US Launches Investigation Into ‘Friendly Fire’ British Deaths

Washington: The United States enounced it would carry on a methodical investigation with Britain into the situation under which three British NATO military personnel were killed in a friendly fire event in Afghanistan.

Kurt Volker, the principal deputy assistant secretary of state for European and Eurasian Affairs said, “The United States is deeply saddened by the death of three British soldiers in Afghanistan and the wounding of two others in a friendly fire incident involving ordinance dropped by a US aircraft.”

Fortis plans to invest 1200 Crore in Rajasthan

Fortis Healthcare has announced its plans to invest over Rs 1,200 crore in Rajasthan in the next 10 years.

Burger King posts better-than-expected Net Profit

Burger King Holdings Inc.Burger King Holdings Inc.

RJD MP Rajesh Kumar Manjhi to be suspeded from Parliament 30 Sessions for Cheating

A Parliamentary group has suggested suspension of Rashtriya Janata Dal MP Rajesh Kumar Manjhi from Lok Sabha for 30 sessions.

Higher Food Prices raised Inflation to 4.10%

For the week ended Aug. 11, 2007, India’s wholesale price inflation rate stood at 4.10%, which is higher than 4.05% in the last week.

HCL Infosystems’ Q4 Net Zooms 21%, Declares Dividend

HCL Infosystems
New Delhi: HCL Infosystems has declared results for fourth quarter that ended on June 30, 2007. It recorded about 13 per cent increase in consolidated net profit for the year ended June 2007, which stood at Rs 315.95 crore.

The company has also announced that it has pocketed Rs 500-crore deal from Bharat Sanchar Nigam Ltd. HCL’s consolidated gross sales in the same period was also up at Rs 11,855.43 crore as against Rs 11,454.97 crore in the corresponding period of the last year.

Pages

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.