Target Financial News

The Bank of Canada’s governing council has shifted its focus to downside risks to inflation and is concerned about the impact mortgage renewals and population growth uncertainty may have on the economy, according to deliberations from its most recent interest rate decision, released on Wednesday.

₹1,222 crore in the June quarter (Q1FY25). However, this robust growth was mainly due to the consolidation of the Thailand business. The acquisition, completed in January, added 283 Thailand KFC stores to Devyani’s portfolio back then.

A week is a long time in politics," said former British prime minister Harold Wilson, briefing journalists at the time of a sterling crisis. It was in the mid-1960s and Wilson was referring to the far-reaching fallout of the crisis. Close to 60 years later, I could perhaps be pardoned for tweaking Wilson’s quote to suit the world of macroeconomics.

NEW DELHI : India’s retail inflation is expected to have dipped below the Reserve Bank of India’s medium-term target of 4.0% in July, marking the first time since September 2019. The Consumer Price Index (CPI) inflation is expected to drop to 3.6% in July from 5.1% in June, primarily due to the statistical effect of a high base last year, according to a median estimate of 21 economists polled by Mint. "With the year-on-year inflation pulled lower by base effects, it will be more constructive to look at momentum in prices to understand the extent of inflationary pressures," said Barclays in a report earlier this week.

«On the NBFC side, we are more positive on, I would say, non-consumer NBFCs which are more catered towards CV cycle or power sector and we are also diversifying within financials towards non-lenders like insurance, this is one sector where we think this is ripe for some kind of outperformance over the next two to three years,» says Ashutosh Bhargava, Nippon India Mutual Fund. A quick view on the way policy pared out today. There was expectation that there would be some stance change at least, that did not happen, forget about the rates but it appeared that the governor was very steadfast on controlling inflation and some commentary again on top-up loans and deposits continues to remain an issue. What were your key observations from the policy commentary today? Ashutosh Bhargava: So, going into this policy, it is not that there was a consensus of a rate cut, but there was definitely an expectation of some change in stance towards more neutral, but that has not happened. It seems that the RBI is very focused on this 4% inflation target and overlooking already below 4% core inflation.

Union Minister Pralhad Joshi said on Thursday that the central government is not targeting anyone by bringing amendments to the Waqf Board Act and added that the opposition parties want to «only create an atmosphere.» «We are not targeting anyone. They (Opposition) want to only create an atmosphere. Our minister will explain in detail when he introduces the bill. They want to misguide some people in the community. They are trying to tarnish the image of India. We are one of the best democracies in the world,» Pralhad Joshi said while speaking to ANI. Parliamentary Affairs Minister Kiren Rijiju on Thursday moved the Waqf (Amendment) Bill, 2024 in Lok Sabha. Congress MP KC Venugopal opposed the bill in the House and dubbed it an «attack on the federal system.»

Axis Securities has initiated coverage on Prestige Estates with a target price of Rs 2,195 supported by the company’s diversified business model, execution supremacy, robust order book and strengthening annuity streams. The real estate business is highly cyclical and susceptible to various geographical risks. Prestige Group has mitigated these risks by diversifying across verticals and geographies and is better positioned to emerge strong during challenging times.

₹9,164 crore was 22% below consensus estimates. This was largely due to a 6.3% year-on-year drop in its cement realization, a measure of pricing, as the hunger for sales volumes continued to keep the sector’s prices muted. But the fall in Shree’s realizations was higher than what analysts had estimated and sharper than that of some peers.

Indigo Paints Ltd. with a target price of Rs 1700. The current market price of Indigo Paints Ltd. is Rs 1461.85. Indigo Paints Ltd., incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 6972.90 Crore) operating in Building Materials sector.

TVS Motor Company with a target price of Rs 2750. The current market price of TVS Motor Company Ltd. is Rs 2574. TVS Motor Company Ltd., incorporated in the year 1992, is a Large Cap company (having a market cap of Rs 122313.55 Crore) operating in Auto sector.

riots in parts of the UK. Sky asked its employees to leave early while BBC and ITV allowed their employees to work from home. These instructions came as reports emerged about possible riots in parts of London, as per a report on Deadline. Thousands of riot police stood ready Wednesday as Britain remained on high alert for more violent far-right protests across the country. Nightly riots, during which mosques and migrant targets have been attacked, have erupted in English towns and cities since three children were murdered on July 29, as per AFP report. Police were steeling themselves for more than 100 demonstrations linked to the disorder on Wednesday, including possible counter-protests by anti-fascist activists. Courts have ordered jail terms for offenders as authorities seek to head off new troubles.

Lyft shares tumbled to their biggest loss in more than a year on Wednesday after the ride-hailing app reported gross bookings that spooked investors

A Maine utility wants to be an ally with law enforcement in the crackdown on illegal marijuana grow operations — if it can overcome privacy concerns

Pakistani national with alleged ties to Iran has been charged with plotting to assassinate former United States President and Republican presidential candidate Donald Trump and several other public officials. US attorney general Merrick Garland, who announced the charges against Pakistani national Asif Merchant on Tuesday, indicated without naming Trump that the target was the former president. According to a criminal complaint unsealed in Brooklyn federal court on Tuesday, Merchant, after spending time in Iran, flew from Pakistan to the US in April to recruit hitmen to carry out the alleged plot. The plot failed, as per the complaint, as the person Merchant had contacted was a confidential informant working with the Federal Bureau of Investigation (FBI).

Blackstone Inc. debuted an infrastructure fund targeting individuals with at least $5 million of investments, departing from the paths of rivals such as KKR & Co. and Apollo Global Management Inc. that have courted the less-wealthy “mass affluent” for such funds.

Haryana Chief Minister Nayab Singh Saini on Wednesday said beneficiary families of the Pradhan Mantri Ujjwala Yojana in the state will now receive LPG gas cylinders for Rs 500. This initiative will benefit approximately 46 lakh families with an annual income of less than Rs 1.80 lakh, Saini added during his address at a state-level event organised in Jind on the occasion of Hariyali Teej. Additionally, as part of the Mukhyamantri Dugdh Uphaar Yojana, fortified milk will be provided to schoolgirls aged 14 to 18 for 150 days to combat malnutrition, the chief minister said. He added that this programme is expected to support around 2.65 lakh adolescent girls, according to an official release.

NASA is delaying its next astronaut launch to buy more time at the International Space Station for Boeing's troubled new crew capsule

Nirmala Sitharaman replied to the discussion on the Finance Bill in Lok Sabha on August 7. The passage of the Finance Bill by Parliament completes the budget process. The Appropriation Bill for the central government's expenditure for 2024-25 was passed by the House on Monday. Without drastically increasing taxes, the govt has brought in simplified taxation regime and eased compliance, the FM said.

Anti-theft software upgrades provided for Hyundai and Kia vehicles regularly targeted by thieves has cut theft rates by more than half, according to new research from the Highway Loss Data Institute

The Biden administration has imposed sanctions on a Paraguayan tobacco company for allegedly financing the country’s controversial former president

The budget speech gave pride of place to the long-term goal of Viksit Bharat and also said that reforms in many areas would be needed to achieve it. This article focuses on one of those areas: trade policy. Policies should be tailored to specified targets, and in this respect, commerce minister Piyush Goyal has set an ambitious target.