The Telegraph
Since 1st March, 1999
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Business Briefs

Inflation falls below 5 per cent

New Delhi, June 29:Soaring prices of fruits, edible oils and vegetables notwithstanding, the rate of inflation continued its fall by another 0.08 per cent to tick below the 5 per cent mark for the week ended June 14. The wholesale price index (WPI) fell to 4.97 per cent despite costlier primary products, fuel and manufactured items. The index was only 2.48 per cent in the year-ago period. The WPI, however, rose by 0.3 per cent to 173.2 points during the reporting week.

Auto sales

New Delhi, June 29:Two-wheelers sales rose by 1.5 per cent during April-May 2003 at 8.20 lakh units as against 8.08 lakh units in the same period last year.

Maruti IPO

New Delhi, June 29:Maruti Udyog is expected to obtain clearance from the Bombay Stock Exchange (BSE) by July 1, paving the way for listing of its scrip by the second week of July.

RasGas move

New Delhi, June 29:Senior officials of RasGas, Qatar will visit India next week to finalise the price at which the firm will sell liquefied natural gas to public sector Petronet LNG Ltd.

SBI scheme

Calcutta, June 29:Altogether 2.06 lakh employees of State Bank of India (SBI) retiring after this month would be unable to avail of the retired employees medical benefit scheme as the management has decided to wind up its membership from June 30.

Tata Tele plan

Mumbai, June 29:Tata Teleservices will launch its CDMA services by mid-July in the Maharashtra circle and by early August in Mumbai, even as it is planning to roll out pre-paid CDMA cards in the country.

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