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Rupee lifted by stocks; wary of oil,inflation
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Rupee strengthened on Friday as a rise in local shares eased some immediate concerns of more capital outflows, but its gains were limited by high oil prices and further rise in annual inflation.
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Inflation zooms to a fresh high of 11.63%
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Inflation raced to a new high of 11.63 % for the week ended June 21, 2008. Inflation had already soared to a 13-year high of 11.42 per cent for the week ended June 14.
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Gail plans petrochem unit in Qatar
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Flagship gas utility Gail has zeroed in on gas-rich Qatar for a mega petrochemicals complex the state-owned company proposes to build in partnership with Mukesh Ambani's Reliance Industries Ltd.
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Consumer is tech king
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In the coming years, the majority of new technologies that enterprises adopt for their information systems will have roots in consumer applications, finds Shivani Mody.
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