Target Financial News

gallium prices jumped 27% this week as buyers reacted to China’s move to control exports of the niche metal used in an array of high-tech industries. Beijing’s announcement on Monday has been viewed as a retaliation over recent trade restrictions targeting the country’s semiconductor industry, and comes amid broader efforts by the US and Europe to reduce its dominance in the supply chain for critical raw materials. The gallium market was well supplied before the announcement, but buyers are now moving to lock in shipments before the controls kick in, according to one trader who said he has been actively buying this week.

The S&P BSE Sensex fell more than 500 points while the Nifty50 closed below 19400 levels on Friday. India VIX was down by 2.60% from 11.84 to 11.53 levels on Friday.

“Lot of family offices and UHNIs are now actively investing in these bond strategies, and over the years it has become much more mainstream for capital allocators,” saysMohamed Irfan, Fund Manager at Vivriti AMC. In an interview with ETMarkets along with PMSBazzar, Irfan said: “A typical HNI/UHNI, depending on age and other goals – can allocate somewhere between 10% -20% in alternates. Within that, there could be private equity, venture capital etc.” Edited excerpts: Thanks for being part of the segment. Vivriti has a wide variety of fund catering to the credit market. Tell us more about the Mid-Market Performing Credit space and how you are addressing the financing gap in India? From our view, companies that have a good amount of vintage, profitability, and a proven business model form the bulk of the mid-market performing credit space.

Joe Biden confirmed the decision to send cluster bombs to Ukraine as part of a military aid package worth $800 million. He acknowledged the difficulty of the decision but emphasised Ukraine's need for ammunition. He also stated that he had discussed the matter with allies beforehand.

Day trading guide for today: Indian stock market snapped its seven day rally and ended in red territory on Friday last week. 50-stock index Nifty lost 165 points and closed at 19,331 levels, 30-stock index BSE Sensex dipped 505 points and ended at 65,280 levels while Bank Nifty index corrected 414 points and finished at 44,925 mark, losing the psychological 45,000 crucial support.

Buy or sell stocks for today: Snapping seven days rally, Indian stock market witnessed profit booking on Friday last week. 50-stock index NSE Nifty ended 165 points lower at 19,331 levels while BSE Sensex lost 505 points and closed at 65,280 mark.

retirement is a bug that bites many of us from time to time. Easy to romanticise and simplify, but somewhat tough to pull off. There are two primary questions I would ask.

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. Pravin Bhalerao is investing for multiple goals. Here’s what the doctor has advised him:PORTFOLIO CHECK-UP

Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for ConocoPhillips and Keurig Dr. Pepper; a downgrade for ConAgra; and a fresh Neutral rating for Lucid Group.

JSW Energy, part of the power industry space, has rallied over 14% in a week which led to a breakout on weekly charts from a 6-month (January-July) long consolidation.The momentum is on the upside, and short-term traders can look to buy the stock for a target of Rs 325 in the next few weeks, suggest experts.The stock rose from Rs 272 recorded on June 30th, 2023, to Rs 310 on 6th July 2023, an upside of nearly 14% in a week.

Queensland Liberal National Party leader David Crisafulli has rebuffed federal leader Peter Dutton’s push to repurpose the state’s retiring coal-fired power stations for nuclear power, saying it will never get off the ground without bipartisan support.

Meta will provide a one-off funding increase to its news offering in an attempt to crack down on misinformation in the lead up to the referendum over whether to introduce an Indigenous Voice to parliament.

A respite from the NSW government’s planned casino tax increase should have been a welcome relief for Star, but investors can be forgiven for still feeling uneasy.

MUMBAI : Shares of Reliance Industries Ltd (RIL), which have underperformed the broader market this year, are expected to get a sentiment boost this week following news about the upcoming demerger and listing of Jio Financial Services, as well as the buyout of minority shareholders in Reliance Retail, analysts said. The firm on Saturday informed exchanges about the National Company Law Tribunal approving the planned demerger, as well as the record date for the same.

PTI. "An outreach was conducted through the ministry and meetings and video conferences are being set up with the leadership of these companies," the news agency quoted an official as saying, who added there is also a plan to engage with people of Indian origin (PIO) under the initiative.

Bank of England Governor Andrew Bailey rejected the need for an inflation target higher than 2%, warning that changing the goal would «unpick expectations.» He told a conference in Aix-en-Provence in France that the BOE has flexibility built into its remit that can give the central bank longer to bring price growth down but that it was «critical that flexibility isn't confused with not pursuing 2%.» The BOE is grappling with inflation at 8.7%, over four times its remit. It raised rates by a surprise half point to 5% last month.

European Central Bank is nearly finished raising interest rates, but will then keep them at a «high plateau» to ensure they fully impact the economy, Governing Council member Francois Villeroy de Galhau said. The ECB's record cycle of tightening will bring inflation toward its target of 2% by 2025, the Bank of France governor said. Price growth in France has already passed its peak, slowing to 5.3% from above 7% earlier this year, he added.

Khalistani elements on Saturday. While no untoward incident took place as the countries responded with a show of strength and kept mobs at bay, India is looking for such strong security measures as a matter of norm to deal with future threats as well.

By Louis Juricic and Sarina Isaacs

Indian Space Research Organisation (ISRO) will soon transfer its Small Satellite Launch Vehicle (SSLV) to the private sector, after conducting two development flights of the rocket that seeks to provide on-demand services to put satellites weighing up to 500 kg in a low-earth orbit. The space agency has decided to opt for the bidding route to transfer the mini-rocket to the industry, a senior official said. «We will be transferring the SSLV completely to the private sector.

Shriram Housing Finance has raised $50 million in its maiden external commercial borrowing (ECB) as the lender is looking to diversify its funding source. Funds from the ECB will be used for the financing of affordable housing. The mortgage lender, which is part of the Shriram Group, has raised the fund from Canara Bank's London branch at 200 basis points over Secured Overnight Financing Rate (SOFR), a company official said.