Target Financial News

Chinese leader Xi Jinping’s government is promising to drag the economy out of a crisis of confidence aggravated by tensions with Washington, wilting exports, job losses and anxiety among foreign companies about an expanded anti-spying law

“Our journey over the past four years has underscored the strength and potential of quant strategies in the Indian market, fueling our eagerness to witness their transformative impact on PMS,” says Sonam Srivastava, Founder & Fund Manager at Wright Research. In an interview with ETMarkets, Srivastava said: “This move towards technology isn't merely about operational efficiency; it's about reaching unprecedented levels of accuracy and consistency in the inherently unpredictable landscape of financial markets” Edited excerpts: Thanks for being part of the segment. Wright Research is moving from a research firm to PMS – the right extension of the services. Tell us why AI-driven, Quant-based PMS? It's great to be here! Wright Research's evolution into an AI-driven, Quant-based PMS feels like the right next step, in line with our commitment to informed decision-making rooted in data and quantitative analysis.

In a tragic incident, a suicide bomber targeted a political rally of the Jamiat Ulema Islam-Fazl (JUI-F) in Bajaur district, Pakistan, that killed at least 44 and left nearly 200 people wounded. The rally was being held in the town of Khar, a former stronghold of militants in Pakistan's north-western Khyber Pakhtunkhwa province. The explosion occurred as hundreds of supporters of the JUI-F party, led by an influential firebrand cleric, had gathered under a canopy for the event.

Day trading guide for today: On account of mixed global market trends, key benchmark indices of the Indian stock market ended lower on second day in a row. However, broad market indices continue to attract buying interest among Dalal Street bulls. NSE Nifty finished 13 points lower at 19,646 levels, BSE Sensex shed 106 points and closed at 66,160 mark while Bank Nifty index nosedived 211 points and ended at 45,468 levels.

Buy or sell stocks for today: Following mixed trend in global market, Indian stock market ended lower for second straight session. NSE Nifty ended 13 points lower at 19,646 levels, BSE Sensex lost 106 points and finished at 66,160 mark while Bank Nifty index corrected 211 points and closed at 45,468 levels.

Investing.com-- Gold prices kept to a tight range on Monday as investors awaited more major cues on the U.S. economy this week, while copper prices were muted ahead of key economic data from major importer China. 

BEIJING (Reuters) -China's manufacturing activity fell for a fourth straight month in July, albeit at a slower pace, an official factory survey showed on Monday, reinforcing the need for further policy support to boost domestic demand.

A jump in east coast gas prices helped offset the impact of declining LNG prices for takeover target Origin Energy, but domestic gas customers still on average paid less than half the rates struck in export markets.

investors know whether they have invested in the right funds and if their fund portfolio is on track. The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.Anjali Sharma wants to build a corpus of Rs.7 crore in five years. Here’s what the doctor has advised:PORTFOLIO CHECK-UP

By Leika Kihara

Slatestone Wealth chief market strategist Kenny Polcari shares his market outlook and discusses the impact of ‘Bidenomics’ on ‘Varney & Co.’

By Jibran Ahmad and Saud Mehsud

Reserve Bank of India has announced that Regional Rural Banks would be given more freedom to mobilise resources and to deploy them within their geographical boundaries. The RBI has highlighted that important forces boosting socio-economic growth are the financial activity of the banking industry. Rural development also means transformation of the rural population.

Pernod Ricard, world's second biggest distiller, is evaluating options to launch India-made premium spirits including whisky, rum and gin, to cash in on the surging demand for pricier and craft liquor products across segments. The French firm has already launched an Indian single malt currently being test-marketed in Mumbai and Goa, joining the league of companies such as Diageo and Radico Khaitan that launched high-end local brands such as Epitome Reserve and Rampur. Kartik Mohindra, chief marketing officer and head global business development, at Pernod Ricard India, said the Indian single malt, christened Seagram's Longitude 77, is going to be targeted at matured whisky consumers.

Private sector lender IDFC First Bank posted a 61% rise in net profit in the June quarter on the back of 36% growth in net interest income. Its loan book and deposit book grew by 25% and 44%, respectively, over a year ago. It also expects to continue growing at a steady pace.

₹1.44 trillion to the DEA fund. While private sector banks transferred ₹21,315 crore between 31 March 2019 and 31 March 2023, PSBs have transferred ₹1.22 trillion.

Australia needing 249 more runs with all wickets intact to beat England in the fifth Ashes test, setting up a potentially thrilling finish to a classic series. Rain had already frustrated both teams on the fourth day with Australia going to an early tea — which turned into stumps — on 135-0 in its second innings after 38 overs. Australia is chasing a target of 384 — 121 more than the ground record — after quickly dismissing England for 395 in the morning.

Verstappen emphatically won the Belgian Grand Prix on Sunday for an eighth straight win and 10th overall of a crushingly dominant season. He finished 22.3 seconds ahead of teammate Sergio Perez to give Red Bull and easy 1-2. It moved Verstappen ominously closer to a third straight world title and his own F1 record of 15 wins from last year.

By Andrew Osborn

Al-Qaeda is shaping its Indian subcontinent offshoot to spread its operations to Jammu and Kashmir, as well as to Bangladesh and Myanmar. The Al-Qaida core in Afghanistan remains stable at 30-60 members, while the number of Al-Qaeda fighters in that country is estimated to be 400, reaching 2,000 with family members and supporters included, according to the report prepared by the UN Security Council 1267 Sanctions & Associated Committee that deals with the ISIS and Al Qaeda. Al-Qaeda in the Indian Subcontinent (AQIS, which is not listed by the UN) has about 200 fighters, with Osama Mehmood being the emir, according to the report.

One drone targeting Moscow was shot down on the city's outskirts and two others were «suppressed by electronic warfare» and smashed into an office complex early on Sunday, the Russian defence ministry said, adding that there were no injuries. Moscow and its environs, lying about 500 kilometres (310 miles) from the Ukrainian border, had rarely been targeted during the conflict in Ukraine until several drone attacks this year. Following the attacks, Ukrainian President Volodymyr Zelensky warned that «war» was coming to Russia. «Gradually, the war is returning to the territory of Russia — to its symbolic centres and military bases, and this is an inevitable, natural and absolutely fair process,» Zelensky said on a visit to the western city of Ivano-Frankivsk.