Brokerage House CLSA has given a buy call for Jain Irrigation. The company is into agriculture sector and offers irrigation solutions. There is an increase in demand for cost saving irrigation systems and Jain Irrigation is a pioneer in the sector in Indian market.

Brokerage house CLSA has given a target price of Rs 150 for Jain Irrigation. The analysts have expressed positive views about the reduction of debt for the company. With earnings upgrade, the current market price for the stock looks undervalued.

Technical House KRChoksey has suggested buy call for SBI. The stock is good for long term. SBI is pioneer in Indian banking Public sector. The stock has touched 52-week high and low of Rs 2657 and 1571 respectively.

SBI is trading currently with a P/E ratio of 16. Market expert Dilip Bhat has also suggested buy call for State Bank of India.

Pharmacetical major Cipla is good defensive bet at current levels, as per market experts at KR Choksey. The recently declared results of Cipla were as per market expectations. The net profit for Q4 was up by 36.5 per cent at Rs 292 crore compared to same quarter previous year.

BSE Sensex breached 16,000 level in today's trading session and closed at four month low. BSE Sensex closed 1.83 per cent lower at 16030. For BSE Sensex, 52-week low is 15,190 and if the economic troubles continue, market experts believe that we may see further lows for Indian market. In the past three months, the markets have declined 11.7 per cent.

Among sectors, Automobiles, Banking, Capital Goods, Consumer Durables and Metals were major losers. All sectoral indices closed in the red.

Indian government has another trouble now. The USD has been rising for past few days compared to Indian currency. Economy is also facing tough times and the estimates to growth have been lowered for Indian manufacturing sector.

Citigroup report counts four major deficits for India - fiscal, current account, liquidity and governance. UPA II is already under attack of opposition over the policies and rising inflation across the nation. With latest CitiGroup report, the troubles for government will increase only.

A survey has revealed that about 900 million users of the social networking giant, Facebook from around the world do not hold a high opinion of the company and distrusts Facebook.

The poll showed that the if the company was a Facebook user itself, it would have several virtual friends but not many real friends. The users are found to be concerned about the amount of information shared by the company about the users with third party advertisers and others. The distrust does not speak well for the company as it might limit the appeal to the advertisers.

Taiwan's HTC Corp has said that it is delaying the launch of tow of its smartphones in the US market as it requires a customs review as it lost a a patent lawsuit against Apple in the previous year.

The delay is likely to further affect the sales of the company, which is already seeing a fall in the country. Apple had won a court battle against the company in a patent lawsuit in December over technology in the smartphones. This required the company to get customs review before it launched the handsets in the Us market.

Nurses in the UK have expressed concerns over the safe of their patients with learning disabilities in the wake of cuts in services, according to a new study.

The study that included nearly 500 nurse showed that about three out of four nurses saw cut in service in their area within the previous year. The Royal College of Nursing has claimed that the community health services are being affected and could reach a breaking point as nurses are being overloaded with additional work.

Health experts in the UK have recommended using higher taxes to increase the prices of unhealthy food items by as much as 20 per cent in order to make enough people reduce consumption for reducing obesity and other diet-related diseases.

Carlos Pascual, the State Department's special envoy for international energy issues was reportedly misquoted by a reporting agency about the reduction in India's import of crude oil from Iran.

It was earlier reported that Pascual remarked that he was `not too impressed' with the India's efforts to cut its imports of oil from Iran. However, State department spokesperson Victoria Nuland clarified that he actually said that 'I am not doing press today' and not 'I am not impressed', as reported in the news.

The joint managing director and group Chief Financial Officer of JSW Steel, Seshagiri Rao has claimed that the company is a victim of alleged illegal mining while dismissing suggestions that it might be involved in illegal iron ore mining in Karnataka.

India's Piramal Healthcare said on Wednesday that it has acquired the U. S.-based firm Decision Resources Group in a deal valued at about $635 million or Rs. 3,400 crore.

