Target Financial News

₹51,000 crore for FY24 is lower than the previous year’s original target. The estimates for FY23 had been revised to ₹50,000 crore from an earlier target of ₹65,000 crore. As of September 2023, the government has been able to garner ₹5,600 crore, primarily from offers to sell a 3% stake in Coal India Ltd and 5.36% in Rail Vikas Nigam Ltd.

KYIV, Ukraine—Secretary of State Antony Blinken arrived in Ukraine on Wednesday in a visit aimed at signaling Washington’s support amid a slow-going counteroffensive and grumbling among some Republicans about the level of U.S. assistance for the country. Blinken is expected to announce more than $1 billion in additional aid for the country and to meet Ukrainian President Volodymyr Zelensky in the capital, a senior State Department official said.

renewable energy projects with more than 5 megawatt (MW) capacity to install energy storage systems (ESS). In its recently released national framework for promoting energy storage systems, the ministry of power said such ESS capacity may be considered during the bidding stage itself and can either be collated with the renewable energy project or integrated with any other storage located elsewhere.

By Marcela Ayres and Bernardo Caram

Haris Rauf led Pakistan's pace trio with four wickets to thump Bangladesh by seven wickets in the Super Four stage of the Asia Cup in Lahore on Wednesday. Rauf picked up 4-19 while pace partner Naseem Shah finished with 3-34 to bundle Bangladesh out for 193 runs in 38.4 overs to set up an easy win. Opener Imam-ul-Haq struck a brilliant 78 and Mohammad Rizwan an unbeaten 63 to help Pakistan chase down the target for three wickets in 39.3 overs. The win gives Pakistan an ideal start ahead of their highly charged match against India in Colombo on Sunday after the first game between the arch-rivals was abandoned due to rain last week. Haq built the innings after fellow opener Fakhar Zaman (20) and skipper Babar Azam (17) fell early, hitting four sixes and five boundaries in his 84-ball innings. Haq, who now has 19 ODI half centuries, added 85 for the third wicket with Rizwan before he was bowled by Mehidy Hasan Miraz with just 35 needed for victory. Rizwan, who hit seven boundaries and a six off 79 balls for his 19th half century, and Agha Salman 12 not out saw off the target with 63 balls remaining. Earlier, Pakistan's pace duo of Rauf and Naseem derailed Bangladesh who won the toss and batted on a flat Gaddafi Stadium pitch. The senior duo of Mushfiqur Rahim scored 64 for his 46th half-century while skipper Shakib Al Hasan, who hit 53, anchored the innings but once their stand of 100 for the fifth wicket was broken, Bangladesh's innings faltered. Shakib fell while hooking medium-fast bowler Faheem Ashraf in the 30th over, caught at the boundary.

By Ann Saphir and Michael S. Derby

renewable energy components, industry stakeholders have suggested that a production linked incentive scheme for components and sub-components makers in the wind energy would boost the sector. Speaking at a press briefing here, Amit Kansal, CEO and MD of Senvion India, said that if PLI scheme is implemented for components and sub components manufacturers, it will ensure scaling up of the manufacturing capacities installed. “The government of India’s scheme will also help in job creation and will give a boost to initiatives like 'Atmanirbhar Bharat' and 'Make In India'," Kansal added.

New Delhi: State-owned REC Ltd is looking at expanding its loan portfolio for green projects to ₹3 trillion by 2030, said its chairman and managing director Vivek Kumar Dewangan. Addressing the 54th annual general meeting (AGM) of the company, the CMD said that going forward REC would be known for its renewable energy initiatives across solar, wind, hybrid, and e-mobility projects, along with newer spaces like green hydrogen, green ammonia projects, round-the-clock projects and ethanol manufacturing.

Alteryx Inc, a data analytics software company with a market value of $2.2 billion, has been working with an investment bank to explore a potential sale after attracting takeover interest, according to people familiar with the matter. Fierce competition from big rivals such as Microsoft Corp and Oracle Corp, as well as setbacks in winning new business, have suppressed Alteryx's valuation and made it an acquisition target. Its shares had lost almost half their value in the last 12 months prior to news of its exploring a sale.

