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Inflation dips to 10-month low of 5.91 pct

Inflation rose 5.91 per cent on Dec 27, below previous week's annual rise of 6.38 per cent.

Inflation fell for the ninth consecutive week on Friday to a 10-month low of 5.91 per cent for the week ended December 27, owing to cheaper food and manufactured items.

Inflation, measured by movement in the wholesale prices, dipped by 0.47 per centage points from 6.38 per cent in the previous week. It stood at 3.83 per cent a year ago.

The previous low was recorded at 5.69 per cent for the week ended February 23, 2008.

The index of food articles group declined by 0.7 per cent as prices of jowar fell by five per cent, fruits ...

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Friday , 9 January '09

Satyam out of 'Dow Jones India Titans 30 Index'

Dow Jones Indexes has removed scandal-hit Satyam Computer from its 'Dow Jones India Titans 30 Index' and replaced it by Axis Bank.

Friday , 9 January '09

SEBI team goes to Raju's house; house locked

SEBI team probing a financial fraud in Satyam reached Raju's house, but returned as the premises was locked.

Friday , 9 January '09

Petrol pumps run dry as oil strike talks fail

Up to 80% of pumps in large cities like Mumbai, Delhi, Bangalore, Kolkata have run out of stocks.

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Friday , 9 January '09

Satyam scam: Raju, we feel sorry for you, say employees

Many staff at Satyam Computer Services tried to put up a brave front, hoping things would return to normal soon and their jobs secured even as the outsourcer fights for its survival.

Friday , 9 January '09

Satyam scam: Now, the talk is not of ‘India arrives’

A year ago a seemingly unstoppable global juggernaut, the once-confident India is now reeling from a perfect storm of a corporate IT scandal, the Mumbai attacks and economic slowdown.

Friday , 9 January '09

No salary in Satyam for 2 months; SEBI summons Raju

Raju, who has been untraceable since his sent in his resignation, is believed to be at his farmhouse at Kompally on the outskirts of Hyderabad.

Friday , 9 January '09

I was not going by a truck to US, quips Chidambaram

Chidambaram was addressing the media on the ongoing truckers' stir as also the strike in the petroleum sector when a scribe asked him whether his trip to the US has been cancelled.

Friday , 9 January '09

Raju likely to be arrested on Friday

Hyderabad police are likely to swing into action on Friday and may arrest Satyam chairman Raju.

Friday , 9 January '09

Don't poach Satyam workers: Nasscom

Expressing solidarity with Satyam, Nasscom has asked its recruitment team not to poach anybody from Satyam.

Friday , 9 January '09

ONGC's Mumbai production down 50 pct

ONGC has reported a more than 50 pct decline in oil production at its fields off the Mumbai Coast.

Friday , 9 January '09

Oil rebounds above $42 per barrel

Oil rebounded above $42 on Friday amid signs Saudi would deepen supply cuts next month.

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