The Telegraph
Since 1st March, 1999
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Business Briefs

Inflation jumps to 3.77%

New Delhi, Sept 22: A surge in prices of petrol, high-speed diesel oil and essential food items pushed up inflation rate by 0.31 per cent to a 38-week high at 3.77 per cent during the week ended September 7. The inflation rate, based on the wholesale price index (WPI) of all commodities, had declined to 3.46 per cent in the previous week and was at 4.93 per cent a year ago.

Auto sales up

New Delhi, Sept 22: Commercial vehicles sales jumped by 32.7 per cent to 66,832 units during April-August 2002-03 over 50,328 units in the same period last year.

Aviation FDI

New Delhi, Sept 22: The Planning Commission has strongly advocated increasing the FDI limit in civil aviation to improve its competitive efficiency even as the Union Cabinet has deferred a decision on the issue.


New Delhi, Sept 22: Sanchayani Savings and Investments Company Ltd has been barred from mopping up deposits from the public following a recent Supreme Court order.

Dabhol plea

New Delhi, Sept 22: Foreign lenders to the Dabhol Power Company have petitioned the Union finance and power ministries to allow GE and Bechtel to “complete and restart” the 2,184 MW plant.

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