Latest news with #SachinMittal
Business Insider
18 hours ago
- Business
- Business Insider
Singtel (SNGNF) Receives a Buy from DBS
DBS analyst Sachin Mittal maintained a Buy rating on Singtel (SNGNF – Research Report) today and set a price target of S$4.58. The company's shares closed last Tuesday at $3.16. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Mittal is a top 100 analyst with an average return of 22.4% and a 73.48% success rate. Mittal covers the Technology sector, focusing on stocks such as Accenture, Cognizant, and Infosys. Currently, the analyst consensus on Singtel is a Moderate Buy with an average price target of $3.31. Based on Singtel's latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $6.99 billion and a net profit of $1.23 billion. In comparison, last year the company earned a revenue of $7.03 billion and had a net profit of $2.14 billion
Time of India
5 days ago
- Time of India
After Basuli bust, STF hunts for cyber fraud kingpin operating from shadows
Rudrapur: Following the crackdown on a cyber fraud operation from an isolated homestay in Kathgodam's Basuli village, Uttarakhand's Special Task Force (STF) has intensified efforts to locate the alleged kingpin, Sachin Mittal. Officials suspect that similar digital fraud hubs may be operating in other remote areas of the state under the guise of legitimate ventures. The STF is analysing digital evidence recovered during a joint raid three days ago, which revealed a fully functional cybercrime control room at an unlaunched homestay in Amritpur. Acting on inputs, the STF, Cyber Police Station, and Kathgodam Police raided the premises and arrested six young operatives allegedly linked to a pan-India cyber scam network. "The arrested individuals were acting as money mules and account handlers. But the real aim now is to dismantle deeper layers of the gang and trace Sachin Mittal, believed to be funding and directing the entire operation," said inspector MP Singh of the STF. Investigators found high-speed internet connections, including Jio Fiber, and seized banking materials such as account numbers, IFSC codes, barcode scanners, and transaction devices. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2025 Top Trending Local Enterprise Accounting Software [Click Here] Accounting ERP Click Here Undo Notably, none of the seized documents had the real names of account holders, pointing to deliberate obfuscation. The gang used social media platforms for communication and procured SIM cards and bank accounts through local agents. One such handler, Saurabh Tiwari, allegedly arranged account kits and SIMs via speed post and dropped them at designated spots for pickup. The six accused arrested from the Basuli homestay have been identified as Jatin Pandey of Amritpur (Bhimtal), Kamal Kishor of Jhadapani (Mukteshwar), Harsh Bora of Kishanpur Raikwal (Kathgodam), Kaushal Kishor alias Ashish Thakur of Barahimpur (Kannauj, UP), and two residents of Haldwani's Gora Parao area, Prem Kumar and Karan Kevat, both from Dhaulakhera DRDO Road. They allegedly earned commissions by transferring money obtained through phishing scams, investment frauds, fake parcels, and credit card fraud. The accounts were often opened using documents of unemployed or poor individuals lured with promises of easy income. "This network is exploiting both victims and unemployed youth. We're digging deeper into financial records and communications to track the movement of funds and assess the full scale of the racket," said inspector Singh. SSP Manikant Mishra confirmed the growing trend of youth being drawn into cybercrime. "These gangs operate like modern-day drug syndicates—only now, the drug is data and deception. In the last 18 months, we've registered 365 cyber fraud cases and refunded over ₹10.83 crore to victims," he said. The latest raid follows a series of recent cyber frauds in the region. In December 2024, Canara Bank's senior manager filed a complaint after two men opened current accounts for ₹50,000 commission; one handled ₹4.42 crore in two days, another ₹28.80 crore in six days. On March 1, police arrested two youths with ₹9.80 lakh and illegal firearms in Kashipur; they were allegedly routing scam funds through local accounts. Later in March, STF nabbed two Rudrapur men who earned over ₹1.2 crore in commissions for opening fraudulent accounts linked to a Telegram-based cyber gang. In May, Chennai Police arrested two CSC operators from Jaspur in a ₹1.39 crore scam involving an engineer. On May 29, seven individuals—mostly youth—were held in a ₹54,000 fraud where bank accounts were rented out for commission.
