HSBC maintains its positive outlook on Biocon citing a crucial near-term catalyst
Global brokerage HSBC has lowered its price target for Biocon Ltd. to ₹390 from ₹400, while keeping its ‘Buy’ recommendation on the stock.
This adjusted target indicates a potential decline of about 3% from Biocon’s closing price on Wednesday. The foreign brokerage noted that Biocon has initiated a ₹4,500 crore Qualified Institutional Placement (QIP) aimed at raising funds to meet financial commitments, including optionally convertible debentures (OCDs) issued to Goldman Sachs AIF.
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Tata Group stock receives its third-highest price target from Macquarie with a 26% upside potential
Shares of Trent Ltd. are in the spotlight on Thursday, June 19, as brokerage Macquarie forecasts a 26% upside on the stock based on its previous closing price.
Macquarie has assigned an “outperform” rating to Trent with a price target of ₹7,200 per share. The stock concluded the prior trading session at ₹5,728 each. Macquarie highlighted that during an analyst meeting, Trent announced its aim to achieve a Compounded Annual Growth Rate (CAGR) of 25% in sales over the next decade, supported by store expansion, entry into adjacent categories, and cost control strategies.
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Israel-Iran War Live Updates: Missiles strike a hospital in southern Israel
Israel-Iran War Live Updates: The conflict escalates as both Iran and Israel conducted airstrikes against each other on Thursday (June 19), marking the seventh day of the hostilities. Reports indicate that U.S. President Donald Trump is considering joining Israel in the offensive. Israeli Prime Minister Benjamin Netanyahu stated that attacks on Iran’s nuclear program would continue, while Iran’s Supreme Leader Ayatollah Ali Khamenei dismissed U.S. demands for “unconditional surrender,” warning of serious consequences if the U.S. engages against Iran.
Countries including India, Australia, and New Zealand have evacuated their nationals and diplomats from the conflict zones as tensions rise. India successfully evacuated around 110 individuals from Iran, initially taking them to Armenia before flying them to Doha, Qatar, and eventually returning to New Delhi in the early hours of June 19.
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India-UK free trade agreement brings stability, predictability to business: Piyush Goyal in London
The India-UK Free Trade Agreement (FTA) offers “stability and predictability” for businesses in both nations, according to Commerce and Industry Minister Piyush Goyal on Wednesday (June 18).
During a session at the India Global Forum (IGF) UK-India Week titled ’Agreement to Action in the UK-India FTA’, the minister expressed optimism about the “strong partnership” established between the two countries, which he believes will result in doubling bilateral trade in the next five years.
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Tata Sons plans AI171 trust to assist families of Ahmedabad crash victims: Chandrasekaran
N Chandrasekaran, Chairman of Tata Sons and Air India, announced that a dedicated trust is being established to support the families of the victims of the Air India 171 crash in Ahmedabad on June 12.
In an exclusive interview with Times Now and Times Now Navbharat’s Group Editor in Chief Navika Kumar, Chandrasekaran stated, “We are looking to put structures in place. The AI 171 trust will be created to assist these families in various aspects, beyond just financial support. We are considering all their needs and aiming to establish functional infrastructure to be there for them.”
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India saw an increase of 39,000 millionaires in 2024, potential for more if…
The latest Global Wealth Report from UBS provides insights into the creation, storage, and transfer of wealth in India compared to other nations. CNBC-TV18 delves into the findings to extract valuable insights for bankers, lawyers, consultants, wealth managers, and social sector experts, identifying significant gaps in the journey toward collective prosperity. The report highlights three main takeaways, including the necessity to generate more financial assets for broader prosperity.
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#PersonalFinance????
Why gold prices remain stable despite rising tensions in the Middle East
Gold prices are inching upward once more, though not as sharply as one might anticipate given the escalating geopolitical climate. On Thursday (June 19), gold experienced a slight increase in global markets and remained robust in India, driven by safe-haven demand amidst growing tensions between Israel and Iran.
However, expectations of fewer interest rate cuts from the U.S. Federal Reserve are limiting further increases. Here’s an analysis of the factors causing gold prices to rise and what’s restraining them.
What’s pushing gold prices up?
Middle East conflict In times of war or global distress, investors typically turn to gold. The ongoing conflict between Israel and Iran, combined with the repositioning of U.S. military assets in the region, is unsettling markets.
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These 5 gold funds and ETFs have outperformed in the last 5 years
Gold-focused mutual funds and ETFs have shown respectable long-term gains over the past five years. An analysis by Value Research indicates that five gold funds and ETFs yielded annualized returns exceeding 14.6% between May 2020 and May 2025. The LIC MF Gold ETF emerged as the best-performing gold fund during this period, with a compound annual growth rate (CAGR) of 15.36%. Following closely is the Invesco India Gold ETF, which returned 15.05%, and the UTI Gold ETF, which achieved a 14.96% return.
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#TechTalks????
Meta launches passkeys for Facebook login on mobile: Here’s how they function
Meta is rolling out passkeys as a new method for logging into Facebook on iOS and Android devices. This feature aims to enhance security and ease of signing in by substituting traditional passwords with biometrics or device-based authentication.
What are passkeys?
Passkeys are digital identifiers that allow users to log in using their fingerprint, facial recognition, or device PIN—mirroring the method used to unlock their phones. Developed by the FIDO Alliance, this technology is designed to prevent phishing and password theft, offering a more secure alternative to conventional logins and one-time codes.
Unlike passwords, passkeys cannot be guessed or reused and are securely stored on your device. Therefore, Meta will not have access to your biometric data or PIN.
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AI’s future lies in enhancing, not replacing human roles: Notion co-founder Akshay Kothari
Akshay Kothari, Co-Founder and COO of Notion, believes that the future of artificial intelligence should focus on augmenting human capabilities, rather than replacing them. In an exclusive interview with CNBC-TV18, Kothari shared, “Our core philosophy emphasizes assisting individuals in accomplishing more. Much of our day is spent on repetitive tasks, and AI can free up approximately 30% of our time. That time can then be allocated to creativity and projects we previously lacked time for,” stating that Notion’s philosophy contrasts with the prevailing narrative of AI taking over jobs.
Referring to AI as the “new electricity” for Notion, Kothari noted that it transforms user interactions with the platform. With millions of users worldwide, the company has developed a robust editor and database infrastructure—enhanced further by AI for scalable customization.
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Canva integrates Google’s Veo 3 model to facilitate text-to-video generation
Canva has introduced a new feature, Create a Video Clip, enabling users to produce short video clips with audio using a text prompt. This tool utilizes Google’s Veo 3, the latest video generation model, marking one of the inaugural integrations of this technology since its launch.
This feature allows users to create 8-second video clips directly within the Canva interface, which can then be edited further using branding tools, text, music, and additional elements. These videos can be incorporated into social media posts, presentations, or other formats available on the platform.
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