Exim agrees to guarantee loan for Reliance’s project

Exim agrees to guarantee loan for Reliance’s projectAnil Ambani's Reliance group has succeeded in getting a loan agreement from Exim for its power project at Sasan, in Madhya Pradesh. Exim Bank has just given an introductory approval for lending $600 million which is approximately Rs. 2,800 crore in Indian figures, which will pay for the sale and export by the US firm Bucyrus International.

This grant of loans, according to a study conducted by the Metropolitan Milwaukee Association of Commerce, will also ascertain around 1000 jobs in the US and provide with employment.

Cabinet approves merger of State Bank of Indore with SBI

SBIThe SBI had proposed a merger with State Bank of Indore last year, which had been approved by the SBI central board. After the approval, the Centre even gave an in-principal approval. And now recently, the Cabinet has given its approval over the merger too.

With this merge happening between the two banks, SBI being State Bank of Indore's parent bank, SBI will share a swap ratio of 34:100, agreeing to give away 34 of its shares for every 100 shares from the State Bank of Indore, which is held by a few shareholders.

Aaj Tak and Headlines Today office was attacked by RSS workers

Aaj Tak and Headlines Today office was attacked by RSS workersAaj Tak and Headlines Today office located in Delhi was attacked by around 100 RSS workers on Friday.

It was reported that the reason behind the attack was a story which was aired by Headlines Today on Thursday, covering an issue including involvement of saffron leaders in Malegaon and Ajmer blasts. RSS workers want to take revenge for flashing this story.

Mercedes-Benz has brought the new sports car model in the Indian market

Mercedes-Benz-SLS-AMGNew sports car SLS AMG is launched by the luxury car maker; Mercedes, in India. The company has kept the price between Rs.2 and Rs.2.5 crore (ex-showroom Delhi).

The sports car is powered with 6.2 liter engine and has the ability to reach a maximum speed of 317 km per hour.

Wilfried Aulbur, chief executive, Mercedes-Benz India said that this car symbolize passion, performance, design, technology and engineering excellence values and all these features make it the most exclusive brand in the world.

Vaseline launches a campaign on Facebook

Vaseline launches a campaign on FacebookVaseline in a mode of promotion came out with a new application meant for Facebook with its new fairness cream for men.

This application utility is something which takes one by surprise as it offers to make the skin tone lighter in by few shades in order to "preview" one's looks by merely making them fairer after using the cream.

The page already boasts of 500 plus fans and assumingly number would go up pretty fast - as it comes from a country where most of the men are obsessed with the skin tone.

Epic browser an offering from India

Epic browser an offering from IndiaThe recent advancement in the field of browser based market comes from the Bangalore based firm Hidden Reflex who proclaims of launching its own browser "Epic".

Epic is the first Indian made web browser, which is based upon Mozilla platform and offers a plethora of India-centric features.

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News in Focus

Saregama Share Price Target at Rs 740: ICICI Direct

ICICI Direct, the retail research arm of ICICI Securities, has reiterated its BUY call on Saregama India with a 12-month target price of Rs 740, about 16% above the Rs 638 market price, after the R

Cera Sanitaryware Share Price Target at Rs 6,437: BOB Capital Markets

BOB Capital Markets has maintained its BUY rating on Cera Sanitaryware with a target price of Rs 6,437, implying about 34% upside from the Nov. 5 closing price of Rs 4,802.

Power Grid Corporation Share Price Target at Rs 350: ICICI Securities

ICICI Securities has maintained its BUY call on Power Grid Corporation of India, trimming its target price to Rs 350 from Rs 360, which implies about 35% upside from the current market price of Rs

State Bank of India (SBI) Share Price Target at Rs 1,300: ICICI Securities

ICICI Securities has maintained its BUY call on State Bank of India with an unchanged target price of Rs 1,300, implying about 34% upside from the current market price of Rs 970.

Trent Share Price Target at Rs 3,600: ICICI Securities

ICICI Securities has a BUY rating on Trent with a 12-month target price of Rs 3,600, about 18-19% above the current market price of Rs 3,040.

Waaree Energies Share Price Target at Rs 2,908: Joindre Capital Stock Research Report

Joindre Capital Services has kept its BUY rating on Waaree Energies with a target price of Rs 2,908, about 26.2% above the current market price of Rs 2,304.