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Economy and Politics

The Indian currency had lost 24 paise to close at a one-week low of 44.66/67 against the US dollar in the previous session.

 
 
Consumer durables was the only segment which saw an output growth over the year-ago period - it expanded 26.5 per cent compared to 24.7 in August last year.
India is way below neighbouring countries like China and Pakistan in a new global hunger index by the International Food Policy Research Institute.
IMF MD Dominique Strauss says India likely to get more say by January 2011.
In the first four months of 2010-11, imports of items such as automobiles, alcoholic beverages and rubber, too, increased by 87.4 per cent.
As India begins negotiations with the European Union for a free trade agreement, protests are being held against the inclusion of intellectual property provisions.
 
 
Forex dealers said weaker Asian currencies against the American currency along with demand for the US dollar from importers, weighed on the sentiment.
The Sensex companies may see an increase of around 20 per cent in sales, majority of brokerages have forecast.
The rupee appreciated 20 paise to Rs 44.22 a dollar at the Interbank Foreign Exchange market in early trade on Monday on surging capital inflows.
A report by consultant firm Grant Thornton says there were as many as 57 merger and acquisition transactions worth $601 million in the month of September.
Data provided by TAAI indicate that two new casinos and attractive amusement parks have combined to ensure Singapore's popularity this season.
In the latest figures, inflation was driven by higher prices of pulses, rice and wheat. On an annual basis, cereal prices have risen 5.26 per cent.
The industry is expected to perform well in terms of topline growth for the quarter ended September 2010, but not on the bottomline front, given higher cost of inputs.
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