The rise in the wholesale price index during November is mainly due to higher food prices, Finance Minister Pranab Mukherjee told reporters on Monday.
Data showed on Monday wholesale price index rose 4.78% in November from a year earlier, higher than the previous month's annual rise of 1.34%.
The food price index rose an annual 16.71% in November from a year earlier.
Monday, December 14, 2009
Rajasthan Spinning eyes FY10 topline at Rs 1,500cr
In an interview with CNBC-TV18, JC Laddha, Executive Director of Rajasthan Spinning and Weaving Mills, spoke about the company’s future plans.
Here is a verbatim transcript of an exclusive interview with JC Laddha on CNBC-TV18. Also watch the accompanying video.
Q: There was a block deal in which Rajasthan Spinning’s stake of 15 lakh shares in Maral Overseas was sold along with it we also had HEG selling its stake in Maral Overseas. These shares were purchased by Agarwal Finestate and Essay Marketing. Is it basically an inter-se group change of hands?
A: I am not much aware about it. It might be the arrangement between the promoters. I am looking after the operations and the business of the company.
Here is a verbatim transcript of an exclusive interview with JC Laddha on CNBC-TV18. Also watch the accompanying video.
Q: There was a block deal in which Rajasthan Spinning’s stake of 15 lakh shares in Maral Overseas was sold along with it we also had HEG selling its stake in Maral Overseas. These shares were purchased by Agarwal Finestate and Essay Marketing. Is it basically an inter-se group change of hands?
A: I am not much aware about it. It might be the arrangement between the promoters. I am looking after the operations and the business of the company.
Accumulate RIL on declines: Sajiv Dhawan
Accumulate Reliance Industries (RIL) on declines, says Sajiv Dhawan, JV Capital Services.
Dhawan told CNBC-TV18, "We have advised clients to hold RIL and accumulate on any significant decline. The bad news is pretty much factored into the stock; the stock has had a bit of a rough patch, it's reasonably steady at sub Rs 1,100 levels. I think investors after the bonus would look to further accumulate the stock on any significant decline.”
He further added, “Over a period of time Reliance does reward patient shareholders; its not one of the most glamorous stock from a trader's perspective nowadays but it has been in the news. Anyway if Lyondell Basell deal doesn't go through or get reworked, I am sure in the medium to longer-term Reliance will give its investors a steady decent return over the two-three year timeframe.”
Dhawan told CNBC-TV18, "We have advised clients to hold RIL and accumulate on any significant decline. The bad news is pretty much factored into the stock; the stock has had a bit of a rough patch, it's reasonably steady at sub Rs 1,100 levels. I think investors after the bonus would look to further accumulate the stock on any significant decline.”
He further added, “Over a period of time Reliance does reward patient shareholders; its not one of the most glamorous stock from a trader's perspective nowadays but it has been in the news. Anyway if Lyondell Basell deal doesn't go through or get reworked, I am sure in the medium to longer-term Reliance will give its investors a steady decent return over the two-three year timeframe.”
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