SC Cuts 7 % Additional Duty On Laptops

LaptopsThe Hon.

Bipasha & Ajay Together In Rajkumar Santoshi's ‘Ashoka’

Rajkumar_SantoshiRajkumar Santoshi has signed up hot and charming babe Bipasha Basu

Faze Three Buys 76% Stake In German Company

Mumba: Faze Three Ltd (FTL) has bought 76 percent stake in German company, Pana Textil GmbH for around Rs 33.33 crore.

After getting hold of major stake in Pana Textil GmbH, FTL would have access to the constructing facilities of Pana situated in Germany and Hungary.

Faze Three said, “This acquisition will bring the company closer to its customers and also enable it to increase its footprint in the European market.”

The company also said that it would add up more printed bathmats and nano technology to its subsisting product range that are the requirements of major European, UK and American retailers.

Pana Textil GmbH is more than 50 years old company and one of the leading makers of bathmarts in the European market.

Pratibha Ind Pockets Rs 41 Cr Deal From Delhi Airport

Pratibha_IndustriesMumbai: Pratibha Industries has received a Rs 41.35 crore de

Sterlite Tech To Double Optic Fibre Capacity At Aurangabad

Sterlite Technologies Ltd, optic fibre cable manufacturer, is all set to spend around Rs 140 crore to double up its yearly optic fibre capacity to 12 million kms from the existing capacity of 6 million kms.

The recent development would take place at the company’s subsisting plants in Aurangabad, and the commercial production is expected to start by June 2009.

Anand Agarwal, Sterlite’s CEO and Director said, “With the strong outlook by the Indian and Global Optical Fibre Industry, we are poised to take our place within the top five manufacturers in the world and we believe that this capacity expansion would give us the strategic advantage to capitalise on the available opportunities.”

Intel Brings Out More Energy-Efficient Chips

intel_core_2_duoSan Francisco: Intel Corp has brought out its latest line of more ene

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News in Focus

Mahindra & Mahindra Share Price Target at Rs 4,387: BOB Capital Markets

BOB Capital Markets has retained its BUY rating on Mahindra & Mahindra but trimmed its target price to Rs 4,387 from Rs 4,530, still implying about 40% upside from the Rs 3,128 market price.

ICICI Securities has maintained its BUY rating on Swiggy but cut its target price to Rs 400 from Rs 520, still implying about 90% upside from the Rs 211 market price.

Stylam Industries Share Price Target at Rs 3,750: ICICI Direct

ICICI Direct, the retail research arm of ICICI Securities, has maintained its BUY call on Stylam Industries with a revised 12-month target price of Rs 3,750, about 21% above the current market pric

Saregama Share Price Target at Rs 740: ICICI Direct

ICICI Direct, the retail research arm of ICICI Securities, has reiterated its BUY call on Saregama India with a 12-month target price of Rs 740, about 16% above the Rs 638 market price, after the R

Cera Sanitaryware Share Price Target at Rs 6,437: BOB Capital Markets

BOB Capital Markets has maintained its BUY rating on Cera Sanitaryware with a target price of Rs 6,437, implying about 34% upside from the Nov. 5 closing price of Rs 4,802.

Power Grid Corporation Share Price Target at Rs 350: ICICI Securities

ICICI Securities has maintained its BUY call on Power Grid Corporation of India, trimming its target price to Rs 350 from Rs 360, which implies about 35% upside from the current market price of Rs