Target Financial News

Subscribe to enjoy similar stories. There’s something about the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meetings that makes these the cynosure of all eyes.

fiscal deficit target of 4.9 per cent of GDP for 2024-25 and 4.5 per cent for 2025-26, cautioning that «overly aggressive targets» beyond these could adversely affect India's economic growth. «India has been growing rapidly amidst a slowing global economy. Prudent fiscal management for macroeconomic stability has been pivotal to this growth,» said Chandrajit Banerjee, Director General, CII, elaborating on suggestions for the forthcoming Union Budget. CII also highlighted the announcement in the Union Budget 2024-25 to keep the fiscal deficit at levels that help reduce the debt-to-GDP ratio. In preparation for this, the forthcoming budget could lay out a glide path to bring the central government's debt to below 50 per cent of GDP in the medium term (by 2030-31), and below 40 per cent of GDP in the long term, CII has suggested.

Aam Aadmi Party (AAP) on Sunday targeted Union Home Minister Amit Shah, stating that as long as he holds office, murders will continue to occur every day in Delhi. Aam Aadmi Party in a post on X said, «As long as Amit Shah remains the Home Minister, murders will continue to happen every day in Delhi.» Earlier on Saturday, Aam Aadmi Party (AAP) national convenor and former Chief Minister Arvind Kejriwal launched an attack on Union Home Minister Amit Shah, claiming that the BJP is no longer capable of managing the law and order situation in the national capital.

electric car market is shifting into high gear, particularly in the affordable segment, with 86% of sales concentrated in the sub-Rs 20 lakh segment. With consumers increasingly choosing battery-powered SUVs over traditional hatchbacks, the electric PV sales are expected to exceed the 100,000 mark this year. While early market leader Tata Motors is facing headwinds, upcoming launches of Suzuki e-Vitara, Mahindra BE.6e and CEV9e early next year are expected to recharge the market and boost competition. Experts said more choices in the electric PV space will only make the market grow. They also said stricter emission penalties and the growing environmental benefits of EVs are driving automakers towards electrification.

Delhi government’s ambitious plan to provide ₹1,000 per month to women over 18 years of age under the Mukhya Mantri Mahila Samman Yojana (MMMSY) is projected to cost ₹4,560 crore annually, according to the finance department. With the city’s subsidy bill nearing ₹11,000 crore, officials have raised concerns that implementing the scheme from FY 2025-26 could result in a budgetary deficit. A draft proposal for the scheme, submitted by the Women and Child Development Department, estimates that approximately 38 lakh women in Delhi would qualify for financial assistance. However, the finance department has cautioned that a revenue deficit could lead to central government intervention, potentially limiting Delhi’s financial autonomy. Fiscal challenges amid rising expenditure

ISKCON priest Chinmoy Krishna Das Brahmachari. In an official statement, he urged the Bangladeshi government to uphold human rights, guarantee legal protections, and end the wave of violence targeting Hindus and other minority groups. «The ongoing violence against Hindus and others across Bangladesh is unacceptable and must end immediately. I strongly urge the government of Bangladesh to take decisive steps to reduce tensions peacefully now,» he said.

Subscribe to enjoy similar stories. The Indian Railways plans to run dedicated Vande Bharat parcel trains on specific routes to capture a chunk of goods shipped by online marketplaces like Amazon and Flipkart that use road and air cargo for faster shipments, two people aware of the development said. The railways have begun designing freight trains on the lines of its Vande Bharat passenger express.

Subscribe to enjoy similar stories. MobiKwik’s public offer will open for subscription on Wednesday with a price band of ₹265-279 per equity share, valuing the company at about ₹2,165 crore, a sharp discount to the valuation the company sought in its last attempt at the public listing back in 2021of ₹7,600 crore. The company, headed by husband-and-wife duo Bipin Preet Singh and Upasana Taku, has reduced its fundraising target to ₹572 crore, following the Securities and Exchange Board of India’s (Sebi’s) approval in September to raise ₹700 crore.

Subscribe to enjoy similar stories. India's highway toll collection growth is slowing and may fall short of the projected ₹70,000 crore in the current financial year, according to two persons aware of the development, mirroring the slowdown in the economy. While new highway alignments and a rise in the number of toll stations may take this income to around ₹60,000 crore in FY25, but the actual growth will ease to a single digit against more than 40% and 16% seen in FY23 and FY24, respectively, the first among the two persons quoted said on the condition of anonymity.

World War III. And, coming to occasion is a map, that has predicted some of the US cities that could be devastatingly affected by nuclear strikes on US soil, if a World War III situation indeed happened.

Meanwhile, brokerages including Morgan Stanley are reiterating their expectation of a 25-basis-point interest rate cut by the U.S. Federal Reserve in December, following the nonfarm payrolls data. Financial markets currently assign a probability of around 70 per cent that the Fed will cut rates by a quarter percentage-point at its December meeting, and a roughly 30 percent chance it will pause, according to data from CME Group.

Chipotle is raising its U.S. prices to offset inflation and to compensate for a promise to increase portion sizes

China is fine tuning its policies aimed at revving up its economy as it braces for an uncertain future in relations with the United States under President-elect Donald Trump

November’s job numbers — the final piece of data the Bank of Canada is waiting on to help inform its interest rate decision next week — showed the economy gained 51,000 positions, well ahead of analyst estimates of 25,000.

Canada’s fall fiscal calendar has a significant event missing from it.

Subscribe to enjoy similar stories. The Reserve Bank of India’s (RBI) monetary policy on 6 December voted 4:2 to keep the policy repo rate unchanged at 6.50%. Two of the external members, Dr.

Subscribe to enjoy similar stories. TOKYO—The multibillion takeover battle for the Japanese owner of 7-Eleven is unfolding against a backdrop of heightened deal activity involving foreign bidders, fanned by a weak yen, undervaluation, and a profitability gap at many big Japanese firms compared with their international peers. Canada’s Alimentation Couche-Tard has made a $47 billion offer for Seven & i, triggering a promised refocus on profitability by Seven & i management.

Morgan Stanley says Sensex can even hit the 105,000-mark in the next one year in the bull case scenario. Morgan Stanley said there is a 30% probability of the Sensex hitting 105,000 by December 2025 while in the base case scenario it sees the index hitting 93,000-level.

Divided between two takeover courtships, UniCredit's Andrea Orcel still has room to sweeten his bid for Italy's Banco BPM, analysts say, while political turmoil stalls a deal with Germany's Commerzbank. 

FY25 GDP growth forecast to 6.6 per cent from 7.2 per cent, Governor Shaktikanta Das announced on Friday. Q3FY25 GDP growth forecast was reduced to 6.8% from 7.4%, Q4 growth target was lowered to 7.2% from 7.4%, and Q1FY26 was also revised to 6.9% from 7.3%. ALSO READ: RBI Policy Meeting GDP Forecast: Das & Co cut India’s FY25 growth aim to 6.6% from 7.2%