Target Financial News

Adani Green Energy Ltd. has executed a power purchase agreement with Solar Energy Corporation of India to supply 1,799 MW of solar power, the company said in an exchange filing on Monday. With this, Adani Green has completed the power offtake tie-up for the entire 8,000 MW manufacturing-linked solar tender it was awarded in June 2020. «AGEL has progressed on the commitments of the SECI manufacturing-linked solar PV tender, including setting up 2 GW of PV cell and module manufacturing facilities,» the company said adding that AGEL has already commissioned a solar PV cell and module manufacturing plant with a capacity of 2 GW per annum through its associate company Mundra Solar Energy Ltd (MSEL). The plant is located at Mundra, Gujarat.

By Nidal al-Mughrabi, Bassam Masoud and Dan Williams

Also Read: Murugappa family settles disputes and differences with Valli Arunachalam, withdraw legal proceedings Among group stocks, Wendt India has emerged as the top performer, with a return of over 80%. The company is a leading manufacturer of super abrasives, machining tools, and precision components. In the current year so far, the stock has soared from ₹7,570 apiece to ₹13,921, resulting in a gain of 84%.

As major economies of the world grappled with recession, Indian economy witnessed significant growth across sectors on the back of strong fundamentals, robust demand, and government-led investments. As per IMF’s World Economic Outlook Report in October 2023, Indian economy expanded by 7.2% in FY23, the highest amongst major economies of the world. Following the same trend, it is anticipated to grow by 6.3% in FY24 compared to 3% growth in the world economy. As a result, the real estate sector, which contributes significantly to India’s GDP and registered heightened real estate activities during the current year, is expected to maintain its growth momentum in 2024 as well.

businesses, payments and API banking company Cashfree Payments has launched a self-hosted payments orchestration platform, FlowWise. The platform’s self-hosting feature claims to eliminate safety concerns, making it a secure solution for merchants. Akash Sinha, Co-founder & CEO, Cashfree Payments, says FlowWise is a single-point payments management solution for India’s digital-first businesses.

Big ticket privatisation plans such as that of Bharat Petroleum Corporation Ltd (BPCL), Shipping Corporation of India (SCI) and CONCOR are already on the backburner and analysts feel meaningful privatisation can happen only after April/May general elections. In the current fiscal, out of the budgeted amount of Rs 51,000 crore, about 20 per cent or Rs 10,049 crore has been collected through minority stake sales via IPO (Initial Public Offering) and OFS (Offer For Sale).

Red Sea with the help of a new security initiative, the world’s largest shipping firm has announced.Maersk said in a press release Sunday that it has received confirmation that U.S.-led Operation Prosperity Guardian (OPG) has been set up and deployed, allowing commerce to safely pass through the Red Sea using the Suez Canal as a gateway between Asia and Europe.“This is most welcome news for the entire industry and indeed the functionality of global trade,” Maersk said in the release.U.S. defence secretary Lloyd Austin announced the multi-national security initiative earlier this month, saying in a release that OPG is necessary to tackle the “recent escalation in reckless Houthi attacks originating from Yemen.”The operation is meant to protect commercial vessels traversing the Red Sea amid escalating missile and drone attacks by Iran-backed Houthi rebels in Yemen that have threatened global trade.A Canadian government official told Global News last week that Canada will be deploying “a handful of personnel” to the region “in the coming days” as part of the mission.The Iran-backed Houthis have targeted Israeli-linked vessels since Israel began its military response to Hamas’ brutal attacks on Oct.

By Leika Kihara

IRCTC share price: After ushering in financial year 2023-24, Indian Railway Catering and Tourism Corporation (IRCTC) shares have been in continuous uptrend. IRCTC share price bottomed out at around ₹560 apiece levels at the end of March 2023 and since then it has remained an ideal buy on dips stock for Indian stock market investors. Last week, IRCTC share price touched 52-week high on two straight sessions on Monday and Tuesday.

