Wartsila To Create Assembling Unit In India

Wartsila CorporationHelsinki: Wartsila Corporation has planned to invest more than €5 mil

Maruti Wins Victory Over Its Indonesian Rivals

Maruti Udyog LtdNew Delhi: Maruti Udyog Ltd is ready to turn into big in the Indonesian small car market.

In the existing fiscal, the company has been capable of capturing around 60 per cent of the small car market in Indonesia with an export order worth 12,000 units, 1,000 units above what the company had told in June.

Forex Reserves Declines $2 Mn To $228,847 Mn

Foreign CurrencyOn the back of increase in foreign currency and assets collections, forex reserves have declined $2 million to $228,847 million as on Aug. 31, 2007.

According to the Reserve Bank of India (RBI) weekly statistical supplement released on Sept.7, 2007, foreign currency and assets came up to USD 4 million on the back of USD 221,509 million increase.

US Suicide Rate Hits 15 Year High

SuicideWashington: According to the U.S. administration, the suicide rate for children and young adults aged 10 to 24 has increased 8% in 2004, marking the largest yearly increase in over 15 years.

A report by the Centers for Disease Control and Prevention has revealed that the rise followed up a cumulative fall of over 28% in the suicide rate from 1990 to 2003, and was fueled by increases in suicide rates among girls between 10 to 19 and boys 15 to 19.

Fortis To Grab 48% Stake Of Malar Hospital

Fortis HealthcareNew Delhi/Chennai: The Fortis group is all set to grab 48% stake in Chennai-based Malar Hospital for about Rs 42 crore. This marks the group’s initial entry into South Indian market.

In north region, Fortis already has a network of 12 hospitals and 16 satellite and heart command centres.

U.S. Nosing About Laden’s Videotape To Get Clues

Osama Bin LadenWashington: The U.S.

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News in Focus

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.

Bank of Baroda Share Price Target at Rs 390: Axis Securities

Axis Securities has maintained its Buy rating on Bank of Baroda, though it has trimmed the target price to Rs 290 from Rs 315, implying an 18% upside from the current market price of Rs 246.6.

Greenply Industries Share Price Target at Rs 355: Axis Securities

Axis Securities has reiterated a Buy rating on Greenply Industries Limited, raising its target price to Rs 355 from Rs 340, implying a 19% upside from the current market price of Rs 298.

SBI Life Insurance Share Price Target at Rs 2,350: Axis Securities

Axis Securities has reiterated a Buy rating on SBI Life Insurance Limited, setting a target price of Rs 2,350, implying a 27% upside from the current market price of Rs 1,859.

ICICI Securities Keeps BUY on Jana Small Finance Bank with Share Price Target at Rs 600

ICICI Securities has maintained its BUY call on Jana Small Finance Bank, lifting the target price to Rs 600 from Rs 535 and implying about 20% upside from the current market price of Rs 498.