Target Financial News

Check out the companies making headlines in midday trading.

defence ministry has cleared acquisition of 12 Su30MKI fighter jets for the Indian Air Force, in the biggest deal for Russian-origin equipment for the armed forces since the Russian invasion of Ukraine. The fighter jets will be made by Hindustan Aeronautics Limited and the deal for aircraft and associated equipment is likely to be around Rs 11,000 crore. This will include budget for modernisation of the larger fleet as well.

Casino company Caesars Entertainment has joined Las Vegas gambling rival MGM Resorts International in reporting a recent cyberattack

About 13,000 auto workers have walked off the job at three targeted factories after their union leaders couldn’t reach a deal with Detroit’s automakers

The United States Soccer Federation is planning to build a national training center in Atlanta with financial support from Arthur Blank

President Joe Biden says he’s dispatching two of his top aides to Detroit to help resolve the strike by unionized autoworkers

Thousand of migrants reached the Italian island of Lampedusa on more than 100 boats this week

The Internal Revenue Service said Thursday it will pause accepting claims for a pandemic-era tax credit until 2024 due to rising concerns that an influx of applications are fraudulent

About 13,000 U.S. auto workers have stopped making vehicles and headed for the picket lines

syndicated loan as the kingdom seeks to finance its investment plans, Bloomberg News reported on Friday. The kingdom's Ministry of Finance has appointed Industrial & Commercial Bank of China Ltd (ICBC) as coordinator and bookrunner for the long-term senior unsecured loan, the report said citing people familiar with the matter. The 10-year loan is offering an interest rate of 100 basis points over the Secured Overnight Financing Rate — the usual reference rate when borrowing in dollars, the report added. ICBC has invited other banks to participate in the loan and has asked interested parties to respond before mid-October, Bloomberg reported. Saudi Arabia's Ministry of Finance and ICBC did not immediately respond to a Reuters request for comment. Personally spearheaded by Crown Prince Mohammed bin Salman, Saudi Arabia has embarked on an ambitious economic plan. known as Vision 2030 to diversify into sectors such as tourism, develop massive infrastructure projects, and grow the financial and private sectors. Saudi Arabia's sovereign wealth fund, the Public Investment Fund, has been tasked with delivering Vision 2030 targets, which requires billions in investment.

Shake Shack (NYSE:SHAK) was raised to Buy at Northcoast Research in a note on Friday, with a price target of $85 per share.

Wells Fargo remains bullish on autonomous driving tech company, Mobileye Global Inc (NASDAQ:MBLY) with an Overweight rating and a 12-month price target of $50.00 on the stock after the company announced a strategic partnership with FAW Group.

₹45,000 crore, including ones to acquire 12 Su-30 MKI fighter jets, maufactured by Hindustan Aeronautics Limited (HAL). The ₹11,000 crores project would include the aircraft and related ground systems, defence officials have said. “The aircraft would include more than 60 per cent indigenous content as per the requirement.

By Jonathan Stempel

Rural demand is kicking in and the gap with urban is narrowing significantly, said Mohit Malhotra, chief executive of packaged goods maker Dabur India, which derives close to half of its annual sales from rural India. Addressing investors at the company’s 'Capital Market Day', Malhotra said: “A few years back, rural was leading the pack and driving growth.

The stock prices of Detroit automakers General Motors (NYSE:GM) and Ford (NYSE:F) have declined in pre-market trading Friday, while Stellantis (NYSE:STLA) has seen a slight increase. This shift in stock prices follows reports of an impending walk-out and strike by the United Auto Workers (UAW) union against the Big Three companies.

The upcoming week will play a pivotal role in shaping the Federal Reserve's outlook for interest rates. In what is expected to be one of the most important Fed policy decisions of the year, the U.S. central bank is widely expected to pause its rate hiking campaign at the conclusion of its FOMC meeting on Wednesday at 2:00 PM ET.

By Joseph White and David Shepardson

By Lucia Mutikani

By Davit Kirakosyan

New Delhi: Zooom Airlines, earlier called Zoom Air, has revived air operator certificate from the Indian civil aviation regulator Directorate General of Civil Aviation to commence flight operations in India, the airline said on Friday. "With our AOC in hand, we look forward to providing passengers with a top-notch travel experience that combines convenience, efficiency, and comfort," Zooom Airlines chief executive officer Atul Gambhir said in a statement. Zoom Air was established as Zexus Air in April 2013 and the airline had taken delivery of its first aircraft, a Bombardier CRJ200.