Debate over same-sex marriage law heats up

Debate over same-sex marriage law heats upAccording to the reports a federal judge in Massachusetts on Thursday ruled a law prohibiting federal recognition of same-sex marriage unconstitutionally "encroaches" on state powers.

Gay and lesbian couples may not be denied the same federal benefits as heterosexual couples, said U. S. District Court Judge Joseph L. Tauro, ruling in two separate challenges to the Defense of Marriage Act.

U.S. Coast Guard gives up hope for missing Hungarian tourists

U.S. Coast Guard gives up hope for missing Hungarian touristsAccording to reports, the U. S. Coast Guard gave up the search Thursday for two Hungarian tourists missing after a barge struck a Duck Boat off Philadelphia.

KYW-TV, Philadelphia, has reported that Petty Officer Crystal Kneen said there is no hope that the two are still alive. She said the Coast Guard spent 20 hours trying to find a 20-year-old man and 16-year-old girl who have not been seen since the boat capsized and sank Wednesday afternoon in the Delaware River.

Mahindra & Mahindra rolling Xylo micro-hybrid

Mahindra & Mahindra rolling Xylo micro-hybridMahindra & Mahindra expressed that it shall be rolling out on the red carpets the micro-hybrid version of its upcoming versatile machine Xylo prior to the year-end, as it moves up to launch two electric cars from the Reva string by the end of the year 2011.

Petrol prices to vary each fortnight

Oil-PriceThe state owned oil groups may select to modify the petrol prices each fortnight to mirror amendments in the global oil market in the free pricing establishment that gears up from the next week.

Petrol prices were made untied from the government jurisdiction in the previous month ensuing in an Rs 3.50 per liter inclination in the rates prevailing in Delhi, but   the modalities of consecutive retail price modification were missing in the industry to mull over and decide.

Food inflation diving by 12.63%

Food inflation diving by 12.63%For the week ending June 26 the food inflation dived down to 12.63% on the low priced potatoes and onions, however the same has pushed in some sigh of relief to the consumers as the fuel inflation busted up by 18.02%, putting the pressure on complete prices. During the previous week the food inflation was swinging at 12.92% and fuel inflation on 12.09%.

Reciting the hike in fuel inflation which was almost expected, DK Joshi, the chief economist of Crisil, voiced that this shall be mirrored in the complete inflation statistics by July, if not June.

IMF overvaluing US dollar

IMF overvaluing US dollarAmidst the jostle of keeping pace with the growing uncertainties, and proceed with the forecast for the global economic growth this year, the International Monetary Fund has astonishingly advanced its forecast for the same.

Moving further in the same arena the IMF has also toasted its prospects for the commodity prices, in spite of the mounting distress which is bringing dilemma in European nation that might ignite the chances of a second world financial crunch.

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News in Focus

Titan Share Price Target at Rs 3,830: Prabhudas Lilladher Research

Equity research major Prabhudas Lilladher has suggested BUY Call for Titan Company in its latest research report.

Bank of Baroda Share Price Target at Rs 270: Prabhudas Lilladher Research

Prabhudas Lilladher has reaffirmed its bullish stance on Bank of Baroda (BOB), maintaining a ‘BUY’ recommendation with a revised target price of Rs270 per share.

Kotak Mahindra Bank, IndusInd Bank, Bajaj Finance Share Price Declines; Kotak Mahindra Faces Major Selling Pressure

Kotak Mahindra Bank was among major gainers on NSE today after the private sector lender reported lower net profit and interest income. Kotak Mahindra Bank declined 7.3 percent.

Bandhan Bank Share Price Target at Rs 198: Deven Choksey Suggests Accumulate Ratings

Deven Choksey Research has issued an "ACCUMULATE" rating on Bandhan Bank, as the private banking major undergoes a pivotal transformation amidst evolving sector dynamics and persistent portfolio st

Shriram Finance, Cipla, Hero MotoCorp Share Price Jumps; Cipla Ratings Upgraded by Research Houses

Shriram Finance shares were in demand as the financial services major reported strong growth in interest income and also reported better than expected quarterly numbers.

IREDA, BEML, Rail Vikas Nigam, SAIL, NALCO, IRFC Share Price Declines on Selling in PSU Counters; BEML Stock Split Fails to Cheer Investors

IREDA, BEML, Rail Vikas Nigam, SAIL, NALCO, IRFC shares were among major losers in PSU segment while overall trend in the Indian markets was negative.