New Delhi, June 6 (PTI) Inflation surged to 8.24 per cent for the week ended May 24 from 8.1 per cent in the previous week, despite fall in prices of some essential commodities like fruits, vegetables, spices. Wholesale prices-based inflation stood at 5.15 per cent a year ago.
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Inflation soars again, index at 8.24% on May 24
IE - 12:17 PM
India's wholesale price index rose 8.24 per cent in the 12 months to May 24, above the previous week's annual rise of 8.1 per cent, government data showed on Friday.
Fuel price hike a step in right direction: RBI chief
PTI - 12:09 PM
Hyderabad, June 6 (PTI) The Reserve Bank has said the increase in global crude prices was more than what was anticipated, and described the hike in retail fuel prices as a step in the right
Suzlon picks up Areva's stake in REpower
IANS - 12:03 PM
Mumbai, June 6 (IANS) Leading wind power equipment manufacturer Suzlon Energy has acquired France-based Areva's 30 percent stake in German wind turbine maker REpower Systems.
Bringing art auction to southern India
IANS - 09:42 AM
Chennai, June 6 (IANS) A rare M.F. Husain for just $35,000? Or a 1991 Souza for $35,000 and a 1948 Souza for $50,000 or a recent Raza for $17,500? Yes, and that too, in Chennai and Bangalore.
Electricity regulator approves power tariff hike in Mumbai
IANS - Thu, Jun 5
Mumbai, June 5 (IANS) The Maharashtra Electricity Regulatory Commission (MERC) Thursday approved a power tariff hike ranging from six to 17 percent for the 2.6 million residential and commercial consumers of Reliance Energy Ltd (REL) in Mumbai.
Wipro joins global consortium for green energy
IANS - Thu, Jun 5
Bangalore, June 5 (IANS) To mark World Environment Day, Software major Wipro Ltd joined Green Grid, the global consortium dedicated to energy efficiency in data centres and business computing eco-systems, the IT bellwether said here Thursday.
Andhra Pradesh announces relief, no hike in LPG prices
IANS - Thu, Jun 5
Hyderabad, June 5 (IANS) Andhra Pradesh Chief Minister Y.S. Rajasekhara Reddy Thursday announced his government would bear the burden of the fuel price hike and LPG would be continued to be sold at earlier prices. The state is also likely to reduce sales tax on petrol and diesel.
Wipro joins the green grid
ANI - Thu, Jun 5
Bangalore, June 5 (ANI/Business Wire India): Wipro Technologies, the global IT services division of Wipro Limited today announced its membership in the green grid, a global consortium dedicated to advancing energy efficiency in data centers and business computing ecosystems.
High Court stays RBI ban on Sahara accepting deposits
IANS - Thu, Jun 5
Lucknow, June 5 (IANS) The Lucknow bench of the Allahabad High Court Thursday evening stayed a directive by the Reserve Bank of India (RBI) to Sahara India Financial Corp Ltd (SIFCI) not to accept any deposit.
Tamil Nadu cuts sales tax on diesel by 2 percent
IANS - Thu, Jun 5
Chennai, June 5 (IANS) In order to provide some cushion against the drastic increase in the fuel prices, the Tamil Nadu government Thursday decided to cut the sales tax on diesel by 2 percent to 21.43 percent.
SBI forms JV with French bank to provide custodial services
IANS - Thu, Jun 5
Mumbai, June 5 (IANS) The country's largest commercial bank State Bank of India (SBI) has inked a joint venture (JV) agreement with French financial services firm Societe Generale Securities Services (SGSS).
Mamata attacks UPA, Left on petrol price hike
IANS - Thu, Jun 5
Kolkata, June 5 (IANS) Trinamool Congress chief Mamata Banerjee Thursday slammed the Congress-led United Progressive Alliance (UPA) for increasing the prices of petrol, diesel and cooking gas.
Indiabulls extends Singapore IPO by one day
IANS - Thu, Jun 5
New Delhi, June 5 (IANS) Indiabulls Real Estate Ltd, which is planning to raise up to S$389 million in an initial public offering (IPO) in Singapore, has extended closing of the issue by one day. The issue was initially scheduled to close Thursday.
Four percent dip in Ashok Leyland's May sales
IANS - Thu, Jun 5
Chennai, June 5 (IANS) Hinduja group's commercial vehicle manufacturer Ashok Leyland Ltd has posted a total sales of 5,576 units (domestic 5,161, exports 415) in May 2008, four percent less than 5,804 units sold in May 2007.
Orissa attracts maximum investment in Q4, West Bengal second
IANS - Thu, Jun 5
New Delhi, June 5 (IANS) Orissa attracted 30 percent of the total investments committed in Indai in the fourth quarter of 2007-08, the highest among all states, an Associated Chambers of Commerce and Industry of India (Assocham) study released Thursday said.
BGR Energy bags oil storage tanks order from Iraq
IANS - Thu, Jun 5
Chennai, June 5 (IANS) Engineering design and fabrication company BGR Energy Systems has bagged a contract worth around $9.2 million to design and manufacture 70 oil product storage tanks for Iraq's State Co for Oil Projects (SCOP).
Nifty snaps 3-day losing streak, up by 91 pts
PTI - Thu, Jun 5
Mumbai, Jun 5 (PTI) Snapping the three-day losing streak, the S&P CNX Nifty of the National Stock Exchange today rose by 91.
Delhi reduces tax on cooking gas by Rs.40, no bus fare hike
IANS - Thu, Jun 5
New Delhi, June 5 (IANS) Heeding the central government's plea to lower sales tax on petroleum products to reduce the burden of the fuel price hike, the Delhi government Thursday announced a cut of Rs.40 per cylinder on cooking gas. Bus fares are also not to be increased.
Duncans to expand sachet tea portfolio
IANS - Thu, Jun 5
Chennai, June 5 (IANS) Branded packaged tea-maker Duncans Tea Ltd Thursday unveiled its plans to expand its sachet tea business.
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