Target Financial News

Tesla shipped 435,059 cars globally in the third quarter, as factory downtime led to its first delivery decline in more than a year.

Tesla’s summertime deliveries of electric vehicles surged 27% from last year but still fell below analyst projections as Elon Musk’s car company navigated through softening customer demand as well as factory upgrades

most-wanted list of the National Investigation Agency (NIA), belongs to Hazaribagh in Jharkhand. He had studied mining engineering from the prestigious Visvesvaraya Institute of Technology. Among his two accomplices who were nabbed, Mohammed Arshad Warsi – also from Jharkhand – had studied BTech in Mechanical Engineering from Aligarh University.

Lava International expects to capture 10 per cent market share in under Rs 30,000-priced smartphone segment on account of up to Rs 600 crore investment in product development and marketing in the next two years, a senior company official said. Lava International President Sunil Raina told PTI that at a time when several Indian mobile phone companies succumbed to the pressure of aggressive pricing of foreign players around 2016-17 coupled with challenges posed by demonetisation and GST implementation, Lava focussed on its core strength and re-worked on the growth strategy. The company relaunched its smartphone business with a small pause with focus on customer experience around devices and providing repair service at home, Raina said.

Fuel prices consumers pay at the pump will be driven by a willingness to keep investing in fossil fuels, the UAE's energy minister said on Monday, as oil industry leaders reiterated the need for ongoing investment to smooth the energy transition. Speaking at the ADIPEC energy industry event in Abu Dhabi, Minister Suhail al-Mazrouei said the OPEC+ producer group cares «that the price is right for consumers, but right for the consumers for a very limited time only is short-sighted». More investment is needed in oil and gas for prices to be «right at the pump», he added. When asked whether high crude prices could threaten the health of the global economy, al-Mazrouei said OPEC+ never targets a certain oil price. The group, which comprises the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, in June agreed to extend their oil output cuts until the end of 2024. Saudi Arabia and Russia have also extended 1.3 million barrels per day (bpd) of additional voluntary cuts until the end of the year. That helped push Brent crude prices to above $90 a barrel in early September, with the futures contract last week approaching the psychological threshold of $100 a barrel. OPEC Secretary General Haitham Al Ghais said at the same event that he is optimistic about oil demand growth, and that he saw under-investment as a risk to energy security. «We are… running quite low on spare capacity, we have said this repeatedly, and this requires a concerted effort by all of the stakeholders to see the importance of investing in this industry,» he said. Mazrouei said investment by both international and national oil companies was needed, and that «these investments need the financial world to be willing to

Tesla missed market estimates for third-quarter deliveries on Monday as the automaker was forced to curb production due to planned factory shutdowns, sending its shares down 3.7% in trading before the bell. The electric-vehicle maker handed over 435,059 vehicles in the three months to Sept. 30, down nearly 7% from the preceding quarter.

Dhami on Monday said the Samajwadi Party government was responsible for opening fire on people protesting for a separate Uttarakhand in undivided Uttar Pradesh at Rampur Tiraha, Khatima and Mussoorie in 1994. Dhami also targeted the then Congress government at the Centre, accusing it of being a «mute spectator» during the firings.

Check out the companies making headlines before the bell:

SAN FRANCISCO (Reuters) — Electric-vehicle maker Rivian (NASDAQ:RIVN) Automotive on Monday reported third-quarter deliveries above analysts' estimates, as it ramped up production to meet a sustained demand for its pickup trucks and sport-utility vehicles (SUVs).

As interest rates are likely to be range-bound or declining, individuals can look at target maturity funds and lock-in at higher yields. Most of these funds at present have a yield-to-maturity (YTM) of 7.3% to 7.5%, which could be a good option for those looking for steady growth on their fixed income investment.

Congress over the arrest of its MLA Sukhpal Singh Khaira in a 2015 drugs case, AAP supremo Arvind Kejriwal Monday said they are fighting against drugs and not against any party or a leader. Kejriwal, who was on a day-long Patiala visit, also appealed to all political parties to support AAP in a war against drugs. «Three-four days back, a very big person was caught who was facing an accusation of drug trafficking.

hydrogen market, the Ministry of Shipping and Ports has identified three key ports—Kandla, Paradip, and Tuticorin—as focal points for the export of green hydrogen, green ammonia, and green methanol within the next seven years, a TOI report stated. The primary objective now is to establish the essential infrastructure at these ports, facilitating the storage, handling, and bunkering of these eco-friendly fuels and their derivatives. India's ambitious target is to create a capacity for exporting approximately 5 million tonnes of green hydrogen and its derivatives annually by the year 2030. This strategic initiative aligns with the objectives outlined in the National Green Hydrogen Mission, which seeks to harness hydrogen's potential in various industrial sectors, including fertilizers and petrochemicals.

