US Launches Investigation Into ‘Friendly Fire’ British Deaths

Washington: The United States enounced it would carry on a methodical investigation with Britain into the situation under which three British NATO military personnel were killed in a friendly fire event in Afghanistan.

Kurt Volker, the principal deputy assistant secretary of state for European and Eurasian Affairs said, “The United States is deeply saddened by the death of three British soldiers in Afghanistan and the wounding of two others in a friendly fire incident involving ordinance dropped by a US aircraft.”

Fortis plans to invest 1200 Crore in Rajasthan

Fortis Healthcare has announced its plans to invest over Rs 1,200 crore in Rajasthan in the next 10 years.

Burger King posts better-than-expected Net Profit

Burger King Holdings Inc.Burger King Holdings Inc.

RJD MP Rajesh Kumar Manjhi to be suspeded from Parliament 30 Sessions for Cheating

A Parliamentary group has suggested suspension of Rashtriya Janata Dal MP Rajesh Kumar Manjhi from Lok Sabha for 30 sessions.

Higher Food Prices raised Inflation to 4.10%

For the week ended Aug. 11, 2007, India’s wholesale price inflation rate stood at 4.10%, which is higher than 4.05% in the last week.

HCL Infosystems’ Q4 Net Zooms 21%, Declares Dividend

HCL Infosystems
New Delhi: HCL Infosystems has declared results for fourth quarter that ended on June 30, 2007. It recorded about 13 per cent increase in consolidated net profit for the year ended June 2007, which stood at Rs 315.95 crore.

The company has also announced that it has pocketed Rs 500-crore deal from Bharat Sanchar Nigam Ltd. HCL’s consolidated gross sales in the same period was also up at Rs 11,855.43 crore as against Rs 11,454.97 crore in the corresponding period of the last year.

Pages

News in Focus

Federal Bank Share Price Target at Rs 340: Axis Securities

In its latest result update, Axis Securities has reiterated a BUY recommendation on Federal Bank Ltd., setting a target price of Rs 340, implying an upside of approximately 19% from current levels.

Bajaj Finance Share Price Target at Rs 1,160: Axis Securities

Axis Securities has reiterated a BUY call on Bajaj Finance Ltd., assigning a target price of Rs 1,160, implying an upside of ~25% from current levels.

Royal Enfield Hunter 350 Instrument Cluster Myths: Are Display Issues Really Common or Just Misunderstood?

On a Royal Enfield, the first glance down at the console is never just about speed. It is a ritual: you feel the thump, hear the exhaust settle, and confirm that the bike is ready to run with you.

M&M Financial Services Share Price Target at Rs 350: IDBI Capital

IDBI Capital has maintained a BUY rating on M&M Financial Services (MMFS), with a target price of Rs 350, implying a potential upside of ~19% from the current market price of Rs 294.

Axis Bank Share Price Target at Rs 1,610: Anand Rathi Research

Anand Rathi Share and Stock Brokers has reiterated a BUY rating on Axis Bank, setting a 12-month target price of Rs1,610, implying a meaningful upside from the cur