Target Financial News

New Delhi: As the country has set ambitious net-zero and energy transition goals, sector experts have suggested that India will have to develop a vibrant low carbon manufacturing industry. In an interaction Vibha Dhawan, director, TERI said: “When we are talking of energy transition, it’s directly related to the sustainable development goals and what we are basically looking at that we have to develop a vibrant low carbon manufacturing industry." The statement gains significance as several industries exporting goods to the Europe are already preparing themselves to comply to the European Union’s Carbon Border Adjustment Mechanism (CBAM) which would come into force in October.

Nikola lost more than a quarter of its market value on Friday after the U.S. electric truck maker named its fourth CEO in as many years and reiterated for the third time this year its doubts about continuing as a going concern. The news came a day after shareholders approved a plan to issue more stock to bolster much-needed cash despite worries of dilution, as Phoenix-based Nikola navigates lingering supply chain snags and a pivot to hydrogen fuel-cell technology. The company said Chairman Stephen Girsky, a former General Motors executive, will immediately take over from Michael Lohscheller, who is stepping down due to a family health matter. Nikola's investors on Thursday approved a proposal that will allow the company to issue more shares. It needs USD 600 million to execute its business plan but it will not be entirely dilutive equity capital, Girsky said on a call with reporters. Before Friday's 26.4% fall — closing at USD 2.50 — Nikola's share price had soared nearly 60% this year.

Ukraine, the fog of war plagues soldiers. And far from the fighting, a related and just as disorienting miasma afflicts those who seek to understand what's happening in the vast war. Disinformation, misinformation and absent information all cloud civilians’ understanding.

Vijay Subramaniam, Group CEO and Founder, Collective Artists Network, told ET Online. The creator space presents a significant business opportunity as creators become an effective tool for brands to connect with their target audiences in an authentic manner, he said.

bond yields offer the latest test to a U.S. stock rally that has delivered hefty gains this year. The benchmark S&P 500 index is up 16.6% year to date, fueled by an improving economic outlook, excitement over developments in artificial intelligence and signs that the Federal Reserve is close to ending its market-bruising U.S.

Indian Railway Catering and Tourism Corporation (IRCTC) has issued an urgent warning about a malicious and widespread mobile app campaign. Fraudsters have been circulating phishing links on a large scale, attempting to deceive unsuspecting users into downloading a fake 'IRCTC Rail Connect' mobile app.

UBS Group AG is poised to make sweeping changes to the senior ranks of its investment banking division globally as soon as Monday, marking a new milestone in the process of integrating Credit Suisse, people familiar with the matter said. The changes are aimed at producing unified teams following the completion of UBS's emergency takeover in June of Credit Suisse. The changes are broad and involve several dealmaking groups, including healthcare, consumer/retail, financial sponsors and equity capital markets, the sources said.

Food and Drug Administration (FDA) has granted approval for the first-ever pill specifically designed to treat severe depression occurring after childbirth. Known as Zurzuvae, the oral medication offers new hope for thousands of new mothers in the United States who experience postpartum depression each year. Postpartum depression affects an estimated 400,000 individuals annually, and while many recover naturally within a few weeks, some may suffer for months or even years.

The Food and Drug Administration on Friday granted approval of the drug, Zurzuvae, for adults experiencing severe depression related to childbirth or pregnancy. The pill is taken once a day for 14 days. «Having access to an oral medication will be a beneficial option for many of these women coping with extreme, and sometimes life-threatening, feelings,» said Dr.

Vehicles have been set on fire in the South African city of Cape Town after a dispute between taxi drivers and local authorities earlier in the week sparked disorder

Months into the fallout from a damning short-selling report, shares for corporate raider and activist investor Carl Icahn’s conglomerate Icahn Enterprises plunged Friday after the firm halved its quarterly dividend

Make in India program, which offers incentives for manufacturing electronics and other high-tech goods locally, with eligible companies standing to recoup millions of dollars of their investments. The country initially targeted the program at smartphones and has since expanded it to other areas, including drones and semiconductors as well as tech hardware.

