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Real estate brokerage firm Moneytree realty is expecting a 30% growth in sale value with residential and commercial real estate continues to do well. The company, which has set a target of Rs 500 crore in the first year of operation, is expected to close the year at Rs 750 crore and then touch Rs 1,000 crore in 2025. The company has tied up with leading developers in Delhi-NCR, Goa and Mumbai and banking on the boom in the residential segment to drive the growth.

Tata Power shares are in focus today after the company signed a memorandum of understanding (MoU) with the Asian Development Bank (ADB) during the COP29 climate conference in Baku, Azerbaijan. The MoU aims to evaluate financing for several projects, with a total estimated cost of $4.25 billion. The MoU outlines the evaluation of financing for key ongoing projects, such as the 966 MW solar-wind hybrid project, the pumped hydro storage project, and other projects in the pipeline related to energy transition, decarbonization, and battery storage. It also includes ongoing financing for capital expenditures (capex) to strengthen the distribution networks managed by Tata Power.

The India VIX climbed 2.09% to close at 15.99 on Thursday, indicating heightened caution. FII selling pressure continues, as the Long-Short ratio hovers around the 25% level.

add call on Sobha with a target price of Rs 1628. The current market price of Sobha is Rs 1511.25. Sobha, incorporated in 1995, is a Mid Cap company with a market cap of Rs 16161.79 crore, operating in the Real Estate sector. Sobha's key products/revenue segments include Income from Sale of Commercial Flats, Shops & Plots, Sale of services, Income From Glazing, Income From Interiors, Concrete Blocks, Rental Income, Other Operating Revenue, Scrap for the year ending 31-Mar-2024.

Dnipro: Russian President Vladimir Putin said Thursday that the conflict in Ukraine had characteristics of a «global» war and did not rule out strikes on Western countries. The Kremlin strongman spoke out after a day of frayed nerves, with Russia test-firing a new generation intermediate-range missile at Ukraine — which Putin hinted was capable of unleashing a nuclear payload. Ukraine's President Volodymyr Zelensky branded the strike a major ramping up of the «scale and brutality» of the war by a «crazy neighbour», while Kyiv's main backer, the United States, said that Russia was to blame for escalating the conflict «at every turn».

«We expect the market to remain range-bound over the next three months and for a back-loaded recovery as growth picks up,» said Goldman in a client note. «While the structural positive case for India over the medium-term remains intact, we remain tactically neutral on India given slowing growth, high starting valuations and a less supportive domestic and external environment in the near-term.»

Xiaomi reported a 30.5% increase in revenue compared to the previous year, driven by robust sales of both its smartphones and the SU7. As the world's third-largest smartphone manufacturer, Xiaomi introduced the SU7 earlier this year as part of its strategic shift towards electric vehicles. The SU7 is equipped with advanced features such as assisted driving software and remote voice control, which allows drivers to operate household appliances from their car. Priced at 215,900 yuan (approximately $30,000), the SU7 has quickly become a top seller in China, the largest market for electric vehicles globally. In October alone, Xiaomi delivered over 20,000 units of the SU7. The company has now set a new target of 130,000 deliveries for the year, having already surpassed its initial goal. The SU7 has also gained international attention, with Ford's CEO praising the vehicle as «fantastic» and expressing reluctance to part with it after driving one for six months.

The U.S. House passed legislation that would give the Treasury Department unilateral authority to strip the tax-exempt status of nonprofits it claims support terrorism

Russia’s third largest bank, Gazprombank and its six foreign subsidiaries were hit with U.S. sanctions on Thursday

Donald Trump has put Elon Musk and Vivek Ramaswamy in charge of finding ways to cut government spending and regulations

Treasury Secretary Janet Yellen said the sanctions targeting Russia's largest remaining non-sanctioned bank would further diminish Russia's military effort and «will make it harder for the Kremlin to evade U.S. sanctions and fund and equip its military.» In addition, more than 50 internationally connected Russian banks, 40 Russian securities registrars, and 15 Russian finance officials were hit with sanctions.

In a speech at Leeds University Business School on Wednesday (20 November), Dave Ramsden described the significant fall in headline inflation as «the main development on the UK economy over the last year». He recalled the MPC's forecast in November 2023, which predicted it would take over two years for inflation to return to the 2% target, noting it took just six months. Earlier this month the Monetary Policy Committee cut rates for the second time this year, taking the bank rate to 4.75%, and remarking in the monetary policy report that it expects inflation to rise to around 2.8% ove...

Here’s everything you need to know about the upcoming sales, including dates, offers, and how to grab the best deals.

Subscribe to enjoy similar stories. One problem with being on top is there is often nowhere to go but down. Nvidia’s breakneck growth over the past 18 months has definitely put the company on top—both of the burgeoning artificial-intelligence market and the stock market.

Ridham Desai, Head of India Research and Chief India Equity Strategist,Morgan Stanley, says India is in a strong position and there's no need for concern. However, stricter policies could pose challenges in the latter half of next year. The recent growth slowdown was temporary, influenced by elections and heavy rains. By the end of September, the government's cash balance with the RBI was nearly Rs 3.6 trillion, indicating deferred spending, resulting in a fiscal deficit of 3.4%, well below the 4.9% target. The government's cash balance has now decreased to below Rs 60,000 crore, and since October 1, they have spent Rs 3 lakh crore in addition to tax revenues. Desai says India will be one of the rare exceptions which will stop borrowing to pay interest in about three years and will move to primary balance. When that happens, government debt to GDP will fall because nominal GDP in India is still 10-11%. It will create major space for the private sector to re-lever and a major lending boom in the private sector can be expected, accompanied by a big capex cycle.

UK borrowing – which is the difference between public sector spending and income – was £17.4bn last month, the second highest October borrowing since monthly records began in January 1993, according to data from the Office for National Statistics. The previous October high was set in 2020 in the midst of the Covid-19 pandemic when levels hit £18.2bn. Hike in energy prices pushes inflation above BoE target at 2.3% in October This was also an increase on September's value, when the government borrowed £16.6bn. Last month's figures came in £1.5bn higher than the £15.1bn borrowing f...

buy call on Suzlon Energy with a target price of Rs 68. The current market price of Suzlon Energy Ltd. is Rs 62.35. Suzlon Energy Ltd., incorporated in 1995, is a Small Cap company with a market cap of Rs 84951.61 crore, operating in the Power sector. Suzlon Energy's key products/revenue segments include Wind Turbine Generator, Sale of services, Other Operating Revenue, Scrap for the year ending 31-Mar-2023.

Investec has initiated coverage on Adani Energy with a «Buy» recommendation, citing significant opportunities in the transmission and smart metering segments.

Subscribe to enjoy similar stories. Less than four years after the government concluded its review of India’s inflation-targeting regime in April 2021 and opted to keep both its target and nitty-gritty—its target range, indicator, etc—unchanged, its view of inflation targeting seems to be shifting.

Axis Bank and Krishna Institute of Medical Sciences (KIMS) are among HSBC Global Research’s 12 ‘actionable’ stock ideas in Asia. “We believe Asia in 2025 will look very different from what it did in the past few years,” said HSBC’s analysts. “Mainland China is turning a corner, India is slowing, ASEAN is investing in new infrastructure, and, in North Asia, the story is all about AI and returning cash to shareholders through dividends and share buybacks.

Adani Green Energy, India's largest private sector renewable power company, on Wednesday raised $600 million through a 20-year bond, sources close to the development told ET. This issue comes a month after the group postponed a $1.2-billion bond offering as some investors differed over pricing of the instruments. ET reported on Monday the company would be raising $600 million through a bond issuance.