TCS Q1 Income Up, Declares Dividend

Tata Consultancy Services LtdTata Consultancy Services Ltd (TCS) has annunciated the following audited outcomes for the quarter ended June 30, 2007. The consolidated results are as follows:

North Korea Shuts Down Its Nuclear Reactor

U.S. National Security Advisor Stephen Hadley said it seems the North Korean have indeed close down their major plutonium reprocessing facility at Yongbyon, about 100 km north of Pyongyang.

Ford To Sell Volvo, Reports

Ford Motor Co.Dearborn, Mich. - Ford Motor Co. is setting to sell its moneymaking Volvo luxury brand as it works to return its North American operations to profitability, according to reports.

The Sunday Times reported, the decision to sell Volvo, a part of Ford’s Premier Automotive Group, was made in the past two weeks, but that the timings of the sale had still to be decided,

Thrilling Q1 Figures Turn On PFC

Power Finance CorporationPower Finance Corporation made 14.07% to Rs 199.85 after its quarterly net earnings soared 103.18%. The company announced its quarterly results during the market hours today, 16 July 2007.

Today, the intraday peak of the scrip was Rs 199.90, and an intrady low of Rs 177. It has has its 52-week low of Rs 101 on 3 April 2007.

Allahabad Bank declared Net Profit of Rs 200 Cr In Q1

Allahabad bankMumbai: Allahabad bank has declared its quarterly earnings on Saturday.

July Print Edition Preview : Third Edition for July

In the edition of current week, Topnews takes a look at the Results for the Quater for several sectors and finds out the best investment bets for you. With markets on their All Time Highs, it becomes difficult to choose some investment options. Finance Minister is confident about India Growth Story and aims at achieving 10% rise in GDP.

Editior's Picks of the week.

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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.