The U.S. Securities and Exchange Commission (SEC) has charged John A. DeSalvo, a former New Jersey State Correctional Police Officer, with fraudulently raising funds through the unregistered offering of the Blazar Token, a crypto asset security he created. The token saw its downfall in May 2022.

The Federal Bureau of Investigation (FBI) has recently alerted cryptocurrency firms about blockchain activities linked to the theft of a significant amount of cryptocurrency. Within the past day, the FBI has monitored cryptocurrency pilfered by actors affiliated with the Democratic People's Republic of Korea (DPRK), commonly known as North Korea. These actors, known as the TraderTraitor group, are also recognized as the Lazarus Group and APT38. The agency suspects that North Korea might try to liquidate the bitcoin, which is valued at over $40 million.

₹2-3 per order on its app on a pilot basis. The “small fee" has been introduced to “help us pay the bills so that we can keep Zomato running," the food delivery app’s order section shows. According to the company, the platform fee will be applicable for all its customers.

OTTAWA — The Bank of Canada was persuaded to hold its key interest rate steady on Wednesday as signs of a faltering economy emerge, but with inflation still above target, the central bank is walking a tight line to avoid fuelling speculation of rate cuts.

The Bank of Canada held its benchmark interest rate at five per cent on Sept. 6, with one economist predicting the bank’s next move could be a cut based on deteriorating economic data, though policymakers warned they could hike again.

The Bank of Canada held interest rates steady and kept the door open to further hikes, with economists seeing its historic tightening cycle at its likely end point.

reality that Indian states must play the primary role in climate change adaptation and mitigation. Hence, there is a need for new federal institutions to rebalance governance capacity with states. The Constitution gives the Centre the lead role in key realms of climate governance, such as mines and petroleum, industry and inter-state waters.

skipper Shakib Al Hasan (53) provided them some respite. Haris Rauf (4/19) and Naseem Shah (3/34) were the main wicket takers for Pakistan.

Jason Furman argues “The Fed Should Carefully Aim for a Higher Inflation Target" (op-ed, Aug. 21). Why does the Federal Reserve mark 2% as the inflation line in the first place? Boosting it to 2.5% or 3% doesn’t appear to be such a serious departure.

women entrepreneurs, these initiatives have highlighted the transformative potential of women-led entrepreneurship. These successes prompt us to ask: How can we enable all women to rise alongside men? The solution is multifaceted, encompassing equal opportunities in skills, education, access to finance, networks, and the implementation of a robust mentorship strategy. We can unlock unseen potential through a dynamic mentorship framework, catalysing broader social and economic growth.

Pakistan defeated Bangladesh by seven wickets in a Super 4 match of the Asia Cup here on Wednesday.

Pakistani authorities closed a key border crossing with landlocked Afghanistan on Wednesday shortly after border guards from the two sides exchanged fire, officials and residents said, in a sign of increasing tensions between the two neighbors. Reasons why the two sides exchanged fire were not immediately made clear, said Nasrullah Khan, an official in Torkham, a town in Pakistan's Khyber Pakhtunkhwa province. He said Pakistani government and military officials were in contact with their Afghan counterparts to defuse tensions. Abdul Mateen Qani, the Afghan Taliban-appointed spokesman for the Interior Ministry, confirmed the clash between Afghan and Pakistani forces. He said officials from both sides were attempting to find out what caused the clash and ways to prevent such incidents in the future. Pakistani authorities said dozens of trucks carrying perishable items, including vegetables and fruits, were waiting on both sides of the border for the reopening of the Torkham crossing, which is a vital commercial artery and trade route to Central Asian countries for Pakistan. The border closure comes two days after caretaker Pakistani Prime Minister Anwaar-ul-Haq Kakar said U.S.