Britain’s Financial Services Authority has approved an application by the Anil-Ambani owned Reliance Asset Management (RAM) to open an office in London.
The company has launched an offshore fund ‘Emergent India’ targeted at international investors, according to the Wealth Bulletin, a Dow Jones-owned online service for the global wealth management industry.
RAM manager Sunil Singhania said: “The [...]

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Do you know how the fuel price is calculated in India?
Suppose if the petrol price per litre in Chennai is Rs 51.90, here the break-up of cost calculated by the  government:

Basic Price = Rs 21.93
Excise duty = Rs 14.35
Education Tax = Rs 0.43 Dealer commission = Rs 1.05 VAT = Rs 5.5 Crude Oil Custom [...]

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Rising food and vegetable prices pushed inflation to a seven-year high of 8.75 per cent, termed “worrying” by Finance Minister P Chidambaram, who pinned hopes on the upcoming conference called by the Saudi King to rein in zooming oil prices.
Inflation went 0.51 per cent up for the week ended May 31 from 8.24 [...]

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The fiscal 2008-09 began on somber note with industrial growth in April dropping to 7 per cent compared to 11.3 per cent in the same month a year ago, reflecting the impact of higher interest rates and rising input costs.
The performance in April, however, was much better than the 3.9 per cent growth rate witnessed [...]

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Inflation is a measure of rise in general price levels of goods and services. Inflation is measured by taking a set of goods and services, and then the prices of the items in the set are compared to prices one time period ago.
In India, inflation is measured based on the wholesale price index (WPI) which [...]

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Inflation has hit a 3-year high and stands at 7% versus 6.68% for the week ended March 22 . The market had estimated it at 6.52%.
The vegetable prices are up 4.9% for the week-ended March 22, while the primary articles WPI (Wholesale Price Index) is 1.8% for the same week end. The minerals WPI is [...]

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