The Telegraph
Since 1st March, 1999
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Business Briefs

Inflation inches up to 2.89%

New Delhi, Nov. 3: A sharp rise in petrol and diesel oil prices led to a marginal 0.06 per cent rise in inflation to 2.89 per cent for the week ended October 19. The surge in the point-to-point price change, measured by the wholesale price index (WPI), was contained by dip in the price of primary articles including vegetables, eggs, meat and fish, apparently avoiding the “contagion effect” of the oil price hike.

CII forecast

New Delhi, Nov. 3: In its latest report on the ‘State of the Economy’, the Confederation of Indian Industry (CII) has predicted a 5.4 per cent economic growth for the current fiscal even as the economy recorded a 6 per cent growth during the first quarter.

FII sales

Mumbai, Nov. 3: The foreign institutional investors (FIIs) were net sellers in equities and debt at Rs 776.4 crore ($ 160.2 million) and Rs 98.7 crore ($ 20.4 m) respectively during October.

Auto exports

New Delhi, Nov. 3: Exports of ‘Made-in-India’ vehicles surged 60 per cent during the first half of this fiscal. A total of 1.31 lakh vehicles were exported during April-September over 82,418 units a year ago.

Trai report

New Delhi, Nov. 3: Telecom Regulatory Authority of India (Trai) may submit its recommendations on accounting separation by telecom service providers to the department of telecom by December-end.

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