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Editor's Desk For the week ending 6 Jun ’09, headline inflation (wholesale price index, WPI) was -1.61%. This is the first time since Dec ’78 that WPI inflation has turned negative. WPI for the week ending 11 Apr ’09 was revised to 0.96% from 0.26%. Primary articles fell due to a sharp fall in the prices of … Read more India Economy – Inflation – Deflation vs. hyperinflation
The country’s leading steel manufacturer, Tata Steel, has increased prices of hot-rolled steel products by Rs 500 to Rs 750 per tonne in few select provinces on monthly contracts with retrospective effect from June 1, 2009. The move has been triggered by the revived demand for the steel products in the local markets, mainly from … Read more Tata Steel increases price of hot-rolled steel – Begins the Regime of Lobby in Congress Government
Birla Sun Life Insurance, a private insurance company, is planning to launch a new term insurance plan for people with healthy lifestyles. The term policy offers only life protection cover for a fixed period. Till date, an insurer used to load the premium if the policyholder was suffering from smoking or drinking addiction, blood pressure, … Read more Birla Sun Life to launch new term insurance plan
The telecom service provider, Idea Cellular has collaborated with telecom equipment manufacturer Nokia Siemens Networks (NSN) to upgrade former company’s network in 22 service areas in India. In order to upgrade Idea’s existing network, NSN will use GPRS (general packet radio service) technology and its unified charging solution. Due to this Idea will be able … Read more Nokia Siemens will upgrade Idea’s 22 service areas in India
Birla Sun Life Insurance (BSLI) a part of Aditya Birla Group hasexpressed its aspiration to emerge as amongst the top 3 insurancecompanies in India. For this, company plans to launch contemporaryproducts. It also plans to expand its network of branches in India. InFY 2008-09, company stood at the fifth position having a 9% marketshare (amongst … Read more Birla Sun Life aspires to emerge amongst the top 3 life insurance companies
India’s leading mobile service provider, Reliance Communications(Rcom) is in talks with Alcatel-Lucent to manage its 70,000-80,000 kmof fibre optic cables across India. This outsourcing deal is consideredto be worth $500 million. If the deal is struck, Rcom will be becomethe first Indian telecom company to outsource the management of itsoptic fibre cable business. Reliance Communications … Read more Rcom in talks with Alcatel-Lucent to manage its fibre optic cables in India