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
Samp;P offers to upgrade India if govt performs
MUMBAi: US rating agency Standard amp; Poors has indicated that it may revise Indias 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 Videocons 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