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Saturday, July 17, 2010

Hold SBI With Target Of Rs 2490

Hold SBI With Target Of Rs 2490Stock market analyst Anil Maghnani has maintained 'buy' rating on State Bank of India Ltd stock with short term target of Rs 2490.

According to analyst, the investors can buy the stock with stop loss of Rs 2424.

Today, the stock opened at Rs 2440 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 144.37 and 16.96 respectively.

The share price has seen a 52-week high of Rs 2500 and a low of Rs 1599.40 on BSE.

The Cabinet, on July 15, has sanctioned the acquisition of State Bank of Indore by SBI.

Moreover, the Cabinet also forwarded its nod to launch a Bill in the Parliament for making modifications in SBI (Subsidiary Banks) Act, 1959, with the intention to eradicate references ofState Bank of Indore.

On July 14, State Bank of India (SBI) said that it is all set to establish a new fund.

The banking institution will set up the new fund in partnership with State General Reserve Fund (SGRF) of Oman.

The new fund will be utilized for making equity investments in the Indian market.

Cabinet approves merger of State Bank of Indore with SBI

SBIThe SBI had proposed a merger with State Bank of Indore last year, which had been approved by the SBI central board. After the approval, the Centre even gave an in-principal approval. And now recently, the Cabinet has given its approval over the merger too.

With this merge happening between the two banks, SBI being State Bank of Indore's parent bank, SBI will share a swap ratio of 34:100, agreeing to give away 34 of its shares for every 100 shares from the State Bank of Indore, which is held by a few shareholders.

As it is SBI is the India's largest lender. It also holds 98 per cent stake in State Bank of Indore. Following the merger, SBI will issue 1.16 lakh shares with a face value of Rs. 10 per share for each minority holder in the State Bank of Indore.

The issued capital money of SBI will also be raised to at most Rs. 635.08 crore from its prior Rs. 634.96.

After the merger, SBI will have only five associate banks left with it.

D.C. Tremor Rattles White House

A rare earthquake rumbled through Washington D.C., today, shaking windows in the White House and throughout the city but causing no major damage, according to initial news reports.

A 3.6 magnitude quake rattles D.C.

The relatively small magnitude 3.6 quake originated at 5:04 a.m., about 15 miles away in Rockville, Md. It was the largest quake to strike within 30 miles of the White House, at least since 1974, when the U.S. Geological Survey began tracking D.C. quake activity, according to spokeswoman Amy Vaughn.

ABC News correspondent John Donvan, who lives a mile from the White House, said the quake rattled windows at his home as well.

President Obama Warns Don't Celebrate Ending Oil Leak Yet

President Obama called the cap on the gulf oil leak "good news" today, but he cautioned that the job of ending the massive oil leak is not yet complete.

A live picture of the busted well is clear for the first time in three months.

"There were a lot of reports coming out in the media that seemed to indicate, 'Well, maybe this thing is done,'" he said . "We won't be done until we actually know that we've killed the well and that we have a permanent solution in place," he said in the White House Rose Garden before heading off to a Maine vacation.

The president was referring to BP'ssuccessful attempt -- so far -- to place a tight cap on the busted oil well and for the first time in 87 days prevent the underwater gusher from pouring into the gulf. BP called Thursday's success a test to see if the device will withstand the pressure of the surging oil, or whether the oil is now leaking out somewhere else in the ocean bedrock.

"It's important that we don't get ahead of ourselves here," Obama said today. "You know, one of the problems with having this camera down there is that when the oil stops gushing, everybody feels like we're done. And we're not."

He said the well still has to be permanently plugged and there is the massive clean-up of areas polluted by the spill, which Obama said needs "better coordination on the ground along the shorelines." "But we are making steady progress," the president said, "and I think the American people should take some heart in the fact that we're making progress on this front."

Scientists today and through the weekend will be combing the area of the leak, looking for evidence of oil seeping through the ocean floor.

"It's premature to open the Champagne bottle, but this weekend we'll know whether we contained the monster or not," City University of New York physics professor and SyFy Channel host Michio Kaku told "Good Morning America" today.

Gwen Dotson is no stranger to pain. For the last seven years Dotson, from Humboldt, California, has endured Takayasu's arteritis, a rare autoimmune di

Gwen Dotson is no stranger to pain. For the last seven years Dotson, from Humboldt, California, has endured Takayasu's arteritis, a rare autoimmune disease.

Dr. Tim on alleviating the symptoms of chronic pain.

The disease, which affects the arteries, causes Dotson to experience constant fatigue and generalized aches and painsthroughout her body. The cause is unknown, and though there are treatments to help ameliorate symptoms, there is no known cure.

"Because of my illness I had to stop working, which I had done for 25 years," Dotson said. "I began to question the purpose of my life."

Dotson said she felt extremely isolated because her disease was so rare, and felt people didn't and couldn't understand her, causing her to become even more reclusive.

