Inflation slips to 4.09%
New Delhi, Aug. 10: The rate of inflation fell to a 27-week low of 4.09 per cent, shedding 0.5 per cent during the week ended July 26, with primary articles and manufactured products becoming cheaper. The point-to-point wholesale price index (WPI) inflation rate fell to a little over 4 per cent, but prices of essential items like vegetables and fruits soared.
New Delhi, Aug. 10: The local unit of Ford Motor Co would launch its 1.6-litre mid-size car Ikon with the engine and gearbox sourced from Hindustan Motors within one to two months, a senior official said.
PSU stake sale
Mumbai, Aug. 10: The government is planning to divest part of its residual stake in VSNL, CMC, IPCL and IBP through a public issue by December 2003 - January 2004 with special consideration for small investors' interests.
SAIL job cuts
New Delhi, Aug 10: A new separation scheme SAIL plans will cut 6,000 jobs and bring the headcount to 1 lakh by March.