Retail inflation accelerates in January, but stays below RBI's target

New Delhi, Feb. 13 - India's retail inflation accelerated in January after shifting to a new base year for calculating prices, but stayed well below the Reserve Bank of India's (RBI) target, bolstering prospects for further interest rate cuts.

Consumer prices rose an annual 5.11 percent compared with a 4.28 percent gain in December, the statistics department said after it changed the base year for measuring inflation to 2012 from 2010.

Under the old series, inflation was reported at five percent in December.

Rupee gains 26 paise to 62.05 Vs USD

Mumbai: The rupee strengthened by 26 paise to 62.05 against the dollar in early trade Friday at the Interbank Foreign Exchange on fresh selling of the US currency by exporters and banks.

Swine flu: Death toll climbs up in various states

New Delhi, Feb. 13 - Thirteen people, including a 70-year-old Swiss tourist in Jodhpur, have succumbed to swine flu in Rajasthan, taking the total death toll in the state to 130.

As per reports, over 1,000 people have tested positive for swine flu in the state this year.

In Gujarat, eight more deaths were reported due to the disease while the death toll in the state since January shot up to 116.

Six people also succumbed to swine flu yesterday in Hyderabad, taking the death toll to 48 since January this year.

In Telangana six people died while in Andhra Pradesh one person succumbed to the disease.

Authorities in the two states have reportedly requested people to not panic and report to their nearest health centres if they witness any symptoms related to swine flu.

Afridi among 8 partying Pak players fined for violating team's WC curfew

Karachi, Feb 13 - Pakistan flamboyant all-rounder Shahid Afridi, along with seven other teammates have been fined for violating a team curfew ahead of their much-anticipated World Cup opener against arch-rivals India on Sunday.

According to the Dawn, eight of the Pakistan players, which also included former captain Shahid Afridi and opener Ahmed Shehzad, were fined 300 Australian dollars after they came late to their Sydney hotel.

Headed by former military officer Naveed Cheema, Pakistan team management claimed that players went with their friends for dinner but came back late.

Moreover, a warning has also been issued for players as a repeat offense would pave their way for an early exit from the sport's pinnacle tournament.

Rolls Royce launches its Ghost Series II in South India

Chennai , Feb 12 : Luxury car manufacturer Rolls Royce on Thursday officially launched its latest model, the Ghost Series II.

World's biggest solar telescope to be built with Sheffield expertise

New Delhi, Feb 12 : The world's biggest and most revolutionary solar telescope is being built with the help of researchers from the University of Sheffield.

Led by Queens University Belfast, the Sheffield team is building cameras for the 344 million super telescope which will be situated in Hawaii.

The Daniel K Inouye Solar Telescope (DKIST), which will be launched in 2019, is being constructed by the US National Solar Observatory on Haleakala mountain in Maui, Hawaii.

With a four-metre diameter primary mirror, the telescope will be able to pick up unprecedented detail on the surface of the Sun - the equivalent of being able to examine a 1 coin from 100kms away.

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