Stand against sex abuse stiffened by Vatican

Stand against sex abuse stiffened by VaticanThe Vatican said on Thursday that the Catholic Church's statute of limitations on child sexual abuse has been extended to 20 years after a victim's 18th birthday.

Catholic News Service has reported that the church, wracked in recent years by priest sex abuse scandals, also reclassified possession of child pornography, equating it with sexual abuse of children. That means priests proved to have used child pornography can be defrocked.

The changes were part of a revision of "Delicta Graviora," a document defining crimes against the church.

Saudi Arabian government planning crackdown on schools promoting terror

Saudi Arabian government planning crackdown on schools promoting terrorIt is cracking down on teachers who use the classroom to spread support of terrorism, says the government of Saudi Arabia.

Gulf News has reported on Thursday that officials said more than 2,000 teachers have been transferred to administrative positions in two years after they were found to be proselytizing for al-Qaida.

New containment cap stops oil flow in Gulf of Mexico

New containment cap stops oil flow in Gulf of MexicoA test of the new containment cap on the well gushing oil into the Gulf of Mexico has stopped the flow of crude, a BP official said on Thursday.

BP engineers closed all three valves on the massive containment cap and oil stopped spewing into the water a mile below the surface for the first time since April 20, when the Deepwater Horizon rig exploded, killing 11 workers.

BP Vice President Kent Wells said during an interview with NPR, "We will be monitoring the pressure carefully every 6 hours. It was quite something to see."

BMW releases support for iPod Out

BMW releases support for iPod OutBMW has publicised the release of ‘iPod Out’ feature with respect to the new iOS 4 that will go on-board with all kinds of entertainment systems in all new vehicles.

It was further stated by the car maker that the feature will help all kinds of BMW and Mini car owners to control their iPhones and iPods from vehicle's on-board entertainment system.

One can also use the gadget’s Genius feature and customize their playlists.

The devices that prove to go smooth are iPhone 3G, 3GS, iPhone 4, along with second and third generation iPod Touch devices.

A report on Apple & AT&T lawsuit

A report on Apple & AT&T lawsuitThe recent report stated by federal judge claims that a monopoly lawsuit filed in lieu of Apple and network carrier AT&T’s is considered to be a class action, as stated by the Associated Press.

The lawsuit will take in consideration of a number of lawsuits filed by iPhone customers that date back to 2007, soon after the proclamation of Apple's first iPhone model, and at the same time stop the trade of locked iPhones that can be used on AT&T’s networks only.

Facebook Gifts soon to seek a closure

Facebook Gifts soon to seek a closureFacebook is all set to close down the operations of its ‘Facebook Gifts’ from 1 August, CNN reports.

This application was termed to be one of the earliest apps that was offered by the social networking giant and thus, helped send virtual gifts to friends and family with the help of Facebook Credits.

Jared Morgenstern through his blog post explained: “Closing the Gift Shop may disappoint many of the people who have given millions of gifts, but we made the decision after careful thought about where we need to focus our product development efforts."

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News in Focus

Kalyan Jewellers Share Price Target at Rs 786: BOB Capital Markets

BOB Capital Markets has upgraded Kalyan Jewellers to BUY from HOLD with a target price of Rs 786, implying about 18% upside from Rs 664.

Tata Steel Share Price Could Reach Rs 230: ICICI Securities

ICICI Securities has retained its BUY call on Tata Steel with a revised sum-of-the-parts target of Rs 230, implying 24% upside from Rs 185 over 12 months.

Pricol Share Price Target at Rs 935: Axis Securities

Axis Securities has kept its BUY call on Pricol Ltd with an unchanged target price of Rs 935, about 28% above the Nov. 5 closing price of Rs 728.

Mahindra & Mahindra Share Price Target at Rs 4,387: BOB Capital Markets

BOB Capital Markets has retained its BUY rating on Mahindra & Mahindra but trimmed its target price to Rs 4,387 from Rs 4,530, still implying about 40% upside from the Rs 3,128 market price.

ICICI Securities has maintained its BUY rating on Swiggy but cut its target price to Rs 400 from Rs 520, still implying about 90% upside from the Rs 211 market price.

Stylam Industries Share Price Target at Rs 3,750: ICICI Direct

ICICI Direct, the retail research arm of ICICI Securities, has maintained its BUY call on Stylam Industries with a revised 12-month target price of Rs 3,750, about 21% above the current market pric