Sensex Surges 79.41 Pts; Nifty At 5,422.35

SensexThe 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), today crawled up around 80 points during noon on the back of strong signals from other Asian bourses.

The Sensex had hit 18,167.22 during morning, but dropped slightly in following sessions, with heavyweight Infosys dragging the stock index.

The Sensex, which belled the day at 18,024.95, was trading 79.41 points up at 18,065.31 as against its previous close at 17,985.9.

At the National Stock Exchange (NSE), the broad-based Nifty stood at 5,422.35, up 0.4% as compared to its last closure at 5,400.65.

SS Netcom Plans To Set Up First Global Call Centre In Meghalaya

SS Netcom Plans To Set Up First Global Call Centre In MeghalayaSS Netcom, the first IT solution company in the country's North Eastern region, is establishing an international call centre in Meghalaya.

SS Netcom Founder Conrad Sangma stated, "The client (an international IT company) is ready and we are in the process of streamlining the system."

In the Meghalaya Assembly, Mr. Sangma, a Wharton alumni, also serve as the youngest leader of opposition.

Google To Launch Social Networking Site 'Google Me'

Google To Launch Social Networking Site 'Google Me'As per hearsays, Google might roll out its own social networking site 'Google Me'.

Mr. Kevin Rose, the founder of Digg, tweeted, "Ok, umm, huge rumour: Google to launch Facebook competitor very soon "Google Me," very credible source" on June 28.

The report also said that internet giant has been exploring social networking patterns to make one of its own.

TechCrunch's tip-off leaked out that the research is to take place at Google's Dublin office and will take 60 minutes with pollsters receiving 60 Euros per survey.

Piramal Healthcare Sells Diagnostic Arm To Srl For Rs 600 Crore

Piramal Healthcare Sells Diagnostic Arm To Srl For Rs 600 CrorePiramal Healthcare Ltd announced that it has inked a definitive contract with Super Religare Laboratories Ltd (SRL) with the aim to sell its division Piramal Diagnostic Services Pvt Ltd (PDSL) to SRL.

According to reports, the deal is expected to be valued around Rs 600 crore.

Piramal Diagnostic Services Pvt Ltd offers up pathology and radiology diagnostic services via a broad network of 107 labs.

In FY'10, the company had reported revenues worth Rs 200 crore.

BMW Launches '5 Series' From Chennai Facility

BMW Launches '5 Series' From Chennai FacilityLuxury car manufacturer BMW has introduced its 5 Series sedans from the Chennai facility.

The company said that the delivery in the Indian market will start by the July end.

In his lecture, Juergen Eder, BMW Plant Managing Director stated that deliveries of the new 5 Series at a cost between Rs 38.9 lakh and Rs 58 lakh (ex-showroom) will start by the end of this month.

Minnesota town rated as best for living

Minnesota town rated as best for livingIt has been reported that Money Magazine, announcing its picks for the best 100 U. S. towns, gave first place to Eden Prairie, Minn., and 100th to Mount Pleasant, S. C.

The magazine reported in New York on Tuesday that numbers 2 through 4, in ascending order are Columbia/Ellicott City, Md., Newton, Mass., Bellevue, Wash., and McKinney, Texas.

Wendi Seminari, whose child and grandchildren also live in the city, said, "I love living in Eden Prairie." She said Eden Prairie is "good for all ages."

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News in Focus

Suzlon Energy Share Price Target at Rs 65: ICICI Direct

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.

Tata Power Share Price Target at Rs 485: ICICI Securities

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.

CoForge Limited Share Price Target at Rs 1,950: ICICI Securities

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.

Bharat Electronics Share Price Could Reach Rs 530: ICICI Securities Remains Bullish on PSU Major

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.

NTPC Share Price Target at Rs 420: Axis Securities Remains Bullish on PSU Counter

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.

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.