Target Financial News

Macy’s heavily discounted spring goods to make room for fall and holiday merchandise in the face of customers’ cautious spending in a challenging economy

Dick’s Sporting Goods profit slipped in its second quarter and missed Wall Street’s expectations as the retailer cut its full-year profit outlook, citing worries over theft at its stores

Macy’s is expanding its small-store format into the West and Northeast in a bid to increase customer visits and add new shoppers

The Biden administration is spending $150 million to help owners of small parcels of forestland partner with private companies willing to pay them for carbon offsets and other environmental credits

By Medha Singh

With Goldman Sachs considering jettisoning the registered investment advisor business it bought just four years ago, two giant broker-dealer networks, LPL Financial and the recently rechristened Osaic, make intriguing potential buyers, one industry analyst said.

banking system has slipped into a deficit for the first time in FY24 as the Reserve Bank of India's (RBI) decision to impound a chunk of banks' extra funds — and hence reduce inflation risks — has led to a cash shortfall amid tax outflows. Daily central bank data showed that the RBI injected funds worth ₹23,644.4 crore into the banking system on August 21, marking the first infusion of cash since March 27. An injection of funds by the RBI reflects deficit liquidity conditions in the banking system. In its last policy statement on August 10, the RBI announced an incremental cash reserve ratio (ICRR) of 10% that banks must maintain on the rise in their deposits from May 19 to July 28.

wheat stocks held with the Food Corporation of India (FCI) is at its lowest in the month of August since 2017. However, the government has set a target of procuring 521 lakh metric tonnes of rice for the kharif marketing season 2023-24 against last year's 495 lakh metric tonnes. While the low stocks are worrying from inflation point of view, experts said it is not a concern from the food security angle. The total foodgrain stocks with the FCI on August 22 are 523.35 lakh metric tonnes, out of which 242.96 lakh metric tonnes are rice and 280.39 lakh metric tonnes is wheat. «While this is not worrying from a food security point of view since the stocks are still higher than the required norms, there is an overall hit to production this year which will keep the pressure on prices though government intervention by increasing domestic supplies can soften the price impact to some extent» said Dipti Deshpande, principal economist, Crisil, adding that India has historically stored more than required norms and so the current levels are not worrying. With acreage under rice increasing this kharif season, the country will be fine on the rice side, said Rahul Bajoria, MD & Head of EM Asia (ex-China) Economics, Barclays adding, «wheat could be a little bit of a worry.» Sowing of wheat happens in the rabi season which commences in October. The Centre's procurement of wheat under its minimum support price (MSP) program, which is crucial for keeping its wholesale rates under control, stood at around 26.14 million tonnes much below the target of 34 million tonnes. This has led the prices to stay firm, even during the harvest season, when they should be on the lower side.

₹8,000 crore to be spent on capital expenditure and acquisitions between 2021 and 2025. About 10% of the allocation was for acquisitions and company has already spent it. “We have already invested the allotted ₹600 crore- ₹800 crore for mergers & acquisitions (M&A), but we aren’t constrained by those targets, we are only constrained by opportunities and demand growth...We also have global ambitions in this.

₹5,279 crore. The Colgate brand has a significant share in India’s toothpaste segment. However, its portfolio under the Palmolive brand, offering products such as body wash and hand wash, is relatively small.

Aditya Birla Group company Hindalco Industries will be investing ₹ 2,000 crore in a copper and e-waste recycling facility, chairman Kumar Mangalam Birla said Tuesday. «Your company is making an investment of Rs.

emerging market anymore," Platen said. “There’s a very strong momentum in India as it welcomes investments, in infrastructure, sustainability and in R&D. Education levels here have changed in the last ten years.

₹50 crore from existing investors, International Market Management in UK and Hunch Ventures in India. In 2018, Indian venture capital firm Hunch Ventures took a significant minority stake in Dolomite Restaurants, owned by International Market Management (IMM), founded by Dolomite managing director Jasper Reid. This year IMM, Dolomite’s parent, sold its Wendy’s burger chain to Rebel Foods for an undisclosed sum.

Hindalco Industries Ltd has plans for a partnership with the railways and will invest about ₹2,000 crore to bring new extrusion and fabrication technologies to India, Kumar Mangalam Birla, chairman, Hindalco, said at the company’s 64th Annual General Meeting (AGM). “We are even more excited to partner Indian railways and the passenger coach manufacturing ecosystem for the ambitious high-speed Vande Bharat trains.

By Stephen Nellis

Global Investors Summit, 2023. CM Dhami has requested Prime Minister Narendra Modi to inaugurate the summit which is scheduled to be held in Uttarakhand in November this year. The meeting was held at Hotel Pacific, Dehradun.

NEW DELHI : The Centre has begun purchasing onions at ₹ 2,410 per quintal from Tuesday, consumer affairs and food minister Piyush Goyal said, as prices of the kitchen staple picked up and trading in the Agriculture Produce Market Committees remains suspended in Maharashtra. “The measure is being taken to ensure the interest of both farmers as well as consumers," he added. The FOB (Free on Board) price, which is the price goods are exported at, stood at $320 per quintal.

The space race India aims to win this week by landing first on the moon's south pole is about science, the politics of national prestige and a new frontier: money. India's Chandrayaan-3 is heading for a landing on the lunar south pole on Wednesday. If it succeeds, analysts and executives expect an immediate boost for the South Asian nation's nascent space industry.

real estate. So, what explains their popularity and why have they become popular only in recent years? There are several reasons. First, the rise of cheap smartphones and rock-bottom internet rates have led to increased individual content-viewing on smartphones, as opposed to families watching TV together earlier.

By Howard Schneider

MOSCOW (Reuters) — Russian President Vladimir Putin said on Tuesday that inflationary risks were rising and he told the government and central bank to keep the situation under control.