The acquisition that will allow the company to enter the healthcare information management business, will be funded by an equal mix of debt and equity. The Indian company will acquire 100 per cent stake in DRG under the deal that is expected to close by June 30, 2012, according to Piramal Healthcare chairman Ajay Piramal.

The union coal ministry has urged Coal India Ltd (CIL) to consider a request by NTPC for singing the fuel supply agreement with revised minimum fuel supply level for all of the new units of its existing plants.

India's union Finance Minister Pranab Mukherjee has said that the government is looking to implement additional austerity measures in order to address the difficult economic situation in the Indian economy but pointed out that the authorities are panicking over the situation.

While concluding a debate on Finance Bill 2012 in the Rajya Sabha, he pointed out that the country's growth story was intact even as the growth in country's Gross Domestic Product (GDP) fell to 6.9 per cent in 2011-12, from 8.4 per cent in the previous two years.

The Indian rupee fell its lowest level ever at 54.46 against the US dollar in early trade today and the calls for steps to control the fall are getting stronger.

RBI Deputy Governor KC Chakrabarty has responded by saying that the central bank only intervenes in the forex market to control volatility and not a slide in the value of the currency. "We don't intervene to arrest the rupee fall, we intervene only to arrest the volatility, you must understand the difference," Chakrabarty said.

4G, unlike 3G, does not provide Voice-based services via cellular networks but as Voice-over-Internet-Protocol (VoIP).

In the developed markets such as US and Sweden where 4G has been launched, it is offered as a data only package, incorporated with 3G packages for voice. In brief, a user who is logged on to a 4G network will be seamlessly shifted to a 3G network the moment he gets a voice call.

On the business side, approximately 26 million SMEs in the country provides a vast potential market for 4G as the majority of small and medium-sized businesses lack reasonable high-speed Internet service (broadband) in India, mainly in Tier II and Tier III cities.

This is one of the major causes for lack of prevalent adoption of e-Industry Update – Telecom Wireless 4G – Benefits Weigh over Uncertainties 7 commerce by local businesses.

Mumbai, May 16 - A benchmark index for Indian equities markets was trading over 324 points low from its previous close around 12:15 p. m. Wednesday as automobile, metal and power stocks came under intense selling pressure.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was ruling at 16,003.77 points, down by 1.99 percent or 324.48 points from its previous close of 16,328.25 points.

The Sensex touched a high of 16,132.68 points and a low of 15,978.35 points in the intra-day trade. The sensex midcap was down 76.73 points and smallcap was down by 81.16 points.

Mark Zuckerberg is a busy and happy man these days. I know that many readers will be shocked after reading the headline, but I have always compared the most popular social networking website Facebook with some major companies that do not operate in online space.

Facebook is used by lots of people across the world and the online social network is coming up with IPO, which will value it at nearly $100 billion and that's a massive amount one can put to an online company.

Mustardseed yesterday traded with the positive node and settled 2.68% up at 3873 on the back of firm demand from the spot markets. Rapeseed meal exports in April, the first month of the new fiscal year, dropped to 43,233 tonnes from 142,232 tonnes a year ago, according to data from the SEA. The total arrivals of mustard seed decreased by 30,000 bags at 1.27 lakh bags in major mandies. 3rd Advance Estimates of Crop Production for 2011-12 released by Ministry of Agriculture which shows production estimates of rape/mustard seed of 6.96 million tonnes which is much higher as compared to COOIT’s figure of 6.03 million tonnes.

Wheat yesterday traded with the negative node and settled -1.7% down at 1154 due to higher production concerns along with sluggish spot demand amid strong wheat stocks in government warehouses. India had around 19.9 million tonnes of Wheat in government warehouses on April 1, nearly five times the official target of 4.0 million tonnes for the quarter ending June 30, government sources said last month. India has exported only about 830,000 tonnes of wheat since September when the government freed up exports. The estimated output is higher than the 86.87 million tonnes produced in the previous year. India, the world's second biggest producer, consumes about 76 million tonnes of wheat a year.