Target Financial News

NCP (SP) leader Jitendra Awhad has claimed that Nitish Kumar of JD(U) and TDP chief N Chandrababu Naidu would withdraw their support from the BJP-led Centre if MVA is voted to power in Maharashtra. The sitting MLA from the Mumbra-Kalwa assembly constituency, who has been renominated by his party, targeted the Ekanath Shinde government over the state's «financial instability» and accused the BJP and RSS of trying to disrupt peace in the country. If the opposition bloc Maha Vikas Aghadi (MVA) forms the government after the November 20 assembly elections, BJP's allies at the Centre Nitish Kumar and Chandrababu Naidu will stop backing it, he claimed at a rally at Mumbra near Thane on Saturday. Once back in the saddle, MVA will «provide monthly financial assistance of Rs 3,000», said Awhad without elaborating. The BJP-led Mahayuti government cannot even meet essential expenses like police salaries, he said.

Donald Trump had spent the past several years deriding early and absentee voting. However, Elon Musk's political team, which was advising the Tesla CEO on his nascent pro-Trump super PAC, informed him that Republicans could win Georgia, North Carolina and Pennsylvania only if they delivered on those kinds of votes, as per a report. Musk was aghast — and so he reached out to Trump, then the presumptive Republican nominee. You've got to stop telling people not to vote early, Musk texted, according to two people to whom Musk told this story. He was unsure his message was received, NYT News Service reported. But later that evening, Trump posted on Truth Social, «ABSENTEE VOTING, EARLY VOTING, AND ELECTION DAY VOTING ARE ALL GOOD OPTIONS.»

No one knows how Tuesday’s presidential election will turn out, but the Federal Reserve’s move two days later is much easier to predict: With inflation continuing to cool, the Fed is set to cut interest rates for a second time this year

India A team that is playing Australia A has been caught in a controversy after being alleged of ball tampering on Day 4 of the unofficial Test in Mackay. The umpires decided to change the ball before the start of play, leading to protest from India A players. The conversation between players and umpires was caught on the stump mic. Umpire Shawn Craig told the India A players, «When you scratch it, we change the ball. No more discussion, let's play.» Despite their appeals, Craig stood firm, insisting on no further discussion.

DUBAI, United Arab Emirates (AP) — Iran’s supreme leader on Saturday threatened Israel and the U.S. with “a crushing response” over attacks on Iran and its allies.

Iran's leadership and allies are bracing for what they would regard as a dreadful outcome of the imminent U.S. presidential election: A return to power of Donald Trump. Opinion polls suggest the Republican Trump and Democratic Vice President Kamala Harris remain locked in a close contest. But Iranian leaders and their regional allies in Lebanon, Iraq, and Yemen are concerned that Trump could well triumph on Nov. 5 and this could spell more trouble for them. Iran's main concern is the potential for Trump to empower Israeli Prime Minister Benjamin Netanyahu to strike Iran's nuclear sites, conduct targeted assassinations and reimpose his «maximum pressure policy» through heightened sanctions on their oil industry, according to Iranian, Arab and Western officials. They anticipate that Trump, who was president in 2017-21, will exert utmost pressure on Iranian Supreme Leader Ayatollah Ali Khamenei to cave in by accepting a nuclear containment deal on terms set by himself and Israel.

Israel and the U.S. with «a crushing response» over attacks on Iran and its allies. Ayatollah Ali Khamenei spoke as Iranian officials are increasingly threatening to launch yet another strike against Israel after its Oct. 26 attack on the Islamic Republic that targeted military bases and other locations and killed at least five people. Any further attacks from either side could engulf the wider Middle East, already teetering over the Israel-Hamas war in the Gaza Strip and Israel's ground invasion of Lebanon, into a wider regional conflict just ahead of the U.S. presidential election this Tuesday.

GDP growth projections for FY25 depend on strong government investment and effective inflation control for India to reach over 7 per cent growth, according to Ernst & Young (EY) report. Recent reports indicate a mixed outlook, with the Reserve Bank of India (RBI) maintaining a cautious stance on monetary policy amid rising inflation. In September 2024, the Consumer Price Index (CPI) inflation was recorded at 5.5 per cent, pushing the average inflation for the second quarter of FY24 to 4.2 per cent, slightly above the RBI's expected target of 4.1 per cent.

Izz al-Din Kassab, a high-ranking Hamas official, in an airstrike in Khan Younis, southern Gaza. Kassab was the Head of National Relations in Hamas' political bureau. According to the IDF, he was responsible for coordinating with other factions in Gaza and directing military relations. The IDF stated on X, «ELIMINATED: Izz al-Din Kassab, Head of National Relations in Hamas' Political Bureau. Kassab was a member of Hamas' political bureau and was responsible for national relations within the organization, overseeing the coordination and connection between Hamas and other terrorist organizations in Gaza.» The post also mentioned that Kassab directed terrorist attacks against Israel. The attack comes amid heightened tensions between Israel and Hezbollah. The IDF reported that Hezbollah fired over 4,400 projectiles toward Israel in the past month. They also discovered more than 3,000 explosive devices and dismantled 2,500 anti-tank missiles and RPGs in the same period. The IDF claimed to have eliminated over 1,500 terrorists since the conflict began.

