Target Financial News

Reserve Bank of India's (RBI) rate-setting panel is likely to keep the policy interest rates unchanged later this week while continuing its protracted vigil on inflation, as the steepest increase in crude oil prices in 10 months amid signs of further rate hardening in the US lengthens the odds on an immediate turnabout in the rate trajectory at home. An ET poll of 12 market respondents showed that at the end of its October 4-6 meeting, the Monetary Policy Committee (MPC) is likely to keep the repo rate unchanged at 6.50% while retaining its stance of withdrawal of accommodation. Such an outcome would mark the fourth successive policy review in which the MPC has maintained a status quo on rates and stance. Focus on protecting external sector «The MPC is expected to extend its hawkish pause… global crude oil prices have surged to November 2022 highs, surpassing the RBI's April estimate of $85 per barrel, with September's average approximately 9% higher than that of August,» Radhika Rao, senior economist, DBS Bank said. This has coincided with the dollar's climb as the Federal Reserve has sought to hold rates 'higher for longer', dimming the appeal of emerging market assets for global investors.

Binance has rolled out a new referral scheme targeting users in the Africa region. The promotion, which runs from September 18, 2023, 11:00 (UTC) to October 2, 2023, 11:59 (UTC), offers participants a chance to share a total reward pool of 17,500 USDT in token vouchers.

stopgap bill that drew more support from Democrats than Republicans. Soon after the House approved the bill, the Republican conservatives began targeting McCarthy's role as speaker, claiming he had scored a victory for the "Uniparty" of Washington. "Should he remain Speaker of the House?" Republican Representative Andy Biggs, a leading hardliner, asked on the social platform X, formerly known as Twitter.

Armenia's government says an ethnic Armenian exodus has nearly emptied Nagorno-Karabakh of residents since Azerbaijan attacked and ordered the breakaway region’s militants to disarm

₹14,768 crore in NSE’s cash market in September after buying equities worth ₹1.69 trillion over six straight months. Simultaneously, they held a cumulative net short position in index and single-stock futures as of 29 September, coinciding with their cash market sales. Their cumulative net shorts in index futures (Nifty and Bank Nifty) contracts stood at 72% and in single-stock futures contracts at 53% at the beginning of the October series of derivatives contracts.

self-help groups and panchayat representatives to sustain the model. The administration has declared 6,650 villages as 'ODF Plus Model' under the Swachh Bharat Mission (Grameen), which goes beyond constructing and use of toilets towards cleanliness by managing grey water and solid waste in each of the villages. The top three performers to achieve the 100% target of the 'ODF Plus Model' include Dadra Nagar Haveli and Daman Diu, J&K and Sikkim. Lieutenant Governor Manoj Sinha stated that the 'Swachhata Hi Seva' campaign has become a 'Jan-Andolan' in J&K and this historic milestone underlines the administration's resolve of building dream villages with new potential, possibilities and full of self-confidence.

Sikh leaders at a Glasgow gurdwara. This incident comes on the heels of a slow ramping up of activities targeting Indian missions and officials abroad, particularly in Canada, Britain and the US.

Listed telco infrastructure business Superloop Limited is in no rush to lob a higher bid at its target Symbio, after its $2.85 a share bid was topped by Aussie Broadband late Friday evening.

MANILA (Reuters) — The Philippines plans to issue its maiden sukuk bonds by the end of November, its finance secretary said, as it seeks to develop alternative funding sources for its budget.

(Reuters) — Pershing Square SPARC Holdings Ltd, said that it will pursue business combinations with privately-held companies after receiving regulatory approval from U.S regulators for distributing special purpose acquisition rights.

(Reuters) — Annual inflation in Peru decelerated to 5.04% in September to hit its lowest level in more than two years, according to official figures published on Sunday, though consumer prices remained some way above the central bank's target rate.

