Target Financial News

NEW DELHI, BENGALURU : Sovereign wealth fund Qatar Investment Authority (QIA) has agreed to invest ₹8,278 crore ($1 billion) into the retail arm of Reliance Industries Ltd (RIL), marking a fresh round of investments into Reliance Retail Ventures Ltd (RRVL) after the country’s largest retailer raised ₹47,265 crore in 2021. QIA’s investment values RRVL at ₹8.28 trillion or $100 billion, twice its ₹4.21 trillion valuation in 2021.

Layer-1 blockchain project Near Protocol (NEAR) has jumped up +8% so far this week, amid an emerging bounce that could see NEAR reclaim position atop the 20DMA.

₹2.49 lakh ex-showroom price tag, makes the two-wheeler maker the only one in the category to have products in both the convenience or comfort category and sports segment in electric two-wheelers. It will also feed TVS’s export ambitions, as the company explores new markets in Europe, besides Latin America and neighbouring nations where it has an export presence, from the next fiscal. TVS is targeting doubling its electric vehicle sales to 40% of its portfolio by 2025, Venu told Mint, responding to when he expects sales of EVs to take over IC-engine products for the company.

Mumbai: Vegetable prices have started softening and will see an appreciable slowdown from September, according to Reserve bank of India governor Shaktikanta Das. Delivering the key note address at the Lalit Doshi Memorial Lecture, Das said that the outlook for cereal prices has brightened, thanks to supply side interventions. Das also said that even though core inflation remains high, the steady easing seen in the last few months indicates that monetary policy transmission is happening.

Competition Commission of India has slapped penalties totalling Rs 55 lakh on Abu Dhabi Investment Authority (ADIA) and TPG Group for making false declarations before the regulator while availing the green channel facility in a deal related to the acquisition of a stake in UPL Sustainable Agri Solutions Ltd (UPL SAS). The acquirers, ADIA and TPG Group, shall pay the penalty jointly and severally, the CCI order said. The transaction pertains to the combination comprising the acquisition of a stake in UPL SAS by Platinum Trust and TPG Upswing through the Upswing Trust, the CCI said in the order. Abu Dhabi Investment Authority is the sole beneficiary and settlor of the Platinum Trust, while TPG Upswing is a part of the TPG Group. In December 2022, the Competition Commission of India (CCI) received a notice jointly given by Platinum Trust, acting through Platinum Trustee, and TPG Upswing in relation to the combination.

Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: a buy initiation at Madison Square Garden Entertainment , and upgrades at Cognizant, VTEX, and Shift4 Payments.

By Nathan Layne

By Nivedita Balu and Fergal Smith

vegetable prices that caused an alarming spike in the latest monthly consumer inflation assessment should start easing next month following the arrival of fresh crops and join the broad directional trend on core inflation, Reserve Bank of India Governor Shaktikanta Das said Wednesday, but higher-than-mandated prints for the price gauge have lengthened the odds on a rate cut through the latter half of FY24. «On the positive side, inflation excluding food and fuel (core inflation) has softened by around 130 basis points from its recent peak. Although it is still elevated at 4.9 per cent, this steady easing of core inflation indicates tight monetary policy is working,” Governor Das said while delivering the Lalit Doshi Memorial Lecture in Mumbai.

With most sectors within the travel industry finally surpassing pre-pandemic levels of activity in 2023, our focus turns to the some of the greatest beneficiaries of this upswing: a selected quartet of airline stocks expected to post earnings growth of more than 50% this year.

light combat aircraft Tejas on Wednesday successfully test-fired an ASTRA beyond visual range (BVR) air-to-air missile off the coast of Goa, the ministry of defence said. "The missile release was successfully carried out from the aircraft at an altitude of about 20,000 ft," it added.

A story by Business Insider Wednesday, citing internal documents and unnamed sources, reports that electric vehicle maker, Tesla (NASDAQ:TSLA) has decided to cut their production targets for their German facility to 4,350 a week in July and August after hitting 5,000 a week in March with plans to reduce it further.

By Steve Scherer and Dale Smith

By Caroline Valetkevitch

The Federal Reserve may send financial markets a hawkish message when global central bankers meet at the Jackson Hole Economic Symposium this week.

SVB situation, rates actually went down in the spring. And there’s been an unwitting easing of financial conditions, which is feeding into a stronger second half for the U.S. economy.

CurveDAO (CRV) is continuing to tumble to rock-bottom prices more than a month after a dramatic exploit send shockwaves through the Curve Finance ecosystem - with spectators predicting Curve DAO token going to zero, will CRV sink-or-swim?

₹30,000 crore, mainly in pipelines, petrochemical projects and city gas distribution, over the next three years. The company's total capital expenditure for FY23 was ₹10,000 crore. "Company is growing steadily and creating infrastructure facilities across the nation.

Tamil Nadu, in collaboration with the World Economic Forum, hosted a public-private discussion on Tuesday which brought together over 20 business leaders to deliberate on establishing the 'India Centre for Advanced Manufacturing' in Chennai to support companies in their innovation, sustainability, and R&D endeavors. The discussion highlighted three key focus areas for the Centre — technology adoption and innovation, industry-academia engagement, and sustainable production. Participants from various sectors, including electronics, automobile, and general manufacturing, engaged in the dialogue alongside representatives from government bodies such as the MSME Department, TIDCO, and TNSDC. “Leapfrogging into the future of manufacturing using the principles of ‘Industry 4.0’ is crucial to achieving Chief Minister Stalin’s target of a $1 trillion economy in Tamil Nadu," T.R.B.

Hindustan Aeronautics (HAL) share price rose 3.5% to hit a new 52-week high on Wednesday's session as HAL manufactured Vikram lander, part of Chandrayaan-3 spacecraft is expected to land on the moon today. Hindustan Aeronautics' stock has risen for the past three sessions in a row, gaining 6%. HAL share price today opened at ₹3,914.95 apiece on BSE, and touched intraday high at ₹4,034 and low at ₹3,899.

New Delhi: It is not true that India is not reducing coal-based power generation capacity in the energy mix, a senor government official said, adding that the country is targeting over 64 per cent of non-fossil fuel-based capacity by 2030. India has set the target of having 500GW of renewable energy by 2030.