Target Financial News
10.08 / 19:13
UPS
Target
Manufacturing
Action
Align
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Greater vigil for signs of persisting food inflation
MUMBAI : The Monetary Policy Committee (MPC), as widely expected, maintained status quo on policy actions, voting unanimously to hold the repo rate at 6.5%. The stance remained “focused on withdrawal of accommodation", with one dissent. On liquidity management, the instrumentality of the 10% incremental cash reserve ratio (CRR) was a bit of a surprise.
10.08 / 19:13
UPS
Target
country
In a pickle? The veggies behind the RBI rates
RBI) has decided to maintain the status quo and keep the repo rate—the rate at which it lends to banks—at 6.5%. This was largely because the RBI believes high inflation isn’t going away anytime soon. Mint examines the details: Retail inflation, which averaged at 6.7% during 2022-23, declined in May to 4.3%—very close to the RBI’s target of 4%.
10.08 / 18:47
10.08 / 18:01
Target
FIVE
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Predictable pause, and a CRR surprise
RBI’s) monetary policy committee (MPC) on Thursday kept the policy rate and stance unchanged for the third time in a row, citing the need to watch the evolving inflation trajectory amid adverse weather conditions. All MPC members voted for a pause in the repo rate at 6.5%. Five out of six members also voted for a continuation of the “withdrawal of accommodation" stance.
10.08 / 17:39
10.08 / 16:37
UPS
Target
Progressive
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Inflation as Banquo’s ghost: It’s back to haunt RBI’s policy panel
RBI) MPC was an exception to the rule. It was a relatively open-and-shut case, with markets unanimous that the MPC would opt for the status quo. Even so, there was just that soupçon of uncertainty up to the moment of Governor Shaktikanta Das’s statement on Thursday morning, confirming that yes, markets had called it right: The policy—or repo—rate, at which RBI infuses liquidity into the system, has been kept unchanged at 6.5% for the third successive time.
10.08 / 16:28
10.08 / 15:43
UPS
Target
Digital
CEO
Assurant
Align
Support
RBI's decision on interest rate to support growth, check inflation: Industry
Reserve Bank of India (RBI) left its key policy rates unchanged for a third straight meeting but signalled tighter policy if food prices drive inflation higher. The monetary policy committee (MPC), which has three members from the central bank and a similar number of external members, held the benchmark repurchase rate (repo) at 6.50 per cent in a unanimous decision.
10.08 / 15:43
Provident
Target
MET
Extreme
Action
country
Developed nations overconsuming carbon budget; very little left for countries like India: Govt
carbon budget, leaving countries like India with very little carbon space for the future, the government said on Thursday. Responding to a question by BJP MP CM Ramesh, Minister of State for Environment Ashwini Kumar Choubey told the Rajya Sabha that India is doing far more than its fair share to combat climate change.
10.08 / 15:37
UPS
Target
Pfizer
show
track
country
A New Omicron Subvariant, Dubbed ‘Eris,’ Heralds Covid-19’s Resurgence
Omicron variant gains momentum. The continued evolution of the virus is a reminder that Covid-19 remains a nuisance for many and a serious risk for some even though the disease is far less disruptive than it once was. A rising tide of virus concentrations in wastewater and infections in hospitals show Covid-19 remains unpredictable.
10.08 / 15:37
COST
Target
Amazon
Platform
Costs
Amazon Cuts Dozens of House Brands as It Battles Costs, Regulators
retail sales. Given the small size of the business relative to the regulatory issues it creates, the company last year discussed offering to exit from the business as a concession to the FTC if the agency followed through with its lawsuit, the Journal reported. It couldn’t be determined whether Amazon has offered to regulators to exit from the business.
10.08 / 15:37
COST
UPS
Target
Digital
Aware
show
Costs
Inflation, and Housing Costs, Are Set to Turn a Corner
Americans are paying more to rent or insure their homes than a few years ago and much more to buy one with a mortgage, but there’s a silver lining in that hardship: A cool-down could help convince the Federal Reserve to pause its series of interest rate hikes. Thursday’s report from the Labor Department on inflation showed that more than 90% of the increase in prices in July came from shelter. Other big contributors were things like motor vehicle insurance.
10.08 / 15:37
UPS
Lowe's
Target
Platform
stage
RBI’s emphasis on loan transparency is a relief
RBI) interest rate cycle, its hawkish policy undertone on Thursday must have let many down. Though RBI kept its main repo rate unchanged at 6.5% and stance focused on “withdrawal of accommodation," its inflation concerns set the stage for various scenes to unfold. To fend off a need to think beyond just pause or pivot when its rate-setting panel meets next, deft liquidity control will likely suffice.
10.08 / 14:51
Provident
Target
country
Renewables
pension
Exclusive-Canadian pension funds explore $6 billion sale of renewables firm Cubico -sources
By Isla Binnie and Andres Gonzalez
10.08 / 14:05
Target
MET
CEO
Power
clean energy
Tata Power Delhi Distribution achieves 26% clean energy procurement for third consecutive year
Tata Power Delhi Distribution on Thursday said it has fulfilled its renewable purchase obligation for the third year in a row and bought 26% of electricity from clean energy sources in 2022-23. Under the Renewable Purchase Obligation (RPO), discoms are required to source a fixed percentage of their total power purchase from renewable energy sources. ''Tata Power Delhi Distribution Ltd has fulfilled the RPO for the third consecutive year, a unique feat for any discom in the country,'' the company said in a statement.
10.08 / 13:43
Citi
Target
awards
star
Tottenham Hotspur
Harry Kane transfer update: Tottenham Hotspur soccer star could become Bayern Munich footballer but there's a catch
This is not the first time that he has been linked to transfer moves, earlier too the Bundesliga side has made many attempts to acquire the striker, but all the previous bids have been turned down. Their attempt was rejected as late as Monday and they threatened to move on to other targets. Spurs Decide To Sell Harry Kane
10.08 / 13:43
Target
Manufacturing
country
India set to emerge global production hub for medical devices: Union Minister Mansukh Mandaviya
medical devices through a holistic development of healthcare, pharmaceuticals and medical devices sectors, Union Minister Mansukh Mandaviya said on Thursday. Addressing a curtain raiser of India MedTech Expo 2023, to be held in Gandhinagar from August 17-19, the minister said the market size of Indian medical devices sector is likely to reach USD 50 billion in the coming years from the current USD 11 billion.
10.08 / 13:43
Citi
Target
awards
BJP charges Congress govt in Karnataka with 'collecting funds' for Lok Sabha polls
Ashoka on Thursday wondered whether the Congress government in Karnataka was allegedly engaged in 'fund collection' as part of preparations for the Lok Sabha elections. Speaking to reporters here, the former Deputy Chief Minister said the «prediction» made by Union Home Minister Amit Shah during the campaigning for the May Assembly elections that the Congress will use Karnataka like its ATM has come true.
10.08 / 13:01
COST
UPS
Lowe's
Target
show
Weekly
jobless claims
US consumer prices rise moderately in July; weekly jobless claims above expectations
WASHINGTON (Reuters) — U.S. consumer prices increased moderately in July amid lower costs for goods, including used motor vehicles, a trend that could persuade the Federal Reserve to leave interest rates unchanged next month.
10.08 / 12:45
COST
Target
U.S. inflation rose by slower-than-expected 3.2% in July
Investing.com — Annual U.S. inflation accelerated by less than expected in July and rose at roughly the same pace on a monthly basis, pointing to a possible easing in price pressures and potentially bolstering the case for the Federal Reserve to pull back from its long-standing cycle of interest rate increases.
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