Inflation breaches 8 pc barrier
THE annual wholesale price index (WPI)-based inflation rate has breached yet another psychological barrier, touching a three-and-a-half-year high of 8.17 per cent for the week ended August 21. The last time that the year-on-year rate hovered ...
Bonds rally despite surge in inflation
CONTRARY to expectations that the domestic debt market would tank following the inflation rate surging to a four-year high at 8.17 per cent, bond prices rallied by over one rupee across maturities leading to a softening in the yields of many ...
Novartis' patent held valid; Dr Reddy's withdraws case
THE global pharma major, Novartis AG, announced on Friday that it had prevailed in its US patent infringement lawsuit with Dr Reddy's Laboratories Ltd. The lawsuit pertained to the oral antifungal agent, Lamisil Tablets (terbinafine ...
Delay in funds release hits rural telephony
THE Ministry of Communication's plans to provide telephone services to rural India may hit a bump with the Finance Ministry delaying the release of money to the Universal Services Obligation (USO) Fund. Of the Rs 3,700 crore collected last ...
Tata Indicom enters wireless pre-paid space with new features
TATA Indicom on Friday made an entry into the wireless prepaid space, with a service that is based on a one-second pulse, offers 100 per cent talk-time and for the first time in the country a flat tariff for both local and STD ...
Govt okays HPCL's tie-up with French co for tech upgradation
THE Government has approved Hindustan Petroleum Corporation Ltd's (HPCL) technological collaboration with AXENS of France for upgradation of a few units of the company to meet the Bharat-II/Euro III emission norms. A total of seven foreign ...
PM reconstitutes trade, industry council
NEW DELHI: The Prime Minister, Dr Manmohan Singh, has reconstituted his Council on Trade and Industry. The new members of the council are Mr V. Krishnamurty, Mr Ratan Tata, Mr Keshub Mahindra, Mr R.P. Goenka, Mr Azim Premji, Mr N.R. ...
Citroen watching the road to India
FRENCH maker PSA Peugeot Citroen is currently studying the Indian market to introduce its Citroen range of compact cars in the country.Industry officials point out that the company is in the process of identifying dealers to introduce its cars ...
LIC, GIC, UTI asked to withdraw funds from SDS Govt move to cut down interest payouts
THE Finance Ministry has virtually closed the Special Deposit Scheme (SDS) window for the Life Insurance Corporation of India (LIC), General Insurance Corporation (GIC) and its subsidiaries and the Unit Trust of India (UTI). The Finance ...
Good infrastructure vital for attracting FDI: Montek
INDIAN infrastructure needs a major facelift, said the Deputy Chairman, Planning Commission, Dr Montek Singh Ahluwalia, while addressing an interactive meeting organised by the FICCI here on Friday. "In recent years, lack of quality ...
Late-hour buying props up Sensex
A POSITIVE sentiment appears to have swept over the markets this week with the narrow indices ending in the positive territory for the fourth time in five trading sessions. Notwithstanding the fact that inflation has shot up to a four-year ...
`Over 1 million jobs in Europe moving out'
AS European firms, especially in the UK, ramp up their spending with offshore service providers in countries like India, they will increasingly displace substantial numbers of employees from their current roles, according to latest Forrester ...
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