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Inflation slides to 3.71%

New Delhi, Aug. 31: The rate of inflation fell to this fiscal’s lowest of 3.71 per cent for the week ended August 16 with essential consumption items like wheat, fruits, vegetables and edible oils becoming cheaper. The wholesale price index (WPI) inflation rate fell by 0.24 per cent to hit a 31-week low from the previous week’s level of 3.95 per cent, though prices of fuels and some manufactured products were unchanged. The inflation rate was 3.47 per cent in the year-ago period.

Balmer Lawrie

Calcutta, Aug. 31: Due to a delay in Balmer Lawrie and Company’s selloff process, the intending bidders have once again visited the data room of the company to find out the changes which have taken place in it’s business plans and operations.

Polaris stake

New Delhi, Aug. 31: Foreign institutional investors (FII) have reduced their shareholding in Polaris Software Lab by 1.6 per cent, while the stake of resident individuals has gone up by about 3 per cent in 2002-03.

Govt loans

New Delhi, Aug. 31: The market borrowing of the Centre and states surged by 26.7 per cent to Rs 1,06,447 crore till July 2003, even after the government reduced its fiscal deficit by over Rs 7,000 crore. The Centre’s borrowing increased by 6.5 per cent, whereas states mopped up 323 per cent more.


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