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Inflation dips marginally

http://topnews.in/node/91782The wholesale price index (WPI) based inflation rate continued to decline in the second consecutive week and now stands at 8.90 per cent. The inflation was 8.98 per cent a week ago. Declining trend brings a respite for the central government, which is facing flak for rising prices. 

It has also paved a way for Reserve Bank to further revise key interest rate to improve liquidity condition in the financial system. Economists believe that it can further slide even below the expectations of the Reserve Bank in the coming days. 

Distributors, theatre owners compensated to resolve ‘Kuselan’ disputes

Distributors, theatre owners compensated to resolve ‘Kuselan’ disputesIn a press meet held in Chennai, S. Saminathan, Managing Director of Pyramid Saimira - the sole proprietor entitled to the worldwide rights of film 'Kuselan' - announced that all disputes related to the movie Kuselan had been settled amicably between the exhibitors and producers of the film. Head of distributors' association, Kalaipuli Shekar, and distributors Thirupur Subramaniam, Rajamannar, Srinivasan and Kavithalaya Kandhasamy were present in the press meet.

DRI Chennai seizes Ketamine worth Rs 20 crore

In the country’s biggest haul of ketamine hydrochloride, worth more than Rs 20 crore in the international market, the Directorate of Revenue Intelligence (DRI) seized 197 kg of the drug from a Malaysia-bound container at the Chennai port on Tuesday. The method used to send the consignment was novel - ketamine was packed in red-colored packets shaped like onions!

DRI officials, after receiving a tip-off about the concealment, checked a container named ‘Bangalore onion’ that was ready for shipment after Customs clearance. They found packets of the drug, placed in the corner of the container, next to some onions.

Indian Navy retaliates to pirate attacks, sinks pirate vessel

Indian Navy retaliates to pirate attacks, sinks pirate vesselIn its second successful strike within a week, Indian Navy stealth frigate INS Tabar repulsed an attack by pirates off the Somali coast and sunk their ship. According to official sources, the incident happened at around 9.45 pm Tuesday night, and there were no casualities from the Indian side.

KBC gets capital injection of 3.5 billion euro

USD Daily Forex Analysis for Technical Traders

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