Target Financial News

L&T Finance Holdings, a prominent financial services player, had a strong base on the daily charts earlier in August and has already rallied by over 11%, which suggests the momentum is here to stay.Medium-term investors can look to accumulate the stock for a target around July highs, said experts.The momentum has pushed the stock above the 50-DMA and 50-EMA on the daily charts, which has opened room for the stock to head towards Rs 140 levels,

TPG Telecom’s investors will have to wait a little longer to learn the fate of Vocus Group’s $6.3 billion bid to carve out its non-mobile fibre assets, which was revealed by Street Talk on August 1.

A 46% pay raise

Investing.com — Stocks were weaker on Tuesday, kicking off a holiday-shortened trading week as oil prices surged.

MEXICO CITY (Reuters) — Mexican inflation likely slowed in August for the seventh straight month, with the closely watched core index expected to return to 2021 levels, a Reuters poll showed on Tuesday.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

By Michael S. Derby

India a refuelling hub for green ships backed by its target of producing the cheapest green hydrogen, ammonia and methanol in the world, power and renewable energy minister RK Singh said on Tuesday. «The shipping world will go green. Just give it 5-7 years or 10 years.

Indo-Pacific Economic Framework (IPEF) next week, officials have said it is not necessary for India to take a call on joining the trade pillar of the pact by the target conclusion date of November. Negotiators said India can join the IPEF trade pillar later, but there is a need to build consensus. While the supply chain agreement of the IPEF is awaiting comments from various ministries before it is sent for Cabinet approval, officials said negotiations on clean economy and fair economy are progressing well. New Delhi has an observer status on the trade pillar negotiations which deal with commitments required on environment, labour, agriculture, digital trade and public procurement.

Competition Commission of India (CCI) has sought to widen the definition of deal value for big-ticket merger and acquisition (M&A) exercise to include «every valuable consideration, whether direct or indirect, immediate or deferred, cash or otherwise», according to its draft Combinations Regulations 2023. Experts said such regulations, once finalised, will likely impact deals in sectors, including technology, infrastructure and healthcare, and lead to a surge in filings with the competition regulator.

NEW DELHI : Several foreign-owned or controlled companies (FOCCs) are under the Reserve Bank of India’s (RBI) scrutiny for alleged violation of foreign exchange rules, two people privy to the development said. The companies have received notices from the regulator inquiring whether they would want to settle the case, the people said on condition of anonymity. If firms don’t settle the case, RBI can pass orders.

Mint reported that India was holding discussions with Namibia, Mozambique and Kenya to enter into commercial partnerships for launching UPI in the markets. “We have specific objectives for popularising and internationalising Rupay and UPI," he added. Ritesh Shukla, the international chief executive of NPCI, recently said the number of countries using UPI will double in 12-18 months.

Nirmala Sitharaman has emphasized that the focus of the Indian G20 presidency’s finance track was to strengthen multilateral development banks (MDBs) to address the mounting debt challenges faced by developing economies. The G20 under Indian presidency is also working on solutions that can constructively contribute to the efforts that MDBs are undertaking.

Zambia has agreed to return control of Konkola Copper Mines (KCM) to Vedanta Resources, mines minister Paul Kabuswe said on Tuesday, ending a row over the ownership of the assets that erupted in 2019 when authorities seized the mines. The government, which owns a 20% stake in KCM through ZCCM-IH, will allow Vedanta to resume control and operate KCM's mines and smelter after the company renewed a pledge to invest more than $1.2 billion to increase output and repay outstanding debts, Kabuswe said. A shareholders' agreement is being reworked to make the commitments from both shareholders legally binding, Kabuswe added. The legal details of the agreement and reinstatement of the KCM board, would be finalised within the next three months, the minister said. Ties between Zambia and Vedanta, owned by billionaire Anil Agarwal, soured after former President Edgar Lungu's government orchestrated the seizure of the KCM assets and forced liquidation in May 2019, accusing the Indian company of failing to meet plans to invest in increasing mining output. The forced takeover nearly paralysed operations at the KCM and triggered protracted battles, with Vedanta mounting legal battles including approaching an arbitration court in London to recover the copper assets. «It is not a secret that the asset has deteriorated a great deal and the production output has substantially reduced,» Kabuswe told journalists in Lusaka.

Keysight Technologies (NYSE:KEYS) and Belden (NYSE:BDC) were upgraded to Buy from Neutral by Goldman Sachs analysts on Tuesday.

₹3,000-5,000) to test the waters. In a few years, you saw the growth (potential) of mutual funds and decided to invest more. And now, you invest ₹15,000-20,000 per month.

This renewed caution is due to the emergence of two new variants: Omicron EG.5 (Eris), predominant in the US, and the spreading BA.2.86 variant. The World Health Organization (WHO) classifies EG.5 as a «variant of interest» as cases increase worldwide. While EG.5 doesn't appear substantially more dangerous than other variants, health officials remain vigilant. The situation underscores the importance of vaccination, mask-wearing, and adherence to public health guidelines, particularly among vulnerable populations.

Birla Corporation has drawn up a strategy to augment its cement production capacity to 25 million tonnes by the 2025-26 fiscal from the existing 20 million tonnes, officials said on Tuesday. The cement maker is planning to meet its targeted production by increasing capacity utilisation at its Mukutban plant in Maharashtra, setting up the second clinker unit at Maihar in Madhya Pradesh and constructing new grinding units. «With the commissioning of Mukutban plant, we have virtually ring-fenced our core market of central India — which we can service seamlessly from our six plants, namely Maihar, Satna, Kundangunj, Raebareli, Chanderia, and now, Mukutban. »The strategic location of these plants and standardisation of product quality allow us to interchange source of supplies to maximise realisation and serviceability for our customers," Birla Corporation Chairman Harsh V Lodha told shareholders during the 103rd annual general meeting of the company here. With the increasing capacity utilisation of the Mukutban unit, the company is confident of increasing its market share in the premium cement segment in that state, where other major players are active.

By Svea Herbst-Bayliss and Helen Coster

But despite making significant progress, inflation remains above the Fed's long-term target of two percent. Meanwhile, the US jobs market has shown growing signs of softening in recent months, a key precondition for the Fed to contemplate an end to its cycle of monetary tightening. «That was a helluva good week of data we got last week, and the key thing out of it is it's going to allow us to proceed carefully,» Fed governor Christopher Waller said in an interview with CNBC, referring in part to last week's jobs data. «There’s nothing that is saying we need to do anything imminent any time soon, so we can just sit there, wait for the data, see if things continue,» he added. Waller's comments follow a similarly cautious view to Fed Chair Jerome Powell, who told the Jackson Hole economic symposium in Wyoming at the end of August that the Fed would proceed «carefully» from now on. Investors and analysts overwhelmingly expect the Fed to pause its hiking cycle at its next rate-setting meeting on September 19-20, while keeping the prospect of another hike later in the year alive. Futures traders currently put the probability of a rate pause in September at 95 percent, and the chance of another hike in November at around 40 percent, according to data from CME Group. On Tuesday Waller indicated the Fed should keep its options open in the months ahead. «I don’t think one more hike would necessarily throw the economy into a recession if we did feel we needed to do one,» he told CNBC.

NEW DELHI : E-cigarettes have undergone consistent technological upgrades, resulting in devices that are more functional and visually appealing to children and young adults, experts said on Tuesday. They also stressed on the need to expose the manipulations by e-cigarette marketeers and empower children to resist these influences.