Target Financial News

Sharm El-Sheikh, India has been silent on the question on phasing out or down of fossil fuels at COP28. Despite its aggressive renewable energy targets and its role in the adoption of the G20 commitment to triple renewable energy capacity, India has so far maintained a studied silence on the issue of fossil fuels at the ongoing UN Climate Conference in Dubai. At COP27 in Sharm El-Sheikh last year, India had proposed inclusion of clear language on phasing down all fossil fuels, not just coal, as agreed at the Glasgow meet. Though the proposal failed to make the final cut, it gained the support of at least 80 countries and the European Union. This tentative alliance between India, the EU, and small island states was viewed by some observers as a new approach that was ambitious while being rooted in equity. The proposal had not found support from India's traditional negotiating partners such as China and Saudi Arabia. Now, at Friday's plenary marking the start of the second week of negotiations in Dubai, India did not address the issue in its intervention. Instead, it extended support for the position taken by the 43-member Like-minded Developing Countries (LMDC) group that includes China, Saudi Arabia, Bolivia, and Egypt, among others.

2024 Lok Sabha elections and for the party, the assembly polls that just ended were a trial run that went as per its plans. The party is scaling up the strategy it employed successfully in the three states — Madhya Pradesh, Rajasthan and Chhattisgarh — where tough contests were predicted but the verdicts were one-sided in favour of the BJP. It has already started working on mass-scale worker and voter mobilisation across the country, to be completed before the campaign formally starts for the Lok Sabha polls, according to party insiders.

This is the story of a well-intentioned Manitoba employer whose instincts failed it at every turn. It took a promising defence and, through a series of common errors, ensured that it could not succeed.

The Office of the Superintendent of Financial Institutions has maintained the additional capital bufferthe country’s biggest banks must hold at 3.5 per cent, a decision that some analysts say will cheer bank investors as an increase was expected. 

Amazon.com Inc. sued what it called an international ring of thieves who swiped millions of dollars in merchandise from the company through a series of refund scams that included buying products on Amazon and seeking refunds without returning the goods.

Gandhinagar: India is aiming to achieve the $2 trillion export target by 2030 and in the process it is moving this industry out of the government support to make it self-sustaining and cost competitive, Union minister Piyush Goyal said on Saturday. Addressing Infinity Forum 2.0 virtually at Gujarat Finance Tec-City (GIFT City), he said the International Financial Services Centre (IFSC) at GIFT City has become a lynchpin in propelling India's export-led growth.

desired outcomes such as localisation of medical technologies, bulk drugs, electronics, and specialty steel among others, top government officials said Saturday. Addressing a session during 96th Annual Convention of the Federation of Indian Chambers of Commerce & Industry (FICCI), IT secretary, S Krishnan also said that the Digital Personal Data Protection (DPDP) rules will be ready in a few weeks. “The DPDP Act balances the need for regulation, and personal data being secure against the need for innovation.

DUBAI—Fossil-fuel producers are fighting an existential battle here in the final stretch of the United Nations climate conference against countries that want to end the burning of coal, oil and natural gas. Europe and a handful of nations on the front lines of climate change are demanding that a final agreement at the conference, known as COP28, include a phase out of fossil fuels.

India's 'biggest' IT raids has raised political temperature as the BJP has launched an attack against the Congress MP Dhiraj Sahu. The Rajya Sabha MP also came under the IT department's scanner in the matter. So far, the agency has recovered around ₹290 crore of black money from the raid and the number is bound to rise as the counting of cash continues on Saturday.

Narendra Modi. "PM Modi has set the target, that India would be No1 country by 2047 in all the sectors across the world," Amit Shah said while addressing the valedictory session of the Uttarakhand Global Investors Summit on Saturday. He was quoted by PTI as saying, "The world is looking to India with hope today.

OPEC drew flak after it allegedly urged its group members to block any phase-out or phase-down in the final deal, Reuters and the Associated Press reported. According to reports, OPEC Secretary General Haitham Al Ghais sent a letter to the group's 13 members and 10 Russian-led allies on Wednesday. In the letter, Ghais urged the group to "proactively reject any text or formula that targets energy i.e.

Soni Patnaik of JM Financial Services says since Bank Nifty is about to lead the next leg of the rally, my top pick comes out to be ICICI Bank. “So ICICI Bank is on the cusp of giving that monthly breakout,” she told ET NOW in an interview. Edited excerpts: Nifty scaled 21,000 this week but will this runup continue? And not just Nifty, let us talk about Nifty Bank as well given the fact that a lot of policy actions also kind of make this particular sector jittery. The broader outlook for Nifty continues to be bullish. There is a bullish undertone.

climate justice must be the basis of climate action and this can be ensured only when the developed countries take the lead in combating climate change, Environment Minister Bhupendra Yadav said here at the COP28 on Saturday. Delivering the country's national statement here at the high-level segment at the annual climate conference, Yadav also highlighted India's contribution, noting that New Delhi reduced its GDP emission intensity by 33 per cent between 2005 and 2019, achieving the target 11 years in advance.

Pakistan has acknowledged that some of the political dissidents, who have sought asylum in the United Kingdom and other countries, had links with terrorist entities inside the country. Foreign Office spokesperson Mumtaz Zehra Baloch made the statement during her weekly media briefing here on Thursday while responding to a question on the alleged acid attack on jailed prime minister Imran Khan's aide. The Pakistan Tehreek-e-Insaf leader and former special assistant to the prime minister, Mirza Shahzad Akbar, last week claimed that he was attacked at his home in the UK, adding that «acidic liquid» was thrown at him.

Global Day of Action" with events at United Nations-led talks in Dubai and around the world. If activists needed any additional energy, they may have gotten it with reports that OPEC's chief had urged its oil-producing members to reject any agreement that targets fossil fuels for a speedy phase-out. It's the central issue as talks head into their final days, as activists and experts have warned that the world must quickly reduce use of the oil, gas and coal that is causing dangerous warming. Mohamed Adow, director of Power Shift Africa, called the Dec.

Narendra Modi government's stance against corruption. Parliamentary Affairs Minister Pralhad Joshi, who moved a motion to expel the firebrand TMC MP, dismissed the idea of the expulsion being a gender issue. It was rather about ethical questions surrounding Moitra's acceptance of gifts, he said.

Tata Motors subsidiary, Tata Passenger Electric Mobility Ltd. (TPEM), signed a Memorandum of understanding (MoU) with Bharat Petroleum Corporation Limited (BPCL) to install 7000 Electric Vehicle (EV) charging points across India by 2024 on December 8, 2023. The location of these EV charging points is going to be determined by using the insights collected from over 1.15 lakh Tata EV users on Indian roads and BPCL's fuel station network.

The European Union on Friday agreed to landmark rules for artificial intelligence, in what's likely to become the first major regulation governing the emerging technology in the western world.

Gaza, giving Arab leaders more time to try to persuade the US to let it pass. Top diplomats from countries including Egypt, Qatar and Jordan were set to meet with Secretary of State Antony Blinken in Washington later Friday amid a push for the US to abstain from voting. Given the US's status as a veto-wielding permanent member of the council, a no vote would kill the resolution.

A hacker who targeted the Uranium Finance DeFi platform in 2021 may have attempted to launder their stolen crypto gains by using “Magic: The Gathering” trading cards.

Bank of India (RBI) on Friday said the Indian economy may expand 7% in the current fiscal year against its previous projection of 6.5%, taking comfort from rising rural consumption, increasing capital expenditure, and a slew of high-frequency indicators. Still, it does not expect inflation to cross its estimate of 5.4%, even as growth kicks into high gear in the world’s fifth-largest economy.