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Food inflation at 19.83% on high potato, pulses rates
Food inflation, as measured by the Wholesale Price Index (WPI), rose to 19.83 per cent for the week ended December 19 primarily due to rising prices of potatoes, pulses and other vegetables. Food inflation stood at 18.65 per cent for the previous week ended December 12 and at 9.38 per cent during the corresponding period in 2008.

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Jamal Mecklai: Dear Mr Bhave (and Dr Subbarao)
While the battle lines for folding the Forward Markets Commission into Sebi have been drawn — and good luck with that — I believe that there is a more important, and easier, battle that needs to be fought as well. This has to do with the evolution of the corporate bond market. No less an authority than the prime minister has acknowledged that this is a crucial piece of India’s development and I have little doubt that you are already working with RBI on how best to turn this need into a reality.

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DoT again seeks Pranab's help on 3G spectrum issue
The Department of Telecommunications (DoT) has again put the onus of deciding the number of slots to be auctioned for 3G spectrum on Finance Minister Pranab Mukherjee.
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Godrej Properties listing on Jan 5

Realty developer Godrej Properties will be listed on the Bombay Stock Exchange (BSE) on January 5. - Panel seeks black-listing L&T, Siemens; Infy"s Murthy not spared - AIG Asia unit listing to raise up to $20 bn: report - Investors lap up DB Corp IPO - Godrej Properties fixes IPO price at Rs 490 - Cox & Kings makes an impressive debut - Godrej Properties IPO over-subscribed 1.13 times on debut With effect from January 5, the company would list about 6.98 crore equity shares with a face value of Rs 10 each, the BSE said in a circular. The company fixed the issue price for its IPO at Rs 490 a share--the lower-end of price band, while the IPO was priced in the range of Rs 490-530 per share. The offer, opened on December 9 was subscribed four times and closed on December 11, raising Rs 462 crore. The realty firm, which is promoted by Godrej Industries and Godrej & Boyce Manufacturing Company, intends to use the offer proceeds to acquire land, new projects and to repay loans.


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