Target Financial News

By early September, PointsBet shareholders should have a first taste of what Jay-Z-backed money feels like.

electric vehicle (EV) infrastructure within the priority sector lending category, a senior official said Saturday, a move that would come as a boost for the sector. «We have received a representation to include EV infra in the priority sector. We will look at reworking the priority sector lending (PSL) requirements for banks,» the official said, adding that the issue will be discussed with the Reserve Bank of India (RBI). The power ministry has also written a letter to the Department of Financial Services in this regard, the official said. According to RBI guidelines, it is mandatory for banks to extend 40% of their adjusted net bank credit to the priority sector.

Nifty index has declined to a significant moving average (55-EMA) support level. The sentiment is expected to stay bearish as long as the index remains below 19,450, where the 21-day Exponential Moving Average (EMA) is positioned on the daily timeframe. If the index decisively falls below 19240, it could potentially lead the Nifty towards the 19,000 mark.

RBI target leading to an elongated high interest rate cycle. However, corporate earnings are forecast to remain buoyant in Q2 due to a moderation in international costs (fuel, metals, and chemicals) and festival demand. The upswing in retail inflation observed in July at 7.44% warrants careful observation due to its potential upward risk.

National Australia Bank is preparing to hand down redundancies to about 10 per cent of the staff manning its 600-strong markets division, Street Talk can reveal.

AFP. In a press conference, Jacksonville Sheriff TK Waters said, “He targeted a certain group of people and that's Black people. That's what he said he wanted to kill.

China’s regulators face a losing battle convincing global funds to invest in the nation’s stocks unless market boosting efforts are accompanied by stronger stimulus to support growth. Officials have undertaken a flurry of measures in recent days to improve battered sentiment in the world’s second-largest stock market. They’ve urged financial institutions to snap up equities, encouraged companies to boost buybacks, and asked mutual funds to stop selling.

A federal jury in Chicago has convicted a former chief of staff to longtime Illinois House Speaker Michael Madigan of lying under oath to protect his once-powerful boss

Indian women's team emerged victorious by a margin of eight wickets, thereby commencing their campaign in a truly impressive manner. Effectively curtailing Australia to a total of 59/6, India adeptly chased down the set target without much ado. Subsequently, in their subsequent encounter with England, the Indian team exhibited an explosive performance, amassing a total of 268/2 within 20 overs.

Alliance for Net Zero) and chair and head of Transition Investing, Brookfield Asset Management, said that there will be an enormous amount of capital required to finance the climate transition. "We need to focus on transition finance, particularly for the challenging hard-to-abate sectors and the workers and communities associated with these sectors," Carney said.

Novak Djokovic has spent nearly his entire professional career chasing the twin targets of Roger Federer and Rafael Nadal. By the time he won his first Grand Slam tournament, in 2008, the other two had 15 major titles between them. Fifteen years later, those twin monuments to sporting greatness are all but gone.

CRPF on Saturday inducted WhAP vehicles, designed both for land and water operations in the Kashmir Valley, adding to the paramilitary force's operational capabilities, officials said. The force demonstrated the vehicle's capabilities at Lethpora in south Kashmir's Pulwama district. Two Wheeled Armoured Amphibious Platform (WhAP) vehicles have been deployed in south Kashmir to aid anti-militancy operations, the officials said. The 8-by-8 vehicle is a state-of-the-art platform.

NCCF) on Saturday said it has purchased 2,826 tonnes of onion at Rs 2,410 per quintal directly from farmers in the last four days mostly from Maharashtra as it resumed procurement of the bulb for a higher buffer stock. The government enhanced the onion buffer stock target from 3 lakh tonnes to 5 lakh tonnes this year. Two cooperatives, NCCF and NAFED, have been mandated to procure 1 lakh tonnes each directly from farmers at Rs 2,410 per quintal to avoid panic selling amid the imposition of an export curb to control domestic prices. The two cooperatives are also disposing of the government's buffer stock of onion in both wholesale and retail markets to control the rising retail prices of onion, which at present are ruling up to Rs 60 per kg depending on the quality in Delhi and other cities. Speaking with PTI, NCCF Managing Director Anice Joseph Chandra said the cooperative commenced the procurement directly from farmers on August 22 in both Maharashtra and Madhya Pradesh.

Gold rate today: Following mixed trend throughout the week as investors were waiting for the final outcome of Jackson Home meeting. However, the yellow metal continue to bounced back from the lower support levels and its crucial ₹58,000 per 10 gm levels on Multi Commodity Exchange (MCX) and $1,900 per ounce levels in international market remained sacrosanct.

Buy or sell stocks: Indian stock market plunged, an all-round sell off on Friday tracking weak global cues. NSE Nifty lost 120 points and closed at 19,265, BSE Sensex shed 365 points and ended at 64,886 levels while Bank Nifty index corrected 264 points and finished at 44,231 mark. Nifty Mid-cap Index underperformed the Nifty with a large margin by falling 0.82 per cent in today’s session.

housing sector is showing signs of picking back up." There were some hawkish-sounding aspects to what Powell said, including a pledge to raise rates further if necessary, and that appeared to spook investors at first, with stocks falling in early trading. But the substance of what Powell said indicated that if another hike comes, it probably won’t occur when policy makers meet next month. And his assessment that the central bank is now “in a position to proceed carefully," suggests the Fed isn’t in a rush to do much of anything.

Shivalik Bimetal Controls have rallied by a massive 17,600% in the last 10 years, offering jaw-dropping returns to investors. If one would have invested about Rs 10,000 in stock a decade ago, the amount could have swelled to over Rs 17 lakh, according to an analysis by ET Markets. The shares have delivered solid returns in the last three years, too, with a 2150% rise, and gained about 400% in the same period. Shivalik Bimetal Controls is a company specialised in the joining of material through various methods such as diffusion bonding, electron beam welding, solder reflow and resistance welding. It has a market capitalisation of about Rs 3,204 crore and an EPS of 13.22 on a trailing twelve month (TTM) basis.

dollar held steady on Friday, on pace to finish the week strong, after Federal Reserve Chair Jerome Powell said the central bank may need to raise interest rates further to ensure inflation is contained, but promised to move «carefully» at upcoming meetings. Powell, in a speech at an economic summit in Jackson Hole, Wyoming, said policymakers would «proceed carefully as we decide whether to tighten further,» but also made clear that the central bank has not yet concluded that its benchmark interest rate is high enough to be sure that inflation returns to the 2% target. The U.S.

financial inclusion model and move much faster, said Dinesh Kumar Khara, SBI Chairman, on Thursday. “If you look at it in our country, I think it's a lesson for all of the globe on how the payment system could be so efficient, cheap and economical,” Khara said in an exclusive interview with ET on the sidelines of B20 Summit organized by CII in New Delhi. Khara noted that if Jan Dhan had been a pure vanilla account, people would not have shown so much interest in the scheme and it is the addition of services which has given it nuance. “Now it has gone beyond.

Decentralized finance (DeFi) platform Curve Finance has announced its plan to refund users affected by the recent attack that resulted in a loss of $62 million. The incident, which occurred on July 30, 2023, involved a malicious hacker exploiting security vulnerabilities in Curve Finance's Vyper compiler, specifically targeting versions 0.2.15 to 0.3.0.

The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said in a closely watched speech that also highlighted the uncertain nature of the economic outlook