Friday May 16, 2008

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Inflation up to 5 times more for corporates  

New Delhi, May 15:
Corporate India could be a much bigger victim to rising prices than the common man with cost of doing business soaring up to 35 per cent or about five times the wholesale price index levels.
 
Sensex ends up 375pts 

Mumbai May 15:
The Sensex opened with positive gap of 107 points at 17,085 following a positive close in the US markets. Agressive buying in late noon deals helped the index touch the day's high at 17,366 - up 388 points...
 
India, Russia, China kick off meeting 

Yekaterinburg (Russia), May 15:
India, Russia and China today kicked off a trilateral meeting here to discuss a wide range of regional and global issues including counter- terrorism, food and energy security and the rapidly unfolding economic scenario on...
 
No cut in import duty on crude oil  

New Delhi, May 15:
Finance Minister P Chidambaram today ruled out cut in import duty on crude oil, which has been ruling above USD 120 a barrel in the international market resulting in increased losses to state-owned oil marketing companies.
 
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