Target Financial News

Renewable sources still account for less than 14% of India’s power generation, while their share in installed capacity has increased to 31 per cent. With the power minister announcing the addition of another 30GW coal capacity, India’s power mix is unlikely to change significantly in the near term. Post-pandemic While capacity addition growth has slowed, the generation pace of energy has quickened in the post-pandemic period. Sharein overall power generation While there is a push for an increasing share of renewable energy in the overall power generation, coal still dominates.

By Raphael Satter

Amsterdam-based crypto venture capital firm Maven 11 has unveiled its third fund with a goal of securing $100 million.

₹10.6 trillion, official data released on Friday showed, creating additional spending room for the government in an election year. Provisional data till 9 November showed the government has so far collected 58% of the ₹18.2 trillion budgeted for FY24. Gross direct tax receipts (without adjusting for refunds of ₹1.77 trillion) were ₹12.37 trillion, 18% above last year’s ₹ 10.52 trillion.

Jezebel, the sharp-edged feminist website founded at the height of blogosphere era, is shutting down after 16 years

In 2008, the runaway inflation of the 1980s and the painful medicine of record high rates required to subdue it were still relatively fresh in people’s minds.

Investing.com — Unity Software on Thursday failed to provide full-year guidance after reporting mixed third-quarter results as revenue missed Wall Street estimates following slowing new game launches and weakness in China amid a government crackdown on gaming.

Investors should brace for fresh turmoil next week as the stock market faces several market-moving events, including key economic data as well as earnings from the major U.S. retailers.

Annual private capital mobilisation by multilateral development banks needs to quadruple to $240 billion by 2030, co-chair of the Independent Expert Group of MDB reforms set up under India’s G20 presidency N K Singh said, while cautioning against a piecemeal approach to reform of these institutions. Speaking at the Paris Peace Forum at a session on “Achievements since the Summit for a New Global Financing Pact”, moderated by French President Emmanuel Macron, Singh asserted that MDBs required a tectonic makeover. “The next 12 months are crucial to translate the current fervour into changes in process, procedures, and hopefully changes for better outcomes…. I worry about a piecemeal approach to reforms, and institutions acting in silos,” Singh said, adding that a change is needed in the management culture on many fronts. The first volume, submitted to the G20 in July at Gandhinagar, had recommended enhancing their sustainable level of own-account non-concessional finance to $300 billion annually. The second volume handed before the Marrakech G20 ministerial has suggested introducing new instruments – pooled portfolio guarantees and hybrid capital — and inclusion of new investors into the MDB capital stack, as part of steps to diversify the sources of capital.

Allianz SE reported a third-quarter profit that beat analysts’ estimates as its giant bond manager Pacific Investment Management Co. continued to attract new money.

Goldman Sachs Group Inc. hired a trio of Credit Suisse private bankers as it builds up its presence in a swath of the Middle East that’s increasingly becoming a destination for the world’s rich.

Gmail accounts to now including the deletion of the accounts themselves. This alteration places millions of dormant Gmail accounts in jeopardy. Understand the implications of this purge and learn how to safeguard your account.

US Federal Reserve chairman Jerome Powell on Thursday rattled financial markets worldwide by saying that the central bank was not yet confident that interest rates were at a sufficiently restrictive level to bring inflation to its 2% target. The statement, which leaves the door open for more Fed rate hikes, yanked five-year US bond yields above 5%, pushed the rupee to a record low versus the dollar, and sent stock markets tumbling.

Refinitiv after a glitch on the electronic trading platform caused trading volumes in the foreign exchange market to dry up, causing volatility in the rupee, which marked new lows versus the US dollar on Friday. Market sources told ET that the trading outage, which occurred around mid-day, resulted in orders drying up, exacerbating volatility in the rupee’s exchange rate amid a global selloff in stocks and bonds due to hawkish comments by the US Federal Reserve chairman. The rupee closed at an all-time low of 83.34 per US dollar on Friday. Intraday, the rupee weakened to as much as 83.48/$1, also a fresh low.

slogans and catchphrases that have the ability to travel far and wide, particularly in the age of social media, do not seem to dominate the discourse as they did in earlier elections. 'Maaf karo Maharaj, hamara neta Shivraj' (sorry Maharaj, our leader is Shivraj) was a big hit in the 2018 state polls when the BJP targeted Jyotiraditya Scindia, a scion of erstwhile Gwalior royalty who is affectionately called 'Maharaj' by his supporters.

Camlin Fine Sciences(CSFL): The brokerage has an ‘add’ call on the stock with a 1-year as well as 3-year (bull case) target price of ₹300, indicating an upside of 133 percent. "We bake in vanillin benefits in our FY24F estimates to arrive at an EPS of ₹15.1 for FY24F and ₹21.8 for FY25F. We valued the stock at 20x FY24F EPS to arrive at our higher target price of ₹300 from ₹180 earlier," it said.

Jindal Saw, whose shares have generated a tremendous return of 482%, spiking from ₹82.85 apiece to the current level of ₹482.55. On November 7, the shares hit a record high of ₹485. Also Read: Diwali 2023: What is ‘samvat’ and why does it hold significance for stock market investors? Fertilizers and Chemicals Travancore was the second top gainer in the Nifty 500 index.

The proposed $20 billion takeover of Origin Energy by a private North American duo has now won support from all major proxy advisers, paving the way for a nail-biting lead-up to a decisive shareholder vote on a deal that is opposed by the electricity supplier’s biggest investor.

Investing.com -- U.S. stock futures were mixed heading into the final day of trading this week, as investors eyed Treasury yield moves and gauged the path ahead for interest rates following a closely-watched statement from Federal Reserve Chair Jerome Powell. Elsewhere, trade in the U.S. Treasury market is disrupted by a cyberattack on China's largest commercial lender by assets, while Apple (NASDAQ:AAPL) agrees to pay out a $25 million settlement over claims regarding its U.S. immigrant hiring practices.

₹10.60 lakh crore, crossing 58 per cent of the Budget target for the full year, the Income Tax department said on Friday. The net corporate tax collection grew 12.48 per cent and personal income tax mop up rose 31.77 per cent. The provisional figures of Direct Tax collections up to 9 November continue to register steady growth according to a statement by the Ministry of Finance.

asteroid about as wide as the Empire State Building is tall will streak through space within 20,000 miles (32,200 km) of Earth, the closest any celestial object of that size will have come to our planet in modern history. When it does, a spacecraft launched by NASA in 2016 is expected to be in position to provide a detailed examination of this rare close encounter. The mission, directed by University of Arizona scientists, is expected to yield insights into planetary formation and knowledge that could inform efforts to build a defense system against possible doomsday asteroid collisions with Earth. At the time of its 2004 discovery, the asteroid Apophis, named for a demon serpent embodying evil and chaos in ancient Egyptian mythology, appeared to pose a dire impact threat to Earth, with scientists forecasting a potential collision in 2029.