Target Financial News

The biggest tech antitrust trial in 25 years begins as the U.S. government targets Google's search dominance

Smurfit Kappa and WestRock are combining to create a global packaging company with a value of almost $20 billion

“There is no fixing Big Tech,” Cory Doctorow, a novelist and public-interest technologist who gained online fame with the blog “Boing Boing,” writes in his new book “The Internet Con: How To Seize The Means of Computation,” a manifesto for people who w...

NEW DELHI : Retail inflation moderated to 6.83% in August from a 15-month high of 7.44% in July due to easing vegetable prices, offering a measure of relief to the Indian central bank and bond investors. Consumer Price Index (CPI)-based inflation, however, continued to exceed the Reserve Bank of India’s (RBI’s) target range of 2-6%. A Mint poll of 18 economists estimated retail inflation to slow to 7% in August.

Hindalco Industries Ltd said on Tuesday it has signed a technology partnership with Italy-based Metra SpA, to bring the latest aluminium extrusion technology to India for building rail coaches. The company will set up an extrusion press in the country as part of the ₹2,000 crore investment that Kumar Mangalam Birla, chairman of the company, had announced during the company’s 64th annual general meeting (AGM) last month.

Fast-food workers in California are poised to get a $20 minimum wage next year under a deal announced Monday between labor unions and the restaurant industry, potentially killing a multimillion-dollar referendum that was slated to go on the state’s November 2024 ballot. Under the deal, state fast-food workers at chains with at least 60 national locations must be paid an hourly wage of $20 as of April 2024. California’s minimum wage is currently set at $15.50, and is poised to rise to $16 an hour in January.

NEW DELHI : The spectre of an additional tax on diesel vehicles rattled shares of top automakers on Tuesday before an official clarification that there was no such active proposal before the government. Earlier in the day, Union minister for road transport and highways Nitin Gadkari told an industry gathering that he would consider proposing an additional “pollution tax" on diesel engines if the industry doesn’t transition away from the “hazardous" fuel quickly enough. However, the minister later issued a clarification that said, “It is essential to clarify that there is no such proposal currently under active consideration by the government", and “it is imperative to actively embrace cleaner and greener alternative fuels.

NEW DELHI : The recently launched Global Biofuels Alliance will work on the definition and specification of biofuels, and also increase international cooperation through a virtual marketplace, said Union petroleum & natural gas minister Hardeep Singh Puri. The alliance was launched on 9 September with 19 countries and 12 international organizations agreeing to join. In an interview, Puri said India would increase its production of biofuels going ahead.

Demand for all three major fossil fuels—oil, coal and natural gas—will peak this decade, marking the “beginning of the end" of fossil fuels and a “historic turning point" in the world’s transition toward renewable energy, the head of the International Energy Agency said Tuesday. The IEA has been at the forefront of predictions that demand for fossil fuels is reaching its zenith, but it is the first time the Paris-based agency has predicted a peak in demand for all three energy sources.

By Prerana Bhat

₹2,000 crore. Interestingly, ‘deal value’ would also include the value of any investment in the target by any acquirer group entity in the last two years. The need to introduce new-age merger thresholds (alongside more traditional turnover-based thresholds) assumed significance after Facebook’s acquisition of WhatsApp escaped antitrust scrutiny despite its deal value being $19 billion.

In today's market update, Ripple has witnessed a decline of roughly 1.2%, bringing its current price to $0.4787. 

Household products and personal care sector can generate up to an additional USD 62 billion in annual business value by 2030 if it makes nature a central focus of its operations, a new research by the World Economic Forum (WEF) said on Tuesday. The projection is part of a broader USD 10.1-trillion business opportunity that could be unlocked by 2030 if more nature-positive solutions are embraced by the private sector, the WEF said. By emphasising on water stewardship, responsible sourcing, nature conservation, and circularity, household products and personal care sector can reshape its role in halting and reversing nature loss by 2030, the research titled Nature Positive: Role of the Household and Personal Care said. The sector currently generates around USD 700 billion in annual revenue, but sometimes at the expense of the environment. For instance, the cosmetics industry alone produces 120 billion packaging units a year.

Raghav Chadha on Tuesday condemned DMK leader Udayanidhi Stalin's remark on the Sanatan Dharma, but said statements made by some «small» leader from any party cannot be considered the official stand of the INDIA bloc. «I am from Sanatan Dharma. I condemn and oppose such statements. Such kind of statements should not be made.

TORONTO—The Canadian government is considering capping the number of international students it allows into the country as it scrambles to address a growing housing shortage. The move would mark a shift by Canadian Prime Minister Justin Trudeau, who has made boosting immigration central to his economic agenda.

More than one-third of Australian businesses are struggling to achieve their carbon emission reduction targets, according to a new survey.

Steve Clark was first tapped to be Ontario’s Minister of Municipal Affairs and Housing in 2018, his directions from Premier Doug Ford were clear: his ministry was not to touch Ontario’s Greenbelt and instead Clark was explicitly instructed to protect the 2-million acres of land around the Greater Toronto Area.Four years later, amid a housing shortage crisis, the Ford government tore up that pledge, throwing itself into a scandal that forced Clark and his chief of staff to resign.Global News obtained the 2018 mandate letters which contain the specific instructions given to the Ontario cabinet ministers by Premier Doug Ford after his inaugural election.For five years, the Ford government has fought to keep these letters private, asserting that they related to internal cabinet deliberations and should be kept confidential.Global News can exclusively reveal, for the first time, the contents of the letters in a new series, ‘Mandated.’Premier Doug Ford’s election in 2018 marked a sea change moment in Ontario politics.The Liberal government, which had been in power for 15 years, was brought to a crippling end, ushering in a people-centric government that was determined to not lose sight of ethics and accountability.In the build-up to the 2018 provincial election, Ford was forced to alter his campaign after touching what could be considered one of the third rails of Ontario politics: the Greenbelt.In February of that year, Ford was recorded on video promising his government would “open up a big chunk” of the Greenbelt for affordable housing developments.“I’ve already talked to some of the biggest developers in this country,” Ford said of his conversation with builders.

The Good Ship Canada is taking on water, and bringing in far too many unproductive crew, and its Captain Justin Trudeau simply re-arranges the deck chairs.

CALGARY — Alberta Investment Management Corp. (AIMCo) is opening its first Asian office, but the Edmonton-based fund manager says it will steer well clear of China to focus instead on markets with less geopolitical risk.

₹600 crore by selling scrap. Moreover, the centre is aiming to earn ₹1,000 crore by October. The centre managed to generate revenue of ₹600 crore till August by selling waste in the form of weeded out files, discarded equipment and obsolete vehicles, reported News18.

India vs Sri Lanka, Asia Cup 2023: India is in trouble against Sri Lanka at the R. Premadasa Stadium in Colombo. The middle and lower order batsman couldn't capitalize on the strong start provided by the openers Rohit Sharma and Shubman Gill.