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Business Briefs

Inflation dips to 3.65%

New Delhi, Dec. 20: Lower prices of food articles such as fruits and vegetables, pulses and some manufactured items pushed inflation down to 3.65 per cent for the week ended December 8. The wholesale price-based index stood at 3.75 per cent in the previous week. Inflation stood at 5.63 per cent in the corresponding week a year ago.

Airline duo

New Delhi, Dec. 20: Private carriers Kingfisher and Jet Airways face cancellation of operating permits as aviation regulator dgca today demanded the reason for not replying to a notice seeking explanation for clubbing fuel surcharge with taxes in passenger tickets.

IFCI shares

Mumbai, Dec. 20: Shares of ifci Ltd plunged 23.28 per cent today and settled at Rs 76.75 after the the board of directors decided to call off the stake sale process by rejecting the highest bidder’s demand for management control.

TVS bike

Chennai, Dec. 20: Madras High Court today allowed tvs Motor Company to go ahead with the booking and sale of its new motorcycle Flame, while vacating a stay imposed by a single bench judge yesterday.

DLF move

New Delhi, Dec. 20: Dlf Ltd has received regulatory approval to launch the initial public offering of dlf Offices Trust in Singapore to raise about $1.5 billion.

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