USFDA Approves Lupin’s Novel Drug

The USFDALupin Pharmaceuticals has approved Lupin’s Abbreviated New Drug Application (ANDA)

Torrent Cables Soars To A 52-Week High On Strong Q1 Results

Torrent CablesTorrent Cables rose 2.47% to Rs 224.20 in afternoon trading after it announ

India Calls For Making ‘Hindi’ Official UN Language

New York: India has asked all UN member states to take prompt and substantial steps for making Hindi, the second most spoken language in the world.

Haneef’s Lawyers To Holdup His Bail Posting

Melbourne: Lawyers for Mohammed Haneef may holdup posting his bail as they plan a plea against Immigration Minister Kevin Andrews' assessment to terminate the Indian doctor's work permit.

ONGC Moves Up 33 Ranks On Fortune Listing

Oil and Natural Gas CorporationNew Delhi: Oil and Natural Gas Corporation (ONGC) lifted 33 notches to 369th position in the newly issued 2007 version of Fortune Global 500 list.

According to the company release, “After making a debut in the turnover-based annual Fortune Global club two years ago (with a rank of 459), ONGC has moved up steadily, thanks to its advancing topline.”

Market Ends Marginally Up After Weak Performance

Bombay Stock ExchangeThe BSE share index opened its eyes on a positive note at 15,295.03. Later on, it slipped into depressing zone and continued to trade flat for most part of the day. It also touched an intra-day high of 15,341.38 to end the day on a positive note.

Cement stocks were in the public interest, whereas IT, pharma and banking stocks led the declines. Auto stocks displayed mixed inclination.

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News in Focus

Suzlon Energy Share Price Target at Rs 65: ICICI Direct

ICICI Securities has maintained a Buy rating on Suzlon Energy, retaining an unchanged target price of Rs 65, implying 35% upside from the current market price of Rs 48.

Tata Power Share Price Target at Rs 485: ICICI Securities

ICICI Securities has reiterated a Buy rating on Tata Power Company, maintaining a target price of Rs 485, implying 31% upside from the current market price of Rs 371.

CoForge Limited Share Price Target at Rs 1,950: ICICI Securities

ICICI Securities has maintained a Buy rating on Coforge Limited, setting a target price of Rs 1,950, implying a 17% upside from the current market price of Rs 1,669.

Bharat Electronics Share Price Could Reach Rs 530: ICICI Securities Remains Bullish on PSU Major

ICICI Securities has maintained a Buy rating on Bharat Electronics, setting a target price of Rs 530, implying a 35% upside from the current market price of Rs 394.

NTPC Share Price Target at Rs 420: Axis Securities Remains Bullish on PSU Counter

Axis Securities has maintained a Buy rating on NTPC, though it has trimmed the target price slightly to Rs 420 from Rs 430, implying a 20% upside from the current market price of Rs 350.

SAIL Share Price Target at Rs 225: ICICI Securities

ICICI Securities has maintained a Buy rating on Steel Authority of India, setting a target price of Rs 225, implying a 36% upside from the current market price of Rs 165.