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Sify - Finance

Sat, 5 Jul 2008 23:01:52 +0530

•	Relief in prices of 30 essential items: Govt
	Facing severe criticism for relentless rise in prices the government today said rates of 30 essential items have eased for the week ended June 21, even as inflation rose to a new 13-year high of 11.63 per cent for the same period.

•	World must brace for oil beyond $150
	Oil's meteoric rise since the start of the year to nearly $150 has distressed consumers and policy makers the world over, but the stark reality is prices are likely to rise higher still.

•	All that we need cost 40% more
	Prices of all essential commodities have been steadily rising - by at least 40 per cent over the past four years.

•	Customs dept wants more duty on Reliance planes
	The Mumbai Customs department has lodged a claim for additional import duties on two aircraft owned by Mukesh Ambani's Reliance group, including on the Airbus he gave his wife for her birthday, Indian media said on Saturday.

•	Weekly Wrap: Sensex slips for the seventh successive week
	The Sensex recorded its seventh successive weekly loss as the bears held the market to ransom on three of the five sessions during the week ended 4 July 2008.

•	Junction plans 1,200 outlets in 1 yr
	Job Junction, an employment services provider aimed at blue-collar jobs, plans to expand its presence with 1,200 centres across the country over the next year. The company currently has 60 centres - 32 in Rajasthan and 28 in Gujarat.

•	ICAI is planning a course for accounting technicians
	To fulfill the demand for trained accounting professionals and to support chartered accountants (CAs), the Institute of Chartered Accountants of India (ICAI) plans to start a course for accounting technicians.

•	SEBI disgorges Rs 80.34 lakh from 33 entities
	The Securities Exchange Board of India has disgorged Rs 80.34 lakh from 33 entities, who were allegedly involved in customised front running in Ballarpur Industries stock.

•	India looks at Qatar to set up $ 1.3 b petrochemical plant
	A high-level Indian industry delegation is reaching Doha shortly to look at the possibility to set up a 1.3 billion dollars petrochemical project in the gas rich Gulf state.

•	Save airfare: Skip India, fly abroad
	Planning to fly to a holiday destination in India? A place that might not be as scenic as a foreign locale, but is comparatively cheaper?

•	There's a ray of hope for pneumonia patients
	It's a killer that is not taken seriously enough in India. Though pneumonia kills more than two lakh children below five years of age annually in the country, it does not figure in the national immunisation programme.

•	Merrill nears deal to sell Bloomberg stake
	Merrill Lynch & Co may sell its 20 per cent stake in financial news and data provider Bloomberg LP to a blind trust controlled by New York City Mayor Michael Bloomberg, The New York Post reported on Friday.

•	Majority of security breaches are insider job
	The video-frame shows a horse carriage being stopped at a check-post. You see guards with bayonets poking at the sacks in the carriage and being generally vigilant.

•	More airlines forced to trim flights
	Airlines have started cutting flights in the new quarter, citing low loads on several routes.

•	Seniors snub reverse mortgages
	Indians are unwilling to mortgage their house, it seems.

•	Coke to invest $250 m more in India
	Beverage giant Coca Cola would pump in $250 million in India over the next three years, focusing on its brands in the sparkling beverage, juice, juice drinks, water and tea and coffee categories.

•	Sensex ends 360 pts up as bulls return to the ring
•	India set for oil hunt in Canadian oilsands
	India may soon sign a multi-billion-dollar deal with Canada to scour for oil in the oilsands of its Alberta province.

•	World Bank report contradicts Bush statement
	Biofuels have forced global food prices up by 75 per cent -- far more than previously estimated -- according to a confidential World Bank report published in a London newspaper on Friday.

•	Sensex up by 381 pts @ 15:01 hrs

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