Target Financial News

₹9,941 crore (budget estimate or BE) for 2024-25. This is barely any improvement over the ₹9,877 crore spent in 2023-24 (revised estimate or RE). The budget for apex research institutions which include the Indian Council for Agricultural Research (ICAR), central agricultural universities and the National Academy for Agricultural Sciences (NAAS) is ₹7,103 crore for 2024-25, lower than the ₹7,248 crore spent last year.

$7 trillion economy by 2030. Will this year’s budget emphasize social spending while reviving the rural economy and facilitating job creation?As we approach Budget 2024, anticipation is high regarding what will be the government's focus and what could be potential beneficiary sectors.

The Telegraph report, citing Dr Rachel Ann Hauser-Davis, a British scientist and member of the research team said the results showed “chronic exposure due to human use of cocaine in Rio de Janeiro and the discharge of human urine and faeces by sewage outfalls, as well as from illegal labs."She also told The Telegraph that there usually aren't many bales of coke dumped or lost at sea in Rio de Janeiro, unlike in Mexico and Florida.Dr Rachel said the cocaine was probably harmful to the health of the animals, however, it is not known if it affected their behaviour, rendering them more aggressive and unpredictable or making feeding frenzies more likely.“This may be the case, as cocaine targets the brain, and hyperactive and erratic behaviour has been noted in other animals. It’s a possibility and further studies are required," said Dr Enrico Mendes Saggioro, an ecotoxicologist from the Oswaldo Cruz Institute.One of the ways cocaine may damage the health of sharks, according to the experts, is by affecting their eyesight, affecting their capacity to hunt.“You might start to see lower fecundity and growth rates," Dr Tracy Fanara, an expert in ecotoxicology and environmental engineering from the University of Florida, told The Telegraph.

cigarette business is ITC’s mainstay, accounting for close to 40% of total gross segmental revenues in FY24 and almost 80% of its total segment Ebit (earnings before interest and tax). With clarity on cigarette taxation, Jefferies’ analysts believe ITC is well-placed to accelerate cigarette revenue growth through a blend of volumes, price hikes, and better mix.

Capital goods stock plunged up to 8% on BSE in Tuesday's trade after the Union Finance Minister Nirmala Sitharaman proposed to maintain the capital expenditure target at Rs 11.11 lakh crore for this fiscal year as announced in the interim budget in February. While announcing the interim Budget ahead of the Lok Sabha elections, India had proposed boosting the capital expenditure target by 11.1% to record Rs 11.11 lakh crore for fiscal year 2025, banking on its huge multiplier impact on economic growth and employment creation.

Narendra Modi pledged 2 trillion rupees ($23.9 billion) to boost jobs and improve education in India, increased spending to his new allies, while also targeting a smaller fiscal deficit for this year. The government will focus on employment, skilling, small businesses and the middle class in the fiscal year through March 2025, Finance Minister Nirmala Sitharaman said in her budget speech Tuesday. She announced a number of employment-linked incentives for businesses to help spur jobs.

In a boost to the London Stock Exchange, which has suffered a number of setbacks in recent years, Canal+ could gain a listing on the exchange as part of Vivendi's exploration of whether to split its business in three, the group said in a statement on Monday (22 July). The group said the choice to list in London highlights Canal+'s growing international operations, as it undertakes a $2.9bn (£2.2bn) acquisition of Multichoice, Africa's largest pay-TV operator. FCA introduces overhaul of UK listings regime to bolster stock markets With close to two-thirds of its subscribers outside o...

Fiscal Deficit Target: Aiming to reach a fiscal deficit level below 4.5 per cent of the GDP by 2025-26, Finance Minister Nirmala Sitharaman has lowered the fiscal deficit target for 2024-25 to 4.9, well below the 5.1% budget gap pegged in Interim budget for this fiscal year.

