Target Financial News

By Rajesh Kumar Singh

sugar mills have reduced from 150 days to 120 days; down by 20% due to stagnant sugarcane production leading to increase in the cost of production for the industry, said Union Minister of Road Transport and Highways. He was speaking at the international conference on sugarcane organised by the Vasantdada Sugar Institute (VSI) at Pune today.

Houthi rebels have rerouted most of the trade normally flowing through the crucial maritime artery for consumer goods and energy supplies, a shift that's delaying shipments and raising transport costs. The impact struck home Friday when electric car maker Tesla said it had to shut down its factory outside Berlin from Jan. 29 to Feb. 11 due to delays in supply chains, and as U.S.-led airstrikes hit what the Navy said were Houthi missile and drone launch sites in Yemen.

Mehbooba Mufti narrowly escaped a road accident, serious security lapses were evident. The management of Local Road Clearances for X Plus protected vehicles during the incident was inadequate, posing a significant security concern," senior PDP leader and former Jammu and Kashmir minister Naeem Akhtar said on X. Two persons, including a security personnel of the PDP chief, were injured on Thursday as Mufti had a narrow escape in a road accident at Sangam in Jammu and Kashmir's Anantnag district.

India's retail inflation hit 4-month high of 5.69% in December In the preceding week concluding on December 29, reserves experienced a noteworthy surge of $2.759 billion, reaching a peak of $623.2 billion, marking the highest point thus far in the fiscal year. The week before that also saw an increase, with reserves climbing by $4.471 billion to $620.441 billion. Notably, in October 2021, the forex reserves had achieved an unprecedented milestone, reaching an all-time high of $645 billion.

₹568 billion which is equivalent to over 10 months of import cover. At present inflation stands at 5 per cent which is albeit high as per the reserve Bank of India's target range, but much lower than what it used to be a decade back, it added.

From their perch on the eastern side of the Red Sea, the Yemen-based rebels pose what could be one of the biggest threats to global shipping and, by extension, the world economy. In recent weeks, the Houthis have launched over two-dozen drone and missile attacks on commercial shipping bound for the Suez Canal, what they say is a response to Israel’s war against Hamas. Major shippers are now diverting vessels south around the Cape of Good Hope, adding some 40 days to voyages in what could be a far more damaging disruption than when the Ever Given cargo carrier got wedged in the canal in 2021.

TD Bank economists don’t envy the job facing the Bank of Canada, calling it “one of the toughest … within the financial industry this year” as the central bank faces pressure to correctly time the first interest rate cut since its historic hiking cycle peaked in July.

Canada’s current immigration policy — among the most open in the world — is now causing economic damage and needs to be reconsidered, according to the country’s top economists.

Kerala Government has proposed to come out with a comprehensive policy on AVGC-XR (Animation, Visual Effects, Gaming and Comics and Extended Reality), a cutting-edge technology domain with immense potential for the state to emerge as a knowledge-based economy. The draft AVGC-XR policy will be put out in the public domain to elicit views and suggestions from the public, including experts, professionals and investors, before it is finalised, the Kerala Startup Mission said in a statement on Friday.

President Vladimir Putin warned on Friday that Moscow would regard any move by Britain to deploy a military contingent to Ukraine as a declaration of war against Russia. Former Russian President Dmitry Medvedev, now deputy chairman of Russia's Security Council, made the comments in response to a visit by British Prime Minister Rishi Sunak to Kyiv to announce an increase in military funding to help Ukraine purchase new military drones. «I hope that our eternal enemies — the arrogant British — understand that deploying an official military contingent to Ukraine would be a declaration of war against our country,» Medvedev wrote on the Telegram messaging app. Medvedev, whose frequent and harsh public statements diplomats say give an indication of hawkish thinking at the top of the Kremlin, also asked how the Western public would feel if Sunak's delegation came under fire from cluster munitions in the centre of Kyiv, something he said had recently happened to Russian civilians in the city of Belgorod. Belgorod, in southern Russia, is located close to the Ukrainian border and has been targeted by Ukrainian rockets and drones in recent months. In the incident referred to by Medvedev on Dec.

