New Delhi, April 15: Nirmal Bang Research is bullish on State Bank of India (SBI) and maintained ‘Buy’ rating on the stock to achieve a target of Rs 1265.
Traders can buy the stock on dips with a stop loss of Rs 1240.
Shares of the company, on Monday (April 13), closed at Rs 1217.90 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 130.14 and 9.51 respectively. The share price has seen a 52-week high of Rs 1840 and a low of Rs 894 on BSE.
Hyderabad, April 15: While union minister S. Jaipal Reddy has a strong chance of being re-elected to the Lok Sabha, his colleagues Renuka Chowdhury and D. Purandareswari are facing tough fights. All three are in the fray for the first phase of parliamentary polls in Andhra Pradesh Thursday.
The first phase covers 22 Lok Sabha and 154 assembly constituencies in 10 districts in Telangana and north coastal Andhra.
Jerusalem, April 15: Israel and its closest ally US will test three different ballistic missile defence (BMD) systems in an unprecedented joint exercise later this year to thwart any danger emanating from Iran’s pursuit for nuclear capability, a media report said.
The exercise named “Juniper Cobra”, which is to be held in Israel, is set to include the newly developed indigenous Arrow 2, America’s THAAD (Terminal High Altitude Area Defence) and the ship-based Aegis Ballistic Missile Defence systems, the ‘Jerusalem Post’ said, without mentioning the exact dates for the exercise.
Lucknow, April 16: The people of this town are still star-struck with Mohammed Azharuddin turning Congress candidate and campaigning here. They have huge expectations from India’s former cricket skipper. They want him to put the sheen back on the city known for its brassware.
It is called the ‘Brass City’ , but Moradabad’s famous brass industry is going through a bad time thanks to the global economic downturn. Hundreds of small units have closed down due to lack of orders from abroad. And everyone here wants their MP to articulate their problems in New Delhi and to find solutions.
Baghdad, April 14: Iraq has invited honeymooners to stay in Saddam’s luxurious bedroom in a presidential palace located in the war-torn town of Hillah.
The Iraqi cultural heritage officials have offered the former dictator’s bedroom for £150 per night as a part of efforts made to revive the country’s tourism industry.
The presidential palace, which used to stun visitors with its numerous Roman columns, chandeliers and gargantuan bathrooms, has been built on top of a manmade hill overlooking the Euphrates.
Hyderabad, April 13: The Election Commission on Sunday shunted out five DSPs in the state for dereliction of duty. Those given the marching orders were G Malla Reddy of Tadipatri, N Sai Nath of Kadiri, T Janardhan of Nagarkurnool, T S Krishnamurthy of Adoni and V R N Tagore of Guntur rural.
Hyderabad, April 05: Placed on the hot seat barely few days before polling by the Election Commission, DGP A K Mohanty has begun cracking the whip.
He has recommended the transfer of East Godavari SP Y Nagi Reddy to the Election Commission for not fulfilling the poll-related responsibilities. Sources said the axe is likely to fall on at least two other SPs and some DSPs.
Tokyo, April 05: North Korea launched a rocket Sunday, a South Korean foreign ministry official told Yonhap news agency.
Pyongyang said it was putting a communications satellite into orbit, but Japan, South Korea and Washington believe the launch was a screen to test a long-range ballistic missile.
The launch occurred around 11.30 a.m. (0230 GMT) from North Korea’s base on its east coast, the official said.
—-Agencies
Durban, April 04: Captain Ricky Ponting hailed the return to form of Mike Hussey as Australia gained a crushing 141-run win over South Africa in the first One-Day International at Kingsmead on Friday.
Hussey hit 83 not out as Australia piled up 286 for seven. South Africa were bowled out for 145 in the opening encounter of a five-match series.
“It’s been a difficult few months for him,” Ponting said of Hussey, who scored only 132 runs at an average of 22 in a three-match Test series and was out for a duck in a Twenty20 international.
Mumbai, March 29: Kangana is getting ready for the biggest challenge of her career. Kangana Ranaut
She’ll be playing whom she considers the most beautiful woman in the history of Indian cinema. It’s a thought that flatters and terrifies her. Kangana is afraid she may not look beautiful enough on screen.
Kannur, March 29: The battle for the Kannur Lok Sabha seat will be an acid test for the ruling Communist Party of India-Marxist (CPI-M) as the Congress is pulling out all stops to capture the constituency after a gap of 10 years.
The Congress has fielded ‘the best possible candidate’ there, sitting Kannur assembly legislator and 60-year-old former minister K. Sudhakaran, a battle scarred veteran who completed a hat-trick of victories in the 2006 assembly polls from here.
Mumbai, March 29: We didn’t say that. Sushmita Sen said that about herself! In the city to attend an event, Sush made a candid confession. When asked what was that Sushmita Sen one thing in her life that she would not want to talk about in public, she said, “Meri zindagi ek khuli kitaab hai.
Mumbai, March 27: Bharatiya Janata Party (BJP) youth wing leader Poonam Mahajan-Rao, daughter of late Pramod Mahajan, Friday met Maharashtra Navnirman Sena (MNS) chief Raj Thackeray, then said there was ‘nothing political’ about the meeting.
