Target Financial News
02.11 / 15:01
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Madhya Pradesh polls: Congress to step up campaign; Mallikarjun Kharge, Rahul Gandhi, Priyanka Gandhi among leaders to address rallies in state
Congress has planned several rallies of its senior leaders, including party chief Mallikarjun Kharge, in the coming days till the poll campaign ends. Kharge is scheduled to address two rallies in Jabalpur district on Saturday, a senior Congress leader said. After him, two other senior leaders of the Congress — its former president Rahul Gandhi and his sister and party general secretary Priyanka Gandhi Vadra — will keep visiting the state to canvas for the party candidates till campaigning ends on November 15.
02.11 / 14:19
02.11 / 13:39
02.11 / 13:33
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The insurance industry really doesn’t like the DOL’s proposed rule
The Biden administration has singled out annuities in the DOL’s proposed fiduciary rule, and the stakes are high for independent insurance agents.
02.11 / 13:27
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Uttarakhand govt signs MoUs worth more than ₹20,000 crore ahead of Global Investors Summit in Dehradun
₹20,000 crore were signed during a roadshow organized in Ahmedabad. The MoUs were signed with 50+ industrial groups in the presence of Uttarakhand Chief Minister Pushkar Singh Dhami and include sectors like health, logistics, education, hospitality, etc. The chief minister is holding back-to-back meetings with investors inviting them to the investors summit to be organized at the state's capital Dehradun.
02.11 / 13:27
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Bank of England keeps benchmark rates unchanged at 15-year high of 5.25%
BOE's forecasts was on the idea that if interest rates stay the same, inflation is expected to reach its target in early 2025. This would happen at least six months earlier than the estimate derived from market expectations of interest rate reductions starting in August. Governor Andrew Bailey agreed with his colleagues about the “restrictive" policy stance needed “for an extended period of time" to deal with the high rate of inflation in Britain.
02.11 / 13:27
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Canada to invite nearly 15 lakh immigrants in next three years, but can India retain the top spot? Explained
Immigration Levels Plan 2024-2026, Marc Miller, Immigration Minister, cited it is ‘tailored to support economic growth while balancing with the pressures in areas like housing, healthcare and infrastructure.’ As per the plan, Canada will invite 485,000 new immigrants in 2024, and 500,000 in 2025 and 2026 each year. Canada is currently facing an aging population and labour shortages in key sectors and hence, it is seeking to spur growth with the help of new qualified professionals from countries like India. In 2022, India provided 118,095 new permanent residents to Canada, more than a quarter of the total 437,120 new permanent residents for 2022, Immigration, Refugees and Citizenship Canada (IRCC) said.
02.11 / 13:27
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Coal India's Apr-Oct output up 12% at 394 MT, supply to power sector rises 4.5%
Coal India on Thursday reported a 12% rise in its output to 394 million tonne (MT) for FY24 so far, surpassing its annual growth target of 11%. PM Prasad, chairman and managing director, Coal India, expressed confidence in reaching the production target of 780 MT for the current fiscal. He highlighted the company's progress from its inception in 1975 with 79 MT to achieving 703 MT in FY23.
02.11 / 13:05
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Analysts downgrade Estee Lauder as guidance cut a 'major disappointment'
Shares of Estee Lauder (NYSE:EL) plunged following the company's earnings release on Wednesday, which has prompted analysts at Telsey and RBC Capital to downgrade the stock.
02.11 / 13:05
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Oil rises 1% after Fed keeps rates unchanged
By Robert Harvey
02.11 / 13:05
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Gold: Is It Too Soon to Call It a New Bull Market?
The recent surge in gold price is emblematic of its enduring status as a safe-haven asset, consistently bolstered by investor confidence. The catalyst behind this surge is the ongoing conflict in the Gaza Strip, which has escalated into a ground invasion by Israeli forces.
02.11 / 13:05
02.11 / 12:17
02.11 / 11:59
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Cyberattacks on healthcare sector rising, 60% of organisations hit in a year: report
healthcare sector is fast emerging as the prime target of cybercriminals. Not just the AIIMS hospital or the Indian Council of Medical Research, but nearly 60% of healthcare organisations in India have suffered a cyberattack in the past 12 months, according to a new study by Sophos, shared exclusively with ET. Of these, cybercriminals were able to successfully encrypt data in nearly 75% of ransomware attacks. This is the highest rate of encryption in the past three years and a significant increase from the 61% data encryptions carried out last year, the UK-based cybersecurity firm said.
02.11 / 11:05
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LS Ethics Committee: Opposition accuses panel chief of asking unethical questions to Mahua Moitra, asks ‘where's cash?’
Mahua Moitra in regard to the alleged cash-for-query case. Later they stormed out of the meeting and also questioned why the meeting was being conducted. Moitra was summoned to appear before the committee to address allegations brought by BJP MP Nishikant Dubey and lawyer Jai Anant Dehadrai.
02.11 / 10:43
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Futures higher after Fed decision, Apple earnings ahead - what's moving markets
Investing.com -- U.S. futures point into the green, as markets examined statements from Federal Reserve Chair Jerome Powell following the central bank's decision to keep interest rates steady for a second straight meeting. Apple (NASDAQ:AAPL) gears up to unveil its latest three-month earnings, with analysts also eager for any guidance from the tech giant on trading during its crucial December quarter. Shell (LON:SHEL) bumps up its share buybacks, boosting shares in the oil group.
02.11 / 10:43
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Starbucks gets sales bump from strong US demand
(Reuters) -Starbucks beat Wall Street targets for fourth-quarter results on Thursday, as strong demand for its pricey coffees and cold drinks in North America offset a feeble recovery in China, sending its shares up 8% premarket.
02.11 / 10:43
02.11 / 10:37
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Debunking Overblown Claims on Crypto and Terrorism Financing
In light of the recent terrorist attack in Israel orchestrated by Hamas, Chainalysis, a blockchain analysis company, addresses the misconceptions surrounding cryptocurrency's role in terrorism financing in a blog post dated October 18, 2023. The analysis reveals that terrorism financing represents a minuscule portion of the already marginal illicit cryptocurrency transaction volume. While terrorist groups do utilize cryptocurrencies, they predominantly rely on traditional fiat-based financing channels like financial institutions, hawalas, and shell companies.
02.11 / 09:05
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Market decline in October left you worried? Axis Securities suggests this strategy to follow going ahead
Largecaps: ICICI Bank, Maruti Suzuki India, State Bank of India, Varun Beverages, Bank of Baroda, and ITC. Midcaps: Lupin, Federal Bank, Ashok Leyland, Relaxo and Footwears Smallcaps: CIE Automotive India, Westlife Foodworld, CreditAccess Grameen, JTL Industries, PNC Infratech and Kirloskar Brothers. The brokerage has booked profit in CCL products and added Westlife Foodworld.
02.11 / 09:05
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Greenlam Industries stock spikes nearly 30% in four sessions; should you pick the shares now?
Greenlam Industries, one of the world's top three laminate manufacturers, has seen its stock surge by nearly 30% in the past four trading sessions, climbing from ₹411 apiece to ₹534.50 apiece. In the previous trading session, the stock hit an all-time high of ₹572.45. This sharp uptick in shares was attributed to the company's robust performance in Q2FY24.
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