Target Financial News

Trump said automobile tariffs are coming soon even as he indicated that not all of his threatened levies would be imposed on April 2 and some countries may get breaks. Potential price hikes, changes in sourcing locations and new U.S. plants are among the actions planned since Trump unveiled the tariffs and threatened potentially more levies. HIGHER PRICES * Best Buy warned of the possibility of higher prices for American shoppers. «The giant wildcard obviously is how the consumers are going to react to the price increases ...,» CFO Matt Bilunas said on a call with analysts.

traffic rules. If success were measured by the number of pending challans, these commercial vehicles would undoubtedly top the charts. These figures came to light as the Delhi Traffic Police considered action against reckless drivers and repeat offenders in the city. It’s not unusual to witness vehicles from cabs to goods carriers racing through traffic, weaving dangerously between lanes, and frustrating other motorists.

technical indicators as it gains momentum. The NSE Nifty 50 Index has risen more than 7% this month. Its 14-day relative strength index — a measure of the magnitude of recent price changes — has taken just 14 sessions to move from oversold to overbought territory, its fastest pace on record. A score below 30 is considered oversold and above 70 overbought.

Godrej Enterprises Group expects sales of its air conditioners to grow 50 per cent in the next fiscal on the back of continued robust demand and its new range of products, including smart ACs, a top company official said on Tuesday. With the early onset of summer, the group expects the overall industry demand for ACs to be strong at around 30-35 per cent growth but not as high as 60 per cent witnessed last year due to a high base, Godrej Enterprises Group, Business Head & EVP, Appliances Business Kamal Nandi told PTI here. The group on Tuesday ramped up its AC portfolio, including a premium range of smart ACs and also announced its foray into the commercial AC segment with Cassette ACs and Tower ACs. «We will be ending this year (FY25), doubling our volumes. We will be closing this year with about 10 per cent market share. This is up from 6.7 lakh to 14 lakh units. We are growing more than 100 per cent against industry growth that will be roughly about 36 per cent,» Nandi said when asked about the group's growth prospects.

«I feel that overall trend is quite bullish. Yesterday we saw that Nifty took out the resistance of 100 and 200 days’ exponential moving average which was placed at 23,400. Now it is expected that the previous resistance will act as a support now. So, 23,400 is a strong base for the market. In case of correction, I believe that Nifty should find support there and bounce back again,» says Vinay Rajani, HDFC Securities. What is the outlook for the markets because till yesterday we had seen six consecutive days of gains. Do you believe that that is all that was there to this up-cycle rally that we have seen or do you believe that the bears are going to once again take charge and that was the end of the rally and now we are once again looking to continue the kind of correction that we were seeing until two weeks ago. Vinay Rajani: So, I do not expect this market to reverse on the downside. There could be a minor profit booking or running correction. But the way it has surpassed the resistances, the way it has behaved in this recent rally, we have seen almost 8% rise, 1900 points rise in the Nifty while Bank Nifty has risen more than 9% and Smallcap Index has risen more than 15%. So, this has been fairly strong rally after a long time. As Ansh mentioned that the RSI of the Nifty reached to 71, that has happened for the first time after September 2024 when Nifty was at all-time high.

Subscribe to enjoy similar stories. PARIS—Two weeks after Russia’s large-scale invasion of Ukraine, French President Emmanuel Macron descended 20 stories beneath Paris to send a message to Moscow. He entered France’s nuclear bunker deep under his regal presidential palace to lead an exercise dubbed Poker.

Bank of Japan policymakers discussed the pace of raising interest rates further after deciding to hike short-term interest rates to the highest in 17 years, minutes of their January meeting showed on Tuesday. «Some members shared the recognition that real interest rates were expected to remain significantly negative even if the BOJ decided to raise the policy interest rate at this meeting, and that accommodative financial conditions would be maintained,» the minutes said.

