Expect monetary tightening to continue: JPMorgan
Indian equities are likely to grind higher over 2011 and we have set a Dec 2011 fair value target of 23,500 for the Sensex implying 17% upside potential from current levels, says Bharat Iyer of JPMorgan.
Expect rangebound markets of 2010 continuing: DSPML
Index returns are likely to be single digit in 2011. We have set a Sensex target of 21750, says Jyotivardhan Jaipuria of DSPML.
Power Finance FPO likely early next fiscal
State-owned Power Finance Corporation is likely to come out with its follow-on public offering early next fiscal, Government officials said.
Pope urges Pakistan to repeal blasphemy law
Pope Benedict called on Monday for Pakistan to repeal its anti-blasphemy law and demanded that governments in predominantly Muslim countries do much more to protect minority Christians from violent attacks.
Babel charged for mocking referee on Twitter
The Football Association (FA) charged Liverpool's Ryan Babel with improper conduct on Monday for posting a mocked-up picture of referee Howard Webb on Twitter after a weekend FA Cup defeat by Manchester United.
Wall St down as Portugal weighs; Alcoa on tap
US stocks lost ground on Monday, with the Dow and S&P 500 heading for a third straight session of losses, as a once-buoyant market sagged at the start of the earnings season.
Microsoft exodus continues, server unit head to leave
The head of Microsoft Corp's third-largest unit is to leave this summer, marking the latest high-level departure from the world's largest software company, which has seen its leadership of the technology sector fade over the past decade.
Jindal to invest $280 mn in Bolivia iron ore project
Jindal Steel and Power will invest USD 280 million this year to start work on an iron ore and steel project in Bolivia that has been plagued by delays, the company's managing director said on Monday.
William and Kate London wedding tour a German hit
A new tour package of London is offering a glimpse of the royal wedding experience for swooning German girls left inconsolable by the engagement of Britain's Prince William to Kate Middleton last year.
Angela Merkel says not pushing Portugal into EU rescue
German Chancellor Angela Merkel said on Monday that Germany is not trying to goad Portugal into accepting a European Union bailout and would not do so in the future either.
MJ fans mostly mum at doctor's hearing
A plane flying a banner with a photo of Michael Jackson on Monday soared above the court where his ex-doctor stands accused of involuntary manslaughter, and the message with the picture was blunt: "Change charges to murder."
Toyota unveils extended Prius hybrid family: AUTOSHOW
Toyota Motor Corp unveiled a family of Prius cars with two new additions to the lineup as it aims to build the iconic hybrid series into a core pillar in the United States, its single-biggest market.
British, Chinese firms sign $4 billion of deals
Britain and China signed business deals worth around 2.6 billion pounds (USD 4 billion) on Monday, including an agreement that will see a breeding pair of giant pandas, Tian Tian and Yuangguang, in Edinburgh Zoo for 10 years.
Could the US central bank go broke?
The US Federal Reserve's journey to the outer limits of monetary policy is raising concerns about how hard it will be to withdraw trillions of dollars in stimulus from the banking system when the time is right.
South Korea promotes credit cards to go greener
Kim Yong-sook is an idealist who longs for a greener lifestyle, which means walking more and wasting less. But she never dreamed that her credit card could help save the planet.
Intel pays Nvidia $1.5 bn in chip dispute
Intel Corp will pay graphics chip designer Nvidia USD 1.5 billion to license its technology, settling a legal dispute and smoothing the way for better competition in PC processors.
Alcoa posts Q4 profit, sees 12% aluminum growth
Alcoa Inc, the largest US aluminum producer, reported a fourth-quarter profit on Monday and projected a 12% rise in demand for the metal in 2011, driven by aerospace and auto manufacturing.
Iceland protests to US over Twitter data demand
Iceland called in the US ambassador in Reykjavik on Monday to register its displeasure at a US court's demand for details of an Icelandic lawmaker's Twitter account, the US State Department said.
US carmakers steal Day One spotlight: AUTOSHOW
This city's once beleaguered automakers dominated the first day of this year's Detroit auto show, one of the industry's premiere events, as it opened for press previews on Monday.
Fiat raises Chrysler stake, readies for IPO: AUTOSHOW
Italy's Fiat lifted its stake in Chrysler to 25% as Chief Executive Sergio Marchionne prepares for an upcoming round of meetings with bankers to refinance Chrysler's debt and ready an initial public offering of shares.
News Corp to launch digital newspaper Jan 19
News Corp's will launch its long anticipated digital newspaper for tablet devices on January 19 at a joint news event attended by Chairman Rupert Murdoch and Apple Inc Chief Executive Steve Jobs, according to a person with knowledge of the plan.
India fall short of success, critics say
All it takes is a measuring tape to explain why India is a dwarf among giants dominating international soccer, critics of the national team say.
Britney Spears' new single an early hit with fans
Britney Spears' new single, "Hold It Against Me" was released a day ahead of schedule on Monday, getting extensive radio play and an early thumbs up from fans and critics.
Honda counts on new Civic to reignite sales
Honda Motor Co is counting on a new version of its Civic small car that will go on sale this spring to drive gains in 2011 after losing sales and market share to rivals in 2010.
Washington ranks as most well-read city
Washington is not only the political capital of the United States, it is also the most literate city in the nation, according to a study released on Monday.
