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Popular Articles

Cabinet to mull Hind Shipyard transfer to Defence Ministry
A move is afoot to transfer a major shipyard to the Defence Ministry, a step aimed at creating capabilities to construct nuclear submarines.

Aurobindo Pharma receives Swissmedic approval for cefepime for injection
Hyderabad-based Aurobindo Pharma Limited received approval from Swissmedic, an agency of Switzerland government for therapeutic products, for the licence of Cefepime APL for injection 1g and 2g.

News of the day

F&O OUTLOOK: Next big resistance at 5,400
As expected, the S&P CNX Nifty closed at 5,201 levels on long rollovers in index futures and key stocks futures. The index is expected to consolidate above 5,200 in the new series before moving above the short-term target of 5,350. The rollovers in the Nifty January futures, at 22 million, were at a five-month low, which indicates that bears are waiting in the wings. At similar point in July 2009, the Nifty had gained over 500 points in a couple months to move above 5,000 in September 2009. A similar trend may see the Nifty moving above 5,500 in the near future.
Home Business

Potato, onion push food inflation to 13.68%

Higher prices of staple vegetables such as onion and potato pushed food inflation higher to 13.68 per cent in the last week of October. - India Eco Summit: "Food inflation to ease by fiscal-end" - Food inflation up; new index next week - Counter-productive controls - Delhi govt likely to implement Child Protection Scheme - Dealing with food inflation - Govt will use its might to contain food inflation: PM On an annual basis, prices of potato have doubled during the one-year period ended October 31, 2009, while onions were expensive by 42.58 per cent. High food prices also pushed up inflation of primary articles (items that are not processed) by 9.16 per cent. Pulses were also dearer by 22.73 per cent. The government will release the monthly data on wholesale prices-based inflation, which would reflect price movement in manufacturing, on November 14. According to Planning Commission Deputy Chairman Montek Singh Ahulwalia: “Food price inflation by the end of the current financial year would be significantly lower than what it is right now.” Food inflation was 13.39 per cent the previous week. Prices of vegetables are expected to ease in the coming months, Ahluwalia added.


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