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Inflation dipsNEW DELHI: Putting a halt to a brief four-week rising spell, the inflation rate witnessed a minuscule fall of 0.03 % to tou...

Inflation dips

NEW DELHI: Putting a halt to a brief four-week rising spell, the inflation rate witnessed a minuscule fall of 0.03 % to touch 5.23 % on March 6, mainly due to decline in prices of textiles, primary articles and food products. It was 5.26 % the week before. It was much above the 4% mark at 4.76 % during the corresponding week last year. It had been hovering above the 5% mark since February 20 when it touched 5.14 %

Central Bank

MUMBAI: Central Bank of India’s Nariman Point branch celebrated Customers’ Right day’ in its premises on March 15, 1999. This was attended by a large number of customers of the branch and was presided over by V P Krishnan, General Manager. S G Nadgonde, asst gen manager of the Branch, spoke on Customers rights’ and explained how important are the customers for this branch in particular and to the banking industry in general. V P Krishnan, in his address, appreciated the co-operation extended by the customers.

Samsung losses

SEOUL: SouthKorea’s largest chipmaker Samsung Electronics, under fierce grilling from activist shareholders, revealed that its parent Samsung Group was facing further losses from the sale of its troubled automotive unit. Activist shareholders, calling themselves The People’s Solidarity for Participatory Democracy (PSPD), told Samsung Electronics’ annual shareholders’ meeting that the company could lose a further estimated 329 bn won ($270 mn) as a result of a government-promoted business swap intended to reform key industries. Under the deal, Samsung is to give loss-making Samsung Motors to Daewoo Corp in exchange for its electronics unit.