Mid Range Costs Help Khatta Meetha

Mid Range Costs Help Khatta MeethaKhatta Meetha hasn't lived up to the expectations from the content perspective. What was being sold entirely as a comedy has turned out to be a semi-humor-semi-drama affair. Even that would have been acceptable had the film being an engrossing watch. However, the fact remains that this is yet another loosely put together film by Priyadarshan, something which was the case with his last release Bumm Bumm Bole as well.

Honda divesting 6% stake in Hero Honda

Honda divesting 6% stake in Hero HondaThe largest producer of the motorcycles across the world for the past nine years has surely been going through one of the best growth phases in the history of the company but its stock took a beating after the news of Honda divesting a 6% stake in the company hit the bourses.

It is to be mentioned here that the Japanese auto major holds a 6% stake in the two-wheeler major while the majority stake is being held by the Munjals.

Sachin On ‘Bigg Boss’ Wish List?

Sachin On ‘Bigg Boss’ Wish List?Alright! `Bigg Boss 4' is slated for a year-end launch. Colors though have begun the hunt for a host and the inmates.

Pre-owned car sales in vogue

Pre-owned car sales in voguePre-owned cars are surely the talk of the town for the past few months as a host of auto makers in the country, namely Toyota Kirloskar, Honda Siel, Hyundai Motors to General Motors India are expanding their pre-owned cars business to gain on the new cars sales via the exchange program.

It is to be mentioned here that Toyota Kirloskar is planning to sell almost 25-30% of its compact car Etios, which will be launched next year, through its used car outlets, Toyota You Trust. Moreover, players like GM India and Hyundai Motors India is also striving hard to expand its footprint in the used cars business.

SKS Microfinance fixes price band for IPO

SKS Microfinance fixes price band for IPOHyderabad-based SKS Microfinance, announced a price band of Rs. 850-995 for its upcoming Initial Public Offer (IPO) that will open for subscription on Wednesday, July, 28, 2010.

Vodafone may sell stake in Bharti

Vodafone may sell stake in BhartiAs reported by Business Standard, one of the leading dailies in the country, Vodafone Group Plc is mulling over its options to sell a minority stake of 4.39 per cent held by it in India's largest telecom service provider Bharti Airtel.

At current market price the stake would fetch around $1.1 billion (Rs. 5,200 crore) to Vodafone.

Though Business Standard did not disclose its source for the information, it did mention that the move is a part of Vodafone's strategy to exit from the company's small ticket investments across the globe.

Pages

News in Focus

Kalyan Jewellers Share Price Target at Rs 786: BOB Capital Markets

BOB Capital Markets has upgraded Kalyan Jewellers to BUY from HOLD with a target price of Rs 786, implying about 18% upside from Rs 664.

Tata Steel Share Price Could Reach Rs 230: ICICI Securities

ICICI Securities has retained its BUY call on Tata Steel with a revised sum-of-the-parts target of Rs 230, implying 24% upside from Rs 185 over 12 months.

Pricol Share Price Target at Rs 935: Axis Securities

Axis Securities has kept its BUY call on Pricol Ltd with an unchanged target price of Rs 935, about 28% above the Nov. 5 closing price of Rs 728.

Mahindra & Mahindra Share Price Target at Rs 4,387: BOB Capital Markets

BOB Capital Markets has retained its BUY rating on Mahindra & Mahindra but trimmed its target price to Rs 4,387 from Rs 4,530, still implying about 40% upside from the Rs 3,128 market price.

ICICI Securities has maintained its BUY rating on Swiggy but cut its target price to Rs 400 from Rs 520, still implying about 90% upside from the Rs 211 market price.

Stylam Industries Share Price Target at Rs 3,750: ICICI Direct

ICICI Direct, the retail research arm of ICICI Securities, has maintained its BUY call on Stylam Industries with a revised 12-month target price of Rs 3,750, about 21% above the current market pric