Basmati rice processor Rei Agro has declared its annual financial results for the fiscal year 2009-10. The company has posted a consolidated net profit of Rs 157.16 crore for the year that ended in 31st March, 2010. The net profit was reported to be Rs 60.92 crore for financial year 2008-09. 
Asda Group Ltd., the British arm of US retailer Wal-Mart, said that it is all set to buy the UK stores of the discount supermarket group Netto for £778 million. Asda said that this move of the company would its position as the No. 2 food retailer in UK. Netto is a supermarket group from Danish chain Dansk Supermarked A/S, owned by Danish shipping container group A. P. Moller Maersk A/S. 
Daily Mail & General Trust, the publisher Daily Mail newspaper, announced that its operating profit for the first half of the fiscal grew 20%, beating the expectations of the market analysts. The group said that the excellent first half results were mainly attributable to the improving advertising trends, cost cuts and a solid business to business performance during the period under consideration. 
Sony Computer Entertainment in Europe has officially publicised that Killzone 3, the hit series of Killzone franchise is under development in close unison with Guerilla Games. This first person shooter game - Killzone 3 is a PlayStation 3 exclusive game that now has been made available on a 3D format. Killzone 2 which was tainted as the best offering from the franchise slips its way out giving way to the next sequel. 
G-Fone has released its latest dual SIM phone in India- the G-Fone 571, as stated by Telecom Talk. This phone is a QWERTY keypad based handset with a commendable list of specs such as 2.2 inch, 64K screen that displays stuff at QVGA resolutions. It has a 208 Mhz processor that displays instant screenshots and other multimedia contents. 
The new software update for Nokia's Maemo based Internet tablet has come in full-fledge for the youth centric market. According to the latest happenings the update shall earmark from UK and eventually increase its spread in other parts of globe. ICICI Securities has reiterated its BUY rating on Axis Bank, projecting a resilient earnings trajectory despite a deliberate trade-off between net interest margin (NIM) and balance sheet expansion.
News in Focus
ICICI Direct has reiterated its BUY call on KPIT Technologies, projecting a 12‑month target price of Rs 1,475 versus a current market price of Rs 1,223, implying upside potential of about 21 percen
Motilal Oswal Financial Services has reiterated a BUY rating on Lodha Developers, calling for an aggressive re-rating as the country’s largest listed real estate player cements its dominance in Mum
The Hyundai Creta quickly became a massive success, and its popularity is just as strong in the 2nd hand cars market in Delhi.
Emkay Global Financial Services Limited has issued a BUY recommendation for Vishal Mega Mart (VMM), setting an ambitious target price of Rs 180 against the current market price of Rs 136, implying
Axis Securities has issued a compelling BUY recommendation for Tata Consultancy Services (TCS), positioning the IT services behemoth as a transformative force in the artificial intelligence era.
Main Regional Stories
ICICI Securities has upgraded Bajaj Finance to a BUY rating, revising its target price upward to Rs 1,180 from Rs 1,040, implying an 18% upside from the current market price of Rs 1,000.
Online casinos continue to attract new players who seek faster deposits, stronger security, and more control over their funds.
Fashion has always reinvented itself, but now it's stepping into a dimension where the runway floats, outfits glow, and physics bend, with creativity having no stitching limits whatsoever.
ICICI Securities has issued a BUY recommendation for LG Electronics India, establishing a target price of Rs 1,875 against the current market price of Rs 1,553, indicating a potential upside of 21%.
