TopNews

New York: A steam pipe exploded in central Manhattan, according to reports. The cause of explosion was the cold water inside the pipeline. One person is killed in the blast, while four others sustained serious injuries. US government officials say it was not a terrorist attack.    

The underground steam pipe was 83 year old, and it exploded during the evening rush hour in the busiest sections of the New York City. Subway service was suspended.
 

New Delhi: US defense major Lockheed Martin on Wed

Sao Paulo- A Brazilian airlines crashed and burst into flames at busiest airport of Brazil, and about 200 people were feared dead in the country’s second major air disaster in less than a year.

Rescue crews said none of 176 people on board the Airbus A320 were likely to have survived, according to Sao Paulo state Gov. Jose Serra. The leader of rescue said there could be 200 people dead, including casualties on the ground.

Reliance Energy recorded a 25.45% enhancement in net profit to Rs 2,215.60 million for the quarter ended June 2007 from Rs 1,766.10 million in the corresponding period ended June 2006.

Anil Manghnani of Modern Shares & Stock Brokers is of the view that Tata Consultancy Services (TCS) has trading target of Rs 1200.

HDFC Bank diluted 0.2% to Rs 1197.15 on pricing its 6.6-million American Depository Receipts at $92.10 each.

The scrip hit a high of Rs 1,218 and a low of Rs 1,192.30 during the day. On 28 May 2007, the scrip touched a 52-week high of Rs 1,274 and a 52-week low of Rs 693.10 on 19 July 2006.

The HDFC Bank stock had developed 10.27% within the one month period to 17 July 2007 as against Sensex’s return of 8.59%. The scrip had outperformed the market over the past quarter, going down 22.41% as compared to the Sensex’s increase of 11.83%.