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Better to bear inflation than risk growth: Sen
The wholesale price index (WPI) as a measure of inflation might cross the Reserve Bank of India’s (RBI’s) comfort zone by December, while the Index of Industrial Production (IIP) would be in double digits, India’s Chief Statistician Pronab Sen, who is also the secretary of the Ministry of Statistics and Programme Implementation, said today.

ED conducts search ops at Emmar-MGF offices
The Enforcement Directorate (ED) today conducted search operations at offices of real estate company Emaar-MGF, a joint venture between MGF India and the Dubai-based Emaar. These operations were of a routine nature and were not linked to the investigation into the dealings of the former Jharkhand chief minister Madhu Koda, the company said in a statement. Some news reports said the search operations were triggered by the directorate finding documents that showed Koda’s associates on the boards of some Emaar group companies.

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Love, orchids
Add a little colour to your living spaces with fresh orchids ordered from around the world.
Public Company

More support for Sun Pharma in Taro takeover battle

Glass, Lewis & Co, LLC, an independent proxy advisory firm has recommended the shareholders of Taro Pharmaceutical Industries to vote against the proposals made by Taro’s board of directors in the upcoming annual general meeting of Taro’s shareholders scheduled for December 31. Earlier, another investment advisory firm Proxy Governance, had recommended the shareholders of Taro to withheld their votes in the ensuing annual general meeting (AGM) of the company on the eve of new year.


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