Target Financial News

buy call on Computer Age Management Services with a target price of Rs 6,000. The current market price of CAMS is Rs 5283.4. CAMS, incorporated in 1988, is a Small Cap company with a market cap of Rs 26070.68 crore) operating in Financial Services sector.

buy call on UTI Asset Management Company with a target price of Rs 1,600. The current market price of UTI Asset Management Company is Rs 1366. UTI AMC., incorporated in 2002, is a Small Cap company with a market cap of Rs 17470.73 crore, operating in Financial Services sector. UTI Asset Management Company Ltd. key products/revenue segments include Sale of services, Income From Sale Of Share & Securities, Interest and Rental Income for the year ending 31-Mar-2024.

Australian dollar got a much-needed fillip on Thursday after surprisingly strong jobs data pushed back on wagers for an earlier cut in interest rates, lifting bond yields. The figures showed a surprise drop in unemployment, hitting an eight-month low of 3.9% in November and wrong-footing analysts who had forecast a 4.2% jump in jobless claims.

Subscribe to enjoy similar stories. The JSW Group, which has the largest steelmaking capacity in India, is exploring entry into making other metals, including copper and aluminium, JSW Steel chief executive officer Jayant Acharya said. The steel-to-auto conglomerate has already engaged consultants to explore the financial feasibility of such an expansion, said Acharya, who is also the company's joint MD.

Subscribe to enjoy similar stories. On Wednesday, 11 December, the market faced significant challenges after nearing the 25,000 mark. Global factors, particularly the aftermath of the US elections, dampened bullish sentiment, triggering a pullback.

New York City’s police commissioner says the gun found on the suspect in the killing of UnitedHealthcare’s CEO matches shell casings found at the crime scene

European Union envoys have agreed a new raft of sanctions against Russia over its war on Ukraine

Poland's Prime Minister Donald Tusk says his government will protect major television stations in the country, like the U.S.-owned TVN, against hostile purchases, in a move aimed at protecting from any such attempts by Russia

Sanjay Malhotra, a career civil servant, has become India’s new central bank governor at a time when the country’s economic growth is slowing and inflation is surging

Canada’s central bank lowered its key interest rate by half a percentage point while highlighting the risk of U.S. President-elect Donald Trump's threat of tariffs on all Canadian products

Here’s the Bank of Canada’s official statement for its rate decision:

The Bank of Canada cut its policy rate by 50 basis points to 3.25 per cent on Wednesday, a move widely expected by economists and markets.

Consumers saw inflation pick up slightly in November, as price increases in categories like groceries, gasoline and new cars outweighed a deceleration in others like shelter during the month.

foreign institutional investors (FIIs) are taking reverse steps to buy back more than what they sold last month. As against the $2.5 billion sell-off seen in November, FIIs have already bought Indian stocks worth around $3 billion in the first 10 days of the December month. As a result, the Nifty is already up around 2% this month with bulls betting that the momentum could turn into a strong Santa rally and take the market to new record peaks in the next few weeks before the Budget.

I have a corpus of Rs 15 lakh after surrendering my LIC policy. I want to invest this amount for the goal of my daughter’s higher education. I have an investment horizon of four to five years. I would like to build a minimum of Rs 25 lakh corpus. Could you suggest some mutual funds? Can I invest some amount in mid- or small-cap funds for better returns? Dev Ashish Founder, StableInvestor, and Sebi-registered investment adviser: With a starting capital of Rs 15 lakh, your investment needs to earn 10.8-13.6% to reach the target of Rs 25 lakh in four to five years.

Canadian lawmakers took aim at the country’s widely used money-transfer service, run by Interac Corp., and hinted that its owners should be forced to sell it.

The Bank of Canada is set to make its final policy rate decision of the year on Wednesday, with markets now betting the central bank will make another outsized cut of 50 basis points, bringing the rate down to 3.25 per cent.

Harmeet K Dhillon as assistant attorney general for civil rights at the US Department of Justice may be a headache for India, given her past position on Khalistan-related issues. Dhillon — the latest addition to the list of Indian-Americans in the incoming Republican administration — has been alleged in the past to espouse pro-Khalistan sentiment. She is accused by her critics of sympathising with the cause of Khalistan and helping Khalistanis based in the US. In 2023, reacting to a Wall Street Journal report, Dhillon had posted on X, «Update on India's death squad project, which has claimed the life of at least one Canadian Sikh activist, and which targeted another in the US. Will there be consequences? Prosecutors Charge Indian Man With Trying to Kill Sikh Activists in US.»

Subscribe to enjoy similar stories. TEL AVIV—Israel targeted Syria’s naval and other military assets overnight as part of its campaign to destroy weapons left behind by the country’s military following the downfall of President Bashar al-Assad. Israeli missile ships overnight destroyed naval vessels belonging to Assad’s forces that held sea-to-sea missiles, a person familiar with the matter said.

holiday shopping scams that one should watch out for this December. The social media giant has launched a worldwide anti-scam awareness campaign aimed at protecting users from fraudulent schemes during the holiday shopping season. The company, which owns Facebook, WhatsApp, and Instagram, revealed it has taken down over two million accounts linked to scam centers in Cambodia, Myanmar, Laos, the UAE, and the Philippines this year. In another instance, Meta said its enforcement efforts have removed 15,000 phishing URLs in Vietnam and 9,000 in Singapore this year to save people from holiday shopping scams. Meta in a blog post said it has partnered with a top internet safety expert and ethical hacker, Rachel Tobac, to share how scammers might be targeting people online this holiday season and how to avoid scams. Meta disrupted scam campaigns targeting holiday shoppers outside of our platforms and took thousands of malicious URLs that impersonated Meta’s apps off the internet, it said in a statement.

Islamic State militants in Syria were meant in part as a message to the group and a move to ensure that it doesn't try to take advantage of the chaos following the overthrow of President Bashar Assad's government. The US and its partners want to make sure the Islamic State group, which still has a presence in Syria, can't step into the leadership void and once again exert control over wide swaths of the country, Pentagon spokeswoman Sabrina Singh said Monday. The US on Sunday struck about 75 IS targets in the Syrian desert. The US has had troops in Syria for the last decade to battle IS. The tumult following a rebel offensive that toppled Assad has raised fears of an Islamic State resurgence. «ISIS will try to use this period to reestablish its capabilities, to create safe havens,» Secretary of State Antony Blinken said Monday, using another acronym for the group. «As our precision strikes over the weekend demonstrate, we are determined not to let that happen.»