US Congress on Monday seeking to impose sanctions on Pakistan's Army chief, General Asim Munir, for his alleged role in persecuting political opponents, including former Pakistan Prime Minister Imran Khan, The Hill reported. The legislation, titled the "Pakistan Democracy Act," was introduced by Reps. Joe Wilson (R-S.C.) and Jimmy Panetta (D-Calif.) and calls for targeted sanctions under the Global Magnitsky Human Rights Accountability Act. The bill mandates that within 180 days, the US government identify individuals involved in political persecution in Pakistan and impose penalties, including visa bans and restrictions on entry into the United States.

bilateral trade agreement, people familiar with the matter said. Brendan Lynch, US assistant trade representative for South and Central Asia, and a team of officials will visit India from March 25-29 as part of ongoing trade discussions, the US embassy in New Delhi said in a statement Monday. Officials in New Delhi are expected to make the case for a reprieve from reciprocal tariffs, which are scheduled to take effect on April 2, people familiar with the matter said, asking not to be identified because the discussions are private. The two sides are expected to discuss a framework for a bilateral trade deal, after which formal negotiations would start, they said. Aside from trade officials, Lynch is also likely to meet Vikram Misri, India’s foreign secretary, during the visit, one of the people said. “We look forward to productive and constructive discussions with the incoming US delegation to expand and deepen our bilateral trade and economic ties in a mutually beneficial manner,” India’s Ministry of Commerce and Industry said in a statement.

Donald Trump at the White House on Monday. The investment includes a new $5.8 billion Hyundai Steel plant in Louisiana that will produce over 2.7 million metric tons of steel annually, creating more than 1,400 jobs. The steel plant is expected to supply steel to auto plants in Alabama and Georgia. Of the total, Hyundai also plans to invest $9 billion by 2028 to boost U.S. production capacity to 1.2 million vehicles in the United States and $6 billion to expand strategic partnerships with U.S. companies in autonomous driving, robotics, artificial intelligence, and advanced air mobility, the company said. Hyundai Motor plans to hold an opening ceremony for its new $7.59 billion car and battery factory in Georgia on Wednesday. The automaker has a factory in Alabama, while its affiliate Kia has a plant in Georgia. The two older plants can produce 700,000 vehicles a year and the new Georgia plant will have a 300,000-vehicle production capacity when fully operational. Louisiana Governor Jeff Landry had travelled to South Korea in October and met with Hyundai to discuss the investment plan.

U.S. appeals court judge said on Monday that Nazis were given more rights to contest their removal from the United States during World War Two than Venezuelan migrants deported by the Trump administration. In a contentious hearing, U.S. Circuit Judge Patricia Millett questioned government lawyer Drew Ensign on whether Venezuelans targeted for removal under a little-used 18th-century law had time to contest the Trump administration's assertion that they were members of the Tren de Aragua gang before they were put on planes and deported to El Salvador. «Nazis got better treatment under the Alien Enemies Act than has happened here,» Millett said, to which Ensign responded, «We certainly dispute the Nazi analogy.» Prior to the Trump administration's invocation of the 1798 Alien Enemies Act, the law had been used three times in U.S. history, most recently to intern and remove Japanese, German and Italian immigrants during World War Two. The Trump administration was asking the appeals court to halt Washington-based U.S. District Judge James Boasberg's two-week ban, imposed on March 15, on the use of the law to justify deportation of alleged Tren de Aragua members without final removal orders from immigration judges.

Jewellery stocks have gained traction over the past week after failing to earn returns in the previous three months. The stocks were under pressure on account of concerns over rising gold prices which may affect demand. However, companies expect to maintain the growth momentum in the March quarter as high prices are likely to support the top-line growth amid slower volume growth. Store expansion and rising average transaction values are key growth drivers for the sector. Listed jewellery companies including Titan Company, Kalyan Jewellers, PN Gadgil Jewellers, Thangamayil Jewellery, and Senco Gold have gained 2-20% over the past week compared with 4-40% drop over a three-month period. Fluctuating gold prices continue to be a double-edged sword for jewellery retailers. While higher prices boost revenue, they also impact affordability leading to softer volume growth. However, demand, among other factors, also depends on seasonal factors such as weddings and festivals.

Jeffrey Goldberg revealed that he was inadvertently included in a Signal messaging group wherein discussion of US military strikes on Yemen’s Houthi rebels was underway. The messages, Goldberg said, were exchanged between top officials of the Trump administration and outlined the plans for March 15 attacks. Goldberg detailed the incident in an article titled The Trump Administration Accidentally Texted Me Its War Plans. In the report, published on Monday, he disclosed that National Security Adviser Mike Waltz invited him to join a Signal group named Houthi PC small group on March 13—just two days before the strikes took place. As per the report in The Atlantic, initially skeptical, Goldberg suspected that the group was part of a disinformation campaign. He stated that he had strong doubts about the legitimacy of the texts in the group because he could not believe that national security leadership of the US would communicate on Signal about imminent war plans. However, the journalist was soon convinced of its authenticity. He saw real-time discussions involving senior officials of the Trump administration, including Vice President JD Vance and Defence Secretary Pete Hegseth.

