Target Financial News

lending rate to 5.25%, its highest level since February 2008. The central bank next meets in late September and is expected to raise rates again. The BOE will get one more consumer-price index reading, for the month of August, before that meeting.

Aviva and Admiral Group and by easing bond yields. The pan-European STOXX 600 advanced 0.2%, after closing at its lowest level in more than a month on Tuesday. European insurers added 0.5% as Admiral Group jumped 8.0% after the British motor and home insurer posted a marginal rise in its first-half pre-tax profit.

The comments come after a raft of recent figures that have stoked concerns over China's stuttering post-Covid recovery, and after US President Joe Biden said the country's mounting economic problems made it a «ticking time bomb». «After the smooth transition of the epidemic prevention and control, China's economic recovery is a wave-like development and a tortuous process, which will inevitably face difficulties and problems,» foreign ministry spokesman Wang Wenbin said at a regular press conference. «A number of Western politicians and media have hyped up the periodic problems in China's post-epidemic economic recovery process. But eventually, they will for sure be proven wrong,» he added. Retail sales, a key gauge of consumption, grew 2.5 percent year-on-year in July, the National Bureau of Statistics (NBS) said on Tuesday, down from 3.1 percent in June and falling short of analyst expectations.

Blockstream, a blockchain technology firm, expects to raise a target of about $50 million. It is expected that this amount will be used to purchase and store mining equipment that it expects to be undervalued in secondary markets, stated Cointelegraph.

Kumar Saurav will be spearheading the strategic division of the company as the chief strategic officer (CSO). Kumar joined AdCounty Media in 2018 as the global mobile business head with a vision to propel the company to worldwide recognition and nurture a culture that fosters excellence.

Subscriber growth at News Corporation’s local tabloids has stalled as the publisher grapples with how to reach an ambitious goal to increase the number of readers who pay for news.

Federal Opposition leader Peter Dutton will formalise the Coalition’s official position on nuclear power, including possibly overturning the 1998 ban, to take to the 2025 election, saying Labor was putting “party interests ahead of the national interest”.

₹7,706 crore in favour of Samsung India Electronics for extending credit to its subsidiary Reliance Jio for supply of telecom equipment, the company said on Wednesday. “The guarantee issued by the company is a continuing guarantee until all obligations are fulfilled by RJIL (Reliance Jio Infocomm Ltd.).

migrant workers who make up nearly a third of the workforce. Their contribution is a curious blind spot. Meanwhile, politics is tightly constrained, as is civil society: you may be arrested for holding up a placard with a smiley face.

RBI) upper tolerance limit of 6%, driven by high food and vegetable prices. The retail inflation in June was 4.81%. However, core inflation data was seen as a relief.

₹81.99 apiece levels, delivering around 44 per cent listing premium to its allottees. On NSE, SBFC Finance IPO listed at ₹82 per share levels. However, the newly listed share didn't end here only.

BEIJING — Without more stimulus, China is increasingly likely to miss its growth target of around 5% this year, economists said.

Carnarvon Energy boss Adrian Cook said Australia is losing some of its hard-earned reputation as a reliable jurisdiction for oil and gas investment at the hands of policy tinkering by the Albanese government.

Vodafone Idea (Vi) fell over 3% to Rs 8 in Wednesday's trade on BSE after the telecom operator reported a loss of Rs 7,840 crore for the quarter ended June 2023, which is higher than Rs 7,297 crore reported in the year-ago quarter and Rs 6,419 crore in the preceding March quarter. However, its revenue from operations rose by a marginal 2% to Rs 10,655 crore in the first quarter, compared with Rs 10,410 crore in the same quarter of last year. ARPU for the first quarter came in at Rs 139 as against Rs 135 in the previous quarter, showing a sequential growth of 2.9%.

Americans increased their purchases at retailers last month – for clothing, dining out, sporting goods and other areas – in a sign that solid consumer spending is still powering a resilient U.S. economy

₹1 trillion by the end of this decade, on its multiple green initiatives and is planning to scale up its renewable portfolio to 10 GW by 2030," it said. The Maharatna company is also actively exploring collaborations with leading players to leverage various low-carbon energy opportunities including renewables, green hydrogen, green ammonia and other derivatives of green hydrogen, the statement added. The company said that it has aligned itself with India's ambitious goals and is contributing to the nation's aim to curtail carbon emissions by 1 billion tons and simultaneously reduce carbon intensity by 45% by 2030.

Stocks that traded heavily or had substantial price changes Tuesday: D

Narendra Modi urged investors in Lok Sabha to bet on public sector bank (PSU) stocks, triggering a rally in the segment on Friday. This move, however, was not an aberration as investors have consistently been rewarded handsomely by investing in these stocks in various time frames.

NHPC with a target price of Rs 55. The current market price of NHPC is Rs 50.34.

Godrej Industries with a target price of Rs 524. The current market price of Godrej Industries is Rs 495.95.

SJVN with a target price of Rs 63. The current market price of SJVN is Rs 57.54.