Target Financial News

Tata Power Renewable Energy Ltd (TPREL), a subsidiary of The Tata Power Company Limited, will set up a 41 MW captive solar plant at Thoothukudi, Tamil Nadu for TP Solar’s new greenfield 4.3 GW solar cell and module manufacturing facility located at Tirunelveli, Tamil Nadu. The captive plant will help generate 101 million units of electricity and offset around 72,000 metric tonnes of CO2 emissions annually. The solar project will be commissioned 12 months from the signing of the Project Development Agreement (PDA). TPREL has established TP Govardhan Creatives Limited, a specialized entity entrusted with the development, operation, and upkeep of this facility for TP Solar Ltd. TP Solar’s manufacturing plant is expected to start commercial production of cells and modules by FY 24-25.

By Giuseppe Fonte and Gavin Jones

A partial U.S. government shutdown seems to be looming and global economic ructions are being heard again, but gold isn’t catching the usual safe-haven bid because ‘King Dollar’ isn’t allowing it.

The S&P/TSX composite index was bleeding red on Sept. 26, falling 1.2 per cent to 19,556.15 and flirting with the year’s low reached in June.

Fujifilm Business Innovation on Wednesday announced its foray into the office printer business in India to tap the high growth potential. India will be the 15th operation for the company in the Asia Pacific (APAC) region for the office printer business and is targetting government offices as one of the main customers, Fujifilm Business Innovation Asia Pacific Pte Ltd President Masatsugu Naito said.

A court hearing in Perth has cleared the way for Chris Ellison’s Mineral Resources to acquire the Bald Hill lithium mine from administrators as part of consolidation in the sector in Western Australia.

Victoria’s new Premier Jacinta Allan should scrap $200 billion suburban rail loop, defer any other transport expenditure it can to ease pressure on costs, and charge cars to enter and leave Melbourne’s CBD to give trams on major routes a freer run in the inner city, experts say.

₹2,798 crore in FY22 while profit after tax rose 14.47 per cent to ₹69.16 crore during the same period. Some of the listed peers in the segment are Ircon International, Rites, Engineers India, National Buildings Construction Corporation (NBCC), and Va Tech Wabag.

₹500 crore+ hits - Gadar 2 and Jawan - one ₹300 crore+ movie - Jailer - and five ₹100 crore+ movies. There were several other regional hits in sub- ₹100 crore bucket as well. Moreover, the pipeline of Hindi and regional movies over the next 3-6 months appears healthy, with potential hits such as The Vaccine War (September 28), Tiger 3 (November 10), Animal (December 1), Dunki (December 22) and Fighter (January 25) in Hindi and Salaar and Leo (October 19) in regional.

REC jumped 6% to Rs 284 in Wednesday's trade on BSE after the firm signed a memorandum of understanding (MoU) with Punjab National Bank (PNB) to jointly fund projects in the power sector and infrastructure & logistics sector. The collaboration aims to co-finance debts totalling Rs 55,000 crore over the next three years under a consortium arrangement. At 11.26 a.m., the scrip was trading 5.6% higher at Rs 282 on BSE. On a year-to-date, it has delivered multibagger returns of 135%, while it has rallied nearly 200% in the past one year. As per Trendlyne data, the average target price of REC is Rs 261, which shows a downside of 8% from the current market prices.

The MCX October gold futures were trading down by Rs 182 or 0.31% from the Tuesday closing price at Rs 58,250 per 10 gram on the MCX while the December Silver futures were trading at Rs 71,110 per kg, lower by Rs 667 or 0.93%. On Comex, Gold futures were trading at $1,914.40 per troy ounce on Wednesday, down by $5.40 or 0.28% while Silver futures were at $22.950, lower by $0.246 or 1.060%. The comex prices are at a month lows. A rising dollar index (DXY), which is now at its 10 month peak, has engineered the fall in bullion prices.

violence situation in Manipur. He demanded that BJP's ‘incompetent’ chief minister should be sacked. Kharge also alleged that the violence against women and children has been weaponized and accused the BJP of turning Manipur into a battlefield.

CBRE. Bangalore, Delhi-NCR and Mumbai are among the top 3 cities spearheading green-compliant office spaces with a cumulative share of 68% of the total, green-certified office stock in India.

₹58,245 per 10 grams around 10:45 am. (Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Experts expect gold prices to remain weak and see some volatility today due to rising dollar, and bond yields amid the prospects of interest rates going further higher.

Also Read: Corporate investments are still to show a long-awaited recovery After a stellar 7.8% expansion last quarter, economic growth was expected to moderate to 6.4% in July-September quarter and then drop to 6.0% in the October-December period before slowing to 5.5% in early 2024. A majority of economists, 22 of 36, who answered an additional question said the risks to their FY 2023/2024 GDP growth forecasts were skewed to the downside.

Tega Industries with a target price of Rs 1130. The current market price of Tega Industries is Rs 936.3. Tega Industries Ltd., incorporated in the year 1976, is a Large Cap company (having a market cap of Rs 6244.25 Crore) operating in General sector.

Strides Pharma Science Ltd. with a target price of Rs 495. The current market price of Strides Pharma Science is Rs 526.8. Strides Pharma Science Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 4766.18 Crore) operating in Pharmaceuticals sector.

Mallikarjun Kharge on Wednesday attacked Prime Minister Narendra Modi over the situation in Manipur and demanded that he sack BJP's «incompetent» chief minister as a first step to control the turmoil. He also alleged that the violence against women and children has been weaponised and accused the BJP of turning Manipur into a battlefield. A clash occurred in the Singjamei area of Imphal on Tuesday night between RAF personnel and locals protesting the killing of two students, who had been missing since July 6, prompting the law enforcers to lob tear gas shells and fire rubber bullets at the agitators and baton-charge them, leaving 45 of the protesters, mostly students, injured.

labour, has recently broadened its restrictions on Chinese imports. Three companies, Xinjiang Tianmian Foundation Textile Co Ltd, Xinjiang Tianshan Wool Textile Co. Ltd, and Xinjiang Zhongtai Group Co.

Nepal exhibited remarkable prowess, amassing a formidable total of 314/3 within the allotted 20 overs. This remarkable achievement surpasses the previous highest T20I total, which stood at 278/3, set by Afghanistan against Ireland in 2019. Furthermore, Nepal's batsmen showcased their power-hitting abilities by launching an astounding 26 sixes in a single innings.

₹60,000 to secure his release. As his love for the country was his top priority, Bhagat Singh ran away from home to participate in India’s freedom struggle. After witnessing the brutal beating and death of Lala Lajpat Rai, Bhagat Singh and his fellow revolutionaries pledged to take revenge.