Target Financial News

India is moving towards a new fiscal policy framework. Finance minister Nirmala Sitharaman said in the Union budget announced earlier this month that after 2025-26, the government will try to keep the fiscal deficit at a level “such that the central government debt will be on a declining path as a percentage of GDP." What does this mean? India currently has a fiscal law that expects the Union government to keep its annual fiscal deficit below 3% of gross domestic product (GDP).

India vs Sri Lanka Live Score, 3rd T20I: The grounds at Pallekele International Cricket Stadium is set to witness the third match between India and Sri Lanka, of the T20I series. Chasing a target of 78 runs, in 8 overs, India had won the second T20 match.

Suzlon Energy were locked in a 5% upper circuit at its new all-time high in Tuesday’s session at Rs 68.25 after rallying 23% since its Q1 results were announced earlier in the last week. The company had reported a stellar growth of 200% year-on-year (YoY) in its consolidated net profit for the quarter ended June 2024 at Rs 302 crore while its revenue from operations in the reported quarter stood at Rs 2,016 crore versus Rs 1,348 crore reported in the year-ago period, an uptick of 50%.

inflation met with skepticism from many economists, who say it’s inappropriate to ignore the costs of everyday items that consumers can’t do without.

NTPC rallied 5% to hit a fresh record high at Rs 412.6 in Tuesday's trade on BSE after the global brokerage firm Jefferies maintained its ‘Buy’ rating on the state-owned company and increased the target price from Rs 445 to Rs 485. The global brokerage firm believes NTPC's execution pace is expected to pick up significantly. Jefferies further stated that NTPC already has a 24 GW renewable energy pipeline in place and is targeting 60 GW by 2032. Additionally, earnings visibility is improving, particularly with thermal power projects, as 9.6 GW is currently under construction and another 15.2 GW is set to be awarded.

Rising demand for electric vehicles: The Indian government is promoting the adoption of electric vehicles (EVs) through a number of initiatives, including subsidies and tax exemptions. This is expected to lead to an increase in demand for car loans for EVs.Expansion of car loans to Tier 2 and Tier 3 cities: The demand for car loans is increasing in Tier 2 and Tier 3 cities as disposable incomes rise and car ownership becomes more affordable.Digitalization: The auto finance industry is becoming increasingly digitized, with more and more lenders offering online applications and approvals.To further analyze and understand these trends, we need to further delve into the understanding of consumer behavior.

COSCO Shipping Corporation has signed a preliminary agreement with Australia's Fortescue to jointly build a green fuel supply chain to help reduce pollution from the shipping industry, the Chinese company said on Monday.

Colgate Palmolive surged nearly 4% to a new all-time high of Rs 3,348.95 on the BSE after the company reported a 33% year-on-year (YoY) increase in net profit, reaching Rs 364 crore. The rise was driven by price hikes and steady domestic demand. Despite Colgate Palmolive raising prices to offset higher raw material costs, customers continued to prioritize spending on personal care products.

Can India achieve the government's target of achieving $10 trillion GDP by 2030? Given that we are yet to hit $4 trillion, only $8 trillion is plausible by 2030, says Nilesh Shah, MD, Kotak AMC, in a post-Budget interaction with Mint. He believes finance minister Nirmala Sitharaman achieved the trinity of impossible of fiscal consolidation, investment and job creation. It should lead to the country's credit upgrade, he says. Shah adds that hiking the security transaction tax (STT) on futures and options (F&Os) is a step in the right direction. Edited excerpts:

budget will help keep its growth outlook healthy, said World Bank chief economist Indermit Gill, flagging the reduction in public debt as a key focus area for the government, along with putting education in mission mode. He noted that India has done a good job of making sure the fiscal deficit is reduced from last year.

₹185 trillion, or 56.8% of the GDP, during 2024-25, minister of state for finance Pankaj Chaudhary said in a written reply to the Lok Sabha on Monday. According to the International Monetary Fund, World Economic Outlook, April 2024, India's GDP at current prices has already reached $3.57 trillion in 2023-24. Experts said the Centre could look to stabilise the fiscal deficit at 4% after 2025-26, by targeting a range of 3.7%-4.3%.

JD Vance has been announced as Donald Trump’s running mate. According to many Republicans, this could be a disastrous move and Trump may be reconsidering his choices. Survey after survey indicate that the Ohio Senator is in fact the most unpopular vice-presidential nominee in the country’s history since 1980.

Two years and multiple housing laws since the Ford government promised to build 1.5 million new homes in a decade to solve Ontario’s housing crisis, key indicators suggest home construction is grinding to a trickle.

₹1 crore from Bira, pending for a year. Both Suri and Marwah did not respond to Mint’s requests for further clarifications. An email sent to Bira requesting clarification on Suri’s claims remained unanswered.

Reserve Bank of India said that global acceptability of the UPI and the development of CBDCs — can lower the cost of remittances, enhance their volume and also inflows to the recipients.

BHIVE Workspace, a managed office spaces firm, has leased 42,000 sq ft of Grade-A office space in Garudacharapalya, Mahadevapura in Bengaluru.

infiltration by Pakistani Special Service Group (SSG) commandos.

The Securities and Exchange Commission (SEC) has charged prominent activist short seller Andrew Left and his firm, Citron Capital, with orchestrating a $20 million fraud scheme.

SBI Cards, Nomura has a neutral rating on IndusInd Bank. Meanwhile, Morgan Stanley and Macquarie have an overweight and outperform rating respectively on ICICI Bank.

Nifty Bank, which has been underperforming in the last few weeks, looks ready for a smart recovery in the short term. «Going forward, a move above 51,500 might induce a decent rally towards 52,500. On the lower end, support is placed at 51,000,» says Rupak De, Senior Technical Analyst, LKP Securities. Edited excerpts: How would you read Friday's rally? It appeared as if traders were waiting for the July series to get over before buying again in the August series. Nifty had a decent rally on Friday following a period of downward consolidation in the previous few sessions. The index sustained above the 21 EMA at closing, setting the stage for solid gains in the near term. Banks, which had not been supportive in the last few sessions, came in with their full support. The sentiment looks apt for a strong rally in the market. Technically, Nifty has made a decisive move above 24,600, which acted as a strong resistance level in the recent past. Going forward, the trend is likely to remain strong as long as it stays above 24,500.