Target Financial News

BHP has hosed down expectations for its iron ore division by providing weaker production guidance for the 2024 financial year than many analysts had expected.

Sisters Julie Stevanja and Sali Sasi had a hunch that an app targeting women like themselves offering exclusive deals and even cashback on high-end fashion purchases would be a success.

A federal judge says that his order blocking a Florida law targeting drag shows doesn’t just apply to the restaurant that brought a lawsuit challenging it but other venues in the state

Investing.com — Oil bulls might need a new scapegoat if the market doesn’t perform to their expectations.

Investing.com — Stocks were rising as investors took in a slew of corporate earnings, including a miss by Goldman Sachs (NYSE:GS) because of write-downs and a slump in investment banking.

NEW DELHI : The Union steel ministry has started industry consultations to frame India’s first stainless steel policy, an official aware of the matter said. The policy will aim to raise domestic capacity by nearly fivefold by 2047, from the current 6.6 million tonnes (mt) to 30 mt. A key objective of the policy is to reduce dependence on China for nickel, silicon and chromium, which are used to make stainless steel.

The United States Navy has written onerous change-of-control provisions into long-running contracts potentially worth billions of dollars with Austal, the ASX-listed shipbuilder fielding interest from acquisitive international firms.

Retirement planning is a moving target for many people, and that necessitates having a plan B or even a plan C, financial advisors say.

NHPC Ltd plans to take its clean energy subsidiary NHPC Renewable Energy Ltd (NREL) public or sell its stake to strategic investors through private placements in two-three years, Rajendra Prasad Goyal, director, finance, NHPC, said in an interview. The hydropower major is looking to add solar capacity, and once the projects in the pipeline are commissioned, they will be moved to NREL. Currently, NHPC’s green energy projects, primarily comprising solar power, are under the parent company, though the green energy subsidiary was incorporated in February 2022 for developing its renewable, small hydro and green hydrogen portfolio.“Our plan is to first develop projects under NHPC, and then we will demerge these projects and shift them to NHPC Renewable and then list the company, or bring in strategic investors to create more value.

Medical tourism in India has been growing at a galloping pace. Interestingly, among the top 10 countries from where medical tourists arrive, nine happen to be majority-Muslim: Bangladesh, Afghanistan, Indonesia, Oman, Turkey, Iraq, the UAE, Sudan and Nigeria, the other being Nepal. This is a true, measurable sign of India's rising stature in the world.

Piyush Goyal on Wednesday discussed the roadmap to achieve the target of USD 250 billion domestic textiles production and USD 100 billion exports by 2030. The Minister for Textiles, Consumer Affairs, Food and Public Distribution and Commerce and Industry highlighted the need for collective commitment to position India in the global market.

Strive Asset Management, the shareholder known on Wall Street for railing against corporate “wokeness" and whose co-founder, Vivek Ramaswamy, is running for president (https://www.wsj.com/articles/the-anti-woke-presidential-candidate-who-wants-to-crush-esg-and-gut-the-fed-a486fdc), is taking aim at fast-food giant McDonald’s over its diversity policies. Strive this week sent a letter to McDonald’s expressing concerns over the way the restaurant operator handles diversity, equity and inclusion.

Sat Pal Bhanoo has been appointed as the Managing Director of Life Insurance Corp (LIC) of India with effect from the date of assumption of charge. Bhanoo is currently serving as the Additional Zonal Manager of LIC in Bhopal. «Sat pal Bhanoo, Additional Zonal Manager (In-Charge) Zonal Office, LIC of India, Bhopal, has been appointed as Managing Director, LIC of India vice Siddhartha Mohanty (presently serving as Chairperson) with effect from the date of assumption of charge of Office and upto the date of his superannuation (31.12.2025), or until further orders, whichever is earlier,» the company said in a filing.

Microsoft said it plans to offer free some tools that can spot cyberattacks following last week’s disclosure of a major security breach linked to Chinese hackers that was undetectable for some customers. The decision to open up access to its back-end systems that log activity on the cloud came after Microsoft’s tiered payment system attracted criticism in the wake of an alleged Chinese cyber-espionage campaign, which the company said infiltrated its cloud-based email system and compromised inboxes at about two dozen organizations globally.

Goldman Sachs’s winding journey in consumer banking might be coming to an end. But its prolonged exit from its own investment holdings still has miles to go. With deal making in a slump, and capital markets and trading activity subdued or just starting to grow back, the second quarter was never going to be a stellar one for Goldman Sachs.

₹3,534 crore. Although a low base has helped to some extent, the performance bodes well for the company’s overall growth outlook. Shares of Polycab have risen by 10% in the last two days with the stock scaling a new 52-week high of ₹4,325.15 apiece on Wednesday.

UBS analysts indicated that the firm is positive on Meta Platforms (NASDAQ:META) into its upcoming earnings release, while they also raised the price target for Snap (NYSE:SNAP) to $14 from $10 in a note Wednesday.

Assam State AIDS Control Society (ASACS) stated that the number of HIV infection is on the rising trend in the state. ASACS since its inception has been working for prevention and treatment of HIV/AIDS through different phases of National AIDS Control Programme (NACP). At present ASACS is implementing the NACP 5.

Federal Bank has launched a QIP (qualified institutional placement) issue on Wednesday and fixed Rs 132.59 as the floor price, which is at a marginal discount to current share price. «The Bank, the credit, investment and raising capital committee of the Board has approved the opening of the issue today and adopted the preliminary placement document and the application form in connection with the issue,» the company said in a filing. The floor price of Federal Bank is fixed based on the pricing formula prescribed under Sebi regulations.

Indian Railways will reduce the types of passenger coaches on its network from 28 to two. “In the next five to six years, there will only be Linke Hofmann Busch (LHB) and Vande Bharat type coaches on the Indian Railways,” a top government official told ET, stating this is being done with the intent to help manage maintenance cost of the national transporter. “A profitable transport business is possible if the maintenance costs are managed.

National Hot Dog Day is an annual celebration of the iconic hot dog, a delicious sausage served in a soft roll. This special day takes place on the third Wednesday of July each year in the United States. Established by the National Hot Dog and Sausage Council in 1972, the aim is to recognize the hot dog as a beloved and popular American food. To mark National Hot Dog Day, there are various ways to join in the festivities. Some individuals prefer grilling hot dogs at home, while others opt to visit hot dog stands or restaurants for a delectable treat. Additionally, hot dog eating contests are a common feature of this celebratory day. Did you know that on average, Americans consume about 72 hot dogs per year? That's quite a significant number! So, if you're looking for a tasty and enjoyable way to honour National Hot Dog Day, make sure to savour a couple of mouthwatering hot dogs.