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.

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News in Focus

HDB Financial Services Share Price Target at Rs 900: ICICI Securities

ICICI Securities has maintained its BUY recommendation on HDB Financial Services, setting a target price of Rs 900 versus a current market price of Rs 752, implying around 20% upside.

Tata Power Share Price Target at Rs 488: Motilal Oswal Research

Motilal Oswal has reiterated a BUY rating on Tata Power with a target price of Rs488, implying about 29% upside from the current market price of Rs378.

Jio Financial Services Share Price Target at Rs 315: Motilal Oswal Research

Motilal Oswal has reiterated a BUY call on Jio Financial Services, with a target price of Rs 315, implying meaningful upside from the current market price of Rs 23

Union Bank of India Share Price Target at Rs 206: Anand Rathi Research

Union Bank of India remains a constructive story after Anand Rathi Share and Stock Brokers reiterated a BUY call with a 12-month target price of Rs 206, implying meaningful upside from the current

ACC Limited Share Price Target at Rs 1,554: Deven Choksey Research

ACC Limited is in focus after Deven Choksey Research reiterated an Accumulate stance with a target price of Rs 1,554, implying 12% upside from the current market price of Rs 1,392.

Delta Exchange India Remains the Top Choice for Indian Cryptocurrency Traders to Stay Compliant with Indian Law While Trading in Cryptos

India's crypto trading base has quietly shifted away from its metro-city roots, with more than three-quarters of new activity now originating in Tier-2 and Tier-3 towns.