Target Financial News

Enthusiasm for cryptocurrency has gone «through the roof» since the re-election of President Donald Trump, analysts said Monday, which should lift shares of Coinbase Global (COIN).

In a speech given by BoE's deputy governor for monetary policy Clare Lombardelli today (25 November), the Bank will undertake a reform targeting the «whole nose to tail process of monetary policy making and communication». Back in April, Bernanke published an 86-page report outlining a set of deficiencies in the Bank's forecasting infrastructure, which are the tools staff use to produce its quarterly forecast and support analyses, with the review also including 12 recommendations. The changes come in response to «a sequence of supply shocks» which have impacted the UK economy in recen...

TORONTO — The trillion-dollar question these days is where the huge sums of money needed to address climate change are going to come from, especially for developing countries.

Cummins India staged a recovery on Monday with over 6% gain after shedding nearly 7% since declaring the September quarter result on November 7. The company reported a strong double digit growth year-on-year in revenue and profit for the second quarter amid expansion in operating margin before depreciation and amortisation (EBITDA margin). However, uncertainty over the extent of demand, pricing of the diesel power generators under 800 Kilowatt-hour (kWh) capacity, which was buoyant in the first two quarters of the current fiscal year, and elevated valuation are some of the concerns for the stock. The Central Pollution Control Board made CPCB IV plus compliance mandatory for generators under 800 KVA range since July 01. These standards, in a bid to improve air quality, prescribe the permissible levels of pollutants emitted by diesel generators. This regulatory push was a key driver in sales of gensets under 800 kWh during the first half of FY25 for Cummins India. In addition, the company also reported traction from data centre sector for its generators, which are in the above 800 kWh range and follow CPCB II norms.

President-elect Donald Trump nominates Key Square founder Scott Bessent as his pick for Treasury secretary.

TotalEnergies SE on Monday said it will make no new financial contribution as part of its investments in Adani group companies till the Indian firm's founder is cleared of bribery charges. The energy giant said it was not aware of the investigation into the alleged corruption. TotalEnergies is one of the biggest foreign investors in billionaire Gautam Adani's business empire and had previously taken stakes in the group's renewable energy venture Adani Green Energy Ltd (AEGL) and city gas unit Adani Total Gas Ltd (ATGL). In a statement, the French firm said it learnt of US authorities indicting Gautam Adani and two other executives for allegedly paying USD 265 million bribes to Indian officials to secure solar power supply contracts for AEGL.

Subscribe to enjoy similar stories. BEIRUT—From his tiled terrace in the foothills overlooking Beirut, Mohammed Dayekh is watching a place he once loved go up in flames. A 34-year-old director and screenwriter with jet black hair and tattooed forearms, Dayekh grew up in southern Beirut.

Subscribe to enjoy similar stories. Inflation has persisted stubbornly for five years now. In October 2019, India’s retail inflation exceeded the 4% official midpoint target set by the Reserve Bank of India (RBI), and has remained there for all but two months in 2024.

ICICI Securities has a buy call on Ramco Cements with a target price of Rs 960. The current market price of Ramco Cements is Rs 930.55. The t Time period given by the analyst is a week when The Ramco Cements Ltd. price can reach defined target. ICICI Securities recommended to keep stoploss at Rs 869.9. The Ramco Cements Ltd, incorporated in 1957, is a Large Cap company with a market cap of Rs 21942.11 crore, operating in the cement sector. Ramco Cements' key products/revenue segments include Cement, Dry Mortar Mix, Scrap, Ready Mix Concrete, Power and Other Operating Revenue for the year ending 31-Mar-2024.

A near marubozu candle on Friday suggests that fear is peaking in Honasa shares, which lost 39% last week, says Anand James, Chief Market Strategist, Geojit Financial Services. «The downtrend is now aged 49 days with a cut of nearly 60% from the top, with the last four days alone seeing nearly 40% cuts. Thus, even though we could not spot any reversal signs as yet, the age of the downtrend could attract bargain buyers,» he says.