Yahoo
6 days ago
- Business
- Yahoo
DBS Raises Netflix (NFLX) Target Price on Subscriber Momentum, Maintains Buy
Netflix Inc. (NASDAQ:NFLX) is one of the 10 best tech stocks to buy according to billionaires right now. On Tuesday, June 10, media portal 'Deadline Hollywood' reported that Netflix's Co-CEO Ted Sarandos has committed to invest around $1.0 billion on content creation in Spain by 2029. Sarandos, speaking at Netflix's Tres Cantos Madrid hub, highlighted the strong contribution from Spanish content which has generated over 5 billion hours of viewing on Netflix over the last decade. The company had announced similar plans ($1 billion spend over four years) for Mexico in February. While this news is positive for Netflix, on June 9, DBS analyst Sachin Mittal also reiterated a Buy rating on it and raised his target price from $1,195 to $1,416. His revised forecast is based on stronger-than-expected financial and subscriber performance during the latest quarter. mollie-sivaram-yubCnXAA3H8-unsplash According to Mittal, Netflix delivered solid results, with both operating profit and normalized earnings coming in above market expectations. This financial outperformance was supported by better-than-expected subscriber growth as well as ongoing shifts in viewing habits from linear TV to streaming. While the analyst highlights slowing growth in the mature markets as a risk, he also highlighted several strategic initiatives that are likely to support future revenue growth. These include the rollout of ad-supported plans, ongoing efforts to reduce password sharing and selective price increases. Netflix Inc. (NASDAQ:NFLX) is a leading global streaming platform, offering a vast selection of movies, TV shows, and games with unlimited access on internet-connected devices. With a subscriber base exceeding 300 million across more than 190 countries, Netflix continues to shape the entertainment industry through constant innovation in content and user experience. While we acknowledge the potential of NFLX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
13-06-2025
- Business
- Business Insider
Netflix Stock (NFLX) Jumps Despite UI Update Complaints
Netflix (NFLX) stock was up on Thursday even after the streaming service faced criticism from subscribers over its redesigned user interface (UI). Users have taken to X, formerly Twitter, and Reddit to complain about the changes made to the UI. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Over on X, one user said the new update was 'awful,' while another called it 'diabolical.' Another went so far as to call for the resignation of whoever was behind the change to the streaming service's UI. One Reddit thread, titled 'I HATE the new layout…,' has amassed nearly 400 upvotes and 200 comments from users unhappy about the new UI. Complaints in this thread include how 'clunky' the new layout is, the lack of a 'coming soon' section, thumbnails that expand when hovered over, and the increased amount of scrolling required to navigate content on the platform. NFLX Stock Unaffected By UI Criticism Despite the wailing and gnashing over the Netflix UI change, shares of NFLX stock haven't been negatively affected. The company's shares were up half a percent on Thursday, extending a 37.41% year-to-date rally and an 86.74% 12-month increase. Analysts also haven't been worried about the UI change. Top analysts reiterated bullish ratings earlier this week, including: A Buy rating and $1,400 price target from Jefferies' James Heaney. A Buy rating and an increased $1,416 price target from DBS' Sachin Mittal. Is Netflix Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for Netflix is Strong Buy, based on 29 Buy and nine Hold ratings over the past three months. With that comes an average NFLX stock price target of $1,233.97, representing a potential 0.56% upside for the shares.
Business Insider
21-05-2025
- Business
- Business Insider
Trip.com Group Ltd. (9961) Receives a Rating Update from a Top Analyst
DBS analyst Sachin Mittal maintained a Buy rating on Group Ltd. (9961 – Research Report) today and set a price target of HK$646.00. The company's shares closed yesterday at HK$505.50. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter According to TipRanks, Mittal is a top 100 analyst with an average return of 22.4% and a 75.38% success rate. Mittal covers the Technology sector, focusing on stocks such as Cognizant, Infosys, and Accenture. Currently, the analyst consensus on Group Ltd. is a Strong Buy with an average price target of HK$603.75. 9961 market cap is currently HK$340.8B and has a P/E ratio of 18.83.
