The Telegraph
Saturday , June 16 , 2012
Since 1st March, 1999
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Business Briefs

Facebook plea on lawsuits

New York, June 15: Facebook is set to file a plea for consolidating all shareholder lawsuits against the company, and is also expected to place some blame on Nasdaq. “One month after its botched IPO, the social network is set to file a motion to consolidate all the shareholder lawsuits against the company,” the New York Times reported citing sources.

ATF price cut

New Delhi, June 15: The price of aviation turbine fuel (ATF), or jet fuel, has been reduced by 5 per cent today, the steepest reduction since February 2010. The ATF price in Delhi has been cut by Rs 3,260 per kl, or 5 per cent, to Rs 62,410 per kilolitre.

Latam trade

Calcutta, June 15: India’s trade with the group of Latin American and Caribbean countries is set to rise to $50 billion by 2014 from about $18 billion in 2011.

Austerity drive

New Delhi, June 15: The government has asked the central PSUs to curtail the number of foreign trips, refrain from holding meetings in five-star hotels and conferences abroad as part of its austerity drive.

Drug price

New Delhi, June 15: Leading pharma firms, including GlaxoSmithkline, Pfizer and Ranbaxy, sell commonly used drugs at a rate 10 times the cost of production, a study by the corporate affairs ministry has found.