WPI Inflation Drops To 4.9% In April

Tuesday, May 14, 2013 LEAD STORIES INFLATION DROPS TO 4.9% IN APR; LOWEST SINCE NOV 2009 Core inflation dropped to 2.8%, lowest since Jan 2010, food inflation slowed to 6.08% in April as vegetables inflation fell to (-)9.05% in April. read more VODAFONE TAX ROW: SIBAL FOR AMICABLE SETTLEMENT  Kapil Sibal has reversed law ministry's earlier stance under Ashwani Kumar which said that a conciliation with Vodafone was illegal. read more MARKETS END FLAT; SHRUGS OFF INFLATION CHEER  Sensex closed at 19,722.2 up 30 pts & Nifty ended at 5,995.40 up 14 pts. Ranbaxy, Bk of Baroda, Sun Pharma, Power Grid & GAIL were up over 1.5% each. read more AMERICAN INVESTOR TARGETS SONY FOR A BREAKUP  An American hedge fund billionaire known for starting big fights has called for a breakup of the entertainment and electronics colossus Sony. read more TOP STORIES • Mercedes disapproves of SIAM's 'protectionist' views   • Monsoon to hit Andaman in next 2-3 days: IMD   • Apollo Tyres drops plan to raise $150 mn via QIB   • DLF's share sale oversubscribed 1.3 times   • HC notice to Centre on telcos' licence extension plea   • Tata Steel writedown sparks fund-raising worries   • S&P cuts 2013 Asia GDP estimates; India's cut to 6%   • Dr Reddy's Q4 net jumps 67% to Rs 570.89 cr (YoY)   • Reliance Infra Q4 net rises 76% to Rs 726.12 cr   • REpower bags 90 mn euros contract in Germany   • Pipavav Defence allots 1 cr shares to Jhunjhunwala   • Jet to replace AoA; may hamper minority rights   • Stephen Pratt, Ashok Vemuri highest paid Infy execs   • India unveils first indigenous vaccine for diarrhoea   • BMC unlikely to renew Mahalaxmi race course's lease   • Sanjay Dutt appeals to surrender before Pune jail   • U.S. man finds secret recipe of Coca-Cola?   • Verizon Wireless pay parents surprise $7 bn dividend   • UK launches 'super-priority' visas for Indians   • Angelina Jolie has double mastectomy to elude cancer   more stories TOP VIDEOS LONDON EYE: Bullish On India & China, FIIs Keen On India But Wary Of Politics: Jonathan Schiessl, Fund Manager, Ashburton   See Rupee Trading In Range Of 53.50-55.50/$ Going Forward, Don't See A Huge Downside For India As Valuations Are Not Stretched: Suresh Mahadevan, MD & Head of Indian Equities, UBS   We Are Seeing The Greatest Inequality Since The Great Depression: Sharan Burrow, General Secretary Of The International Trade Union   AT A GLANCE BSE 19722.29 +30.62 NSE 5995.4 +14.95 TURNOVER Rs. 168,504 cr BSE CASH Rs. 1,592 cr NSE CASH Rs. 8,881 cr NSE F&O Rs. 134,142 cr BULLION GOLD 26789 -65 SILVER 44713 -405 CRUDE NYMEX 95.05 -0.12 BRENT 102.31 -0.51 FOREX $ / Re 54.81 +0.08 £ / Re 83.525 -0.33 € / Re 71.078 -0.04 EVENTS TO WATCH 15 May Indian EU FTA Negotiators To Meet IPL 6, Match 60, Kolkata Knight Riders Vs Pune Warriors, Ranchi IPL 6, Match 61, Mumbai Indians Vs Rajasthan Royals, Mumbai 15-26 May Cannes Film Festival, France 16 May IMG Panel On Chit Funds, NBFC Norms U.S. Weekly Jobless Claims Data IPL 6, Match 62, Kings Eleven Punjab Vs Delhi Daredevils, Dharmasala

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"Bharat Nirman tells the India story, the journey of India. There's nothing irregular in it, it has been done earlier. India Shining was hype, hoopla and spin. Our campaign is different. Bharat Nirman is not a poll campaign, it tells the India story of the past nine years." Manish Tiwari I&B Minister "There was no pressure. It was a professional job done by our officers without any political considerations. So there was no case of being hard or soft on the case(probe of railway bribery scandal). Everything was done keeping in mind corruption angle. After all huge amount of money was changing hands." Ranjit Sinha CBI Director "We are the members of SIAM, and on this point we do not agree with them on the same position. That's normal... We believe in open market. We trust both sides (EU and India) that they negotiate a solution which could be finally acceptable." Eberhard H Kern CEO, Mercedes Benz India