ONGC Moves Up 33 Ranks On Fortune Listing

Oil and Natural Gas CorporationNew Delhi: Oil and Natural Gas Corporation (ONGC) lifted 33 notches to 369th position in the newly issued 2007 version of Fortune Global 500 list.

According to the company release, “After making a debut in the turnover-based annual Fortune Global club two years ago (with a rank of 459), ONGC has moved up steadily, thanks to its advancing topline.”

Market Ends Marginally Up After Weak Performance

Bombay Stock ExchangeThe BSE share index opened its eyes on a positive note at 15,295.03. Later on, it slipped into depressing zone and continued to trade flat for most part of the day. It also touched an intra-day high of 15,341.38 to end the day on a positive note.

Cement stocks were in the public interest, whereas IT, pharma and banking stocks led the declines. Auto stocks displayed mixed inclination.

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.

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News in Focus

Ambuja Cements Share Price Target at Rs 630: Axis Securities

Axis Securities has reiterated a BUY recommendation on Ambuja Cements Ltd with a revised target price of Rs 630, citing transformational consolidation moves and a clear path to scale-led efficiency

Tata Chemicals Share Price Target at Rs 876: Geojit Investments Research

Geojit Research has issued an ACCUMULATE rating on Tata Chemicals Limited with a revised target price of Rs 876 per share.

DCB Bank Share Price Target at Rs 228: Ventura Securities

Ventura Securities Limited has issued a BUY recommendation for DCB Bank Limited, setting a compelling target price of Rs 228 over the next 24 months, implying a robust 33.8% upside from the current

Kajaria Ceramics Share Price Target at Rs 1,252: Motilal Oswal Research

Motilal Oswal Financial Services has reiterated a BUY rating on Kajaria Ceramics with a target price of Rs 1,252, implying upside potential of about 19 percent from the current market price of Rs 1

Bajaj Finance Share Price Target at Rs 1,138: Geojit Financial Services

Geojit Financial Services has reiterated its BUY recommendation for Bajaj Finance Limited, projecting a revised target price of Rs 1,138 from the current market price of Rs 1,015,

Shriram Finance Share Price Target at Rs 1,125: Axis Securities

Axis Securities has issued a BUY recommendation on Shriram Finance Limited, establishing an ambitious target price of Rs 1,125 per share—representing a compelling 25% upside from t