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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
Copper futures rose after the index of US leading economic indicators rose in May, raising hopes that the global recession may be near a bottom. The indicators index for the world’s biggest economy advanced 1.2% in the six months through May, following a 1.1% gain in April, the biggest back-to-back gains since 2001, the New … Read more Copper gains on speculations of a revival in the US economy
Future Generali India Life Insurance, part of Future Group, has launched Future Anand that offers combination benefit endowment cum whole life plan. The policy also offers choice of short term and long-term payment terms ranging between 8 to 20 years. It offers death benefit which means if policy holder dies after premium paying term the … Read more Future Generali launches Future Anand