Target Financial News

PTC India Financial Services (PFS) will undergo several management-level changes as the company steers towards an operational overhaul and new phase of growth, Mahendra Lodha, the company’s interim chief executive officer and managing director, said. In an interview, Lodha, who is also director of finance and chief financial officer, said PFS is looking at strengthening its team, including senior management. A new chief compliance officer and executive director for monitoring, disbursement and operations have also been appointed, who will soon join, he added.

Independence Day, the Punjab Police busted a terror module with the arrest of three people from Tarn Taran and also seized three pistols from them. Director General of Police Gaurav Yadav said the module was being operated by Czechia-based Gurdev Singh alias Jaisel.

Investing.com — Wednesday’s minutes of the Federal Reserve’s July meeting will be closely watched as investors look for guidance on the near-term path of interest rates. Retail sales data and retail earnings will give insights into the health of consumer spending while data out of China is expected to underline concerns over the faltering recovery in the world’s number two economy. Here’s what you need to know to start your week.

By Louis Juricic and Sarina Isaacs

Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Margeta and Deciphera Pharma, and downgrades at Southwest Airlines, FibroGen, and Stanley Black & Decker.

World Health Organisation (WHO) will organise the Traditional Medicine Global Summit on August 17 and 18 in Gujarat's Gandhinagar to explore the role of traditional, complementary and integrative medicine in addressing pressing health challenges, a statement said. Co-hosted by the government of India, the summit will also explore ways to realise the potential of evidence-based knowledge in the use of traditional medicine for people's health and well-being around the world, the statement issued by the WHO said. WHO director-general and regional directors, G20 health ministers and high-level invitees from countries across the WHO's six regions will participate in the summit. Scientists, practitioners of traditional medicine, health workers and members of civil society organisations will also take part in it. The summit will explore ways to scale up scientific advances and realise the potential of evidence-based knowledge in the use of traditional medicine for people's health and well-being around the world, the statement said.

₹51,000 crore from stake sales in state-run companies. In FY24, the government plans to privatise a host of companies such as Shipping Corporation of India, NMDC Steel, BEML, HLL Lifecare, Container Corporation of India and Vizag Steel. The government also plans to divest its holdings in IDBI Bank in the current fiscal year.

pigmentation diseases. The skin, hair and eye colour of humans is determined by the light-absorbing pigment known as melanin. «By understanding what regulates melanin, we can help protect lighter-skinned people from melanoma, or skin cancer,» Vivek Bajpai, the lead research author, said.

Neymar's potential move to Al-Hilal is making headlines, as the Saudi club reportedly offered the FC Barcelona target an enticing proposal. According to insider Fabrizio Romano, this «huge bid» has brought the Brazilian superstar one step closer to departing Paris Saint-Germain (PSG) and venturing into a new chapter with Al-Hilal.

general elections next year. Prices of fertilisers such as urea, di-ammonium phosphate (DAP) and ammonia shot up over the past month after falling towards the end of June. The trend of international prices cooling off from the highs sparked by Russia’s invasion of Ukraine in February 2022 has reversed.

The price-to-earnings ratio is a cornerstone concept of fundamental analysis, playing a crucial role in gauging the appeal of a company’s valuation. Although limited in its insights when used in isolation, it serves as an excellent initial screening tool.

Bitcoin on Ethereum Coin BTC20 has seen its price explode 600% 48 hours after launch, with 10x gains imminent. As crypto traders start to pile into the hot coin, it is on course to hit a market cap of $100 million.

Associated Press reported on Sunday. The report said that Pakistan security agencies have confirmed an attack on a convoy carrying Chinese engineers, but there was no confirmation from the officials in the Pakistan government. "BLA Majeed Brigade today targeted a convoy of Chinese engineers in Gwadar.

NTPC, has signed a memorandum of agreement (MoA) with the government of Arunachal Pradesh to jointly develop 2,620 MW hydroelectric projects. The MoA was signed at Itanagar on 8 August.

Lok Sabha elections due in April 2024, and before that a string of state assembly polls, Raisina Hill would like to see the Reserve Bank of India (RBI) start cutting rates sooner rather than later. Lower borrowing costs will allow it to craft a more election-friendly budget and signal to middle-class families repaying home loans that the cycle of rising monthly installments has ended. RBI’s interest-rate-setting committee has refrained from touching rates for three meetings in a row this year, including in the latest one, held from 8 to 10 August.

Tehreek-e-Insaf (PTI) party had won the positions of chairman to several tehsil councils in Peshawar’s local government by-elections. In any path forward, therefore, the PML-N, PPP and army face the reality of Khan’s continuing mass appeal.

Justin Cameron, the co-founder of online retailer SurfStitch, has snared $US27.5 million ($42.13 million) of funding from ABN AMRO in Europe for his ecological group of brands ranging from oat milk to cloth nappies.

Nifty remained predominantly rangebound, with the benchmark index slipping below 19,500. However, it did not experience a significant correction as traders chose to stay on the sidelines due to the upcoming holidays. From a technical standpoint, the Nifty continues to exhibit a bearish trend as it remains below the 21-day Exponential Moving Average (21-EMA).

Sydney buyout fund Pacific Equity Partners is targeting a slice of Australia’s burgeoning reverse mortgage market, snapping up a controlling stake in unlisted retirement funding provider, Household Capital.

inflation continued along a path of moderation that is bolstering prospects for an economic soft landing, while across the globe in China, consumer and producer prices fell in tandem. The US core consumer price index, a closely watched measure of underlying inflation, posted the smallest back-to-back advances since early 2021 and suggested central bankers will hold off raising interest rates next month. Meantime, deflation in China is a worrisome sign for global economic growth. Lending by Chinese banks last month was the weakest in more than a decade, further evidence of weak demand. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy:

Indian Air Force has inducted its latest Heron Mark 2 drones, which have strike capability and can carry out surveillance along the borders with both China and Pakistan in a single sortie itself. The four new Heron Mark-2 drones, which can be equipped with long-range missiles and other weapons systems, have been deployed at a forward air base in the northern sector, where Team witnessed their operations. The drones with satellite communication capability have given a long desired capability to the Indian Air Force, as its drones can operate at very long distances for close to 36 hours at a stretch and can also laser illuminate enemy targets from very long ranges to help fighter aircraft destroy them using their long-range weapons.