Forex Reserves Up $937 Mn, Touches $213.5 Bn

Tulsi Deshmukh 8 July 2007

Forex TradingOn the back of rise in foreign currency and assets collections, Forex reserves soared

Gold Resiles The Global Market, Silver Did The Same

Shilpa Mahapatre 8 July 2007

GoldGold, rebounding on the bullion market on Saturday closed with a gain of Rs 55 at Rs 8,720 per ten gram, and Silver also did show surge on the market.

According to Marketmen, fresh buying by retailers and jewellery fabricators on the back of firming trend in overseas markets mainly helped pumping up the gold prices.

HDFC Bank Pushes Up NRE Deposit Interest Rates

Sukant Sharma 8 July 2007

HDFC BankThe Leader in the private sector lending – HDFC Bank has hiked the interest rates on its NR

Simplex To Raise Rs 55 Cr From Its IPO

Gaurav Mehra 8 July 2007

Simplex Projects LtdSimplex Projects Ltd., Construction Company is reported to h

Presidential Candidate Patil To Visit Bhubaneswar

Bhuvan Kala 8 July 2007

Pratibha PatilBhubaneswar: UPA’s presidential applicant Pratibha Patil will visit Bhubaneswar on July 11 to campaign.

AICC general secretary V Narayanswamy said Ms. Patil will arrive in the evening and talk with Congress MLAs and MPs and other backing parties at a meeting being planned for the purpose.

Realty Sector May Outperform

Malini Ranade 8 July 2007

Dipan Mehta, Member, BSE/NSE is of the view that realty segment is likely to do something to a greater degree.

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News in Focus

Waaree Energies Share Price Could Reach Rs 3,333: Anand Rathi Stock Research
Waaree Energies Share Price Could Reach Rs 3,333: Anand Rathi Stock Research
Featured, India Business, Energy Sector, Anand Rathi, CleanTech, India, Long Term Calls, Waaree Energies

Anand Rathi has maintained a Buy rating on Waaree Energies, though it trimmed the target price to Rs 3,333, implying roughly 27% upside from the current market price of Rs 2,624.

Bajaj Housing Finance Share Price Target at Rs 107: Deven Choksey Research
Bajaj Housing Finance Share Price Target at Rs 107: Deven Choksey Research
Featured, India Business, Analyst View, Bajaj Housing Finance, Deven Choksey, Finance Sector, India

Deven Choksey Research has maintained a Buy rating on Bajaj Housing Finance, setting a target price of Rs 107, implying 23% upside from the current market price of Rs 87.

Cryptocurrency Mining in Southeast Asia Increasingly Stealing Electricity, Causing Massive Loss to Transmission Companies
Cryptocurrency Mining in Southeast Asia Increasingly Stealing Electricity, Causing Massive Loss to Transmission Companies
Featured, Asia, Bitcoin, Cryptocurrency

Illegal cryptocurrency mining is draining electricity grids and funding organized crime across Southeast Asia, with Malaysia at the epicenter.

Dabur Share Price Could Reach Rs 515: Axis Securities Remains Positive on FMCG Major
Dabur Share Price Could Reach Rs 515: Axis Securities Remains Positive on FMCG Major
Featured, Stock Markets, Axis Securities, Dabur, FMCG Sector, India, Long Term Calls

Axis Securities has maintained a Buy rating on Dabur India, though it trimmed its target price to Rs 515 from Rs 550, still implying 19% upside from the current market price of Rs 433.

Vedanta Aluminium Metal Share Price Target at Rs 520: ICICI Securities
Vedanta Aluminium Metal Share Price Target at Rs 520: ICICI Securities
Featured, India Business, Analyst View, ICICI Securities, India, Metals Sector, Vedanta Aluminium Metal

ICICI Securities has maintained a Buy rating on Vedanta Aluminium Metal, holding its target price at Rs 520, implying 14% upside from the current market price of Rs 457.

Bajaj Finance Share Price Target at Rs 1,300: Motilal Oswal
Bajaj Finance Share Price Target at Rs 1,300: Motilal Oswal
Featured, Analyst View, Futures & Options, Stock Markets, Bajaj Finance, Finance Sector, India, Motilal Oswal

Motilal Oswal has upgraded its rating on Bajaj Finance to Buy from Neutral, setting a target price of Rs 1,300, implying 23% upside from the current market price of Rs 1,054.