Sunday June 22, 2008

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“Don’t panic” on inflation: FM  

New Delhi, June 21:
A day after India’s inflation rate touched its 13-year high of 11.05%, Finance Minister P Chidambaram on Saturday sought to restore calm, assuring the government was taking necessary steps to quell inflationary trends.
 
Bharti Foundation to open over 500 schools  

New Delhi, June 21:
Bharti Foundation, the philanthropic arm of Bharti Enterprises, will open 500 primary and 50 senior secondary-cum-vocational training schools for underprivileged children across rural India under its Satya Bharti School Programme.
 
Ranbaxy will continue acquisition, says CEO 

New Delhi, June 21:
Pharmaceutical major Ranbaxy Laboratories has said that it will continue to pursue acquisition despite the change in ownership. Japan's Daiichi Sankyo has acquired a major stake in the company.
 
Edible oils dearer by up to 23 per cent  

New Delhi, June 21:
Edible oils, the latest big worry in the government's inflation control exercise, seem to be making a big hole in the consumers' pockets with their retail prices soaring by up to 23 per cent so far this year.
 
Max Devki Devi Heart & Vascular Institute opens OPD in Indore  

Indore, June 21:
Max Devki Devi Heart and Vascular Institute, New Delhi today announced the inauguration of its OPD services at Greater ...
 
Hindalco to raise Rs 5,000 cr via rights issue 

Mumbai, June 21:
Aditya Birla group's Hindalco Industries plans to raise up to Rs 5,000 crore ($1.2billion) through a rights issue to existing shareholders, in a bid to retire loans taken to acquire Canadian firm, Novelis, last year.
 
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