Target Financial News

In order to offer retail investors a chance to invest in India’s consumption potential, asset management companies are launching consumption funds. These open-ended funds aim to generate long-term capital growth from an actively managed equity portfolio of companies which will benefit from consumption and consumption-related activities.

Morgan Stanley granted special bonuses worth $20 million each to incoming Chief Executive Officer Ted Pick and his two deputies, Andy Saperstein and Dan Simkowitz. 

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it is not happening—replacing old grids and installing new technology is just too expensive for developing countries. To reach net-zero emissions by 2050, the International Energy Agency, an official forecaster, reckons developing countries would have to spend at least $300bn on renewable grids until 2030, five times their current outgoings. Thus there is no way round the missing finance.

Rajasthan News: CM Ashok Gehlot accuses BJP of targeting him via ED raids: 'Red Rose is happening' The summons are linked to recent ED raids against Rajasthan based hospitality group Triton Hotels & Resorts Pvt. Ltd., Vardha Enterprises Pvt.

US Federal Reserve is expected to keep interest rates steady at a 22-year high in its policy meeting on October 31-November 1 even as the US economy remains resilient despite high interest rates while inflation still remains above the Fed's 2 per cent target level. In its last policy meeting, the Fed had left the benchmark interest rates unchanged at 5.25 per cent - 5.50 per cent.

Investing.com-- Analysts expect the Bank of Japan to potentially further tweak its yield curve control (YCC) policy when it meets on Tuesday after recent data showed an uptick in Japanese inflation, while rising bond yields and a weakened yen also piled on pressure. 

Investing.com-- Most Asian stocks fell on Monday as investors hunkered down for a data-heavy week headlined by the Federal Reserve, while uncertainty before a Bank of Japan meeting weighed heavily on the Nikkei. 

Byron Bay fintech Zepto has laid off 20 per cent of its workforce as part of a restructure to limit its focus on controversial cryptocurrency exchanges and target areas with better growth prospects.

Greenbushes, Australia’s largest hard rock lithium mine, may be forced to reduce productionas prices for the key battery metal collapse on lower Chinese electric vehicle sales.

NSW has “no choice” but to build the new transmission lines needed to support renewable energy zones despite fierce pockets of resistance from local communities, says James Hay, head of the state company in charge of rolling out the controversial plans.

Bell Rock Capital Management has almost halved its investment in Whitehaven Coal just days after successfully pushing for a protest vote against the company in response to its plan to buy two major mines.

Federal Reserve’s monetary policy meeting outcomes scheduled on Wednesday, November 1. The shine in yellow metal continues despite a resilient dollar index (DXY) as the Israel-Hamas conflict brightens its haven appeal. MCX December gold futures were trading flat at Rs 61,350 per 10 gram, up by Rs 194 or 0.32% from the Friday closing price.

air defence system and plans to deploy it by 2028-2029, a ToI report said on October 30. The system is being developed by DRDO under the ambitious Project Kusha. According to the report, the system will be able to «detect and destroy incoming stealth fighters, aircraft, drones, cruise missiles and precision-guided munitions at ranges up to 350-km.» The «interception capabilities» of the indigenous long-range surface-to-air missile (LR-SAM) system, will be “comparable” to the Russian S-400 Triumf air defence system, the report said. It may be mentioned here that the Russian S-400 Triumf was recently inducted by the Indian Air Force. The Cabinet Committee on Security had cleared development of the LR-SAM system as a “mission-mode” project in May 2022.

Gaza Strip on Monday, reaching built-up areas as the U.N. and medical staff warned that airstrikes are hitting closer to hospitals, where tens of thousands of Palestinians have sought shelter alongside thousands of wounded. The increasing ground operations came a day after 33 trucks carrying food, medicine and other supplies entered Gaza from Egypt, the largest convoy of humanitarian aid since the war between Israel and Hamas began.

SEAS), Deborah Lipstadt has condemned the violent protests that have been reported in Russia threatening Israelis and Jews and called on Russian authorities to ensure their safety. In a post shared on X, Lipstadt stated that the US stands with Israel and the entire Jewish community. She emphasised that there is no excuse for targeting Jews or engaging in anti-semitic incitement.

witness a slight decrease in growth from 4.1 percent in 2022 to 4 percent in both 2023 and 2024. The report highlights that global inflation is expected to gradually decrease, declining from 8.7 percent in 2022, to 6.9 percent in 2023, and 5.8 percent in 2024. Tighter monetary policies and lower international commodity prices contribute to this decline.

Mint previously reported that Gentari Sdn Bhd and GIC Holdings Pte Ltd will invest $1.75 billion in AM Green Ammonia Holdings, a company owned by Greenko Group founders Mahesh Kolli and Anil Kumar Chalamalasetty. Gentari will invest $1.5 billion for a 30% stake in AM Green Ammonia Holdings, valuing the company at $5 billion.

Narendra Modi is embracing a liberalization and globalization growth model. While investors are aware of India’s ambitious targets for growth, exports and consumption, they may be less aware of the commitment to innovation and liberalization required to achieve these targets, it stated. These, as per the report, include: 1.

Click here!) Alkem Laboratories showcased a strong breakout from a medium-term falling channel formation at ₹3,550 level in mid-July on the weekly chart, marked by a powerful bullish candle, indicating a positive bias. The stock retested the upper band of the channel and bounced back sharply, reaffirming the breakout. The stock is displaying a pattern of higher highs and lows on the weekly chart, forming an upward-sloping trendline, indicating a strong uptrend.

NTPC share price declined over 2% on Monday after the company reported its Q2 results. NTPC shares fell as much as 2.45% to ₹230.75 apiece on the BSE. The state-run power generator NTPC reported a rise of 16.6% in its consolidated net profit for Q2FY24 at ₹3,885 crore as compared to ₹3,331 crore in the corresponding period last year.