India-US Bilateral Trade Agreement (BTA) will primarily focus on duty concessions on goods and New Delhi is hopeful of the pact bringing predictability in tariffs, regulations and investment climate, officials said on Monday. Assistant US Trade Representative for South and Central Asia Brendan Lynch is in New Delhi starting Tuesday for three days of negotiations on the proposed trade deal. His visit comes ahead of the April 2 deadline for likely imposition of reciprocal tariffs on all countries, including India, by the Trump administration. The proposed India-US trade pact is likely to be finalised in two tranches with the first phase expected to focus on issues concerning bilateral goods trade, though full clarity on the issue will emerge by the end of this week, the officials said. They added that both sides are expected to finalise the contours, schedule of negotiations, and terms of reference of the proposed BTA during Lynch's visit. The first tranche of the deal is targeted for completion by Fall of 2025. India said it is looking forward to «productive and constructive discussions» with the incoming US delegation to «expand and deepen our bilateral trade and economic ties in a mutually beneficial manner».

female labour force participation in India is expected to submit its report this week, laying out a blueprint for the government and the private sector to hire more women. The roadmap will have multi-dimensional recommendations focussing on targeted interventions to incentivise hiring of women, enable creation of adequate support infrastructure, enhance flexible work policies and put greater emphasis on skilling of women to prepare them for high-skill jobs, a senior government official told ET. The government intends to enhance female labour force participation in the country to 70% by 2047 as against 41.7% in 2023-24. «Achieving the 70% workforce participation target by 2047 will require sustained efforts across multiple dimensions, such as strengthening childcare support, enhancing flexible work policies… and encouraging private sector diversity hiring through policy nudges,» the official said.

Lok Sabha could not take up any business in the first half of Monday as the House adjourned twice over the BJP's protest against Karnataka deputy chief minister DK Shivakumar's reported statement about considering change in the Constitution to accommodate religion-based reservation. Accusing the Congress leadership of indulging in communal politics and trying to undo the constitutional position against religion-based reservation, Parliamentary and Minority Affairs Minister Kiran Rijiju demanded the sacking of Shivakumar by referring to him as a «Congress leader holding a constitutional post» and asked the Congress leadership whether it stood by BR Ambedkar and Constitution's opposition to the religion-based reservation. As soon as the House commenced at 11am, the BJP MPs rose in protest over the issue and the Speaker adjourned the Lok Sabha till noon.

comedian Kunal Kamra amid the controversy surrounding his remarks. Addressing the media at Parliament, Bachchan raised concerns about the increasing restrictions on freedom of expression in the country.

Subscribe to enjoy similar stories. Scientists at the United Kingdom’s Oxford Drug Discovery Institute can speed up the work of digging through journals and databases by nearly ten times.

Devendra Fadnavis has taken a strong stand on the alleged disparaging remarks made by stand-up artist Kunal Kamra against the state deputy CM Eknath Shinde. The Chief Minister while speaking in the state Assembly on Monday stated that the government would not accept freedom of expression if it leads to tyranny. The chief minister said, «We appreciate humour and satire. We accept political satire, but we do not accept freedom of expression if it leads to tyranny.» He stated that Kamra staged «low-quality» comedy. «This artist makes statements against the Prime Minister, the Chief Justice; he wants to gain fame by creating controversy. He targeted Eknath Shinde and staged low-quality comedy,» adding that the people will decide whether Eknath Shinde is a traitor or a selfish person. Further referring to Eknath Shinde as the heir to Balasaheb Thackeray's legacy, he questioned the opposition, asking whether they had given a «supari» for the stand-up show. «Balasaheb Thackeray's legacy is with Eknath Shinde… and those on the opposite bench support him, have you given a supari? This Kamra tweeted a photo of the Constitution; if he had read the Constitution, he would not have committed such atrocities,» he added.