Briefly Business: Core inflation rises to 6.84% in Feb on food,fuel prices

After touching a three-year low in January,core inflation rose marginally to 6.84 per cent in February driven by costlier food items and petrol

Published:March 15, 2013 1:29 am

Core inflation rises to 6.84% in Feb on food,fuel prices

New Delhi: After touching a three-year low in January,core inflation rose marginally to 6.84 per cent in February driven by costlier food items and petrol. PTI

MRP on air fares is anti-competition: CCI

New Delhi: Terming supply and demand trends as key triggers for movement in air fares,the Competition Commission of India (CCI) in a ruling said that the government or the aviation regulator cannot be asked to cap prices as that would be against the spirit of competition in the sector. PTI

S&P offers to upgrade India if govt performs

MUMBAi: US rating agency Standard & Poor’s has indicated that it may revise India’s outlook to “stable” if the government implements initiatives to reduce fiscal deficit and increase growth prospects. ENS

Over 8,300 firms prosecuted: Govt

New Delhi: As many as 8,360 companies have been prosecuted in the last three years for committing economic offences,government informed Parliament,of which,3,511 were prosecuted in 2011-12. PTI

Deferred withdrawal on NPS exit allowed

New Delhi: Pension regulator PFRDA has allowed investors in the New Pension Scheme (NPS) to opt for ‘deferred withdrawal’ of their money at the time of exit,as against the current practice of ‘phased withdrawal’. PTI

Mayaram-headed panel to define FDI,FII

New Delhi: The government has constituted a four-member committee headed by economic affairs secretary Arvind Mayaram for giving clear definitions on what constitutes FDI and FII. PTI

Videocon stake in gas field gets ONGC-OIL bid

New Delhi: Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) on Thursday made a joint bid to acquire Videocon’s up to 20 per cent stake in a Mozambique gas field. PTI

Etihad yet to approach govt on Jet: Sharma

Mumbai: Commerce and industry minister Anand Sharma said neither Jet Airways nor Etihad Airways has approached the government with a formal investment proposal. PTI

Mercedes to hike prices from April

New Delhi: Mercedes-Benz India will hike prices from April 1,which will translate into an increase of 1-4 per cent for locally built models,and up to 20 per cent for imported models. PTI

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