Target Financial News

Odesa has left at least five individuals dead and more than 30 wounded, as confirmed by Ukrainian authorities, CNN reported. A video footage, released by Ukraine's Prosecutor General, captures the harrowing moment when numerous bomblets erupted in quick succession near the seafront, unleashing chaos and devastation.

Federal Reserve officials are poised to keep interest rates steady for a sixth consecutive meeting and signal no plans for cuts in the near future after higher-than-expected inflation. The Federal Open Market Committee will hold the target range for its benchmark rate at 5.25% to 5.5% — a two-decade high first reached in July — at the conclusion of its two-day policy meeting Wednesday. The rate decision, and possibly an announcement on the pace of its balance-sheet reduction program, will be released at 2 p.m. in Washington. Chair Jerome Powell will hold a press conference 30 minutes later.

Sensex ended 188.50 points, or 0.25%, lower at 74,482.78, while the Nifty 50 settled 38.55 points, or 0.17%, lower at 22,604.85. Investors now watch out for the US Federal Reserve meeting outcome for further clues on interest rate cuts. The Indian stock market is closed on Wednesday, May 1, on account of Maharashtra Day.

Stocks to buy or sell: Following a pause in the global market gains on Tuesday with traders cautious ahead of the release of key European inflation and growth data, the frontline indices of the Indian stock market erased all the intraday gains in the last hour of trade and ended in the negative zone. The Nifty 50 index finished 38 points lower after climbing to a new peak of 22,783 whereas the BSE Sensex ended 188 points lower after inching close to its existing lifetime high of 75,124. The Bank Nifty index closed 27 points south after hitting a new high of 49,974 during Tuesday deals.

Mallikarjun Kharge has expressed confidence that his party would win a majority in the ongoing Lok Sabha election. That is precisely why, Kharge said, Prime Minister Narendra Modi was talking about ‘mangalsutra and Muslims’ in his election speeches. “We are going to win a majority in this election.

Dozens of Google workers who were fired after internal protests surrounding a lucrative contract that the internet company has with the Israeli government have filed a complaint with labor regulators in an attempt to get their jobs back

It’s never fun to be scammed, but if you’re a small business owner then falling for a scam can have long-lasting effects on a business, damaging client relationships and profit

The Federal Trade Commission is challenging patents on 20 brand name drugs, including the blockbuster weight-loss injection Ozempic

A Portuguese-flagged container ship has come under attack by a drone in the far reaches of the Arabian Sea

The article goes to great lengths to explain why the central incidents — involving the alleged assassination attempt of a Khalistan advocate in the US and murder of another in Canada — did not lead to public censure of India by the US. That India today is geopolitically and commercially important to the US, and like Saudi Arabia, it got a free pass from the Americans because they are, at least at present, playing on the same team. Where the article loses me, however, is in its linking the issue of extrajudicial killings with what it sees as the rise of 'deepening authoritarianism' in India. Killing dissidents, activists and journalists on foreign soil is chilling. And jailing them in a constitutionally democratic country is, indeed, a sign of creeping authoritarianism. But surgically targeting those deemed a credible threat to national security is what the US and its allies have been doing for decades.

InfraMantra, one of the leading PropTech advisory firms in India, has exceeded its sales target of Rs 1000 crore for the fiscal year 2024 and has set a more ambitious target of Rs 2000 crore for FY2024-25.

The private equity industry is set for a rebound in 2024 and investors are ready to increase their allocations to the assets, according to new research.

Walmart is launching its biggest store-label food brand in 20 years in terms of the breadth of items

Pay and benefits for America’s workers grew more quickly in the first three months of this year, a trend that could contribute to higher inflation and raise concerns about the future path of price increases at the Federal Reserve

Energy and environment ministers of the Group of Seven leading industrialized nations have committed to phase out coal power by 2035

Apple has hired 36 specialists from Google, following the recruitment of John Giannandrea, Google's former head of AI, as Apple's top AI executive. Additionally, the Zurich lab has attracted notable AI experts, including ex-Google employees like Bengio and Ruoming Pang, adds the report. Apple's primary AI development centers are located in California and Seattle, but the Zurich lab reportedly represents the company's increased commitment to AI.

The Federal Trade Commission is challenging hundreds of pharmaceutical patent listings in an effort to smooth the path to more affordable alternatives to brand-name drugs—including blockbusters such as Ozempic and Victoza. The crackdown is the latest assault against what the agency regards as drugmakers’ patent ploys intended to stall generic competition. At issue is what is called the Orange Book, a document published by the Food and Drug Administration that lists patents relevant to brand-name pharmaceuticals.

Samajik Nyay Navlok Party and the Gondwana Gantantra Party on Tuesday announced their support to the BJP, the party's Uttar Pradesh unit said. In a statement, the BJP said the two parties declared their support in the presence of state BJP chief Bhupendra Singh Chaudhary and state Jal Shakti Minister Swatantra Dev Singh. They took this decision as they are impressed by Prime Minister Narendra Modi's policies of service, good governance and welfare for the poor, it said. Samajik Nyay Navlok Party national president Lekhraj Singh and Gondwana Gantantra Party state president Ramnath Gond along with officials of their parties handed over letters of support to the BJP leaders.

Amethi and Rae Bareli Lok Sabha seats mounted on Tuesday, even as three days remain for the filing of nominations for the two seats considered as traditional pocket boroughs of Gandhi-Nehru family. Amid speculation that Rahul Gandhi and Priyanka Gandhi Vadra would be fielded from the two constituencies, the Congress workers in Amethi on Tuesday held a sit-in, demanding that the party names a member of the Gandhi family as its candidate from the Amethi Lok Sabha constituency. Sources said Priyanka Gandhi Vadra is keen to contest from the Rae Bareli seat and her candidature is likely to be announced soon, once the party leadership takes a final call on the seat. Rahul Gandhi is yet to finalise his candidature on his second seat of Amethi and the leadership is likely to announce his name soon.

An ancient Chinese proverb that counsels “do nothing, and everything will be done" could sum up the Federal Reserve’s latest approach to interest-rate policy. Fed officials will hold their benchmark federal-funds rate steady at its highest level in more than two decades, around 5.3%, at their two-day policy meeting that begins Tuesday. Firmer-than-anticipated inflation in the first three months of the year has likely postponed rate cuts for the foreseeable future.

₹99 ticket price for all showings of the sports drama Maidaan, while many independent cinema owners are considering general price reductions to entice their target audience. Initiatives are also in the works to make low-cost cinemas equipped with basic amenities. Some theatres plan to continue offering discounts on specific films in partnership with producers.