HP’s outstanding debt-GSDP ratio much above the target set by 15th FC: CAG

Himachal Pradesh’s outstanding debt-Gross State Domestic Product (GSDP) ratio is much above the target set by the 15th Finance Commission (FC), according to a CAG report. The Comptroller and Auditor General (CAG) of India in its report, tabled by Chief Minister Jai Ram Thakur in the Assembly on Saturday, … Read more

July retail inflation eases to 6.71% on food prices, stays above RBI target

India’s headline retail inflation for July was its lowest in five months, helped by an easing of global commodity prices and lower food prices domestically but above the central bank’s medium-term target. Data released by the National Statistical Office on Friday showed consumer price index-based inflation for July was … Read more

Disney adds streaming subscribers but cuts long-term target

Walt Disney defied concerns about a slowdown in the streaming industry by adding a robust 14.4mn subscribers to its Disney Plus service in the latest quarter, pushing its total number of paying streaming customers to 221mn — slightly ahead of Netflix. But Disney reduced its long-term guidance for its total number of Disney Plus subscribers … Read more

Cybercriminals target health care organizations: Report

There was a 90% increase in the number of health care organizations targeted by cybercriminal groups during the second quarter, according to a report released Wednesday. “Ransomware helped to fuel this uptick against health care as attacks increased this quarter to once again become the top threat, followed closely by email compromises,” according to the … Read more

An unlikely target of China’s rage: Taiwan’s softly spoken leader

Tsai Ing-wen offered a faint smile three years ago when a foreign visitor asked her if she was worried about Beijing’s military threat. “Of course. They will come right up the Tamsui River to get me,” Taiwan’s president said, referring to Chinese plans for taking her country, which include capturing or killing its leaders. After … Read more

$1 trn economy target: UP govt appoints Deloitte consultant, signs MoU

The Uttar Pradesh government on Friday signed a memorandum of understanding with Deloitte India, appointing it as a consultant for achieving the target of bringing the state’s economy to USD1 trillion mark. The MoU between the consultancy agency and the government was signed in the presence of Chief Minister … Read more

India’s fiscal deficit touches 21.2% of annual target in Q1: Govt data

The central government’s fiscal deficit touched 21.2 per cent of the annual target in the June quarter as against 18.2 per cent in the year-ago period, according to official data. The fiscal deficit is the difference between total expenditure and revenue of the government. It indicates the total borrowing … Read more

Dr Reddy’s Labs price target: Dr Reddy’s Labs net profit doubles in Q1: What should investors do?

Dr Reddy’s Laboratories failed to cheer Dalal Street despite reporting over a 100 per cent rise in the net profit for the quarter ended June 2022. Share of the pharma major fell about 4 per cent in the first one hour of the trade on Friday. Experts see concerns over the US business, as well … Read more

There is a limit to which you target judges, Supreme Court slams media

There is a limit to which you target judges, the Supreme Court said on Thursday while expressing displeasure over news reports that it was delaying hearing a plea alleging increasing attacks on Christian institutions and priests across the country. Give us a break, a bench of Justices D Y Chandrachud and Surya … Read more

bajaj finance stock target: What is fueling a rally in Bajaj Finance post Q1? Here’s what brokerages say

rallied more than 9 per cent in the morning trade on Thursday, a day after this NBFC company reported a 159 per cent year-on-year (YoY) growth in the net profit for the quarter ended June 2022. Brokerage firms upgraded the stock post-June quarter results on strong loan growth and improvement in net interest margins (NIMs). … Read more