Saturday, November 29, 2008

India's economic growth slows to 7.6% vs 7.9%

India's manufacturing sector was particularly hard-hit, with growth easing to 5.0% from 5.6% in the previous quarter

Agriculture posted slim 2.7% growth, down from 4.7% in the second quarter of last year.
Arvind on Nov. 28, 2008 said that its board approved the demerger of its brands and retail business divisions into separate units

Oil Sector Officers Association (OSOA) which has called for an indefinite strike in oil PSUs from December 2, to push for higher wages, are speedily getting isolated with executives from IOC, HPCL, EIL and OIL deciding not in favor of joining the stir.


SEZ establishment procedure to go online soon

Plethico Pharmaceuticals announced on Friday the company has agreed to acquire a 20% stake in subsidiary of Tricon Holdings, a leading company dealing in pharma retail with sourcing base in the UAE.

Promoter hikes stake in Rollatainers`s arm