Manhattan Pipe Explosion, One Died

New York: A steam pipe exploded in central Manhattan, according to reports. The cause of explosion was the cold water inside the pipeline. One person is killed in the blast, while four others sustained serious injuries. US government officials say it was not a terrorist attack.    

The underground steam pipe was 83 year old, and it exploded during the evening rush hour in the busiest sections of the New York City. Subway service was suspended.
 

Martin Gives Away India Innovation Award

New Delhi: Lockheed Martin CorporationUS defense major Lockheed Martin on Wed

Brazil Plane Crash, 200 Feared Dead

Sao Paulo- A Brazilian airlines crashed and burst into flames at busiest airport of Brazil, and about 200 people were feared dead in the country’s second major air disaster in less than a year.

Rescue crews said none of 176 people on board the Airbus A320 were likely to have survived, according to Sao Paulo state Gov. Jose Serra. The leader of rescue said there could be 200 people dead, including casualties on the ground.

Reliance Energy Net Rises 25% In Jun`07 Qtr

Reliance Energy LimitedReliance Energy recorded a 25.45% enhancement in net profit to Rs 2,215.60 million for the quarter ended June 2007 from Rs 1,766.10 million in the corresponding period ended June 2006.

TCS Has Target Of Rs 1200 – Anil Manghnani

Anil ManghnaniTata Consultancy Services of Modern Shares & Stock Brokers is of the view that Tata Consultancy Services (TCS) has trading target of Rs 1200.

HDFC Bank Stock Rates Fall After Valuing ADR at a Discount

HDFC BankHDFC Bank diluted 0.2% to Rs 1197.15 on pricing its 6.6-million American Depository Receipts at $92.10 each.

The scrip hit a high of Rs 1,218 and a low of Rs 1,192.30 during the day. On 28 May 2007, the scrip touched a 52-week high of Rs 1,274 and a 52-week low of Rs 693.10 on 19 July 2006.

The HDFC Bank stock had developed 10.27% within the one month period to 17 July 2007 as against Sensex’s return of 8.59%. The scrip had outperformed the market over the past quarter, going down 22.41% as compared to the Sensex’s increase of 11.83%.

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News in Focus

Tesla Motors reportedly looking to add twice-powerful “4D” radar to EVs to boost self-driving effort

Tesla Motors, electric vehicle & clean energy major based in Palo Alto, California, is reportedly planning to add new “4D” radar with twice the range of its current radar to its vehicles to boo

BUY Aurobindo Pharma with target Rs 985: Motilal Oswal

Research house and brokerage Motilal Oswal has suggested BUY Call for pharmaceutical major Aurobindo Pharma with a target price of Rs 985.

Yes Bank CEO Prashant Kumar Confident about Future Performance

Yes Bank CEO Prashant Kumar has shared his optimism about the future of the troubled private sector lender.

Sudarshan Sukhani: BUY HDFC Life; SELL ITC, Sun TV and United Breweries

Technical analyst Sudarshan Sukhani has suggested one BUY Call and three SELL Calls for today’s trading session.

Ashwani Gujral: BUY HDFC Life, Hindustan Unilever; SELL Bajaj Auto, Hindalco and Manappuram

Market analyst Ashwani Gujral has suggested two BUY Calls and three SELL Calls for today’s trading session.

Mitesh Thakkar: BUY Larsen & Toubro, HDFC Life; SELL TVS Motor and Mahindra & Mahindra

Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open positive today after yesterday’s decline.