The Environmental Protection Agency is awarding $4.3 billion in grants to fund projects in 30 states to reduce climate pollution

Bajaj Finance, while Citi has a buy call on GAIL and Exide. Jefferies has a buy view on JK Cement and Supreme Industries, and Kotak Securities has a buy call on Federal Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

2024 Budget Highlights: Finance Minister Nirmala Sitharaman will present the Union Budget 2024 in Parliament today for the seventh consecutive time, surpassing the late Morarji Desai's record of six consecutive budgets. This budget is expected to focus on changes in the income tax structure and improving the ease of doing business in India. At 11 am, the much-anticipated full budget for 2024-25, the first under the Modi 3.0 government, will be unveiled in Parliament. Attention will be on the major announcements from the finance minister and the government's forward-looking guidance on the overall economy.

Budget 2024 day. The Nifty future closed negative with losses of 0.05% at 24,517 levels on Monday. India VIX was up by 4.18% from 14.82 to 15.44 levels.

«One is the kind of impetus that the government has always placed on investment and therefore what is the kind of growth that you are expecting from the capital expenditure side vis-a-vis the revenue expenditure, so that is one number to watch out for,» says Shibani Sircar Kurian, Kotak Mahindra AMC. What is the market expecting from the budget, does not seem like there is going to be any tinkering on the capital gains taxes at least, but yes, the market is waiting and watching whether it is going to be the budget or it is going to be something from SEBI with regards to options trading for sure. Shibani Sircar Kurian: So, if you look at the budget, of course, the budget sets the policy tone for the rest of the year and also sets the agenda for the government during its term.

US President Joe Biden has decided to end his political campaign. There were numerous concerns pertaining to his health and his chances of victory in the upcoming presidential election in November. Biden has withdrawn from the race but has endorsed Vice-President Kamala Harris. She is expected to receive a presidential nomination during the party’s national convention in August.

Gate.io, one of the world’s leading cryptocurrency exchanges, announced its decision to terminate services in Japan and will stop opening new accounts for Japanese residents from July 22, 2024.

Maryland’s attorney general has filed a civil lawsuit against an Eastern Shore landlord and his company, alleging a pattern of gender-based housing discrimination and sexual harassment that involved demands for sex in exchange for rent

jobs is a key takeaway from the Economic Survey; another highlight is the conservative approach to growth expectations.

policy framework, the Economic Survey 2023-2024 on Monday said the government should consider export bans on agricultural products only in specific situations and avoid banning futures or options markets at the first sign of any price surge to let markets function in the interest of farmers. India either banned or imposed curbs on exports of major agricultural items such as wheat, rice, sugar and onions as erratic weather hurt output, inflating prices in the domestic market. The Centre also banned trading in wheat, paddy (non-basmati), chana, mustard seeds, soya bean and moong to prevent any price surge.

AI tool may spot prostate cancer with 84% accuracy, according to a UCLA research, outperforming doctors who had a 67% accuracy rate. Unfold AI, an AI program created by Avenda Health, visualizes the possibility of cancer by analyzing clinical data using an algorithm. Seven urologists and three radiologists tested this tool—which was just approved by the FDA—by looking for leftover cancer in 50 cases of removed tumors. After doing the same study again, the AI found a far greater «negative margin rate,» which indicates a smaller chance of cancer being left behind, as per the reports of Fox news.

Mumbai: The sale of carbon credits to overseas entities in voluntary carbon markets (VCM) could make India’s emissions reduction more expensive and difficult, the Economic Survey 2023-24 said, adding that India “may not subsidize the transition of other countries". VCMs comprise trading in carbon credits by entities of their own volition to meet their internal emissions reduction targets. The survey noted that there is uncertainty regarding accounting standards when credits are sold internationally and then redeemed by a foreign entity.

Economic Survey 2023-24 said there is a need for nearer-term goals for human welfare, rather than just one larger, longer-term target for global climate management. It has also suggested a diversified approach for energy transition with the integration of renewables, alongside exploring nuclear energy and biofuels, wherein thermal power would provide the base-load to support largescale deployment of renewables.