Inflation under watch

New Delhi, Nov. 14: The government is keeping a close watch on the price movements to keep inflation at around 5 per cent. “Inflation is under watch,” chief economic advisor Ashok Lahiri said here. The wholesale price-based inflation remained well above 5 per cent for the past few weeks before peaking at 5.41 per cent and coming down to 5.09 per cent for the week ended October 28.

CDC plan

Bangalore, Nov. 14: CDC Software is eyeing acquisitions in India, Europe and North America and will double headcount at its development centre here in one year.

Rabo India

Mumbai, Nov. 14: Rabo India Finance has become a public limited company with immediate effect. The new entity will henceforth be known as Rabo India Finance Ltd.

Drug prices

New Delhi, Nov. 14: The government will wait for a joint report of public sector pharma units and consumer groups on availability of common drugs, the cost of some of which have come down after a cap on trade margins by industry, before issuing guidelines on the reduced prices.

Tourism

New Delhi, Nov. 14: The tourism ministry today favoured infrastructure status for tourism projects and hotels to enable them to avail of cheaper loans and tax concessions.