Target Financial News

Mankind Pharma, a recent entrant to the stock exchanges, has been included in several Nifty indices, including Nifty500, Nifty Midcap150, Nifty Midcap100 and Nifty200. The decision was taken at a meeting of the index maintenance sub-committee. Mankind Pharma, whose IPO was one of the largest this year, made a healthy debut on the exchanges in May.

Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: a buy initiation at Amazon, as well as upgrades at Southern, ACM Research, and Lazard.

Nirmala Sitharaman is scheduled to meet chiefs of public sector banks (PSBs) on Thursday and review their financial performance. This is going to be the first review meeting after the 2022-23 financial results. In the last fiscal, PSBs together posted a record profit of Rs 1.04 lakh crore, with market leader State Bank of India (SBI) accounting for nearly half of the total earnings.

carbon dioxide emissions — 41 billion tonnes in 2022 — has thrust once-marginal options for capping or reducing CO2 in the atmosphere to centre stage in climate policy and investment. Carbon capture and storage (CCS) and direct air capture (DAC) are both complex industrial processes that isolate CO2 but these newly booming technologies are fundamentally different and often conflated.

Australian Prime Minister Anthony Albanese Tuesday defended his country's Ashes cricket team, after Rishi Sunak—his UK counterpart—said a dismissal during the second test was against the spirit of the game. With England on 193-5 and chasing a mammoth target of 371, Australia wicketkeeper Alex Carey underarmed the ball at the stumps after batsman Jonny Bairstow left his crease at the end of an over during the fifth day of the match. The dismissal triggered long and loud booing from the crowd at Lord's and saw premiers of both the countries weighing in behind their skippers.

New Delhi: The government is set to host the International Conference on Green Hydrogen (ICGH-2023) in New Delhi from 5-7 July, 2023. The conference aims to bring together global leaders in scientific research, policy-making, academia, and industry to discuss advancements and emerging technologies in the green hydrogen sector. Organized by the ministry of new and renewable energy in collaboration with the ministry of petroleum and natural gas, council of scientific and industrial research, office of the principal scientific advisor to the government, and the Confederation of Indian Industry (CII), the conference seeks to foster a sustainable ecosystem in the green hydrogen sector.

New Delhi: Reliance Jio's new internet enabled 4G featurephone at ₹999 could disrupt the 2G market and help Jio gain market share by revenue as well as gain about 100 million subscribers, said brokerage houses.  With the JioBharat phone, the No 1 carrier is once again aiming at the bottom of the pyramid which is bound to bring to halt any incremental tariff increases by Bharti Airtel and Vodafone Idea or any tariff corrections, which will be a negative impact on the No 2 and No 3 carriers.   Jio announced the JioBharat 4G V2 phone on Monday, which will be priced at Rs999 -- about 20-30% discount compared to existing average prices of featurephones -- will be available for sale from 7 July.   The device that will work only on Jio's network and comes with entertainment apps from the Jio stable such as Jio Cinema and Jio Saavn pre-installed. Jio has also come out with new tariffs for this device at Rs 123 for 28 days and  ₹1,234 annually.

New Delhi: Singapore’s sovereign wealth fund GIC will acquire a 74% stake in Genus Power & Infrastructure’s new smart metering solutions venture for $2 billion, the company said in a press release. Post the deal, Gem View Investment, an affiliate of GIC will hold a majority stake of 74% and controlling rights in the platform, while Genus will hold the remaining 26%, it added.

₹600 crore (around $73 million). The fund is managed by JM Financial AMC as Investment Manager. Mumbai-based JM Financial Group will invest debt capital in local companies via a new fund, adding another asset class to its portfolio that already includes private equity, distressed assets, non-banking finance and mutual funds.

Israel Defense Forces (IDF) said the Jenin operation was targeting a major Palestinian militant command centre, with Israel carrying out an airstrike on Monday afternoon near a mosque in the camp that the army said was being used by Palestinian gunmen. When the smoke had cleared in what became known as the Battle of Jenin in 2002, more than 50 Palestinians and 23 Israeli soldiers were dead, 13 of them killed in a single ambush trying to fight through the booby-trapped streets.

There is yet another Twitter alternative people are spilling into. The app, called Spill, started rising in the rankings of Apple’s App Store this weekend, around the same time Twitter started limiting the number of posts users could see. On Monday, it was the third most downloaded app on Apple’s App Store, and the store’s top downloaded social-media app.

The highest-paid CEOs aren’t always the ones running the biggest companies. The chief executives of Hertz, Peloton and Pinterest all earned more than $100 million in 2022, topping almost every CEO in the S&P 500 including Apple’s Tim Cook, who made $99 million. Also on that list: The man who runs CS Disco, a cloud-services provider that caters to attorneys and has a market capitalization of about $500 million.

Stocks that traded heavily or had substantial price changes Monday: Tesla, Rivian rise; Apple, AstraZeneca fall

New U.S. legislation would ban imported products containing critical green transition minerals mined by child labor in Congo

The reprieve is over

Australia’s central bank has left its benchmark interest rate at 4.1% after inflation fell to 5.6% in May from 6.5% a month earlier

A spokesman at Afghanistan's Vice and Virtue Ministry says the Taliban are banning women's beauty salons

The European Union's climate chief has expressed concern over the expansion of China's coal industry, with the building of new coal-fired plants

President Joe Biden has long struggled to neatly summarize his sprawling economic vision

By Gavin Jones and Giuseppe Fonte

The Pepe price has risen by 1% in the past 24 hours, with its move to $0.00000175 also representing a 10% gain in the past week.