Target Financial News

Nifty displayed strength, primarily driven by strong demand for large-cap stocks. The overall trend remained robust as the index consistently stayed above a critical moving average. However, a significant hurdle for the Nifty came in the form of substantial Call writing at the 19900 strike price.

G20 Summit 2023: The G20 Summit has entered its final day today i.e. on 10 September. Prime Minister Narendra Modi will hold various meetings with eight global leaders including French President Emmanuel Macron, Canadian PM Justin Trudeau, Comoros, Turkey, UAE, South Korea, etc.

Ind vs Pak, Asia Cup 2023: In view of the prevailing weather conditions, the Asian Cricket Council (ACC) on 10 September has added an exclusive reserve day for the Super 4 match between India and Pakistan, which is scheduled to be held today i.e. on 10 September. However, there will not be a reserve day for any of the other Super 4 matches in Sri Lanka.

In the latest development surrounding the cryptocurrency landscape, the US Securities and Exchange Commission (SEC) has ignited fresh concerns by seeking a mid-case appeal in its lawsuit against Ripple. 

Russia launched an air attack on Kyiv early on Sunday, with blasts ringing out across the Ukrainian capital and its region for almost two hours and drone debris falling on several of the city's central districts, Ukrainian officials said. Ukraine's Land Forces said that the country's air defence systems destroyed 25 out of 32 Russia-launched Iran-made Shahed drones, most of which targeted Kyiv and the Kyiv region. Reuters witnesses heard at least five blasts across Kyiv, and Ukrainian media footage showed a number of cars damaged. «Drones came onto the capital in groups and from different directions,» Serhiy Popko, head of Kyiv's city military administration, said on the Telegram messaging app.Kyiv Mayor Vitali Klitschko said that one person was injured in the historic Podil neighbourhood and a fire broke out near one of the city's parks. Debris from downed drones fell on the Darnytskyi, Solomianskyi, Shevchenkivskyi, Sviatoshynskyi and Podil districts, Klitschko and the city's military administration said. In the Shevchenkivskyi district, drone debris sparked a fire in an apartment, which was quickly extinguished. There were no immediate reports of injuries, Popko said on the Telegram messaging app. There was no immediate comment from Russia about the attacks.

Apple is hosting a big tech event, titled ‘Wonderlust’, where the tech major is expected to launch its latest series of iPhones and Watch models.

RIL, Canara Bank and Tata Motors DVR are top 3 trading ideas of the week by Kunal Shah, Senior Technical & Derivative analyst at LKP Securities. "Reliance Industries has recently experienced a breakout on the daily chart, accompanied by a significant surge in trading volumes. This breakout suggests renewed bullish momentum in the stock," he says. Edited excerpts from an interview:Given the broad-based buying seen in the market last week, do you think Nifty will easily scale the 20,000 peak ignoring all the concerns around the spike in crude oil price and dollar? What are the targets?The market is currently characterized by bullish momentum, driven by increased participation from large-cap stocks.

This week, IPOs of three companies including RR Kabel, SAMHI Hotels, and Chavda Infra (SME), will open for subscription. «A strong pipeline of over USD 9 billion, which has been approved by capital markets regulator Sebi, and another USD 6 billion filed with the capital markets watchdog, of which USD 10 billion should fructify. Remaining fiscal 2023 looks promising for primary markets,» Mahavir Lunawat, Managing Director of Pantomath Capital Advisors. «Next week looks promising with IPOs like EMS Limited, RR Kabel among others on the horizon, targeting to raise cumulative funds amounting to Rs 3200+ crore,» Lunawat added. Further, it is encouraging to note that as the IPO market is sizzling, FPIs have poured over Rs 21,000 crore into IPOs in Apr-Aug’23, he said.Mainboard IPOsRR KabelThe initial public offer (IPO) of consumer electrical product maker RR Kabel would open for public subscription on September 13.

Shashi Tharoor’s ‘happy to agree with govt’ amid India vs Bharat row: Here’s why Hariprasad further referred to the contribution of community leaders like Janardhana Poojary, S. Bangarappa, and Kagodu Thimmappa, asserting that true social reformists do not need flashy possessions and implying that some individuals who wear luxury watches and traditional attire cannot claim to be true socialists.

