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40% of food items in WPI decline, says study
Government’s measures to tame food inflation are working

Ruia buys U.K. component maker
KOLKATA: The Kolkata-based Pawan Ruia Group, which has a controlling interest in Dunlop India and in Falcon Tyres, has acquired British auto component manufacturer Schlegel Automotive Europe, according to group chairman Pawan Kumar ...

Windfall tax violative of NELP policy
‘It should be across the board for a broad spectrum of activities’

Audi introduces new A4 sedan


Offshoring to India creates jobs in U.K.
LONDON: Outsourcing work by British companies to India does not cause job losses but boosts employment, according to a research by economists at the University of Nottingham. Scores of major U.K. companies have been involved in offshoring, ...

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Barometer


Briefly
SNAPSHOTS
Dow Chemical to buy Rohm and Haas
DETROIT: Dow Chemical Co. will buy rival chemicals maker Rohm and Haas Co. for more than $15 billion in a deal the chemical giant said on Wednesday was a lynchpin for growth. The $78 per-share deal includes money from a Kuwaiti sovereign ...

Novartis to buy Speedel
SWITZERLAND: Novartis AG said on Thursday that it has acquired 51.7 per cent stake in Swiss pharmaceutical maker Speedel Holding bringing its present stake in the company to 61.4 per cent. It intends to buy the remaining stake in Speedel ...

BMW introduces new 5 Series
NEW DELHI: German luxury car maker BMW on Thursday introduced new variants of its 5 Series sedan priced in the range of Rs. 36.90 lakh and Rs. 46.80 lakh as it looks to strengthen its presence in the country. The new variants powered by diesel ...

Allied buys major stake in U.S. firm
MUMBAI: Allied Digital Services Ltd., a leading Indian enterprise IT infrastructure management services provider, has acquired 80.5 per cent stake in EnPointe Global Services, a subsidiary of EnPointe Technologies, a Nasdaq-listed company. ...

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