Target Financial News

I am a 27-year-old bank employee. I find myself consistently spending my entire salary each month. Along with a monthly rent of ₹15,000 for my PG accommodation, I also allocate a significant portion of my earnings towards eating out, travelling, movies, and other leisure activities. As of now, I have no dependents. How can I keep track of and control my monthly expenses so that I can start saving and make investments? —Name withheld on request Keeping track of expenditures is the first step in financial planning.

NEW DELHI : Public Sector Banks (PSBs) lent ₹4.12 trillion to state-backed corporations and public sector undertakings during 2022-23, down from ₹4.93 trillion during the previous year, finance minister Nirmala Sitharaman informed Parliament in a written response on Monday. Responding to questions by member of parliament, Velusamy P, Sitharaman informed the Lok Sabha that Canara Bank led the lending during 2022-23 to government backed entities at ₹187,813 crore during the recently concluded fiscal year, followed by Punjab National Bank ( ₹70,142.5 crore), State Bank of India ( ₹66,523.2 crore), Bank of India ( ₹25,147 crore), Bank of Baroda ( ₹15,706.8 crore), Union Bank of India ( ₹12,584.8 crore), Bank of Maharashtra ( ₹10,822.7 crore), Indian Bank ( ₹9,021 crore), Indian Overseas Bank ( ₹7,490 crore), Central Bank of India ( ₹3,949 crore), UCO Bank ( ₹2,939.4 crore), Punjab and Sind Bank ( ₹87.7 crore).

Pacific Ocean earmarked for controversial deep sea mineral mining is home to thousands of species unknown to science and more complex than previously understood, according to several new studies. Miners are eyeing an abyssal plain stretching between Hawaii and Mexico, known as the Clarion-Clipperton Zone (CCZ), for the rock-like «nodules» scattered across the seafloor that contain minerals used in clean energy technologies like electric car batteries.

Presidential candidate and Republican Florida Gov. Ron DeSantis is asking for an investigation of the state's investments in the company that makes Bud Light because of conservative backlash over a transgender social media influencer marketing the beve...

Russian authorities have accused Ukraine of launching a drone attack on Moscow during which one of the aircraft fell near the Defense Ministry’s main headquarters

Iranian authorities have shut down one of the offices of the country’s biggest e-commerce company and launched judicial procedures over the publication of photos showing female employees not wearing the Islamic headscarf

A major shipping group says there is still interest from ship owners in carrying Ukrainian grain through the Black Sea if they can mitigate the risk

When Chair Jerome Powell and other Federal Reserve officials gather this week for their latest decision on interest rates, they will do so on the cusp of achieving an elusive “soft landing” — the feat of curbing inflation without causing a deep recession

By Deborah Mary Sophia

Shares of Becton Dickinson (NYSE:BDX) climbed after its updated Alaris Infusion System received 510(k) clearance from the U.S. Food and Drug Administration, allowing it to return to full commercial operations. Alaris was previously restricted in the U.S. except for under medical necessity, and the change is seen as a positive catalyst for shares.

Investing.com -- Shares in Twilio Inc (NYSE:TWLO) inched down on Monday after analysts at RBC Capital Markets downgraded their rating of the cloud computing platform operator, citing «too much optimism» around the stock.

By Tim Hepher

In the past three years, states have been stressed with their finances—first due to the pandemic and then due to worries over the phaseout of the Centre’s compensation for possible losses from a switch to goods and services tax (GST). However, economic revival has helped states’ finances improve since then. Stable GST collections may also ensure—finally—modest growth in revenue collection this year.

₹4,12,227.1 crore to state-backed corporations and public sector undertakings during 2022-23, down from ₹4,93,379.2 crore in the previous year, finance minister Nirmala Sitharaman informed the Parliament in a written response on Monday. Responding to questions by member of parliament, Velusamy P, Sitharaman informed the Lok Sabha that Canara Bank led the lending during 2022-23 to government backed entities at ₹1,87,813 crore during the recently concluded fiscal year, followed by Punjab National Bank ( ₹70,142.5 crore), State Bank of India ( ₹66,523.2 crore), Bank of India ( ₹25,147 crore), Bank of Baroda ( ₹15,706.8 crore), Union Bank of India ( ₹12,584.8 crore), Bank of Maharashtra ( ₹10,822.7 crore), Indian Bank ( ₹9,021 crore), Indian Overseas Bank ( ₹7,490 crore), Central Bank of India ( ₹3,949 crore), UCO Bank ( ₹2,939.4 crore), and Punjab and Sind Bank ( ₹87.7 crore).

By Aby Jose Koilparambil

Tamilnad Mercantile Bank Ltd has set a target of 12-15 per cent growth on its deposits and advances during the current financial year, its MD and CEO said on Monday. The Tuticorin-headquartered bank, which has been operating for over 100 years, has recorded a 11.53 per cent on its net profit for the April-June 2023 quarter at Rs 261.23 crore as compared to Rs 234.21 crore registered in the same period of last year.

By Ellen Zhang and Kevin Yao

Bidders in the $US3.5 billion-plus ($5.2 billion) auction for BHP’s Queensland coal mines – Blackwater and Daunia – are competing to woo five Japanese commodities houses to join their camps.

Deloitte’s annual income jumped more than 14 per cent to $2.85 billion in the year to May and is on target to become the largest of the big four consulting firms this financial year thanks to the collapse in revenue at its once-dominant rival PwC.

India not to ratify the fisheries subsidies agreement agreed upon by the World Trade Organisation members in Geneva last year and instead commence talks for a comprehensive pact.Members of the Geneva-based WTO on June 17, 2022, secured a 'Geneva Package' which included agreements on curbing harmful fishing subsidies and temporary patent waivers for the production of COVID-19 vaccines. The fisheries agreement finalised would prohibit developed countries, engaged in distant water fishing, not to provide subsidies for illegal, unreported and unregulated fishing activities. However, the countries have to negotiate about the other issues of the agreement which include overfishing and overcapacity.

Ahmedabad: Seacoast Shipping Services Limited, a leading single-window logistics services provider headquartered in Ahmedabad, is providing an opportunity for both existing and non-existing shareholders to participate in the company’s growth by applying for shares in its ongoing Rights Issue. The Rights Issue of 20,20,05,000 fully paid-up equity shares commenced on July 21 and will remain open for subscription until August 2. Shareholders holding shares in the company on the record date of July 13 are entitled to three rights shares for every five shares held by them.