United Nations, Nov 02, 2024 -Yemen's Huthi rebels are transforming themselves into a «powerful military organization» due to «unprecedented» military support from outside sources, particularly Iran and Hezbollah, according to a UN report published Friday. Since the beginning of the war in Gaza last year, the Huthis, who have controlled large swaths of war-torn Yemen for a decade, have «exploited the regional situation and enhanced cooperation with the 'axis of resistance,'» which includes Iran, Hamas and Hezbollah, the UN experts said. The panel noted «the transformation of the Huthis from a localized armed group with limited capabilities to a powerful military organization, extending their operational capabilities well beyond the territories under their control.»

Kamala Harris’ campaign is actively warning business leaders that Donald Trump has a pattern of disregard for democracy and the rule of law that would threaten U.S. economic growth

Generative advertising — which leverages AI to continuously create, test and optimise personalised content at scale that resonates with customers on a personal level — is emerging as the shortest pathway to monetising AI. And it's putting Meta in the pole position. It stands to reason that tech giants pushing the frontiers of generative AI will test the more promising business applications in-house.

Hamas infrastructure and a militant operating in the area of the central Nuseirat refugee camp, and in Lebanon, where Israel stepped up airstrikes against Hezbollah in the northeast this week. Officials from the al-Aqsa Hospital in central Gaza said they continued to receive bodies from a barrage of Israeli airstrikes on Nuseirat camp that began overnight, leaving 21 dead, including an 18-month-old and his 10-year-old sister. Strikes on a motorcycle in Zuwaida and on a house in Deir al-Balah, also in central Gaza, on Friday killed four more people, the hospital officials said, bringing the overall toll to 25.

Exxon Mobil’s third-quarter profit beat analysts’ expectations, as the oil and gas giant was helped by contributions from Pioneer Natural Resources, a recent acquisition

Department of Treasury said in a statement on Thursday. In addition to disrupting global evasion networks, this action also targets domestic Russian importers and producers of key inputs and other material for Russia's military-industrial base, the statement said. «The United States and our allies will continue to take decisive action across the globe to stop the flow of critical tools and technologies that Russia needs to wage its illegal and immoral war against Ukraine,» Deputy Secretary of the Treasury Wally Adeyemo said.

Pierre Poilievre says Canada is broken. Polls say 70 per cent of Canadians agree. But what does that claim really mean?

Subscribe to enjoy similar stories. Like its big tech rivals, Amazon.com is spending a king’s ransom on artificial intelligence. Unlike them, it also has plenty of customers dropping money on toothpaste and razorblades.

Typically, the RBI, from time to time, intervenes in the market through liquidity management, including through the selling of dollars, with a view to preventing a steep depreciation in the rupee. The RBI closely monitors the foreign exchange markets and intervenes only to maintain orderly market conditions by containing excessive volatility in the exchange rate, without reference to any pre-determined target level or band.

Muhurat trading is traditionally held on the evening of Diwali, symbolizing new beginnings and prosperity. Investors treat this day as an opportunity to make fresh investments, believing that trades made during this auspicious hour will yield fruitful returns throughout the year. The atmosphere is charged with optimism as traders engage in buying stocks, often driven by sentiment rather than mere financial analysis. Notably, the Sensex has closed positively in 8 of the last 10 years on this day, enhancing its reputation for bringing good fortune for investors. The Sensex has experienced substantial growth over the last ten years. From a value of approximately 26,850 points in 2014, it surged to an all-time high of about 85,978 points in September 2024. This impressive trajectory reflects an average annual growth rate that has consistently attracted both domestic and foreign investors. The index's performance is not just a reflection of market trends but also indicative of India's economic resilience and growth potential.

Global stocks slid Thursday as investors fretted over results from tech giants and remained risk-averse ahead of a coin-toss US election. Data showing the US Federal Reserve's preferred inflation measure cooled further last month — and now sits just above its long-term target — failed to boost sentiment, despite being a positive sign for future interest-rate cuts.

Market expert Neeraj Dewan has a target of Rs 975 for DLF for one year and says it is a stock for portfolio. One can rides it for a longer term also. BCL can be a high-risk rocket. With the margin improvement and the quality of business improving, Dewan’s one-year target for BCL is Rs 80 and he thinks in the next two-three years, BCL may continue to improve as far as the top-line and the bottom-line is concerned because of value addition. Textile stock Siyaram Silk Mills Limited is a great value bomb. It is available at a very reasonable valuation. Dewan has a target of Rs 525 for one year for the stock.