They also revised upward their one-year price target for RIL shares, while projecting a 35 per cent surge from the current levels in its 'base case' scenario. Morgan Stanley's India-based analysts said in a research note sent to the firm's institutional clients that they were raising the consolidated earnings forecasts for RIL in the current and next fiscals. However, this pales in comparison to the US, where the most valued listed entity ExxonMobil, which is also into the energy business,...

Call it the luck of the fall (of rain) or call it the law of averages playing out or just call it seasonally normal rain fall (July is the 2nd wettest month of the year after all) Well, 8 weeks later, those rains have come and now the lush tobacco crop is set for a hardy yield of burly tobacco. In fact, only one or 2 more downpours will assure a good crop in August. In Carter County, that would mean a million dollars for the local economy, proving the adage that the green leaves bring...

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Confectionery group Cadbury Schweppes was down as it continued to suffer from last week s news that the sale of its Americas Beverages drinks business has been delayed due to the volatile debt market. The chemicals giant topped the risers after it a rejected a higher offer of 650p per share from Akzo Nobel, the Dutch group says. Akzo, which joined with German group Henkel for the new bid, said ICI considered that the offer did not reflect its full value. Away from Footsie, food group...

He said that it would be wrong for Europe to simply adopt the American restrictions, and claimed that the North Americans based their restrictions on the length of time a cigarette continued to burn while sitting on a pile of paper, and did not test whether a lit cigarette would set fire to a sofa or a bed. Smokers need to be responsible and I am sure that most smokers would be sympathetic with the aims of these, so-called safer cigarettes but, at the same time, it should not be at the...