SEC investigating Cadbury India

United States finance regulator is probing bribery charges against Cadbury India. Kraft Foods Inc. revealed in its regulatory filing that US Securities and Exchange Commission (SEC) has opened an investigation against company for bribe charge in its India operations.

The company said in the filing that it has received an enquiry from SEC about its Cadbury India plant. Cadbury has its manufacturing plants in India in states of Maharashtra, Madhya Pradesh, Karnataka and Andhra Pradesh. SEC is considering a potential violation of Foreign Corrupt Practices Act on the company.

Mukesh Ambani expects Indian economy to reach $5 trillion

Chairman of India's leading conglomerate Reliance Industries, Mukesh Ambani is highly optimistic about economic growth in India. In a recent conference, he gave his opinion about the future and Indian economy and said Indian economy would reach a whooping $5 trillion mark by 2022-2025.

ICICI Bank chairman, K V Kamath has also positive thoughts about Indian economy. He also said India would be $5 trillion economy by 2022. These business leaders, among others, gathered at Institute of International Finance (IIF) to attend a discussion.

Speaking at the discussion meeting, Mukesh Ambani said, "India will be a USD 5 trillion economy by 2022-25. There can be a debate whether it would 2022 or 2025."

Indian Stock Market Outlook Fundamental Picks by FairWealth Securities

Indian Stock Market Outlook Fundamental Picks by FairWealth SecuritiesInvestors with horizon of 6-12 months can consider following scripts for their investment. These companies have potential to give higher returns than index over a long term.

Corporate Highlights

Indian Stock Market Outlook by FairWealth Securities

Indian Stock Market Outlook by FairWealth Securities

Cure@Home - New Software To Provide Healthcare Solutions!

Cure@Home - New Software To Provide Healthcare Solutions!Targeting at cost-efficient endorsement of health care schemes, a Central agency has formulated a decision support system software attempting to merge the best of Indian medicinal systems with innovative technology.

The software named 'Cure@Home' has been formulated by Pune-based Centre for Development of Advanced Computing (C-DAC).

'Cure@Home' unites the best practices in Allopathy, Ayurveda, Homeopathy and Yoga.

Sensex Closes Week On A Flat Note After Hitting 5-Week Peak

Sensex Closes Week On A Flat Note After Hitting 5-Week PeakThe 30-share barometer BSE Sensex, on Friday, hit a five-week high of 18,736.97 before closing the week on a flat note on the back of profit booking amid strong worldwide trends.

Chasing rally in Asian scrips, The Sensex opened on a sturdy note and hit a five-week peak of 18,736.97 points.

Afterward, profit booking at subsisting higher levels, however, pulled the Sensex down to 18,486.45 in the end, a fall of mere 3.31 points.

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News in Focus

RITES, IREDA, BEML, POWER GRID, SAIL, NTPC Green Energy Among Major Gainers

RITES, IREDA, BEML, Power Grid Corporation, SAIL, and NTPC Green Energy were among major gainers in PSU segment on Thursday. NSE Nifty closed the session 0.53 percent higher at 24,750.

Angel One Share Price Jumps 4 Percent; Immediate Resistance at Rs 3,350

Angel One share price jumped 4.04 percent on Thursday as sustained buying in the counter has resulted in bullish breakout on technical charts.

Bharat Electronics (BEL) Share Price Target at Rs 441: Geojit Financial Services

Geojit Investments has reaffirmed its bullish stance on Bharat Electronics Ltd. (BEL), India’s defense electronics crown jewel, with an upgraded target price of Rs.

PNB Housing Finance Share Price Target at Rs 1,230: Motilal Oswal Research

PNB Housing Finance (PNBHF) looks promising among India's competitive housing finance sector companies, according to Motilal Oswal's latest equity research.

Indian Bank Share Price Target at Rs 675: Emkay Global Research

Emkay Global Financial Services has reaffirmed its BUY rating on Indian Bank (INBK) with a 12-month target price of Rs 675, signaling 6.5% upside from current levels.

The Top 5 Mistakes New Forex Traders Make (and How to Avoid Them)

If you’re just starting out in forex, the odds are stacked—not because the market is out to get you, but because many new traders walk in with the wrong mindset.