Microsoft Bandages Ani Vulnerability

The Tuesdays’ Microsoft Corp.Microsoft "critical" out-of cycle security update release has fi

Rupee Surges to 8-Years High against Dollar

The Indian Rupee, on Wednesday, surged to its highest level in nearly 8 years. The Rupee traded 43 to a dollar as banks sold the US unit to raise funds to meet statutory reserve requirements.
According to reports, ending at 43.065/075 on Tuesday, the rupee was at 42.925/935 per dollar at 10:15 am on Wednesday, off an early high of 42.84, it’s strongest since June 1, 1999, when it traded at 42.83.
The Rupee has gained about 9.5 % since hitting a 3-year low last July, and the central bank is thought to be uneasy with the rupee's pace of appreciation.

Indian Hotels All Set To Buy US Hotel

According to BSE reports, the Tata Group Company, Indian Hotels, through its 100% subsidiary company, is all set to take over San Francisco based Hotel Campton Place in a deal of expected value $60

Cement Shares Drop Precipitously

Cement Shares Drop Precipitously

The shares in cement firms dropped precipitously on Wednesday, after the government’s trashing some duties to help imports and rein in domestic prices.

Sony Drops PSP Prices

Sony Computer Sony Computer EntertainmentEntertainment America (SCEA

HDFC Hikes Lending Rates

HDFC BankIndia’s largest house finance banking company HDFC has announced raised lending rates by 75 basis points for new loan seekers, and on the other hand, the interest rate is up 50 bps for the existing customers.

The 50 bps hike will translate into a Rs 32 hike each month on a loan of Rs 1 lakh borrowed for 20 years. Yet HDFC’s after hike rates are cheaper than its nearest rival ICICI Bank which annunciated a rate hike last Week. Last week, ICICI Bank increased its benchmark advance rate to 15.75%, while Yes Bank hiked its PLR to 14.75%. However, the state-owned banks are yet to consider their lending rates.

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News in Focus

Indegene (INDGN) Share Price Target at Rs 700: Kotak Securities

Kotak Institutional Equities has issued a BUY recommendation for Indegene, a leading IT services firm specializing in the healthcare and life sciences sectors, with a current marke

InterGlobe Aviation (INDIGO) Share Price Target at Rs 6,700: Kotak Securities

Kotak Institutional Equities has issued a BUY recommendation on InterGlobe Aviation (IndiGo), setting a one-year target price of Rs6,700, which represents a compelling upside from the current marke

Premier Energies Share Price Target at Rs 1,320: ICICI Securities

ICICI Securities has issued a BUY call for Premier Energies, setting a 12-month target price of Rs 1,320, representing a potential upside of 25% from the current market price.

Tata Consumer Products Share Price Target at Rs 1,360: Motilal Oswal Research

Motilal Oswal Financial Services has reaffirmed its BUY rating on Tata Consumer Products (TCPL) with a 12-month target price of Rs 1,360, projecting 21% upside from current levels.

Axis Bank Share Price Jump 1.08%; Immediate Resistance at Rs 1,265

Axis Bank Share Price jumped 1.08 percent on Tuesday as overall sentiment about banking sector remains positive after RBI's rate cut decision.

HDFC Bank Share Price Declines 0.8 Percent; Immediate Supports at Rs 1,926

HDFC Bank share price declined 0.8 percent on Tuesday. The stock opened the session at Rs 1,982 and that remained the high for the day.