Target Financial News

Onex Corp. is seeking US$750 million for a new fund dedicated to transportation investments, people familiar with the matter said, a test of its ability to raise money in a tough climate for private equity.

Canada’s luxury housing market has bounced back in recent months, but it’s also undergone a major change: the country’s four biggest markets can no longer be painted with the same broad brush.

Bank of America analysts reiterated a Neutral rating on Apple (NASDAQ:AAPL) stock heading into the FQ3 results. The Cupertino-based giant is set to report results after market close on August 3.

L&T Finance Holdings Ltd. reported a significant increase in its Profit After Tax (PAT) for Q1FY24, reaching Rs.

Inflation in the U.K. has fallen by more than anticipated to a 15-month low in a development that may ease the pressure for the Bank of England to raise interest rates sharply over the coming months

Russia unleashed intense overnight drone and missile attacks that officials said damaged critical port infrastructure in southern Ukraine, including grain and oil terminals, and wounded at least 12 people

Nifty took triple bottom support around 19,730 zones on an intra-day basis and rose sharply to close near 19,850 zones. «Both call and put writers played out aggressively at 19,800 strikes, with the bulls leading the battle by a fair margin ahead of the weekly expiry tomorrow (Thursday). The support for Nifty now shifts to 19,700 from 19,600.

Vladimir Putin will not attend a BRICS nations summit in South Africa next month, the country's presidency said on Wednesday, ending months of speculation. Putin's potential visit has been a thorny diplomatic issue for South Africa. The Russian leader is the target of an International Criminal Court arrest warrant — a provision that Pretoria as an ICC member would be expected to implement were he to set foot in the country. «By mutual agreement, President Vladimir Putin of the Russian Federation will not attend the summit, but the Russian Federation will be represented by Foreign Minister Mr (Sergei) Lavrov,» Vincent Magwenya, a spokesman for President Cyril Ramaphosa, said in a statement. The decision follows «a number of consultations» held by Ramaphosa in recent months, the most recent of which took place «last night,» Magwenya said.

Hero MotoCorp, has set a target to achieve 30 per cent of its sales on digital platforms by 2030. The company, which sold 54 lakh units of motorcycles and scooters in the last fiscal year, is also looking to have 30 per cent women workforce in the organisation by 2030.

Russia has appointed Chechnya’s agriculture minister as the new head of Danone’s business in the country and tapped a Russian businessman to run Carlsberg’s operations there, cementing control of the Western multinationals’ Russian assets days after they were seized. President Vladimir Putin on Sunday signed a decree that effectively placed the local operations of the French food company and Danish brewing giant under government management. Russia’s unexpected seizure of assets belonging to two of the world’s largest consumer-goods companies marked an escalation in economic hostilities with the West amid the war in Ukraine.

By David French

G20 Sherpa Amitabh Kant on Wednesday said the country should target 100% electrification of two and three-wheelers by 2030. He also said India should target that 65% of its state public transport should be electric by 2030. Kant said India requires a clear policy framework to achieve its electric mobility goals. He was addressing a side event organised by the NITI Aayog on 'Policy support and Enablers to Accelerate India's Electric Mobility during the ongoing fourth Energy Transitions Working Group meeting under India's G20 Presidency in Panaji.

NTPC share price gained over 5%, while SJVN shares rallied more than 9% on Wednesday after Goldman Sachs initiated coverage on the stocks with Buy ratings.  Goldman Sachs is of the view that India’s power sector is undergoing a generational shift. It believes that in India’s move to shift towards clean energy, the transition led business model upgrades and rising peak deficits will drive re-rating in power stocks.

Mint. “The airlines are certainly very eager to purchase more SAF, but some Indian airlines are the most price-sensitive anywhere in the world. Therefore, the challenge is to bring the cost of sustainable aviation fuel down because it currently is at 300-500% of traditional jet fuel." SAF is any fuel with properties similar to those of conventional jet fuel, but with lower carbon emissions.

macroeconomic outlook and highlights the need for further financial support to address the country's cash-strapped situation, PTI reported this citing The Dawn newspaper. The report is founded on the Memorandum of Economic and Fiscal Policies (MEFP), which was signed by Pakistan's Finance Minister Ishaq Dar and State Bank Governor Jameel Ahmed. The fund said, “Resolving Pakistan’s structural challenges, including long-term BOP [balance of payments] pressures, will require continued adjustment and creditor support beyond the current programme period." Last week, the IMF approved the USD 3 billion bailout program for Pakistan.

US equities rose Tuesday as results from Bank of America Corp. and Morgan Stanley bolstered bank shares, and a rally in stocks linked to artificial intelligence resumed.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

BJP's vote share during the recently-held panchayat polls in West Bengal, coupled with the unexpected resurgence of the Left and Congress, raises questions about the party's ambitious target of securing 35 Lok Sabha seats from the state in the 2024 elections. While the Bengal BJP narrowly maintained its main opposition position with a 22.88% vote share, down from 38% in 2021 assembly polls, the Left-Congress-ISF alliance has doubled its vote share to 20.80%, up from 10% in the previous state polls, posing a significant challenge.

The price of Bitcoin is currently trading at $30,095, experiencing a minor drop of less than 0.10% on Wednesday. 

Former Olympic rower and Wesfarmers chief executive Rob Scott has criticised the Andrews government for not considering a scaled-back version of the 2026 Commonwealth Games in Melbourne instead of scrapping them altogether.

Up-for-sale Ventura, one of the country’s largest bus operators, makes $300 million of revenue, has an “infrastructure-like risk profile” which is expected to get core-plus funds’ wheels spinning, and could serve as a platform to “to unlock national expansion”.