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Business Briefs

Inflation at 4.59%

New Delhi, Aug. 3: Inflation rate dipped 0.06 per cent to touch yet another year’s low of 4.59 per cent for the week ended July 19 due to cheaper mass consumption of primary items, including fruits and vegetables. The point-to-point wholesale price index inflation fell from the previous week’s figure of 4.65 per cent.

Hyundai plans

New Delhi, Aug. 3: Hyundai Motor India will recruit 1,000 workers to increase production capacity by 1 lakh units to 2.5 lakh cars by next year. It has, however, shelved plans to manufacture light commercial vehicles, said MD J. I. Kim.

IRDA move

New Delhi, Aug 3: The IRDA has directed life insurers to make public the premium rates and a facility for calculating it depending on age.


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