India VIX inched higher to close at 16.10 on Friday, reflecting heightened market caution and a slight uptick in volatility.

HDFC Securities has a buy call on Neogen Chemicals with a target price of Rs 2,076. The current market price of Neogen Chemicals is Rs 1920.9. Neogen Chemicals, incorporated in 1989, is a Small Cap company with a market cap of Rs 5035.73 crore, operating in the Chemicals sector. Neogen Chemicals' key products/revenue segments include Organic/Inorganic Heavy Chemicals and Other Operating Revenue for the year ending 31-Mar-2024.

Lebanon, including 29 deaths from a devastating attack that flattened a multi-story residential building in central Beirut's densely populated Basta area. According to the IDF, 12 Hezbollah command centers were struck by the Israel Air Force in Dahieh, Beirut, including sites used by Hezbollah's Intelligence Unit, coast-to-sea missile unit, and Unit 4400--responsible for smuggling weapons from Iran through Syria into Lebanon. The IDF said, these command centers were used to plan, command, and execute terrorist attacks against Israel and monitor terrorist activity against IDF troops operating in southern Lebanon. Meanwhile, the Lebanese Ministry of Health revised the death toll upward on Sunday, initially reporting 20 deaths before confirming the higher number. Rescue teams continued working late into the weekend as the tragic aftermath of the Israeli airstrike became clear.

Subscribe to enjoy similar stories. Tata Capital Healthcare Fund (TCHF) is planning to increase the ticket size of each of its investments to around $25 million, from $10-18 million currently, the private equity (PE) fund’s managing partner Visalakshi Chandramouli said, as demand for healthcare in the world's fifth-largest economy grows. The fund is also betting on domestic pharmaceutical companies that target global markets.

Subscribe to enjoy similar stories. The euphoria in Bharat Forge Ltd has subsided. After hitting an all-time high of ₹1,804 on 21 June, which was in tandem with the excitement in all defence sector stocks, the stock has corrected to ₹1,316.

Subscribe to enjoy similar stories. New Delhi: India's production sops programme which powered a ₹13 trillion manufacturing boom may not add any more sectors soon in the wake of slowing disbursements, two people aware of the matter said.

Zee Entertainment Enterprises (Zee) said its chief executive officer Punit Goenka, who resigned as managing director (MD) last week, has withdrawn his consent for re-appointment as MD, initially proposed for approval at the annual general meeting on November 28. This follows the company's earlier announcement on November 18, where Goenka had announced his decision to step down as the MD. «I hereby tender my resignation from the office of MD of the company with immediate effect to entirely focus on my operational responsibilities,» Goenka stated in his letter to the board dated November 18.

Volodymyr Zelenskyy said Ukraine needs to strengthen its air defences to protect people after its air defence units shot down 50 of 73 Russian drones launched overnight over many regions. «An air alert has been sounded almost daily across Ukraine this week,»Zelenskyy said on Telegram on Sunday. Over the past week Russia used more than 800 guided aerial bombs, about 460 attack drones, and more than 20 missiles of various types, Zelenskyy said.

The trillion-dollar question these days is where the huge sums of money needed to address climate change are going to come from, especially for developing countries.

Congress chances by embroiling himself in a 'Savarkar controversy', with Pune and Nashik courts summoning him in defamation cases. Playing the 'Adani card' to voters was like throwing firecrackers in the water.

The benchmark S&P 500 rose 1.7% in the past week and approached all-time highs as investors digested the end of a solid third-quarter corporate reporting season. Earnings are on pace to have climbed about 9% from a year earlier, Reuters reported. But recent earnings from two high-profile retailers yielded sharply different prospects: Walmart on Tuesday raised its annual sales and profit forecast for the third consecutive time, while Target shares tumbled after it forecast holiday-quarter comparable sales and profit below estimates on Wednesday.