July Print Edition Preview : Fourth Edition for July

This July, as the Indian Stock Markets witness high voumes and higher
Price to Earnings Ratio, our team finds the best picks for you. BSE

India Gets First Female President

New Delhi: Pratibha PatilUPA-Left candidate Pratibha Patil won the presidential election

ICICI Bank Net Jumps 25% On Strong Investment Banking

ICICI BankICICI Bank registered 25% growth in net profit to Rs 7,750.80 million for the first quarter ended June 2007 as against Rs 6,200.1 million in the same quarter of the last year (2006).

The operating income of the India’s biggest private sector lender ascended 50.16% to Rs 75,661.30 million for the quarter from Rs 50,386.30 million in the corresponding quarter, last year.

In comparison, total income for the same period also climbed 46.94% to Rs 92,814.20 million from Rs 63,161.9 million. The earnings per share (EPS) for the same period arose 23.7% to Rs 8.61.

Cipla Q1 Profit higher by 29.73%

CiplaMumbai: Drug manufacturer Cipla posted a 29.73 percent enhancement in its net earnings at Rs 119.76 crore for the quarter ended June 30 as against Rs 170.43 crore for the same period of the last year.

The company’s total income (net of excise) augmented 4.34 per cent to Rs 920.37 crore for the June quarter against Rs 882.05 crore for the quarter ended June 30, 2006.

At the board meeting, the company’s directors also recommended a dividend of Rs 2 per equity share for the year 2006-2007 amounting to Rs 155.46 crore.

Shares of Cipla last traded at Rs 200.90, down 2.21 per cent on the BSE.

Williams Eyes Travel To Red Planet

Sunita WilliamsNew Delhi: Now Indian-American astronaut Sunita Williams has set her eyes on the Red Planet ‘Mars.’

Sunita, who came back to earth on June 22 after spending 195 days at the International Space Station told that she would love to fly to Mars, if not the moon.

“I would love to go to Mars ... just because it is a different planet,” she told through a videoconference from Houston.

India Desperate To Get Into Russian Construction Business

Moscow: India is desperate to get into the profitable construction business, chiefly to build up world-class hotels, in Russia’s Black Sea resort city of Sochi that will host 2014 Winter Olympics.

Indian ambassador Kanwal Sibal allged, “Ahead of the winter Olympics in Sochi we are keen to build world class hotels here and would like to pick local contacts for this.”

Mr. Sibal was speaking at a business gathering during his visit to the Krasnodar Territory in south Russia, which is also called the country’s breadbasket and seaside resort land.

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News in Focus

Binaural Beat Frequencies for Relaxation; How Brainwave Entrainment Works?

Binaural beats have emerged as a scientifically examined, non-invasive auditory intervention for relaxation, stress reduction, and mental well-being.

Apollo Tyres Share Price Target at Rs 548: Geojit Investments Research Report

Geojit Investments has upgraded Apollo Tyres Limited to an ACCUMULATE rating, establishing a 12-month price target of Rs.

Kotak Mahindra Bank Share Price Target at Rs 2,500: Motilal Oswal

Motilal Oswal Financial Services has reiterated a BUY call for private banking major Kotak Mahindra Bank, setting a target price of Rs 2,500, implying an upside of 14% from current levels.

Titan Company Share Price Target at Rs 4,715: ICICI Securities

ICICI Securities has reiterated a BUY call on Titan Company with a revised target price of Rs 4,715, citing the company’s strategic entry into lab-grown diamonds (LGD) as a calculated expansion rat

Coforge Limited Share Price Target at Rs 1,980: ICICI Securities

ICICI Securities has reaffirmed its BUY recommendation on Coforge Ltd while revising the target price to Rs 1,980, citing the company’s transformative acquisition of Encora as a decisive strategic

SBI Cards & Payment Share Price Target at Rs 950: Geojit Research

Geojit Investments has upgraded SBI Cards & Payment Services Ltd to an ACCUMULATE rating with a revised target price of Rs 950, reflecting improving profitability metrics and stabilising asset