NEW DELHI : The Indian Railways will spend over ₹24,470 crore to redevelop 508 stations over the next year and a half to bring them on par with global standards. Prime Minister Narendra Modi will lay the foundation stone for the redevelopment over videoconferencing on 6 August. The stations to be redeveloped include 55 each in Uttar Pradesh and Rajasthan, 49 in Bihar, 44 in Maharashtra, 37 in West Bengal, 34 in Madhya Pradesh, 32 in Assam, 25 in Odisha, 22 in Punjab, 21 each in Gujarat and Telangana, 20 in Jharkhand, 18 each in Andhra Pradesh and Tamil Nadu, 15 in Haryana, and 13 in Karnataka.

Haryana Home Minister Anil Vij on Friday said 202 people have been arrested so far and 80 taken into preventive detention in connection with the communal clashes in Nuh. He also said the way bullets were fired from hillocks and stones collected on rooftops of buildings indicates that Nuh violence was pre-planned. In all, police have so far filed 102 FIRs in the matter.

State Bank of India (SBI) has been, is, and will continue to lead the home loan market, chairman Dinesh Khara asserted on Friday, saying its mortgage book is worth over Rs 6.52 lakh crore as of the June quarter, clipping on-year at close to 14 per cent. His assertion came when reporters asked about his views on the mortgage market after the exit of the pure-play lender HDFC from the market following its merger with HDFC Bank on July 1.

A string of random stabbings in South Korea has inspired online threats of copycat attacks and unnerved the country of 52 million, pushing officials to consider adding new criminal punishments such as life imprisonment without parole. Lawmakers and local media have referred to the knife-wielding incidents as “Don’t Ask Why" crimes, given the lack of clear motives behind the violence and indiscriminate victim targeting. South Korea, where strict firearm laws block nearly all civilians from gun ownership, had recently reported a decade-low level of crime, with its murder rate dropping to 1.3 homicides per 100,000 people, according to the latest government data.

home loan market, reported news agency PTI. On being asked about his views on the mortgage market following the exit of HDFC from the market after its merger with HDFC Bank on 1 July, Khara even said that SBI's mortgage book is worth over ₹6.52 lakh crore as of the June quarter, clipping on-year at close to 14 percent. Ahead of the merger, HDFC Bank has not been active on the home loan front as it used to sell a home loan account to its parent HDFC for a fee after sourcing.

Global Market Intelligence. That makes delivering significant new growth numbers a challenge that has lately been afflicting both. Amazon has posted single-digit year-on-year revenue growth for five of the last six quarters—a major slowdown from the mid-20% range the company averaged even before its pandemic sales boom.

MUMBAI/NEW DELHI : Foreign holidays, gold coins, travel vouchers, and cash incentives are some of the perks consumer electronic brands and retailers are offering store promoters and retail staff this festive season to accelerate sales. “We are doubling the incentives for our staff and also the brand promoters who work in the store. The brands are also expected to roll out higher incentives this festive season which can range from electronic goods to holiday packages," said Nikunj Patel, president of All India Mobile Retailers Association (AIMRA), Gujarat.

NEW DELHI : Mahindra & Mahindra Ltd’s decision to buy a 3.53% stake in private lender RBL Bank Ltd for ₹417 crore is not a sign of wavering capital allocation discipline, Anish Shah, managing director and chief executive of the Mumbai-based automaker said on Friday. Explaining the rationale behind the surprise move, Shah said the company will make targeted investments to drive returns and focus on execution to “show outperformance", unlike in the past where the execution of its capital allocation actions wasn’t “strong enough". He, however, added that M&M doesn’t have any plan to enter the banking business or raise its stake unless there is a “compelling strategic reason in the future".

Two statistics illustrate Canada’s disastrous economic outcomes in recent years and the bleak outlook. First, as Fraser Institute senior fellow and former Statistics Canada chief economic analyst Philip Cross observes in a recent study, Canada’s 10-year average real GDP growth per capita was its lowest since the Great Depression. And it’s not a problem we’ve imported: from the fourth quarter of 2015 to the fourth quarter of last year cumulative growth was about two per cent in Canada versus 12 per cent in the United States.