What's with all the presidential visits to battery-manufacturing plants? US President Barack Obama tries out an electric Ford Focus following a grou

What's with all the presidential visits to battery-manufacturing plants?

Why Obama is putting so much stock in battery technology
US President Barack Obama tries out an electric Ford Focusfollowing a groundbreaking ceremony for... Expand
(SAUL LOEB/AFP/Getty Images)

President Obama's trip last week to just such a plant in Holland, Mich., was his fourth automotive-battery-focused stop since being elected. To riff off of President Clinton's mantra "it's the economy, stupid," it's almost as if Mr. Obama's catch phrase about what's important could be, "It's the battery, bozo."

The reason is that batteries are central to the president's election-year message that green-tech will lead America into well-paid jobs and a revived economy. But politics aside, the $2.4 billion the Obama administration has funneled to the advanced battery industry points to a tooth-and-nail struggle as the United States endeavors to catch up to Asia in making cutting-edge lithium-ion batteries for use in vehicles.

"The workers at this plant, already slated to produce batteries for the new Chevy Volt, learned the other day that they're also going to be supplying batteries for the new electric Ford Focus as soon as this operation gears up," Obama said at the Compact Power plant in Michigan. "By 2012, the batteries will be manufactured here in Holland, Michigan. So when you buy one of these vehicles, the battery could be stamped 'Made in America' – just like the car."

Battling The Blob From Coast Guard's Command Post

Inside a sprawling command post in southern Louisiana, The Blob is everywhere.

FILE - In this June 12, 2010 file photo, BP Chief Operating Officer Doug Suttles talks about the... Expand
(AP)

It stains the many maps tacked to white walls. Computer monitors beam satellite images of it floating in the Gulf of Mexico, a magenta mass that looks more like an island than the colossal oil slick that it is. It sometimes changes shape on these screens, or breaks off into bits and pieces, but The Blob itself never vanishes.

Coast Guard Capt. Roger Laferriere oversees this command center, coordinating the unprecedented cleanup of oil off of the Louisiana coast. There are other posts like it in Mobile, Ala., and Miami, but none has more manpower, equipment — or more of The Blob, as Laferriere and his staff have christened their enemy — than this base inside what once was a BP training facility for offshore oil production.

On any given day, some 40,000 people are working all along the Gulf Coast to track where the oil is headed, lay protective boom, skim what they can and clean shorelines; nearly half of them are under what is known as the Houma Incident Command Post.

Some are analysts who sit in darkened rooms at the BP warehouse, feeding satellite data into computerized maps that show where the oil is moving, what marshes have already been boomed and what areas skimmers are toiling.

Others — many of them shrimpers and fishermen turned cleanup contractors — work out of quaint docks converted into "forward operating bases," hitting the water after sunup to do the hands-on tasks necessary to contain and clear the oil. There's displaced boom to be repositioned. Torn boom to be picked up, brought to shore and repaired. Absorbent boom soaked through on one side that must be turned or swapped out.

The spilling may have stopped at least for now, but their work goes on. Before a new cap fitted onto the busted wellhead corked the leak this past week, anywhere from 92 million to 184 million gallons of oil had gushed into the sea. Somehow, it's got to be cleaned up.

Leading that effort for the Louisiana coastline is Laferriere, a man of boundless energy and confidence who holds a degree in environmental science and has worked any number of oil spills big and small — from Exxon Valdez to the post-Hurricane Katrina spills that dumped more than 8 million gallons.

Securing the leak does little to change his mission over the next weeks and months. "Even given that," he says, "we've still got a lot of oil on the water. We're going to continue to push forward until all the oil is removed and the people of Louisiana can get back to their way of life. We're going to be here until the end."

Laferriere's job is to not only coordinate efforts on the ground, but to meet with parish presidents, city councilmen and mayors, to answer their many questions, and to fend off criticism that not enough has been done to stop and capture the crude.

"Not enough" is something he's heard a lot since arriving in Louisiana on May 22, almost a month to the day after the Deepwater Horizon explosion. It may be a complaint that there's not enough boom, or not enough skimmers, or not enough boots on the ground to pitch in.

Obama and the Economy: Success, Just Not the Right Kind

On a sun-soaked peak in Acadia National Park Friday, President Obama welcomed the weekend like a man who knows he's had a good week. Financial reform behind him, he flew to Bar Harbor,Maine, content to focus on his family rather than politics.

Despite his financial reform bill passing, the president's popularity sinks.

With no public events scheduled until Sunday, the Obamas went cycling and looked out on the Atlantic Coast from Acadia's tallest peak, Cadillac Mountain, all smiles. This is President Obama's third vacation since the Deepwater Horizon oil spill began, but this vacation is different -- better because, for the first time since April, no oil is spilling into the Gulf.

But for all of his recent successes – health care reform, financial reform, what may be the end of the disaster in the Gulf – President Obama has taken the brunt of much criticism lately. And some of it has come from his own party.

