Inflation zooms to 4.29%
New Delhi, Sept. 21: Costlier diesel, petrol and food articles, mainly fruits, have pushed up the rate of inflation by 0.41 per cent to 4.29 per cent for the week ended September 6. The wholesale price index (WPI) inflation rate, which remained below 4 per cent for five consecutive weeks, rose from 3.88 per cent in the previous week. It was 0.58 per cent higher from 3.71 per cent in the year-ago period.
Calcutta, Sept. 21: Elected directors of the Calcutta Stock Exchange, have sought a personal hearing before the Securities and Exchange Board of India to express their opinion on several issues, including the showcause notice for superseding the bourse’s management.
Mumbai, Sept. 21: Godrej Consumer Products Ltd has closed its buyback scheme after mopping up shares worth Rs 9.96 crore from open market. The post-buyback paid-up share capital of the company stands at Rs 22.83 crore (pre-buyback capital base being Rs 23.18 crore).
Paris, Sept 21: The French government, creditor banks and the European Commission have mobilised a bailout package under which the French government will pump 800 million euros into Alstom and ask for another 1 billion euros from the banks in a last-ditch effort to save the debt-ridden company.
New York, Sept. 21: The New York Stock Exchange has said John Reed, a former executive at Citigroup Inc, will serve as interim chief executive and chairman, following the resignation of Richard Grasso last week. Reed, 64, retired as chairman and co-chief executive of Citigroup in April 2000.