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.
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.
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.
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.
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.