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Inflation plunges to 5.05%

New Delhi, June 22:Led by a sharp 1 per cent fall in the price of diesel, the rate of inflation plunged by another 0.39 per cent to 5.05 per cent for the week ended June 7, even as items of mass consumption like fruits and vegetables became costlier. It was much lower at 2.18 per cent during the year-ago period. The wholesale price index was up by 0.1 per cent to 172.6 points. The index was 164.3 points in the corresponding period a year ago.

TotalFinaElf

New Delhi, June 22:TotalFinaElf has offered ONGC a stake in its oil and gas blocks in Absheron in Azerbaijan and Barbados in return for equity in India’s three western offshore blocks.

Truck sales up

New Delhi, June 22:Riding on the back of a robust performance by Telco, Eicher Motors, Swaraj Mazda and Bajaj Tempo commercial vehicle sales clocked a higher growth of 16.5 per cent in the first two months of this fiscal. A total of 28,569 buses and trucks were sold during April-May 2003 as against 24,520 units in the same period in the previous year.


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