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New system to provide real picture of price situation: govt
Conceding that WPI-based inflation was not reflecting the rising prices adequately, the government today said the new mechanism has been devised to provide a better picture of the price situation.

LGS Global gets $2.8 mn from US AIDS bureau
LGS Global Limited, a Hyderabad-based software development company, has been awarded a $2.8-million (approximately Rs 13.44 crore) grant for developing a Health Insurance Portability and Accountability Act (HIPAA)-compliant, web-based data entry and reporting platform, which is a nationwide initiative to enhance the quality of care to those suffering from HIV/AIDS.

News of the day

Nifty may move in 4,640-4,900 band
In a week marked by high volatility, markets corrected sharply only to bounce back with greater strength. Last week, it was mentioned that the markets might stage a July-like recovery amid high volatility. Although, markets have bounced back sharply, chances of a full recovery look remote currently. Going forward, one needs to watch the 15,530-15,640 zone for the Sensex as crucial for the current upmove to remain intact. As and when it comes below this level, the index is likely to test its long-term support of 14,800.
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Ford launches special edition of Fiesta

US car maker Ford today launched a special edition of its mid-sized sedan Fiesta in the country, priced at Rs 6.44 lakh (ex-showroom, New Delhi). - More cities under affordable housing project: Tata - Ford India October sales jump 98.28% - Ford"s union workers said to reject givebacks US rivals got - Ford to close Canada plant in 2011, shed 1,400 jobs: union - Geely preferred bidder for Volvo unit - Tata Motors: With Manza to steer">Tata Motors: With Manza to steer The new Ford Fiesta 1.6 ZXI will be available only in the petrol variant, the company said in a statement. "The Ford Fiesta continues to be one of our bestselling products and registered impressive sales during the festive season. We are building on the success and offering customers with a special edition of the 1.6 ZXI Duratec variant," Ford India Executive Director (Marketing, Sales and Service) Nigel Wark said. The special edition of the car has been fitted with electronic brake-force distribution, stylised features and leather interiors.


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