Target Financial News

Water is essential to life. So, while it needs to be politicised — in the sense of its universal availability being part and parcel of the state's delivery bouquet — playing politics with water is, to put it mildly, bad form. Last week, the Supreme Court underscored this fact again when it ordered the BJP-ruled Haryana government to facilitate the flow of 137 cusecs of surplus water from Himachal Pradesh to AAP-ruled Delhi 'without any hindrance'. The order is welcome. Delhi had approached the top court earlier, stating that record-high temperatures have led to an excessive surge in water demand, leading to shortage. It also claimed that though it had taken all administrative measures to ensure optimised, rationed and targeted water supply across the city, shortage remained acute.

Group of Seven (G7) wealthy democracies to send a tough new warning next week to smaller Chinese banks to stop assisting Russia in evading Western sanctions, according to two people familiar with the matter.

Lok Sabha and Assembly elections in Andhra Pradesh has shaken up a string of political families resulting in discord and estrangement. Siblings took on each other, a son contested against his minister-father while a determined wife was cajoled to stop competing against her husband at the last moment, among others. In this battle of blood relatives, YSRCP chief and outgoing Chief Minister YS Jagan Mohan Reddy faced a real challenge from his sister, Andhra Pradesh Congress chief Y S Sharmila who emerged as a 'thorn in the flesh' for him. After experimenting with politics in Telangana through the YSR Telangana Party (YSRTP) and merging it with Congress, Sharmila took over the reins of the grand old party in Andhra Pradesh to target her brother on a daily basis, accompanied several times by her cousin Suneetha Narreddy.

After a period of relative uniformity among major monetary authorities, it’s suddenly fashionable to talk of divergence in the path of interest rates. Unfortunately, this easy description papers over some important—and subtle—differences that have emerged over the past year. Such course corrections are healthy.

In its latest monetary policy review, the Reserve Bank of India (RBI) maintained the repo rate at 6.5% for the eighth consecutive time on Friday, amidst a backdrop of declining inflation and robust GDP growth. The apex bank’s decision is aimed at stabilising inflation within the target range of 2-6%. However, it has some implications for home loan borrowers, both existing and new. With borrowing costs remaining high, it is crucial for borrowers to adopt new strategies to manage their home loans more efficiently.

Stock Market News: The domestic benchmark indices, the Sensex and Nifty 50, rose more than 2% to reach new highs on Friday after the Reserve Bank of India (RBI) increased the GDP growth forecast to 7.2% for 2024-25 from 7% before.In day trading, the 30-share BSE Sensex rose 1,720.8 points, or 2.29%, to a new record high of 76,795.31. The benchmark closed at a record high of 76,693.36, up 1,618.85 points, or 2.16%.The NSE Nifty rose 498.8 points, or 2.18%, to 23,320.20 throughout the day, trailing just the record intraday high by 18.5 points.

Indian stock market: Continuing their upward trend for the third consecutive session, Indian stock market benchmarks, the Sensex and the Nifty 50, reached new closing highs on Friday, June 7. Despite a sharp 6 percent drop on June 4, market benchmarks have shown solid gains so far in June. The Sensex has risen by about 3.7 percent, while the Nifty 50 has gained nearly 3.4 percent in the first week of the month.During the session, the Sensex reached a new all-time high of 76,795.31 before closing at 76,693.36, up 1,619 points or 2.16 percent, with all components in the green.

The upcoming week will also place a significant focus on monetary policy decisions of central banks, as the US Federal Reserve will begin its two-day policy meeting on June 11. The US Fed will announce its interest rate decision after its two-day policy meeting on Wednesday, June 12, 2024.Analysts noted that the US economic landscape has shown signs of moderation in recent months.

Chandra Arya on Saturday expressed concern over Khalistani supporters in Canada putting up posters of Indira Gandhi's assassination.

President Vladimir Putin says that he sees no current threat to Russia’s sovereignty that would warrant the use of nuclear weapons but has again warned that Moscow could send arms to countries or groups to strike Western targets

A flurry of recent attacks in Iraq, apparently orchestrated by supporters of Iran-backed, anti-American militias, reflect surging anger against the United States, Israel’s top ally, over the war in Gaza

The European Central Bank on Thursday became the most important developed-country monetary authority to start cutting interest rates in this cycle. President Christine Lagarde believes she’s addressing the risk of recession in the eurozone, but this decision creates others. The ECB cut its main policy rate by 0.25 percentage points, to 3.75%.

The Texas Stock Exchange is looking to steal New York’s crown as the center of U.S. capital markets. It has a powerful force behind it: red-state frustration with the perceived liberal agenda of Wall Street.

Bajaj Finance rallied over five per cent on Friday, June 7, after the non-banking financial company (NBFC) approved the initial public offering (IPO) of its wholly-owned subsidiary Bajaj Housing Finance. The NBFC will offload shares of its housing finance arm, for ₹3,000 crore in the upcoming public issue.“This is to inform you that the Board of Directors of the company at its meeting held today.

The European Union is pushing to bring more transparency to the booming private credit market as regulators worry its rapid growth could threaten the financial system.

Forecasters expect the US employment report for May will add new evidence the labor market is gradually cooling, even as hiring rebounded compared to April.

NATO Secretary General Jens Stoltenberg said Friday that there were «no immediate military threat» against any member of the alliance, after the Kremlin has accused the West of potentially escalating the war in Ukraine.

French President Emmanuel Macron says France will provide Ukraine with its Mirage combat aircraft to be able to defend their country against Russian aggression

Government advisers say it’s time to update the recipe for the COVID-19 vaccines Americans will receive in the fall

The average rate on a 30-year mortgage dipped to just below 7% this week, little relief for prospective homebuyers already facing the challenges of rising housing prices and a relatively limited inventory of homes on the market

The Bank of Canada’s first interest rate cut in over four years on Wednesday will have a “psychological” impact on the Canadian housing market, but will likely not be enough to meaningfully improve affordability, experts say.