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."

Pages

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