Inflation drops to 6%

New Delhi, March 2: The rate of inflation eased to 6.05 per cent during the week ended February 17, influenced by cheaper auto fuels, essential food products and some manufactured goods. Although wholesale prices-based inflation moderated quite a bit during the week, it was still way above the 5.5 per cent-level desired by the RBI for this fiscal.

Forex reserves

Mumbai, March 2: The forex reserves increased by $4.212 billion to $193.124 billion in the week ended February 23 from $188.912 billion in the week ended February 16. The reserves were up by $3.834 billion in the week ended February 16.

Suzlon

Mumbai, March 2: Confident of outbidding French rival Areva to acquire Germany’s Repower Systems, Suzlon Energy expects around 25 per cent of its revenue to come from the target company in the next four to five years.

WTO talks

Geneva, March 2: Ministers from four key power brokers in the World Trade Organisation — Brazil, the European Union, India and the US — will meet in the next few days to try to unblock global trade talks.

Trade timing

Mumbai, March 2: Trading on the Bombay Stock Exchange and National Stock Exchange will take place between 9.55 am to 4.15 pm from March 5 to March 19 for sun outage.