Target Financial News

US Federal Reserve officials at their latest policy meeting agreed to “proceed carefully" and only raise interest rates if progress in controlling inflation faltered. The minutes of the October 31 - November 1 Federal Open Market Committee (FOMC) meeting release on Tuesday showed that the committee was emphasizing on how higher interest rates were starting to squeeze households and businesses.

A new private equity firm backed by former Pinnacle executives is raising up to $200 million to buy up minority stakes in asset managers it hopes will emulate the lucrative returns of the founders’ previous employee.

wealth creator for late billionaire investor Rakesh Jhunjhunwala, Titan, on Tuesday crossed ₹3 lakh crore in market value in a glittering testimony to the local consumer's swift ascent along the luxury gradient. In achieving this milestone, the one-time horologist became only the second company from the Tata Group to cross a valuation threshold earlier breached by Tata Consultancy Services (TCS). Titan is also the second company in the retail sector, after DMart's parent Avenue Supermart, to surpass this benchmark. The stock, which has witnessed a 26% surge in the past six months while overshadowing the 9% gain for the Nifty, is poised to sustain its upward trajectory and sustain its premium valuations, as the outlook remains robust. «Titan has an impressive track record of outperforming its peers as well as exceptional long-term growth potential, all of which justify its premium valuations,» said Pratik Prajapati, analyst at Motilal Oswal Financial Services.

stock market has led to the valuations of several shares, especially mid-caps and small-caps, turning pricey, raising concerns whether the upsides are capped. Analysts think there is, however, still scope for upsides in a few smaller shares.

By Chavi Mehta, Max A. Cherney and Stephen Nellis

Homeowners fretting about paying more on their mortgages at renewal could soon have more power to shop around for a better rate, thanks to a package of housing affordability measures proposed in the Liberals’ fall economic statement.

India dished out a gritty display but suffered a 0-3 drubbing against dominant Asian champions Qatar in their second match of the 2026 FIFA World Cup second round qualifiers here on Tuesday. Qatar would have won by a bigger margin had they not missed several chances while dominating throughout the 90 minutes at the Kalinga Stadium. The visiting side scored through Moustafa Tarek Mashal (4th minute), Almeoz Ali (47th) and Yusuf Adurisag (86th).

Federal Reserve officials at their most recent meeting expressed little appetite for cutting interest rates anytime soon, particularly as inflation remains well above their goal, according to minutes released Tuesday. 

Reversing climate change has defined the Trudeau government, generating the incessant virtue signalling and innumerable intrusive initiatives for which, after eight years, it is infamous. But now the entire climate project is staggering from a trifecta of reality checks — missed emission targets, public blowback against the carbon tax and, at long last, growing realization that nothing Canada does will change global temperatures.

Inflation in Canada slowed to 3.1 per cent year over year in October from 3.8 per cent the month before, leading some economists to predict an interest rate cut by the Bank of Canada as early as next spring.

Former Bridgewater Associates CEO David McCormick joined ‘Mornings with Maria’ to discuss the Biden administration’s handling of the Israel-Hamas war, spotlighting China’s role in the conflict.

Rohit Sharma-led Indian cricket team failing to win ICC Men's World Cup 2023, while playing against Pat Cummins-led Australia at Narendra Modi Stadium on 19 November, critics and experts have started doing their analysis on why India failed despite being the outright favorites after a 10-match winning streak. Cricket legends like Ricky Ponting, Nasser Hussain, and Harbhajan Singh felt the Ahmedabad pitch ploy 'backfired, on the other side Sunil Gavaskar and Virender Sehwag felt the sluggish 67-run stand between KL Rahul and Virat Kohli cost India the match. Meanwhile, another set of cricketing legends Gautam Gambhir and Wasim Akram have pointed out Rohit Sharma's crucial moves in the final against Australia, which resulted in its defeat.

₹6,470 per bbl, having swung between ₹6,420 and ₹6,500 per bbl during the session so far, against a previous close of ₹6,543 per barrel. Also Read: Crude below $80/barrel to support OMCs in near-term; ONGC, Oil India key beneficiaries of high prices -Between now and the weekend meeting, traders will get fresh insights into US fundamentals with the release of official figures on crude and product stockpiles. Nationwide crude inventories have expanded for the past four weeks to the highest since August.

Bank of America Corp. strategists who join a growing chorus of optimistic Wall Street forecasters. The team led by Savita Subramanian is bullish on US equities for next year “not because we expect the Federal Reserve to cut, but because of what the Fed has accomplished." “The market has absorbed significant geopolitical shocks already," they wrote in a note on Tuesday, adding “US exceptionalism is intact." They see the S&P 500 closing at a record 5,000 by the end of 2024, which is 10% higher than Monday’s close.

By Howard Schneider

real estate investment platform, is expecting about threefold growth in assets under management (AUM) to reach Rs 4,000-5,000 crore over the next four-five years. The company is also looking to accelerate its product development process and diversify investment offerings by buying larger assets, said its CEO Kunal Moktan.

Nirmala Sitharaman on Tuesday termed as «despicable» Congress leader Rahul Gandhi's description of Prime Minister Narendra Modi as a panauti (bad omen) for India's loss in the world cup finals against Australia. «It’s such a despicable comment,” the FM told the media in Hyderabad when asked about Gandhi’s comments during the election campaign in Rajasthan that the Indian team almost won the game but lost due to 'bad omen' while addressing a campaign rally in Rajasthan. “He (Rahul Gandhi) is continuing the Congress tradition of calling all abusive names for the PM. Is that how sport is going to be encouraged? Is that the route through which Congress wants to encourage sports in the country?” Sitharaman said, disapproving of the Congress leader’s remark. The FM said the Target Olympic Podium Scheme (TOPS) of the Modi government has resulted in wonderful victories, whether it is at the Asian Games, Olympics or even the Paralympics.

global trade and economy refuse to abate. After Covid and the Ukraine war ravaged global supplies, creating energy and food crises in many parts of the world, another risk has started building up. The Israel-Hamas war, even though it hasn't spilled over to other countries, is threatening a wider disruption of trade and supplies.

Galaxy Leader, was hijacked on Sunday in the southern Red Sea by Yemen’s Houthi rebels, reported AP. The vessel en route from Turkey to India is believed to be having 25 people on board. Houthi rebels, who control northern Yemen and its Red Sea coast, said the vessel was Israeli.

₹1,278 crore in revenue in 2022-23, up 264% from ₹350.9 crore a year ago. Net profit jumped to ₹449 crore from a loss of ₹239 crore during the same period. In India’s burgeoning online investment market, which aims to make investing accessible and transparent to everyone, Groww competes not just with Zerodha, but also with Angel One Ltd, Upstox and other stockbrokers.

Garden Reach Shipbuilders and Engineers share price on Tuesday ended with gains of 2.9%. The stock remains medium term technical pick of Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher.