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Sun Pharma : The skies aren't clear yet
The management at Sun Pharma has indicated that sales in the current year could grow by about 13-15 per cent. That’s better than what was expected earlier and is probably because of benefits that it will get from selling a couple of products—Protonix and Ethyol---exclusively in the overseas markets. But it’s good news because the Rs 4,272 crore drug firm has been going through a bit of a rough patch in the US.

Anti-Posco activists burn letter from Posco
The efforts of Posco India to generate public support for its integrated steel project near Paradeep have aroused the wrath of the anti-Posco activists.

News of the day

Follow the IIT style admission policy, Maran tells NIFT
Flooded with requests from candidates qualifying the NIFT entrance examination for change in the centres, the Textile Ministry has asked the prestigious apparel design and production training centre to change its admission policy.
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Inflation may cross 6%, food prices biggest challenge: PMEAC

The Prime Minister"s economic advisory panel today said inflation may cross the six per cent mark by the end of this fiscal and managing food prices will be the biggest challenge for policy makers in the short run. - India may grow by 6.75% this fiscal: PM Eco Panel - Monthly WPI to lower bond volatility: DBS - Inflation, interest rate hike main concerns of Indian investors - Inflation, interest rate hike key concerns for investors - Inflation data to be monthly - Case for status quo The PM"s Economic Advisory Council (PMEAC), headed by former RBI Governor C Rangarajan, also cautioned policy makers against inflation contagion from global developments due to rise in oil prices and any further setback to the financial world. "In India, given the strength of inflationary pressures in the first half of 2009-10, due in part to the drought and expectations of lower supply, it is easy to envisage a situation in March 2010, where inflation is higher than 6 per cent," said the Economic Outlook for 2009-10 released by the council. "Inflationary pressures on the food front will be a major policy concern in 2009/10. In the short term, managing inflationary risks, particularly food price inflation, is the biggest challenge to policy makers," it added. The council said the weak monsoon rains and available acreage data suggest lower kharif output rendering the management of food inflation a severe challenge this fiscal. "While the current weather conditions favour a strong rabi (winter) crop, the possibility of adverse weather conditions in rabi cannot be completely ruled out," it added.


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