Indian Rupee Inches Up Chasing Strong Asian Stocks

Indian CurrencyMumbai: The rupee inched up today as profits in Asian stocks aroused expectations of abroad investment flows into local equities, though dealers stayed conservative regarding the fallout from U.S. credit market instability.

At 9:40 a.m, the partly convertible rupee stood at 41.07/08 per dollar, beefing up from yesterday’s 41.08/09.

Japanese PM Arrives In India, N-Cooperation, Defense On Schedule

Japanese Prime Minister Shinzo AbeNew Delhi: With a multi-pronged two-si

All Indian ADRs showing signs of Weakness

The US indices ended the day on a mixed note on Tuesday (August 21), with the Dow Jones closing in the negative and Nasdaq ending in the positive.

The Nasdaq ascended on Tuesday as news that the Federal Reserve might bring down its benchmark interest rate shortly, allayed unrelenting worries regarding the credit markets.

The Dow Jones closed down 30.49 points, or 0.23%, at 13,090.86, whereas the Nasdaq Composite closed up 12.71 points, or 0.51%, at 2521.30.

Direct Tax Proceeds Up 44% Till Mid-August

New Delhi: A cheerful securities market, combined with an economy rising at 9 per cent, has resulted in the government accumulating 44.39 per cent extra direct tax receipts till August 15 in the cu

ICICI Prudential AMC Ties Up With United Bank Of India

JSW Steel Acquires Three Jindal Saw US Cos For $900 Million

JSW Steel LtdMumbai: In yet another mega acquirement in the steel segment, JSW Steel has adopted three steel companies in Texas, U.S for $900 million to get a foothold in the North American market.

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News in Focus

Bharat Electronics Share Price Target at Rs 530: ICICI Securities

Bharat Electronics Limited (BEL), backed by a strong recommendation from ICICI Securities, emerges as a compelling BUY candidate with a target price of Rs 530, implying a potential upside of 26% fr

Arvind Fashions Share Price Target at Rs 650: Motilal Oswal Research

Motilal Oswal Financial Services has reiterated a BUY call on Arvind Fashions, setting a target price of Rs 650, implying a robust upside of nearly 48% from the current market pric

Hyundai Motor India Share Price Target at Rs 2,150: ICICI Securities

Hyundai Motor India enters coverage with a BUY recommendation from ICICI Securities, backed by a target price of Rs 2,150, implying an upside potential of roughly 21% from the current market price

Kajaria Ceramics Share Price Could Reach Rs 1,147: Prabhudas Lilladher Research

Prabhudas Lilladher has issued a BUY recommendation on Kajaria Ceramics with a revised target price of Rs1,147, implying meaningful upside from the current market price of Rs 920.

Ashok Leyland Share Price Target at Rs 185: Motilal Oswal Research

Motilal Oswal Financial Services has reiterated a BUY call on Ashok Leyland with a target price of Rs 185, implying a potential upside of approximately 24% from current levels.

Aurionpro Solutions Share Price Could Reach Rs 1,352: Ventura Securities

Aurionpro Solutions is undergoing a structural transformation from a traditional IT services provider into a scalable, IP-led fintech and technology powerhouse.