Target Financial News

SYDNEY—For decades, health authorities have been warning about the dangers of smoking. In many countries, cigarette packaging carries graphic images of black lungs and emaciated cancer patients.

Asia Cup 2023: Sri Lanka stunned the Pakistan cricket team by defeating them by 2 wickets which cleared the way for the elimination of Pakistan and defending champions Sri Lanka find themselves once again in the Asia Cup finals. The rain disrupted the match was a thriller with no clarity on where the game may go till the last ball. But, one confusion remained on everyone's mind about why Sri Lanka was declared as a winner even as they made the same runs as Pakistan.

Gaganyaan to validate the crew escape system will be launched in a month or two, a key ISRO official said on Friday. According to officials of the Bengaluru-headquartered national space agency, it would be the first of the four abort missions of the Gaganyaan programme. The first test vehicle mission, TV-D1, would be followed by the second test vehicle TV-D2 mission and first uncrewed mission of Gaganyaan (LVM3-G1).

foreign exchange reserves decreased by $4.992 billion to $ 593.904 billion for the week ending September 8, the latest data by the Reserve Bank of India (RBI) showed on Friday. Previously, forex reserves were up by $4.039 billion to $598.897 billion for the week ended on September 1. According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) dropped by $4.27 billion to $526.43 billion. Expressed in dollar terms, the FCAs include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves dipped by $554 million to $44.38 billion, while SDRs were also down by $134 million to $18.06 billion. Reserve position in the IMF decreased by $39 million to $5.03 billion. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of USD 645 billion.

The record date for the purpose of determining the members eligible to receive the interim dividend has been fixed as September 29. The declared interim dividend will be credited or dispatched on or around October 13. Shares of Bajaj Holdings will likely trade ex-dividend on the day or a day before the record date. When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment.

Sanjay Kumar Mishra will be attending the government agency's office as its chief for the last time today. The Centre had sought from Supreme Court of India that Mishra's tenure be extended till 15 October, which the top court granted, albeit reducing a month from the demand. The Supreme Court in July had noted that SK Mishra's tenure as the ED chief would be extended till 15 September in view of ‘national interest’.

BEIJING — Yum China is spending more on tech, an investment that's allowed it to open more stores without having to hire more staff, CEO Joey Wat told CNBC in an interview Friday.

One more soldier has lost his life in the Anantnag operations. He had been reported missing since yesterday.

With 400 new electric buses flagged off by Delhi C... moreWith 400 new electric buses flagged off by Delhi Chief Minister Arvind Kejriwal and LG VK Saxena from the IP State Depot on 5th September, Delhi is now ranked number 1 in the country in terms of deploying electric buses in the city.

The weapon Beijing launched over the South China Sea traveled at speeds of more than 15,000 miles an hour as it circled the globe. Flying at least 20 times the speed of sound, it could reach anywhere on earth in less than an hour. The summer 2021 test flight ended with the missile striking near a target in China, but it sent shock waves through Washington.

Berkeley Earth, which focuses on environmental data science and analysis, said last month was the warmest August since records began to be kept in 1850, with «particularly warm conditions» prevailing in parts of India, Japan, North Atlantic, Eastern Equatorial Pacific, Northern South America, Central America, parts of Africa and the Middle East. The National Oceanic and Atmospheric Administration (NOAA), a US government agency, said on Thursday that 2023 witnessed Earth's hottest August in its 174-year climate record. The sizzling month also marked the northern hemisphere's warmest meteorological summer and the southern hemisphere's warmest meteorological winter on record, the NOAA's National Centres for Environmental Information said. Berkeley Earth said August 2023 exceeded the previous record set in August 2016 by 0.31 degrees Celsius, «a surprisingly large margin, well outside the margin of uncertainty». Its researchers said: «We estimate that 13 per cent of the Earth's surface experienced its locally warmest August average, and 87 per cent of the Earth's surface was significantly warmer when compared to its local average during the period from 1951 to 1980.» In total, they estimated that 65 countries (mostly in the tropics) witnessed their warmest August on record. These countries include Bahrain, Barbados, Brazil, Cambodia, Cameroon, Chad, China, Colombia, Cuba, Iran, Iraq, Japan, Kenya, Mexico, Morocco, Niger, Panama, Peru, the Philippines, Qatar, Russia, Rwanda, Saudi Arabia, Sri Lanka, Sudan, Suriname, Turkiye, Venezuela and Yemen. Some of these countries broke their August records by extraordinary margins.

