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Since 1st March, 1999
 
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Business Briefs

Food inflation

New Delhi, Jan. 27: Higher cost of vegetables pushed up food inflation marginally to 15.57 per cent for the week ended January 15 from 15.52 per cent a week earlier. It stood at 20.07 per cent a year ago. Based on price movement in the wholesale market, food inflation rose 0.05 percentage points after declining for two consecutive weeks. With food inflation ruling high, experts say the Reserve Bank of India may go for another round of rate hike in its mid-quarterly policy review in March.

Emami move

Calcutta, Jan. 27: Emami will infuse Rs 40-50 crore in the newly acquired Egyptian company Pharma Derm SAE, director Aditya Agarwal said. The company today reported a net profit of Rs 81.97 crore for the third quarter ended December 31, on the standalone basis, up 8.2 per cent over the corresponding period last year. Sales stood at Rs 394.43 crore for the quarter under review.

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