Inflation dips to 4.52%

New Delhi, July 28: The inflation rate declined marginally to 4.52 per cent for the week ended July 15 despite a spurt in the prices of atta, vegetables, edible oils, iron ore and bauxite. The wholesale price-based inflation fell by 0.16 per cent from 4.68 per cent in the previous week, but was higher than 4.45 per cent in the corresponding week last year, according to the data released by the government today.

Forex kitty

Mumbai, July 28: The country?s forex reserves increased by $689 million to $163.348 billion during the week ended July 21 from $162.659 billion during the week ended July 14.

Greenply buy

Mumbai, July 28: Greenply Industries has approved a proposal to acquire Singapore-based Gil International Pte as a wholly owned subsidiary.

Calsoft plan

Mumbai, July 28: California Software Co (Calsoft) today said its wholly owned US subsidiary, CSWL Inc, has signed an MoU with Japan?s Codex Co Ltd to acquire a minimum 66 per cent stake in the company for Rs 4.19 crore.

Centurion

Mumbai, July 28: Centurion Bank of Punjab has raised interest rates on deposits ranging from 91-180 days to 6.10 per cent and from 181-364 days to 6.60 per cent. For senior citizens, the rates have been revised to 6.85 per cent and 7.35 per cent respectively.