P&G Posts Rs 13 Crore Profit, Declares Dividend

Procter & Gamble Hygiene & Health Care LtdMum

Mittal Eyes BPCL, HPCL Refineries for more Investment in India

Lakshmi MittalSteel magnate Lakshmi N Mittal is considering adopting stakes in two more Indian refineries including

NASA to Mend all Three Shuttle Fuel Tanks

Following the NASAdetection of cracked layers in the padding foam of all three shuttle fuel tanks, NASA said

Forex Reserves Dip to $226.445 B on FII Outflows

Mumbai: For the second consecutive week, the country’s forex reserves came down by $2.551 billion to $226.445 billion for the week ended August 17, 2007.

Karnataka Govt To Honor Kalam With ‘Basava’ Award

Former President A P J Abdul KalamBangalore: In recognition of his services to the country, former president A P J Abdul Kalam has been selected by Karnataka for this year’s (2006-07) ‘Basava’ award in recognition of services to the country.

H S Mahadeva Prasad, Minister for Kannada and Culture narrated that the award consisting Rs 10 lakh, a memento and a citation will be presented to Dr. Kalam at a function to be held at the Jnana Jyothi auditorium on September 28.

Mr. Mahadeva said that he called on Dr. Kalam recently with a letter of communication on his being selected for the prominent award, and he had accepted it.

ICICI to Employ over 20,000 Annually

ICICI BankICICI Bank, the country’s second-biggest banking group, plans to hire 20,000-30,000 staff in the current fiscal.

The bank would employ between 75,000 and 1,00,000 direct employees in the coming years. If indirect staffs that comprise insurance agents are added, the bank’s total employee force would be about half-a-million in some years.

KV Kamath, Managing Director and CEO, ICICI Bank said the banking group its realty needs accordingly.

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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.