Bharti Airtel To Amplify Its Presence, Investing $200 Mn In Sri Lanka

Bharti AirtelNew Delhi: Bharti Airtel Lanka Pvt Ltd will invest up to $200 million by 2009 for offering mobile services in Sri Lanka. The recent plan is a part of company’s strategy to amplify its presence beyond India.

The company is all set to instigate both 2G and 3G mobile services in Sri Lanka by the end of the current fiscal.

State-owned Oil Companies Seek Hike In Oil Prices in order to Cover Losses

Government-owned oil companies that are dropping off more than Rs 1.85 billion each day on sale of four fuel products, (petrol, diesel, domestic cooking gas (LPG) and kerosene) are seeking an immediate hike in fuel prices, report agency sources.

In a written reply in Lok Sabha, Dinsha Patel, State Minister for petroleum and natural gas alleged that the state-owned oil marketing companies have wanted correction in the costs of receptive petroleum products because of enhancement in worldwide oil costs.

Akar Tools Board Declares Final Dividend For 2006-07

Akar Tools Ltd.At its meeting held Aug. 14, 2007, the board directors of Akar Tools have sanctioned a dividend of 15% or Rs 1.50 a share of Rs 10 each for the fiscal 2006-07.

Akar Tools declared a fantastic jump in its quarterly net profit for June 2007. The company’s income boosted 2.18 times, to Rs 9.09 million, from Rs 4.17 million in the same period of the last year.

Reliance Retail To Open Up Mega Retail Outlet

Reliance FreshAccording to the reports Reliance Retail is ready to open up 500 hypermarkets crosswise the country by next three years (2010).

The company showed a glance of its jumbo plans by opening up a huge 165,000 sq.ft hypermarket RelianceMart in Ahmedabad, which is largest complete format store in the country.

Global Worries Hit Bourses; Sensex, Nifty Break Up

BSE SensexWith weak worldwide markets activating a substantial sales event, the Sensex plunged over 650 p

Zuari Industries Zooms To New High

Zuari IndustriesZuari Industries touched its 52 week high of Rs 254.90.

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News in Focus

InterGlobe Aviation (INDIGO) Share Price Target at Rs 5,500: Emkay Research

Emkay Research has issued a BUY recommendation on InterGlobe Aviation (IndiGo), setting a revised target price of Rs5,500, implying a potential upside of approximately 31.5% from the current market

CCL Products (India) Share Price Target at Rs 1,350: Geojit Financial Services

Geojit Financial Services has issued a ‘BUY’ recommendation on CCL Products (India) Ltd., highlighting strong earnings momentum, improving balance sheet strength, and a technically bullish setup.

Emami Shares Price Dips to Yearly Lows; Emami Acquires 100% Stake in Axiom Ayurveda

Emami share price touched 52-week lows during Thursday's trading session but the stock recovered by the end of the day. Emami touched Rs 385.5 but ended the day 1.3 percent higher at Rs 398.5.

Premier Energies, Waaree Energies, ONGC, Oil India Shares Could See Slight Upside: Yes Securities

Premier Energies, Waaree Energies, ONGC, Oil India shares could see higher levels in upcoming sessions as markets can recover after US President Donald Trump's announcement of withdrawing from Iran

Swiggy Share Price Target at Rs 460: HDFC Securities

HDFC Securities has reiterated a BUY call on Swiggy, underscoring a compelling valuation opportunity after a sharp ~37% correction over the past six months.

Eternal (Zomato) Share Price Could Reach Rs 340: HDFC Securities

HDFC Securities has upgraded Eternal to a BUY rating, maintaining a target price of Rs 340, signaling a compelling upside from current levels.