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Business Briefs 29-08-2010

Growth hope Forex kitty HP offer

By The Telegraph Online
  • Published 29.08.10

Growth hope

New Delhi, Aug. 28: Finance minister Pranab Mukherjee today exuded confidence that the economy would grow by more than 8.5 per cent this fiscal, despite a partial rollback of stimulus measures. Addressing the heads of Indian Missions here, Mukherjee said the economy was likely to continue the high growth trajectory in the coming years as well.

Forex kitty

Mumbai, Aug. 28: The country’s foreign exchange reserves declined for the second consecutive week, reaching $282.54 billion for the week ended August 20, down $242 million compared with the previous week’s $282.79 billion.

HP offer

New York, Aug. 28: Data storage solutions provider 3PAR has said that computer maker Hewlett-Packard’s $30 per share offer is “superior” to the bid made by Dell.