After the meeting, Poonam denied rumours that she was quitting the BJP and joining the MNS.
‘I continue to remain in the BJP,’ she said.
Mahajan was hopeful of securing the BJP ticket from Mumbai North-East constituency in the ensuring Lok Sabha polls but the nomination was given to Kirit Somaiya.
New Delhi, March 27: The law would take its own course in the case of Gujarat minister Maya Kodnani, who quit Friday after her bail plea was rejected for her role in the 2002 sectarian violence, the Bharatiya Janata Party (BJP) said.
‘Once the decision has come from the Gujarat High Court, the party asked her to resign. She resigned. Rest, the law will take its own course,’ party spokesperson Balbir Punj told reporters here.
Hyderabad, March 27: Actor-politician Chiranjeevi would be contesting from Andhra Pradesh’s Tirupati assembly seat, his Praja Rajya Party (PRP) announced Friday while declaring the first list of candidates for the state assembly and Lok Sabha elections.
Unlike other parties, which declared their lists either in Delhi or Hyderabad, he chose Jaggampet in coastal Andhra Pradesh’s East Godavari district to announce the candidates for 100 assembly and nine Lok Sabha seats.
Mumbai, March 27: The state-owned Punjab National Bank (PNB) feels it would be difficult to lower lending rates any further if the government did not slash interest rates on existing deposits.
New Delhi, March 27: The Delhi High Court Friday dismissed the anticipatory bail plea of Varun Gandhi after the lawyer for the Bharatiya Janata Party (BJP) candidate charged with making communal speeches withdrew the petition.
The lawyer said he was withdrawing the petition since the Allahabad High Court had already dismissed Varun Gandhi’s plea to quash the first information report (FIR) filed by the police in Pilbhit, the Uttar Pradesh constituency from which he is contesting in the April-May Lok Sabha poll.
New Delhi, March 26: India appears to be set for a deflationary phase with Inflation hitting 30 year low at 0.27 percent even as prices of some essential commodities like cereals and vegetables rose during the period.
The figures released on Thursday were for the week ended March 14, down from 0.44 percent recorded for the earlier week.
However, despite the remarkable drop in inflation rate, there is still no significant drop in consumer price index (CPI), which relates to the prices of consumer goods including fruits and vegetables.
Jammu, March 26: The Srinagar-Kargil Highway, closed since December last owing to heavy snowfall in the region, is expected to be thrown open to traffic from April 7, a senior official said here Thursday.
“With snow clearance operations being undertaken around Zojila pass, the Srinagar-Kargil road is expected to be thrown open for vehicular traffic by April 7, 2009,” Deputy Commissioner (Kargil) Satish Nehru said.
New Delhi, March 25: Kolkata Knight Riders coach John Buchanan has dropped Sourav Ganguly as captain of the IPL team for the Twenty20 tournament to be held in South Africa from April 18 next month.
The team will have four captains, team coach John Buchanan announced on Wednesday in Kolkata.
Times Now had reported on Tuesday of a rift between the coach and the captain and that Buchanan wanted Dada to be axed as captain.
Buchanan had expressed favour of a rotating captaincy in a match.
Cape Canaveral, March 25: After eight days together, it’s time for the space shuttle and space station crews to say goodbye.
The hatches between the linked spacecraft will be sealed early Wednesday afternoon. Three hours later, Discovery will undock.
Discovery will be bringing back five months’ worth of science experiments from the space station. The blood, urine and saliva samples need to be kept cold for as long as possible, and will remain in the station freezer until the last possible moment.
Hyderabad, March 25: With the realignment of political forces in Telangana making statehood to the region a dominant issue in the assembly and Lok Sabha elections in Andhra Pradesh, the Congress is under pressure to bring some clarity on its stand.
Banglore, March 25: As hundreds of young people graduating in engineering and management in India’s IT hub feel the heat of the global financial meltdown, they are united on one issue – vote in the Lok Sabha polls and vote for those with the best economic recovery plan.
With fewer job offers and lower compensation this year at the summer campus placements, talk among young Bangaloreans centres on the five-phase polls beginning April 16.
Only by electing right candidates can the future become secure. That is the view that dominates the discussion over coffee at a popular hangout.
New Delhi: Have an election related query and don’t know whom to ask? Simply call the toll free number 47617500 and get an answer by one of the young employees of the Delhi election commission’s round-the-clock call centre. Answering more than 500 calls every day, the call centre, which has been functioning since March 15, is the election commission’s effort to attract people to vote and make the seemingly cumbersome process of voter registration easier by answering all their queries.
Johannesburg, March 25: Weather and proximity to India were the decisive factors in South Africa edging past England as hosts of the Indian Premier League (IPL), which has now been shortened to five weeks starting April 18. IPL commissioner Lalit Modi and Cricket South Africa (CSA) chief Gerald Majola in a joint press conference confirmed that the second edition of the Twenty20 league, which was moved out of India because of security reasons, will be held in six venues in South Africa.
The venues include Durban, Cape Town, Bloemfontein, Pretoria, Johannesburg and Port Elizabeth.