities. The regulator criticized the company for “profiting immensely” by annually increasing tariffs at its Dahej terminal while failing to pass on the benefits of capacity expansions and improved utilization.

«So, look to buy on dips, that should be your strategy for the current market scenario. At 24,000 today, the risk-reward is not favourable for fresh longs, but if there is an intraday dip, you can be a buyer at these junctures,» says Rahul Sharma, JM Financial Services. It seems like it is a good start of the new calendar year. Just yesterday, we have seen good gains and we are just building on to the gains. 23,900 is what we have crossed in today's trading session. What is your take coming in on the benchmark indices? Rahul Sharma: Well, it is a cheerful start to 2025 and the best thing about January or rather this quarter is there is a strong possibility that this month be a positive one because historically speaking around 20-23 years every time Nifty has given three months of negative returns, the four-month has been invariably positive, so that is a bit of statistic. But if we look at the institutional positioning, especially the FIIs long-short ratio, that bottoms out generally around that 12% mark. So, we have come close to 14% roundabouts and it is a matter of time that Nifty shakes out that and we start a structural recovery from here. Zooming into what exactly is happening today.

Bajaj Finance shares surged 5.8% on Thursday to a high of Rs 7,272.95 on the BSE following a positive outlook report by global brokerage firm Citi, which maintained a ‘buy’ rating on the stock with a price target of Rs 8,150 per share, citing a 90-day positive catalyst watch. The target price indicates an upside potential of 17.5% in the stock from its previous closing price.

renewable energy (RE) capacity addition could exceed 35 gigawatts (GW) in 2025 on the back of a strong project pipeline, favourable solar photovoltaic module prices, and an increase in wind manufacturing capacity, according to some industry executives.

Gold may have trumped the BSE Sensex in terms of 2024 returns, the race to reach the 1,00,000 milestone will be on, in 2025 as well. While there is a consensus that the feat is unlikely to be achieved by either asset class, this year, experts remain divided on the likely winner. Nilesh Jain, Head Vice President, Equity Research Technical and Derivatives at Centrum Broking said that the chances of gold hitting the 1 lakh mark first, was higher given the economic uncertainties, geopolitics and Donald Trump taking over as the US President on January 20. According to him, Sensex could test levels around 95,000 by the end of 2025.

Kotak Mahindra Bank and NTPC, highlighting their growth potential and strategic advancements for the year 2025. Citi has upgraded Kotak Mahindra Bank to a 'Buy,' citing strong loan growth momentum, improved delinquency trends, and a favorable medium-term outlook.

The Nifty future closed positive with gains of 0.42% at 23,907 levels on Wednesday.

Hem Securities has a buy call on JSW Energy with a target price of Rs 744. The current market price of the stock is Rs 651.3. JSW Energy, incorporated in 1994, is a Mid Cap company with a market cap of Rs 113596.21 crore, operating in the Power sector. JSW Energy's key products/revenue segments include Power, Power Generation, Sale of services, Sale of Products, Interest, Other Operating Revenue for the year ending 31-Mar-2024.

Axis Securities has a buy call on Aditya Birla Sun Life AMC with a target price of Rs 1045. The current market price of ABSL AMC is Rs 852.3. Aditya Birla Sun Life AMC, incorporated in 1994, is a Small Cap company with a market cap of Rs 24601.79 crore, operating in the Financial Services sector. Aditya Birla Sun Life AMC's key products/revenue segments include Fees & Commission Income for the year ending 31-Mar-2024.

buy call on Metro Brands with a target price of Rs 1,460. The current market price of Metro Brands Ltd. is Rs 1239. Metro Brands, incorporated in 1977, is a Large Cap company with a market cap of Rs 33146.01 crore, operating in Leather sector. Metro Brands' key products/revenue segments include Footwear and Other Operating Revenue for the year ending 31-Mar-2024.

Mahindra Group Anand Mahindra shared a video on X and answered the question.

Subscribe to enjoy similar stories. TOWARDS THE end of the 19th century William Coley, a surgeon in New York, made a surprising observation. One of his patients, close to death with a neck tumour, recovered after catching a serious bacterial skin infection.

New Orleans attack posted videos «indicating that he was inspired by ISIS» hours before ramming a truck into a New Year's crowd, US President Joe Biden said Wednesday, citing the FBI.