Target Financial News

no-confidence motion against the PM Modi government, despite the fact the fact that they are likely to fail the numbers test. The opposition parties have less than 150 members at the in the Lower House, so in case they table a no-confidence motion, they are bound to be defeated. Also, they might not get that much time during the debate in Lok Sabha, as time is allocated according to the strength of parties in the House.

foreign exchange violations in April this year. As per the Bloomberg news agency, Byju Raveendran, the firm’s eponymous founder and chief executive, paced his condo in Dubai, downing cups of black coffee and fielding calls from top investors. Raveendran broke down in tears defending his company, according to people who attended the calls.

Investing.com-- Gold prices kept to a tight range on Wednesday before the conclusion of a Federal Reserve meeting later in the day, while copper prices pulled back slightly after vows of more Chinese stimulus sparked strong gains.

US Federal Reserve interest rate decision on Wednesday. The Fed is widely expected to raise its benchmark funds rate by 25 basis points (bps) to a target range of 5.25%-5.5%, its highest level since January 2001. Meanwhile, the International Monetary Fund (IMF) raised its 2023 global growth estimates but warned that persistent challenges were dampening the medium-term outlook.

Day trading guide for today: Domestic equity benchmarks Sensex and Nifty ended Tuesday’s volatile session flat amid mixed global cues, as gains in metals and auto stocks were offset by selling in banking, FMCG and IT stocks. The Sensex ended 29.07 points, or 0.04 per cent, lower at 66,355.71, while the Nifty settled the day 3.35 points, or 0.02 per cent, higher at 19,675.70. Broader markets ended mixed, as the Nifty Smallcap 100 fell 0.11 per cent, while the Nifty Midcap 100 index rose 0.39 per cent for the day.

TVS Motor shares surged to an all-time high on Tuesday, with the shares rising more than 6% — logging their biggest single-day gain since April 2021. Better-than-expected first quarter earnings by the two-wheeler company prompted a number of brokerages to raise their price targets on the stock. TVS shares made a record high of ₹1,388.45 before closing at ₹1,383.70 apiece on the NSE, up 5.86% from the previous close.

Harvard University's policy of giving family members of former students and donors preference in admissions decisions, documents showed Tuesday. The probe into the prestigious university's so-called «legacy admissions» policy, a practice used by many colleges across the United States, comes less than a month after a major Supreme Court decision banned the use of race in college application decisions.

midcap index edged higher while smallcap "closed almost unchanged." Indications are in favour of further consolidation in the index and the upcoming monthly expiry of July month derivatives contracts would keep the volatility high. Besides, the performance of the US market will also be in focus for cues.

Mineral Resources has failed to hit guidance on lithium exports from its West Australian mine owned in partnership with New York giant Albemarle.

By Patricia Zengerle

Despite an improving inflation picture, the Federal Reserve is expected on Wednesday to approve what would be the 11th interest rate increase since March 2022.

With the upcoming Federal Open Market Committee (FOMC) meeting scheduled for Wednesday, market participants are eagerly awaiting the outcome and its potential impact on various financial assets, including Bitcoin.

By Sheila Dang

NEW DELHI : T.V. Narendran, who will start his new term as Tata Steel Ltd’s chief executive and managing director, highlighted the challenges the company faces in Europe, even as he emphasized that the Indian operations remain “structurally the strongest part" of the steelmaker’s portfolio. “The first five years were all problems, the second was more inorganic growth, and these five years, hopefully, will be more organic growth," he said.

Star Sports and streaming platform Disney+ Hotstar have released rate cards for advertisers for the upcoming Asia Cup and ICC Cricket World Cup. Star Sports is asking for Rs 120 crore for co-presenting sponsorship and Rs 90 crore for associate sponsorship opportunities for the World Cup. The broadcaster is asking spot buyers to pay a premium rate of Rs 31 lakh per 10-seconds for India and knockout matches. The sports broadcaster aims to secure Rs 26 crore for co-presenting sponsorship and Rs 20 crore for associate sponsorship for the Asia Cup while seeking spot buy rates of Rs 25 lakh per 10 seconds for India vs. Pakistan as well as the final match. "Disney Star will make every effort to capitalise on both events. It is counting on a variety of factors, including the festive season, India vs. Pakistan matches, and the ICC World Cup taking place in India after 12 years, to work in its favour," said a top ad sales executive. Industry watchers said that a lack of ad spending by startups coupled with the levy of 28% GST on gaming companies might upset the media company's ad revenue targets. Gaming has become one of the key advertising categories with annual ad spends by gaming companies estimated at $1 billion.

By David Morgan

₹10.2 trillion bad loans, showed data from the Reserve Bank of India (RBI). In its Report on Trend and Progress of Banking in India in December, RBI said the reduction in non-performing assets of state-owned banks in FY22 was primarily due to loans being written off. However, industry officials said that while written-off assets present opportunities, they are likely to adopt a pick-and-choose approach for technical write-offs, or loans where banks are still actively seeking recovery avenues.

social media presence are trying to fight the plague of influencers with fake follower numbers. There's been a steep surge of influencers on platforms such as Instagram as well as those who blog and stream videos in India. Brands need them but with the number of Indian social influencers pegged at 80 million, it's hard to figure out who's genuine.

HSBC initiated Take-Two Interactive Software (NASDAQ:TTWO) with a Buy rating and $170 price target and Electronic Arts (NASDAQ:EA) with a Hold rating and $128 price target in a note to clients Tuesday.

Investing.com — The stars seem aligned for oil bulls’ wish to have a barrel priced at no less than $80.

Apollo Pipes Limited, a prominent piping solutions provider and one of the top 10 companies in the industry in India, has disclosed its financial results for the quarter and financial year ending on June 30, 2023. The company witnessed significant growth in various aspects during Q1FY24 compared to the same period in the previous year. In terms of sales volume, Apollo Pipes recorded a substantial increase of 47%, with sales reaching 21,219 tons, up from 14,406 tons in Q1FY23.