British Prime Minister Rishi Sunak said on Friday that the country's joint air strikes with the US against Houthi military targets in Yemen overnight was a «necessary and proportionate action in self-defence.» The US-led strikes are the first against the Houthi militia since it started targeting international shipping in the Red Sea from November 2023. Sunak accused the Iranian-backed group of threatening UK ships as the US Air Force said more than 60 targets at 16 locations used by Houthis in Yemen were struck.

Facebook founder Mark Zuckerberg has claimed that he will produce the best quality beef in the world and he has hooked the cows to beer to achieve this target. The Meta boss believes the alcoholic animals are primed for the slaughterhouse with a few tipples in their system. He has claimed to get some exceptional quality beef cuts by stuffing the cows full of beer and macadamia nuts. Zuckerberg appears to have his Hawaiin ranch stuffed full of cattle who are feasting on a «macadamia meal and drinking beer that we grow and produce here on the ranch.»

Nifty on Friday ended 247 points higher to decisively break out of the 21,500-21,850 range on the upside. As long as the index is trading above 21,750, the breakout texture is likely to continue. Above the same, the market could move up till 22,100-22,200. On the flip side, below 21,750 traders may prefer to exit from the trading long positions. Below which, the index could retest the level of 21,650-21,575, said Amol Athawale of Kotak Securities. Momentum indicator RSI has also provided a buy crossover, further confirming the bullish sentiment in the market. What should traders do? Here’s what analysts said: Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities Nifty exhibited significant strength, securing a notable breakout on the daily chart as it surpassed the key resistance level of 21,800. This bullish move positions the index for potential short-term targets of 22,000 and 22,200. Traders are advised to consider buying opportunities on any dips toward the support level.

Analysts at Wolfe Research said in a note Friday that the Boeing (NYSE:BA) and Spirit AeroSystems (NYSE:SPR) «lows should be set prior» to the return to service of the MAX 9.

I’m changing the way I do the monthly CPI analysis. Doing it live for an audience was always stressful, especially with the inevitable data issues from time to time.

On December 28th, 2023, the well-known American chipmaker NVIDIA presented the GeForce RTX 4090 D to the public for the first time. The debut of this product represents a major step in NVIDIA's product offerings, particularly in light of the recent export limits imposed by the United States towards China. This new chip is designed to meet the special requirements of the Chinese market, combining performance, efficiency, and graphics that are driven by artificial intelligence capabilities.

funding round led by All in Capital and Anicut Capital. Other strategic investors who participated were Suashish Diamonds, JK Group, among other angel investors. Founded in 2022 by Sonaal Goel, Twishaa Gupta, and Kanishka Garg, Salty targets the younger generation. The fresh funds will be used to expand workforce and launch a new product range, it said.

Also Read: Peregrine Mission One faces ‘technical issue’, NASA vows to learn from moon mission Artemis is NASA's multi-billion dollar space program intended to send astronauts to the moon since the last Apollo mission in 1972. NASA's second Artemis mission, has been pushed back a year after the American space agency faced issues with Lockheed Martin-built Orion crew capsule's batteries during vibration tests, reported Reuters citing sources familiar with the matter.

Also read- Budget 2024: Some modifications in personal tax quite possible, Goldman Sachs expect the central government to announce a fiscal deficit target in the range of 5.2 - 5.4% of GDP (with 5.3% of GDP as their base case) in FY25 given their medium term fiscal consolidation target of reaching 4.5% of GDP by FY26. Goldman Sachs in their report answers five key investor questions before the India Union budget for fiscal year 2025 (April 2024-March 2025): 1: Will the government meet the 5.9% of GDP fiscal deficit target in FY24? Goldman Sachs says that the receipts upside of 0.2% of GDP will help the government meet the fiscal deficit target.

new record high of 21,897 points in today's intraday trade, breaking its previous record high of 21,834 points touched on January 01. Today's rally was propelled by robust support from the IT sector. At 01:45 pm, the index traded higher by 231.85 points or 0.98%, at 21,866 points.