SBI To Raise $44 b In 5 Yrs

Mumbai: State Bank of India Stock ChartAccording to the sources, State Bank

HCL Yearly Net At Rs 1,102 Cr, Declares Dividend

Chennai: HCL TechnologiesFor the year ended June 30, 2007, HCL Technologies ha posted a net profit

Pratibha Patil To Address The Country On Independence Day

President Pratibha PatilNew Delhi: According to a Rashtrapati Bhawan release that

Stock Market Trading Flat After Negative Opening

After opening unenthusiastically at 15,066.71, the stock market is trading flat in the morning trades.

On the other hand, Asian markets also opened negatively as the US subprime lender Aegis Mortgage filed for bankruptcy, activating worries of credit situations of higher risk mortgages.

Power Sector Needs Rs 10.31 Lakh Cr - Shinde

New Delhi: The power sector will require Rs 10,31,600 crore investment in 2007-12 to add up generation capacity, in addition to producing and advancing transmission and distribution networks.

TVS Electronics Advances Further

TVS ElectronicsIn early trading (10:05 am), TVS Electronics is quoting at Rs 47.45, up Rs 2.25. The stock price touched an intraday high of Rs 47.45 and an intraday low of Rs 47.25.

The company’s board has also approved transfer of 35.85% stake in TVS Finance to holding co. TVS Investment for Rs 14.84 cr. They struck down preferential apportioning of 36 lakh warrants exchangeable into equity at RS 48.50/sh to TVS Investment.

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News in Focus

Bajaj Housing Finance Share Price Target at Rs 107: Deven Choksey Research

Deven Choksey Research has maintained a Buy rating on Bajaj Housing Finance, setting a target price of Rs 107, implying 23% upside from the current market price of Rs 87.

Cryptocurrency Mining in Southeast Asia Increasingly Stealing Electricity, Causing Massive Loss to Transmission Companies

Illegal cryptocurrency mining is draining electricity grids and funding organized crime across Southeast Asia, with Malaysia at the epicenter.

Dabur Share Price Could Reach Rs 515: Axis Securities Remains Positive on FMCG Major

Axis Securities has maintained a Buy rating on Dabur India, though it trimmed its target price to Rs 515 from Rs 550, still implying 19% upside from the current market price of Rs 433.

Vedanta Aluminium Metal Share Price Target at Rs 520: ICICI Securities

ICICI Securities has maintained a Buy rating on Vedanta Aluminium Metal, holding its target price at Rs 520, implying 14% upside from the current market price of Rs 457.

Bajaj Finance Share Price Target at Rs 1,300: Motilal Oswal

Motilal Oswal has upgraded its rating on Bajaj Finance to Buy from Neutral, setting a target price of Rs 1,300, implying 23% upside from the current market price of Rs 1,054.

Mahindra & Mahindra Share Price Target at Rs 4,100 as Plan Execution Remains Strong: ICICI Securities

ICICI Securities has maintained a Buy rating on Mahindra & Mahindra, raising its target price to Rs 4,100 from Rs 4,000, implying 25% upside from the current market price of Rs 3,284.