Karvy Stock Broking Limited has maintained ‘buy’ rating on Cairn India stock with an intraday target of Rs 252.

According to Karvy, interested traders can purchase the stock between Rs 242-244 with a strict stop loss of Rs 240. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 255.
 
Shares of the company, on Monday (Sep 01), closed at Rs 248.05 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 706439. The share price has seen a 52-week high of Rs 342.50 and a low of Rs 136 on BSE.

Sydney - Events in Georgia show Russian Prime Minister Vladimir Putin can't be trusted to abide by an undertaking not to use Australia uranium to make nuclear weapons, a Canberra parliamentary committee said Monday.

"I don't know if you've looked on the TV into Vladimir Putin's eyes," Treaties Committee chairman Kelvin Thomson said. "He's one tough son-of-a-gun and I don't think he cares about what we think. Recently he's taken South Ossetia and another province off Georgia, and there's no real come-back over that."

Vienna - Europe's declared goal to shift away from Russian oil and gas was always a challenge. It's even more difficult after Moscow's assault on Georgia, analysts say.

Georgia's strategic role as a pipeline transit country, run by a US-backed leadership that Moscow detests, formed the backdrop to the conflict that erupted in early August.

After Russian troops handed Georgian President Mikheil Saakashvili a humiliating battlefield defeat, the region's fragility and Moscow's clout are more obvious than ever. Monday's emergency EU summit on Georgia will not change that in the short term.