Politicians are often criticized for not following through on the promises that they make. They hit the campaign trail with words about more jobs, less war, cleaner energy and insurance for all. Then, if they fail to accomplish these lofty goals, the voters take their support elsewhere.

PrintRSSFONT SIZE:SHARE:EmailTwitterFacebookMore FILE - In this May 22, 2008 file photo, attorney Robert Shapiro poses during a tribute to the caree


FILE - In this May 22, 2008 file photo, attorney Robert Shapiroposes during a tribute to the career... Expand
(AP)Lindsay Lohan has moved to a substance abuse facility and signed legal papers hiring celebrity lawyer Robert Shapiro to represent her as she prepares to head to jail for violating probation in a 2007 drug case.Shapiro, a key figure on O.J. Simpson's legal "dream team" in 1995, confirmed Lohan was staying at Pickford Lofts, a treatment center Shapiro founded after his son died of a drug overdose.

Shapiro told The Associated Press on Friday he had agreed to represent Lohan only if she does her jail time and complies with the terms of her probation.

He said he would help the actress get treatment to accomplish long-term recovery and sobriety.

"Ms. Lohan is suffering from a disease that I am all too familiar with," said Shapiro, whose son Brent died in 2005. "Hopefully I can be of assistance."

Lohan is scheduled to begin serving a 90-day sentence on Tuesday.

Shapiro has represented numerous celebrity clients.

In representing Lohan, Shapiro is replacing attorney Shawn Chapman Holley, another veteran of the Simpson trial in which the former football star was acquitted of the murders of his ex-wife Nicole and her friend Ronald Goldman.

Holley resigned after saying Lohan's sentence was harsh and unfair.

Shapiro filed papers in court signed by Lohan substituting him as her counsel.

The 24-year-old actress was sentenced to 90 days in jail earlier this month after a judge determined she violated her probation by missing seven weekly alcohol education classes since December.

The judge also ordered Lohan to spend three months in rehab after serving her sentence and continue to undergo random drug testing until her probation expires.

Lohan pleaded guilty in August 2007 to two misdemeanor counts of being under the influence of cocaine; no contest to two counts of driving with a blood-alcohol level above 0.08 percent; and one count of reckless driving. She was sentenced to three years probation.

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Movie Name : Shambho Shankara
Year : 2010
Cast : Naveen Krishna, Ashwini, Mohan...
Music Director : MS Murthy
Producer : Chindodi Shri Kantesh
Director : Chindodi Bangaresh
Lyrics : S Mohan, Hamsapriya, Bangaresh, Shivshankar

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History: Tere Bin Laden film is a tongue in cheek comedy about an ambitious young Pakistani journalist, desperate, in the United States wants the American dream was to emigrate. His repeated attempts to immigrate to be slaughtered, that their visa is always rejected.
But if the situation seems even worse couldnt with a look of Osama bin Laden will be found. Ali understood then produce a plan to a fake video of Osama and sell them to the new channels, such as a ball forward! Unfortunately, there are serious consequences, such as the White House involved and distributes a secret agent of the excessive zeal in the footsteps of Ali’s.

Movie Cast : Ali Zafar, Barry John, Chirag Vohra, Nikhil Ratnaparkhi, Piyush Mishra, Rahul Singh, Seema Bhargava, Sugandha Garg, Pradhuman Singh, Chinmay Mandlekar
Music Composer : Shankar Mahadevan, Ehsaan Noorani, Loy Mendonca, Dhruv Dhalla
Lyric’s Writter : Jaideep Sahni
Movie Director : Abhishek Sharma
Movie Producer : Pooja Shetty Deora, Aarti Shetty
Movie Release Year : July 16, 2010

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Karisma Kapoor was finalized to play the female lead in the film, but she opted out at the last minutebecause she feared shooting in the troubled Kashmir valley where a significant part of the film was going to be shot. Bipasha Basu, Ameesha Patel and Sonam Kapoor were considered for the same role, but Basu was eventually finalized to play the female lead.[1]
[edit] Filming and post-production

Lamhaa (Hindi: , Urdu: ) is an upcoming 2010 Bollywood action thriller film written and directed by Rahul Dholakia, scheduled for release on 16 July 2010. Set in Kashmir, the film is a story about an army officer, played by Sanjay Dutt, and his love interest, played by Bipasha Basu, in the midst of the various issues that Kashmir had faced over the years. It also features Anupam Kher and Kunal Kapoor in supporting roles.

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Movie Cast : Sanjay Dutt, Bipasha Basu, Kunal Kapoor, Shernaz Patel, Aman Verma, Yashpal Sharma, Vishwajeet Pradhan, Vipin Sharma
Music Composer : Mithoon
Lyric’s Writter : Sayeed Qadri
Movie Director : Rahul Dholakia
Movie Producer : Bunty Walia
Movie Release Year : July 16 2010




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