Ashwani Kumar, MD & CEO, UCO Bank, says “our target is to grow operating profit by 15% during this financial year and on a year-on-year basis and profit after tax is a play of provisions and going forward looking at the PCR, we are having around 94-95% PCR and our net NPA is already 1.19% and the provisioning requirements on a quarter-on-quarter basis, on year-on-year basis will come down. Our gross NPA is also coming down. It has come down to 4.48% this quarter and we will continue to see the declining trend in the remaining quarters as well and with all this in place, the ROA will improve in the coming quarters.”There is a section of the market which believes that the last few quarters of credit growth have been very strong. From here on, on the one hand, yes, there is festive season where credit generally perks up but the trend would be smoothening out. Is that a trend you see developing or do you see good growth on the credit side for next four to six quarters from current levels as well?First of all, I will give you a brief data point.

By Bhavik Patel

BERLIN (Reuters) — European Union quotas for sustainable aviation fuels (SAF), seen as an expensive but essential key to greener air travel, are not achievable by today's standards, according to the chief executive of Germany's Lufthansa .

Investing.com — The U.S. dollar retreated in early European trade Friday, while the euro rebounded from multi-month lows after the European Central Bank's latest meeting signaled the rate hike will be its last. 

persons with disability to avail assistive technology services to reduce the out-of-pocket payment.NITI Aayog has started discussions with the Indian Council of Medical Research (ICMR), World Health Organisation (WHO) and stakeholder ministries to firm up the blueprint for a national integrated policy on assistive devices, a senior government official told ET. India has an estimated 30 million persons with disability as per the 2011 census and over 5% of the people aged 60 years and above have some form of disability. Assistive technology (AT) includes any item, equipment, software programme or product system that is used to increase, maintain or improve the functional capabilities of persons with disabilities (PWDs). Besides this, ATs are also used to overcome the functional-loss related to senile changes such as a decrease in vision or hearing or locomotor disability in the human body and also in overcoming disabilities owing to intelletual or learning disabilities. “The Aayog is currently assessing the unmet need and potential of the sector following which it will propose targeted policy measures to improve access and reach of ATs in India and integrating them with the national health policy,” the official added. The idea is to come up with an economically viable model for assistive devices to enhance their affordability, adaptability and functionality while also strengthening indigenous research and development and promoting mass manufacturing of assistive devices in India. Under the United Nation Convention on the Human Rights of Persons with Disabilities (UNCRPD), access to appropriate AT is a fundamental human right and India has ratified the Convention. The existing Rights of Persons with Disabilities (RPwD) Act

Tata Motors Ltd. is in the process of creating specialized dealerships in India, specifically designed to cater to electric vehicles, as part of its strategy to further strengthen its position in the fast-growing electric vehicle market, as per Bloomberg. “We felt the need to create a different brand philosophy and personality for EVs.

V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services believes the real worry is that many small and micro caps of doubtful quality are also participating in the bull run, driven purely by emotion and momentum. In this segment, a crash is inevitable. In an interview with Mint, Vijayakumar explained why he thinks the market is ignoring risks. The market is buoyant with a year-to-date (YTD) return of about 11 per cent in the Nifty.

Federal Energy Minister Chris Bowen says electric planes will be in the skies and a green hydrogen industry will be up and running by the end of the decade, as Australia charts its course to net zero carbon emissions by 2050.

Macquarie Group’s highest-paid banker, Nick O’Kane, has urged the market to stay “open-minded” on decarbonisation technology and says investment in controversial carbon capture and storage systems is critical in the global race to hit net zero emissions targets.

Bajaj Auto share price jumped over 5 per cent to hit its fresh all-time high of ₹5,093.95 in morning trade on NSE on Friday (September 15). The stock opened at ₹4,894.90 against the previous close of ₹4,844.50 and jumped to its fresh record high with over 8 lakh shares changing hands on NSE. The stock saw sharp gains today amid reports that global brokerage firm BoFA Securities upgraded the stock to a ‘buy’ from a 'neutral'.