Good Numbers for Q1 increase operator activity in L&T

Larsen & ToubroLarsen & Toubro ascended 2.81% to Rs 2,395 in afternoon trading after announcing a 139.83% increase in net earnings in Q1 June 2007 quarter. It announced the quarterly results during market hours today, 19 July 2007.

During the day, the scrip touched an intraday high of Rs 2,420 and an intraday low of Rs 2,350. On 13 July 2007, the stock has had its 52-week high of Rs 2,450 and a 52-week low of Rs 978 on 24 July 2006.

TN To Emerge With Novel Plan For Small And Medium Enterprises

Tiruchirapalli: According to a senior representative that Tamil Nadu government would shortly emerge with a policy on micro, small and medium enterprises.

N Korea Promises To Break Up All Nuke Plans In 6-Months

Beijing: Joint talks on North Korea's nuclear disarmament opened up in an optimistic mood on Wednesday after Pyongyang close down all its five nuclear plants and expressed enthusiasm to come clean on its divisive atomic programme in the coming six months.

Chun Yung Woo, chief negotiator of South Korea said, “North Korea has demonstrated its willingness to disable its nuclear facilities and declare all its nuclear programmes in five to six months.”

MP Assembly Adjourns After Paying Honor To Deceased Leaders

Bhopal: On Wednesday, Madhya Pradesh assembly was adjourned for the day after members paid honor to various deceased leaders, comprising past Prime Minister Chandra Shekhar.

DLF Is Brilliant For Short Term Gains

DLF GroupDLF has declared the first quarter results and it records a net profit of Rs 1515.48 billion for the period ended June 30, 2007.

The company’s earning per share (EPS) stood at Rs 9.87, and its operating profit margin was at Rs. 56.4% in the first quarter of FY08.

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.
 

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News in Focus

Biocon Share Price Target at Rs 520: Motilal Oswal

Motilal Oswal reiterated a "Buy" rating for Biocon with a price target of Rs520. The target has been revised but positive view on the stock remains intact.

Life Insurance Corporation Share Price Target at Rs 480: Motilal Oswal Financial Services

Motilal Oswal Financial Services has reiterated a Buy rating on Life Insurance Corporation, raising its target price to Rs 480, implying 24% upside from the current market price of Rs 388.

Devyani International Share Price Target at Rs 160: Motilal Oswal Financial Services

Motilal Oswal Financial Services has reiterated a Buy rating on Devyani International, holding its target price at Rs 160, implying 35% upside from the current market price of Rs 118.

Eicher Motors Share Price Target at Rs 9,500: ICICI Securities

ICICI Securities has upgraded Eicher Motors to Buy from Hold, raising its target price to Rs 9,500 from Rs 7,400, implying 22% upside from the current market price of Rs 7,779.

Where Is the iPhone Cheapest in the World? The Global Price Rankings Revealed

The scale of the iPhone's reach is difficult to overstate. Apple now has more than 2.5 billion active devices in use worldwide, with well over 1.5 billion of those being iPhones specifically.

Hyundai Motor India Share Price Target at Rs 2,450: ICICI Securities

ICICI Securities has maintained a Buy rating on Hyundai Motor India, trimming its target price slightly to Rs 2,450 from Rs 2,475, still implying 21% upside from the current market price of Rs 2,01