Group of 20 leaders have agreed to triple renewable energy and try to increase the funds for climate change-related disasters but maintained the status quo with regards to phasing out carbon spewing coal

climate action funding in trillions of dollars instead of billions, pursue efforts to reach net zero target commitment by mid-century, triple renewable energy capacities by 2030 and reduce inefficient fuel subsidies in line with national circumstances, said the G20 New Delhi Declaration. In a major shift in climate finance vocabulary, the declaration quantified the sum required for developing countries to implement their climate goals by 2030 under Paris Agreement, $5.8-5.9 trillion, and an additional $4 trillion per year for clean energy technologies by the end of this decade to reach net zero emissions by 2050. This is said to be the first such quantification on climate finance at the G20. «In this regard, it is essential to align all relevant financial flows with these objectives while scaling up finance, capacity building and technology transfer on voluntary and mutually agreed terms, taking into account the priorities and needs of developing countries,» the declaration said as part of the 'Green Development Pact for a sustainable future'. Multilateral banking reforms and blended climate finance models apart, a multi-year G20 Technical Assistance Action Plan (TAAP) is envisaged to address data related barriers for climate investments. It also urged parties to set «an ambitious, transparent and trackable New Collective Quantified Goal (NCQG) of climate finance in 2024, from a floor of $100 billion a year», taking into account the needs and priorities of developing countries in fulfilling the objective of the UNFCCC and implementation of the Paris Agreement. On the long awaited $100 billion Green Climate Fund goal, the declaration said it will be met for the first time in 2023 by developed country contributors. «Recall

REC has signed an initial pact with PFC committing higher revenue from operations in FY24 and FY25, its CMD Vivek Kumar Dewangan said on Saturday. The memorandum of understanding has been signed as per the DPE (Department of Public Enterprises) Performance Evaluation System for FY24 and FY25 for Central Public Sector Enterprises, Dewangan told PTI. «As per the MoU, REC is committed to improving the revenue from operations from Rs 43,420 crore targeted in FY 2022-23 to Rs 46,935 crore in FY 2023-24 and Rs 56,322 crore in FY 2024-25,» he said. The Mou was signed on Friday between Dewangan and Parminder Chopra, CMD of Power Finance Corporation (PFC) in presence of other senior officials from of the companies, in Gurugram. REC, under Ministry of Power, is a leading infrastructure finance company with a net worth of over Rs 57,000 crore as on March 31, 2023.

digital privacy, Apple has swiftly released its emergency software update, IOS 16.6.1, in response to the discovery of Pegasus spyware. Here's everything you need to know about this critical update.

Narendra Modi on Saturday announced the launch of the Global Biofuels Alliance. A total of 19 countries and 12 international organizations have so far agreed to join the alliance, including both G20 members and non-member countries. India, Brazil and the US are the founding members of the alliance.

G20 leaders on Saturday called for a strong, sustainable, and inclusive growth as an answer to the uneven recovery the world has seen from the pandemic-infused plunder, and flagged trillions of dollar that countries would need to meet their climate goals and clean energy technologies. The New Delhi Declaration adopted at the Summit of leaders of the world's top 20 economies held under India's presidency also called for reforming of international financial institutions, managing debt vulnerabilities of low and middle-income countries and the start of exchange of tax-relevant information on crypto assets by 2027. The declaration called for accelerating efforts to phase down unabated coal power, phase-out of inefficient fossil fuel subsidies and low-cost financing for energy transition of developing countries. While developing countries need USD 5.8-5.9 trillion in the pre-2030 period for their climate goals, the world would need another USD 4 trillion per annum investment by 2030 to help reach net-zero carbon emission goal by 2050. Stating that cascading crises have posed challenges to long-term growth, the declaration called for well calibrated macroeconomic and structural policies to counter the challenge of an uneven recovery, and boost long-term growth.

the future of our people and our planet. It is with the philosophy of living in harmony with our surrounding ecosystem that we commit to concrete actions to address global challenges. 3.

New Delhi: Spain's vice-president Nadia Calvino on Saturday underscored the paramount importance of multilateralism and global collaboration in addressing climate change during the G20 Leaders’ Summit on Saturday. “There has been a very strong call for multilateralism and confidence in our joint ability to co-operate and to work together to face global challenges such as climate change during the discussion this morning," Calvino said on the sidelines of the G20 Leaders’ Summit after the first session on One Earth.

G20 countries on Saturday committed to expedite efforts to phase down unabated coal power in line with national circumstances and uphold their 2009 promise made in Pittsburgh to eliminate and rationalise inefficient fossil fuel subsidies.

Several thousand climate activists blocked a Dutch highway on Saturday in anger at billions of euros in government subsidies for industries that use oil, coal and gas

The IRS is launching an effort to crack down on 1,600 millionaires and 75 large business partnerships that owe hundreds of millions of dollars in past due taxes

G20 Summit, Indian Prime Minister Narendra Modi announced that a consensus declaration had been adopted, indicating that negotiators had resolved significant differences over the wording regarding the war in Ukraine. Calling the New DelhiDeclaration «historical and path breaking,» G20 Sherpa Amitabh Kant onFriday said that India got the «100 per cent» consensus on alldevelopmental and geo-political issues focussing on Strong, Sustainable, Balanced, and Inclusive Growth Accelerating Progress on SustainableDevelopment Goals. Here are excerpts from the declaration:UKRAINE: