U.S. stimulus money for advanced battery and electric vehicle grants matched

U.S. stimulus money for advanced battery and electric vehicle grants matchedThe U. S. Department of Energy said on Wednesday that U. S. stimulus money for advanced battery and electric vehicle grants has been matched at least dollar for dollar.

The department said on Wednesday night that the economic stimulus money, intended to create jobs and promote investment and consumer spending during the recession, is also projected to increase U. S. production of the world's batteries for hybrid and electric cars to 40 percent by 2015 from 2 percent this year.

Punit Malhotra All Set To Act

Punit Malhotra All Set To ActPunit Malhotra who's just helmed a hit for Karan Johar's Dharma Productions is hoping someone would notice him and cast him as a leading man next.

"I won't cast myself in my next directorial project. I can't direct and act together. But I'd like to act in a film. An actor is what I came here to be", says Punit.

Would he be willing to be cast in a film written by Shobha De? Punit passes, "I'd get spanked on the sets everyday".

But before that Punit is off on a holiday.

Who Will Bring Kareena And Ranbir Together In A Film?

Who Will Bring Kareena And Ranbir Together In A Film?Bollywood actor Ranbir Kapoor and his cousin, the hot actress Kareena Kapoor are among the hottest list of the actors now. Audience has been waiting for a long time to see the brother-sister sharing the big screen.

Now, the race has started among the filmmakers to sign the cousins. Director Rohit Jugraj and filmmaker Sajid Nadiadwala are trying hard to get the Kapoors first for their films.

Authorities in New Jersey indict man in $880M Ponzi scheme

Authorities in New Jersey indict man in $880M Ponzi schemeAuthorities in New Jersey have said that a Florida man was indicted Wednesday in an alleged $880 million Ponzi scheme tied to a phantom grocery distribution business.

U. S. Attorney Paul J. Fishman said in a release that Nevin Shapiro, 41, of Miami Beach, Fla., the former owner and chief executive officer of Capitol Investments USA Inc., is accused of soliciting hundreds of millions of dollars from people in New Jersey and elsewhere who thought they were investing in his wholesale grocery distribution enterprise.

Head of Spirit Airlines calls for no airline tax fees

Head of Spirit Airlines calls for no airline tax feesThe head of U. S. carrier Spirit Airlines Inc. has said that luggage is "not essential" to travel, so paying $45 to place carry-ons overhead helps bag-free people fly.

Chief Executive Officer Ben Baldanza told the U. S. House Transportation Committee on Wednesday, "We are certain that Spirit's decision to unbundle services not essential to the transportation of passengers has enabled more passengers to fly at lower cost. Indeed, given our low fares, it has allowed many to travel who otherwise simply could not afford to do so."

US Tech layoffs still on, though slow by 70 percent

US Tech layoffs still on, though slow by 70 percentAn outpla

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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.