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Private provident funds allowed to invest up to 15% in stocks New investment guidelines to give more flexibility to trustees. New Delhi, Aug. 14 Private sector managed provident fund and superannuation trusts can now have greater exposure in the stock ... Costlier fuel, fruits drive up inflation rate to 12.44% Wholesale Price Index of all commodities at 240.4. New Delhi, Aug 14 The annual Wholesale Price Index-based inflation rose 12.44 per cent during the week ended August 2, above the previous week’s annual rise of 12.01 per cent, government ...

New focus:Mr Ratan...	Indian Hotels plans to invest Rs 2,100 cr; will stay invested in Orient Mumbai, Aug. 14 Indian Hotels Company (IHCL), operators of the Taj Group of Hotels, plans to invest Rs 2,100 crore to add 5,900 rooms in the next three years. ...

High inflation turns marketmen extra cautious
Analysts expect tight measures from RBI. Mumbai, Aug. 14 Surprising marketmen on Thursday was the higher-than-expected inflation figure. Thanks to the high fruit and crude price, inflation sky-rocketed to 12.44 per cent for the week ended ...

3G policy: Foreign players want PMO to intervene
Say auction rules unattractive for new players. New Delhi, Aug. 14 Stung by the recently announced policy for third generation (3G) mobile services, a delegation of foreign telecom players has approached the Prime Minister’s Office ...

Auto cos tying up with ITIs to fight skill shortage
Mumbai, Aug. 14 The public private partnership (PPP) model for skill development in industrial training institutes (ITI) announced in the Union Budget turns into an opportunity for automobile manufacturers to fight the shortage of trained ...

Vendor consolidation gaining popularity
Win-win for both clients, service providers. Bangalore, Aug. 14 With Indian IT vendors vying for a larger share of the offshoring pie, and their clients trying to cut costs, vendor consolidation is increasingly becoming more ...

Sugar prices firm up as global supplies tighten
Duty-free imports likely to be unviable at current rates. New Delhi, Aug. 14 The firming up of domestic sugar prices couldn’t have come at a worse time for a Government that is clearly in election mode. The main reason for this is the ...

US trade body clears Sun’s purchase of Taro
Asks Sun to sell rights & assets of 3 anti-epilepsy drugs; Sun agrees. Mumbai, Aug. 14 The US Federal Trade Commission (FTC) has cleared Sun Pharma’s proposal to buy Israel-drug maker Taro, but first required the Mumbai-based drug ...

Monsoon swings back into surplus territory
Thiruvananthapuram, Aug. 14 A punishing spell of rains driven into the peninsula during the week just past has swung monsoon back into surplus territory, according to latest statistics. ...

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