Haneef’s Lawyers To Holdup His Bail Posting

Melbourne: Lawyers for Mohammed Haneef may holdup posting his bail as they plan a plea against Immigration Minister Kevin Andrews' assessment to terminate the Indian doctor's work permit.

ONGC Moves Up 33 Ranks On Fortune Listing

Oil and Natural Gas CorporationNew Delhi: Oil and Natural Gas Corporation (ONGC) lifted 33 notches to 369th position in the newly issued 2007 version of Fortune Global 500 list.

According to the company release, “After making a debut in the turnover-based annual Fortune Global club two years ago (with a rank of 459), ONGC has moved up steadily, thanks to its advancing topline.”

Market Ends Marginally Up After Weak Performance

Bombay Stock ExchangeThe BSE share index opened its eyes on a positive note at 15,295.03. Later on, it slipped into depressing zone and continued to trade flat for most part of the day. It also touched an intra-day high of 15,341.38 to end the day on a positive note.

Cement stocks were in the public interest, whereas IT, pharma and banking stocks led the declines. Auto stocks displayed mixed inclination.

TCS Q1 Income Up, Declares Dividend

Tata Consultancy Services LtdTata Consultancy Services Ltd (TCS) has annunciated the following audited outcomes for the quarter ended June 30, 2007. The consolidated results are as follows:

North Korea Shuts Down Its Nuclear Reactor

U.S. National Security Advisor Stephen Hadley said it seems the North Korean have indeed close down their major plutonium reprocessing facility at Yongbyon, about 100 km north of Pyongyang.

Ford To Sell Volvo, Reports

Ford Motor Co.Dearborn, Mich. - Ford Motor Co. is setting to sell its moneymaking Volvo luxury brand as it works to return its North American operations to profitability, according to reports.

The Sunday Times reported, the decision to sell Volvo, a part of Ford’s Premier Automotive Group, was made in the past two weeks, but that the timings of the sale had still to be decided,

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News in Focus

Godrej Agrovet Share Price Target at Rs 675: Motilal Oswal Financial Services

Motilal Oswal Financial Services has reiterated a Buy rating on Godrej Agrovet, holding its target price at Rs 675, implying 24% upside from the current market price of Rs 545.

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.