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Business Briefs

Inflation falls to 4.91 %

New Delhi, March 2: After witnessing continued climbs, the rate of inflation, for the first time since January, fell marginally by 0.13 per cent to 4.91 per cent for the week ended February 15 despite primary items, excluding fruits, becoming cheaper. Though fruit prices increased over 4 per cent during the reported week, the pull-up effect was contained by a fall in the price of vegetables.

Ranbaxy move

New Delhi, March 2: The Delhi High Court has sought reply from the government on a petition by Ranbaxy Labs challenging the show cause notice by National Pharmaceuticals Pricing Authority demanding Rs 2.59 crore allegedly overcharged from the public on the sale of drug Pentazocine without reducing the price after official notification.

ONGC plan

New Delhi, March 2: ONGC is likely to sign next week a pricing agreement with BPCL for supply of close to 8 million tonne of its crude oil benchmarked at import parity price.

Fiscal deficit

New Delhi, March 2: The government’s fiscal deficit was restricted to Rs 1,12,782 crore till January amounting to 83.2 per cent of the targeted Rs 1,35,524 crore for the entire fiscal, mainly due to buoyancy in tax collections.

DSE trading

New Delhi, March 2: The Delhi Stock Exchange (DSE) has set up two working groups for kick-starting commodities trading soon.


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