Inflation falls to 4.84%

New Delhi, July 7: The rate of inflation fell to 4.84 per cent for the week ended June 24 from 5.44 per cent in the previous week despite increase in prices of food and manufactured items. The wholesale price-based inflation was 4.3 per cent during the corresponding week last year. The wholesale price index for all commodities rose 0.1 per cent to 203.6 points against 194.2 points in the year-ago period.

Sebi move

New Delhi, July 7: Sebi will soon decide on allowing institutional investors to short-sell shares and putting in place a revised stock lending and borrowing scheme for them.

Forex reserves

Mumbai, July 7: India?s forex reserves increased by $952 million to stand at $162.912 billion during the week ended June 30 against $161.960 billion during the week ended June 23. The reserves had decreased by $1.073 billion during the preceding week compared with a week-ago period.

Cellular base

New Delhi, July 7: The GSM technology-based cellular subscriber base swelled by over three million last month, touching 78.5 million. Bharti captured over 29 per cent of the market share.

Tax growth

New Delhi, July 7: Income tax collections recorded a 54 per cent growth at Rs 12,498 crore in the first quarter of this fiscal, apparently due to some high spenders paying up taxes after receiving notices from taxmen.