2024 Lok Sabha elections. The party which was unable to repeat its government in Karnataka, was able to wrest power from Congress in Rajasthan and Chhattisgarh and comprehensively retain power in Madhya Pradesh. BJP deployed its 'Modi ki Guarantee' tactic which ensured a sweep in Hindi Heartland states.

Are ripples of hostility from the Gaza War reaching Indian shores? Over the weekend, an oil tanker with 25 Indians on board—all confirmed safe—was struck by a drone in the Red Sea, according to the US, which is patrolling this trade route being disrupted by Yemen’s Iran-sponsored Houthi militia. Hours earlier, a Mangalore-bound ship suffered a drone attack off the coast of Gujarat, making India rush armed forces to its defence.

Pope Francis lamented the war in the Holy Land where Palestinian health officials said airstrikes killed at least 78 people on Christmas Eve in one of the Gaza Strip's deadliest nights in Israel's 11-week-old battle with Hamas. Israeli strikes that began hours before midnight persisted into Christmas Day on Monday. Local residents and Palestinian media said Israel stepped up air and ground shelling against al-Bureij in central Gaza. At least 70 people were killed in an Israeli airstrike targeting Maghazi in central Gaza, health ministry spokesperson Ashraf Al-Qidra said, adding that many were women and children. The Israeli army said it was reviewing the report of a Maghazi incident and was committed to minimising harm to civilians.

Hamas captivity were recovered from an underground tunnel network in the northern Gaza Strip, the military said on Sunday, showing footage of a white-tiled bathroom and work room linked by dark concrete-lined passages. The publication left open the question of how they had died, with chief military spokesperson Rear Admiral Daniel Hagari saying post-mortems were pending. «We will brief the families and then, depending on what they approve, the public,» he said.

Twitter, in which workers claim that the company promised but never paid millions of dollars in bonuses. In June, Mark Schobinger, a former senior director of compensation for Twitter who lives in Texas, sued the company, claiming breach of contract under California law. The company has its headquarters in San Francisco.

Israeli Prime Minister Benjamin Netanyahu on Sunday conveyed a Christmas message to the global Christian community, emphasizing that Israel still grapples with the absence of lasting peace. Here are the top ten updates on the Israel-Gaza war: 1. “To our Christian friends around the world, Merry Christmas," Netanyahu said, adding, “Christmas is supposed to be a time of goodwill to all men and peace on Earth.

Amit Sareen is saving for his children’s education and retirement. Here’s what the doctor advises: PORTFOLIO CHECK-UP

active cases rose to 3,742, according to the latest government data. A new strain "JN.1", classified as a "variant of interest" by the World Health Organization (WHO) last week, has been detected in India.

NEW DELHI : The price stabilization fund (PSF), established to build buffer stocks of farm commodities to help contain sudden rise in food prices, may get additional allocations in the 2024-25 and 2025-26 budgets of ₹1,500 crore each. The department of consumer affairs (DoCA) has placed a proposal for the allocations before the expenditure finance committee (EFC), government officials aware of the matter said.

Lok Sabha elections around the corner, Union home minister Amit Shah will be in action with a special focus on crucial states for the party. As part of the Lok Sabha preparations, Shah will visit West Bengal on December 26 and Telangana on December 28. In both states, he will not hold any public meetings. His visit is purely to devote time to the organisation taking stock of the party's preparedness for the polls.

We lost Twitter and got X

NEW DELHI : The Indian Railways will invest at least ₹7 trillion over the next decade to lay a record 50,000 kilometres (km) of new train tracks to modernize its network and boost train speeds, a top railway ministry official said. Encouraged by significant progress in laying new lines over the past couple of years, Railways now wants to go into mission mode to improve connectivity with modern tracks that can handle higher speed trains such as Vande Bharat, the official said on the condition of anonymity. Laying new tracks will be part of a new Vision 2047 document for the national transporter, under which it expects to add 100,000 km of new alignments, including some replacements, doubling and gauge conversion works over the next 25 years costing ₹15-20 trillion.