Investing.com — With an eleventh-hour deal reached to avert a U.S. government shutdown investors will be focusing on U.S. jobs data and speeches by Federal Reserve head Jerome Powell and European Central Bank President Christine Lagarde in the week ahead. Central banks meeting in Australia and New Zealand will also be in focus and markets continue to digest the ‘higher for longer’ interest rates mantra. Here’s what you need to know to start your week.

Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Teradyne, XPO Logistics, Tractor Supply, and Brinker International, and a downgrade for Nike.

₹6.43 trillion, or 36% of the annual estimates of ₹17.87 trillion, according to data released by the Controller General of Accounts. This was largely due to a sharp jump in capital expenditure, which was offset by lower tax devolution to state governments, and an increase in non-tax revenues, analysts said. In the year-ago period the fiscal deficit was at ₹5.42 trillion, or 32.6% of the FY23 target of ₹16.61 trillion.

PTI citing sources. The firm has undertaken an exercise to reduce the workforce by about 3,000-3,500 in October by ending duplication in roles across the organization. "Think and Learn Private Ltd (TLPL) restructuring will see the current operations spread across several business units streamlined into four core areas of K-12, test prep, online, and hybrid.

Chainlink (LINK) has completed a bullish falling wedge pattern on the weekly timeframe, gaining nearly 14% over the past week and trading at $7.418 with a volume of $2.70 million. 

In the ever-evolving landscape of cryptocurrencies, HarryPotterObamaSonic10Inu has recently made headlines, recording a robust 14% surge. 

A parcel of 2.18 million shares in ASX-listed funds management business Pacific Current, representing 4.2 per cent of the company, changed hands after market close on Friday evening.

World Championship bronze medallist boxer Parveen Hooda assured India of a medal and also grabbed a Paris Olympic quota by moving into the 57kg semifinals, but Nikhat Zareen bowed out in the semifinals at the Asian Games here on Sunday. Parveen, who won the bronze medal in the 63kg at the 2022 World Boxing Championships, moved past Uzbekistan's Sitora Turdibekova by unanimous verdict in the quarterfinal. However, Zareen, competing in the women's 50kg category, had to settle for bronze after losing to Rakast Chuthamat of Thailand.

Godrej Agrovet Limited's oil palm business vertical has announced that the company will set up an integrated palm oil complex in Telangana. To be set up in the Khammam district, it will consist of a crude palm oil mill along with the provision of setting up a refinery in the near future. The company has an expertise of more than three decades in the oil palm business. The company will also establish a nursery with a capacity of up to 7 lac saplings per year in addition to the seed production and research unit, Godrej Agrovet said in a release on Saturday. «Telangana's ambitious oil palm mission aims to bring 20 lakh acres under cultivation across the state.

military instructors to Ukraine, rowing back from reported comments by his defence minister that he wanted to begin training Ukrainian troops in the country. To date, Britain and its allies have avoided a formal military presence in Ukraine to reduce the risk of a direct conflict with Russia. British defence minister Grant Shapps, who was appointed to the role last month, said in an interview with The Sunday Telegraph newspaper that he wanted to deploy military instructors to Ukraine, in addition to training Ukrainian armed forces in Britain or other Western countries. Hours after that interview was published, Sunak said there were no immediate plans to send British troops to Ukraine. «What the defence secretary was saying was that it might well be possible one day in the future for us to do some of that training in Ukraine,» Sunak told reporters at the start of the governing Conservative Party's annual conference in Manchester. «But that's something for the long term, not the here and now. There are no British soldiers that will be sent to fight in the current conflict.» Former Russian President Dmitry Medvedev on Sunday said any British soldiers training Ukrainian troops in Ukraine would be legitimate targets for Russian forces Britain has provided five-week military training courses to around 20,000 Ukrainians over the past year, and intends to train a similar number going forward. In an interview with the Sunday Telegraph, Shapps said there was scope to offer military training within Ukraine after a discussion on Friday with British military chiefs. «I was talking today about eventually getting the training brought closer and actually into Ukraine as well,» he was quoted as saying.