The Telegraph
Since 1st March, 1999
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Business Briefs

Inflation slips to 6.14 %

New Delhi, May 11:The rate of inflation fell marginally to 6.14 per cent for the week ended April 26 against 1.75 per cent in the corresponding period last year even as prices of fruits shot up over 3 per cent. The point-to-point price change as measured by the wholesale price index (WPI) fell by 0.02 per cent from the previous week’s level of 6.16 per cent though fuel prices stood firm at the previous week’s figure. The WPI, however, rose by 0.3 per cent to 172.8 points in the reported week compared with 162.8 a year ago.

BSE threat

Mumbai, May 11:The Bombay Stock Exchange (BSE) has beefed up security in the wake of intelligence reports of terrorists’ plans to “blow up” the multi-storied building.

NIIT triumph

New Delhi, May 11:In a major victory for NIIT, the World Intellectual Property Right Organisation, an apex body of arbitration and mediation, has restrained US-based Vanguard Design from operating its pornographic website by robbing the mark of the Indian company.

Mutual rating

New Delhi, May 11:As a precursor to mutual fund grading operations from July, Moody’s Investors Services and Icra have for the first time come up with indices for various funds.

Air-India move

Mumbai, May 11:Four years after lowering the retirement age from 60 to 58 years, Air-India has written to the civil aviation ministry that it should be rolled back to 60 years again.

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