Target Financial News

Also Read: US Fed keeps benchmark rates steady at 23-year high-mark, projects 3 rate cuts in 2024: 5 key highlights The study investigates the impact of pandemic-induced fiscal expansions on inflation in select advanced economies (AEs) and emerging market economies (EMEs), controlling for supply-side factors. The empirical analysis suggests that countries with larger fiscal stimulus, on average, experienced higher post-pandemic inflation.

Crypto exchange Kraken launched a crypto custody service in the US targeted at institutional clients on Wednesday.

Israel is determined to launch a ground offensive against Hamas in Rafah, Gaza's southernmost city, a plan that has raised global alarm because of the potential for harm to the hundreds of thousands of civilians sheltering there. Prime Minister Benjamin Netanyahu says Israel can't achieve its goal of «total victory» against Hamas without going into Rafah. Israel has approved military plans for its offensive. But with 1.4 million Palestinians jammed into the city, Israel's allies, including the U.S., have demanded greater care for civilians in its anticipated incursion.

Badaun double murder case, Uttar Pradesh Police today arrested Javed, the second accused, from Bareilly on Thursday. As per reports, Javed surrendered before the police. Javed had been evading law enforcement since the tragic incident on Tuesday evening, where two children lost their lives. His brother, Sajid, identified as the primary suspect, faced fatal consequences as he was confronted by the police in an encounter merely two hours after the crime occurred. Confirming the arrest, IG Bareilly range R K Singh stated, «Javed was arrested on Thursday.» In a video recorded subsequent to his arrest, Javed expressed, «I ran straight to Delhi after the incident, and from there, I have come to Bareilly to surrender. I have received phone calls from people about what my brother did.» He maintained that he had no knowledge of his brother's motives behind the heinous act and asserted that he fled out of concern for his own safety.

Rahul Gandhi were also present at the press conference held at the Congress party headquarters in New Delhi. Kharge accused BJP of monopolising the poll resources while trying its best to prevent Congress party from contesting elections by targeting it financially.

BSE shares spiked as much as 7.95% to a high of ₹2,194.95 apiece on the NSE. Investec upgraded its rating for BSE shares to “Buy" and assigned a target price of ₹2,800 per share, implying an upside potential of nearly 38% from Wednesday’s closing price, CNBC-TV18 reported. The stock exchange BSE continues to witness strong traction in equity derivatives volumes and its options market share has jumped 3x on a quarter-on-quarter (QoQ) basis from 4.2% to over 15% in March, Investec noted while anticipating further market share gains given the rapid scale-up of the BANKEX product.

IRB Infrastructure Developers share price jumped nearly 10% on Thursday's trading session following an upgrade to 'Add' from 'Sell' and an increase in the target price to ₹65 from ₹60 by domestic brokerage Kotak Institutional Equities. The increase in the target price was attributed to modifications made to the brokerage's traffic estimate for Private InvIT assets.

₹66,778 per 10 grams. In the international market, spot gold prices rose above $2,200 per ounce levels. Gold loan companies like Muthoot Finance and Manappuram Finance tend to benefit from the increase in gold prices as the value of the collateral held by these companies rises.

Also Read: Gold rate today hits new peak of ₹66,778 after US Fed meeting. Should you buy in current gold price rally? The Federal Reserve is presently holding interest rates at their highest level in more than twenty years, with the aim of gradually restoring inflation to the targeted 2% rate over the long haul.

Bharatiya Janata Party (BJP) member of parliament (MP) Varun Gandhi from the Pilibhit seat in Uttar Pradesh, which he represents. Pilibhit, along with seven other seats in Uttar Pradesh, will go to the polls on April 19 in the first phase of the Lok Sabha 2024 elections, for which the filing of nominations started on March 20. For quite some time now, speculation has been rife that Varun may not be fielded by the BJP in 2024 because he attacked some of his party’s policies over the past few years.

Stock market today: After a sharp sell-off on Tuesday, the Indian stock market shifted into the base-building mode on Wednesday. Two out of three benchmark indices ended higher while the broad market indices ended flat even as the advance-decline ratio rose to 0.75:1.

BEIJING (Reuters) — The deputy governor of China's central bank said on Thursday there is ample monetary policy room to deliver further cuts to banks' reserve requirement ratio (RRR), underlining market expectations for more easing measures to bolster the economy.

Investing.com-- Most Asian stocks rallied on Thursday, with Japan’s Nikkei 225 hitting a record high after the Federal Reserve kept interest rates steady and said it was still considering at least three rate cuts in 2024.

small-cap stocks in recent weeks has soured sentiment in this space but some of these shares may still be holding some promise. At least 60 stocks have the potential to rise between 25% and 60% based on analysts’ consensus estimates available on Bloomberg. These companies are tracked by at least 10 analysts. Ujjivan Bank, Bandhan Bank, PSP Projects, Vedant Fashions, PNB Housing Finance, Prince Pipes & Fittings, Transport Corp, Greenpanel Industries, Galaxy Surfactants, and Somany Ceramics, could return at least 25%, according to average price targets on Bloomberg.

WASHINGTON — Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended:

The Czech Republic's central bank has cut its key interest rate for a third straight time amid falling inflation and an effort to help the economy

The Bitcoin (BTC) bull run has clear skies above following the Federal Open Markets Committee (FOMC) interest rate decision on Wednesday.

Mark Holland, delivered a powerful message on Wednesday to tobacco companies attempting to market nicotine pouches to children: “Stay the hell away from our kids.”Speaking to reporters in Ottawa, Holland argued that flavoured nicotine pouches are attracting young Canadians into a dangerous addiction and emphasized the need for stringent regulations to protect the youth from the harmful effects of tobacco products.“I am seeking authority to restrict products so they are solely for the purposes of cessation,” he said. “We shouldn’t see flavours that are targeting kids, flavours like ‘Winter Berry Splash.’ We all see through it, we all what the intention is, and it’s over.“Whatever dark corner the tobacco industry crawls and creeps into to go after our children, whatever loophole they think they can find, they will meet me like an iron wall.”Nicotine pouches, positioned between the upper lip and gum, resemble Swedish-style snus but lack the tobacco leaf.

By Michael S. Derby

Zomato's founder, Deepinder Goyal. He's been on a roll lately — whether for his stint on Shark Tank India Season 3 or for purchasing India's first Aston Martin DB12 supercar.

Federal Reserve officials didn’t significantly change their outlook for delivering interest rate cuts later this year despite solid growth and firmer-than-anticipated inflation in recent months. Most officials penciled in three rate cuts this year in new projections, the same as in December. The central bank held steady its benchmark federal-funds rate in a range between 5.25% and 5.5%, a 23-year high.