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Inflation may cross 6%, food prices biggest challenge: PMEAC
The Prime Minister"s economic advisory panel today said inflation may cross the six per cent mark by the end of this fiscal and managing food prices will be the biggest challenge for policy makers in the short run.

India, Russia reach agreement on Gorshkov, to ink nuke deal
Comprehensive civil nuclear pact to be signed during PM’s visit.

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United Spirits acquires Tern Distilleries
United Spirits today acquired the entire share capital of Tern Distilleries (Tern) based in Andhra Pradesh for Rs 13.42 crore. Consequent to this acquisition, Tern has become a wholly owned subsidiary of United Spirits.
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Global action forcing pirates to Indian Ocean: Ban

UN Secretary-General Ban Ki-moon has said intensified international action to tackle ship seizures off the Somali coast is forcing pirates further afield into the Indian Ocean and more recently closer to the Seychelles. - US drones protecting ships from Somali pirates - Somali pirates hijack Panamanian carrier with 24 Indian crew - Somali pirates seize Indian ship, attack tanker - Somali pirates hijack Indian cargo ship with 15 aboard - NATO ship seizes explosives from suspected pirates - Indian Navy nabs 9 pirates off Seychelles coast In a report to the UN Security Council, Ban said the expanding international maritime presence is playing a critical role in stabilising the situation at sea. He said in the report circulated yesterday that the deployment of naval ships and military aircraft as well as improved efforts by ships transiting the area to protect themselves have considerably reduced the number of successful incidents of piracy and armed robbery, especially in the Gulf of Aden.


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