Gold fell as stability in other markets reduced the demand for an alternative asset.
New Delhi, July 20 : Low-budget satire "Tere Bin Laden" that released Friday, grossed over Rs 500 million in its opening weekend and gave tough competition to the Sanjay Dutt-Bipasha Basu starrer "Lamhaa" and first time director Vikramaditya Motwane's "Udaan" that also released on the same day.
Leading home appliances firm Whirlpool has declared its first quarter financial results for the fiscal year 2010. As per the report it has managed to register an impressive net profit rise of 39%. 
After Infosys mentor, Nandan Nilekani was roped in by government to handle its Special Project named UIDAI, the latest to join the team is Bloomberg UTV's editor-in-chief, Govindraj Ethiraj. Invited by Nandan Nilenkani to join the clan, Govindraj has been instrumental in establishing Bloomberg UTV's operations in the country. 
One of the largest banks in the world- Citibank has appointed Pankaj Vaish as Head of Markets for Citi in India, Bangladesh and Sri Lanka. Vaish will shoulder the responsibilities for the fixed income, currencies, credit, commodities and equities businesses of the bank. 
The online and mobile video monetization company, Vdopia has recently appointed Lovnish Bhatia as General Manager, Business Development for its India operations. Bhatia that brings on board over 10 years of vast experience from the media industry will take charge of strategic and operational areas of the company. The announcement comes at a time when the company is increasing its business presence within the region with an increased focus on business development as an area. ICICI Securities has maintained a Buy rating on Suzlon Energy, retaining an unchanged target price of Rs 65, implying 35% upside from the current market price of Rs 48.
News in Focus
Featured, India Business, Energy Sector, Analyst View, CleanTech, ICICI Direct, India, Suzlon Energy
ICICI Securities has reiterated a Buy rating on Tata Power Company, maintaining a target price of Rs 485, implying 31% upside from the current market price of Rs 371.
Featured, India Business, Analyst View, Stock Markets, Coforge Limited, ICICI Direct, India, Technology Sector
ICICI Securities has maintained a Buy rating on Coforge Limited, setting a target price of Rs 1,950, implying a 17% upside from the current market price of Rs 1,669.
Featured, Analyst View, Futures & Options, Stock Markets, Bharat Electronics, ICICI Securities, India, Public Sector
ICICI Securities has maintained a Buy rating on Bharat Electronics, setting a target price of Rs 530, implying a 35% upside from the current market price of Rs 394.
Axis Securities has maintained a Buy rating on NTPC, though it has trimmed the target price slightly to Rs 420 from Rs 430, implying a 20% upside from the current market price of Rs 350.
ICICI Securities has maintained a Buy rating on Steel Authority of India, setting a target price of Rs 225, implying a 36% upside from the current market price of Rs 165.
Main Regional Stories
Axis Securities has maintained its Buy rating on Bank of Baroda, though it has trimmed the target price to Rs 290 from Rs 315, implying an 18% upside from the current market price of Rs 246.6.
Axis Securities has reiterated a Buy rating on Greenply Industries Limited, raising its target price to Rs 355 from Rs 340, implying a 19% upside from the current market price of Rs 298.
Featured, India Business, Analyst View, Axis Securities, India, Insurance Sector, SBI Life Insurance
Axis Securities has reiterated a Buy rating on SBI Life Insurance Limited, setting a target price of Rs 2,350, implying a 27% upside from the current market price of Rs 1,859.