By Shivansh Tiwary

Goldman Sachs Asset Management and Canadian DB pension plan OMERS will jointly invest in private credit opportunities in Asia Pacific having established a new partnership.

Coal India’s offtake in September increased by 12.6% to 55.1 MT from 48.9 MT in the corresponding month of the previous fiscal. Also Read: Maruti Suzuki posts highest ever monthly sales in September; hits 1 million-mark in H1FY24 Meanwhile, in the April-September period, the Maharatna PSU’s output increased by 11.3% to 332.9 MT from 299 MT, YoY.

₹145 and in the bull case, it has a target price of ₹158 per share for IDFC Ltd. It advises investors to buy IDFC Ltd in ₹130-133 band and add on dips in ₹116-118 band, for a time horizon of 2-3 quarters. Also Read: 'Valuations of smallcaps ahead of fundamentals; tough to predict RBI rate cut' Higher maturity mix in hospitals, steady performance of flagship hospitals in India and improving profitability of new hospitals solidifies Narayana Hrudayalaya’s position in India.

World Bank has maintained its forecast for China's 2023 economic growth at 5.1%, in line with its previous estimate in April, but trimmed its prediction for 2024 to 4.4% from 4.8%, citing the persistent weakness of its property sector. For East Asia and the Pacific including China, the bank slightly trimmed its 2023 gross domestic product growth forecast to 5.0% from its prior 5.1% estimate, the World Bank said in its semi-annual regional update released on Sunday. For 2024, the bank lowered its regional outlook to 4.5% growth from 4.8%, dragged down by external factors including a sluggish global economy, high interest rates and trade protectionism. «Almost 3,000 new restrictions were imposed on global trade in 2022, three times as large as those in 2019,» the World Bank said. For China, the bounce back from the reopening of the economy following three years of ultra-stringent zero-COVID policies has faded, and elevated debt and weakness in its property sector are weighing on growth, the World Bank said in the report. After months of mostly dismal data, the world's second-largest economy has started to show signs of stabilisation. China's factory activity expanded for the first time in six months in September, an official survey showed on Saturday. Initial signs of improvement had emerged in August, with factory production and retail sales growth accelerating while declines of exports and imports narrowed and deflationary pressures eased.

China will back firms in the smart vehicle supply chain to form groups dedicated to spreading innovation, state media said on Monday, as it races to hammer out standards for assisted and autonomous driving functions by 2025. The world's largest auto market, which set the target for such standards in July, has made so-called intelligent connected vehicles (ICVs) a long-term strategic focus in a drive to become the leading global player in the still nascent industry.

Achakzai said, «enough is enough» and declared an «all-out war» against terrorists, reported Dawn. In the remote Balochistan district of Mastung, a suicide bomber targeted an Eid-Milad-un Nabi (PBUH) procession on Friday, killing people, including a police officer, and injuring 100 more. While addressing a press conference, Achakzai was asked about a possible grand operation as the terrorists attacks are increasing in the province, to which, he said that he could not comment on that but added, that the state would defend each and every inch of its territory and carry out Intelligence-based Operations (IBO) if needed. However, two days have passed but no militant group has come forward to claim responsibility of the bombing.

fossil fuels as fast as possible—that much almost everyone agrees upon. How to do so is the complicated part. Economists have long favoured putting a price on carbon, a mechanism that Europe introduced in 2005.

Nifty 50 has net gained more than 13%, and one sector that has contributed significantly to this is the information technology pack despite the hullabaloo around global slowdown and earnings growth risks for the sector. The outperformance of IT stocks, which enjoy the second highest weightage in Nifty 50, to banks, has helped the 50-stock index move past the psychologically-crucial 20000-mark. In the first half of FY24, while the Nifty IT index has gained 11%, Nifty Bank has added over 9%. Of the 10 constituents of the Nifty IT index, eight of them have given double-digit returns in the April-September period. One must note that the stellar gains in stocks have come even after most technology majors gave a bleak outlook for earnings growth in FY24 amid the economic slowdown in the US and Europe.