Business News

As inflation continued its upward trend, the BJP on Friday charged the Government with "failure" in arresting price rise and demanded that essential food items be supplied to all sections of society through ration shops at reasonable prices.

India's wholesale price index rose 7.83 per cent in the 12 months to May 3, higher than previous week's annual rise of 7.61 per cent, government data showed on Friday.

The International Monetary Fund (IMF) does not expect the global economy to recover before 2009, its chief Dominique Strauss-Kahn said on Wednesday.

As prices in India shoot over the roof, the value of a politically sensitive, perishable commodity has tumbled, troubling farmers whose pleas for aid have gone unheard as the government battles runaway inflation.

Men are preferred bosses as they are faster in decision making and liberal in awarding functional autonomy to their subordinates, a survey by industry body Assocham says.

It may not be as glamorous, but the stock market also sees the trends changing as per the season -- just like the fashion industry.

The index of industrial production (IIP) grew a meager 3 per cent in March this year, putting pressure on the Reserve Bank of India to back off from taking further monetary-tightening measures in its war against inflation.

For those who believe only grey cells set apart leaders from the rest, there is another hair raising observation among corporate America that most of the successful CEOs including Pepsico's Indra Nooyi part their hair to the left, says US business magazine Fortune.

Inflation is expected to come down to 6 per cent from the present level of 7.61 per cent in next three to four months, Prime Minister's Economic Advisory Council Chairman Prof C Rangarajan said in New Delhi on Monday.

After being chosen as one of the most influential people in the world by Time magazine, Ratan Tata of Indian conglomerate Tata Group has been named among the biggest brains in business by another US publication.

Inflation rose to 42-month high of 7.61 per cent for the week ended April 26 as against 7.57 per cent in the previous week on account of rising food prices and some manufactured products.

India's wholesale price index rose 7.61 per cent in the 12 months to April 26, marginally higher than previous week's annual rise of 7.57 per cent, government data showed on Friday.

Telecom operator Mahanagar Telephone Nigam on Thursday said from June onwards it would launch mobile TV for which it is carrying out field trials now.

India expects inflation rate to decline by a percentage point to 6.4-6.6 per cent in 6-8 weeks from a three-year high in mid April as fiscal and monetary steps kicks in, Minister of State for Industry Ashwani Kumar said on Thursday.

Steel companies, battling government allegations of cartelisation and stoking inflation, today offered to cut prices across the board after a meeting with Prime Minister Manmohan Singh.

India with its increasing number of millionaires is projected to be in the 8th position among the world's top 10 wealth centres by 2017, says a report by banking giant Barclays.

Indian telecom giant Bharti Airtel's acquisition of MTN in South Africa, if successful, would be the biggest thing to happen to the two countries since Mahatma Gandhi, says international business magazine Economist.

Billionaire Indian businessman Anil Ambani's wife Tina Ambani is seeking to raise over 1,00,000 pounds (Rs 81 crore) for her Harmony Art Foundation by selling a dozen art works at Christie's, which is also exhibiting 32 works from the Ambani family's private collection.

Country's financial capital Mumbai is the worlds' seventh largest city in terms of billionaire population, says Forbes, the American business magazine famous for its annual list of richest people on the globe.