Taxis to go on strike

Taxis to go on strikeTaxis shall not be moving on the roads on Thursday calling for the one day walkout by unions next to the government's stillness over their demand to raise the fares.

The strike call was declared after the discussions between representatives of the taxi unions followed by the Bengal Taxi alliance, President Bimal Guha and state transport minister Ranjit Kundu who botched during the Writers' Buildings on Wednesday.

High-end SUVs to get cheaper

High-end SUVs to get cheaperIt is believed that the dreams of owning a high-end SUV will soon be very affordable for many enthusiasts in the Indian market. As luxury carmakers plan to assemble them in India to crimp cost and high duties to attract consumers at aggressive prices, it is expected that the price of the several models will come down over the next one year.

Be it BMW, Audi, Tata-Land Rover, Hyundai, Renault or Volkswagen, mostly all the auto majors are planning to make their high-end sports utility vehicles in India.

Petrol to be reviewed every month

Petrol to be reviewed every monthThe Government forbidden oil marketing groups determined to appraise the retail rates of petrol on a monthly base. However, the date for the subsequent price analysis and the apparatus to glue the price is yet to be concluded.

Prices to come down by December and growth could exceed 8.5pc Says Montek

Prices to come down by December and growth could exceed 8.5pc Says MontekThe prospective good monsoons this year has brought along with it a host of other enthusiastic hopes. A bumper harvest is expected owing to the heavy rains, and as a result the much troubling inflation is expected to decrease, along with the prices of various goods.

UID to make PDS easier- Says Nilekani

UID to make PDS easier- Says NilekaniUnique Identification Authority of India (UID) announced on Tuesday that food distribution will become easier and more transparent now, since the food supply will now take place through a unique identification number system.

The project has been named 'Aadhaar' and it will work on this system to make the public distribution of food more transparent and also verify the authentication of justified price shops in the nation.

Bonus boosted investor sentiment

Bonus boosted investor sentimentWith the stock markets swinging on a high note, many Indian groups are providing free shares to shareholders, improving sentiments at these counteracts.

The recent link in the bandwagon is India's second-biggest two-wheeler manufacturer, Bajaj Auto, who expressed its board that it shall meet in the month of July 22 to think upon the bonus matter. The group's equity stroked an all-time inclination of Rs 2,525 on the Bombay Stock Exchange after the declaration, but ripped some gains to conclude up by 1.41 per cent to Rs 2,443.90 in a complete frail market.

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News in Focus

SAIL Share Price Target at Rs 225: ICICI Securities

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.

Bank of Baroda Share Price Target at Rs 390: Axis Securities

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.

Greenply Industries Share Price Target at Rs 355: Axis Securities

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.

SBI Life Insurance Share Price Target at Rs 2,350: Axis Securities

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.

ICICI Securities Keeps BUY on Jana Small Finance Bank with Share Price Target at Rs 600

ICICI Securities has maintained its BUY call on Jana Small Finance Bank, lifting the target price to Rs 600 from Rs 535 and implying about 20% upside from the current market price of Rs 498.