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End 3G roaming pact?

  • End 3G roaming pact?

    End 3G roaming pact?

  • Inflation at 4-yr low of 1.81%

    A vendor sells spices on a street in Srinagar

    Food inflation fell sharply to a near 4-year low of 1.81% for the week ended December 10 as prices of essential items like vegetables, onion, potato and wheat declined.

    This is the lowest rate of food inflation since the week ended February 9, 2008, when it stood at 2.26%.

  • Current A/C deficit to widen

    Indian currency notes are stapled to form a garland at a market in Jammu

    India's current account deficit is expected to widen further on the back of higher oil prices and sharp increase in imports of bullion, machinery and electronics, RBI said on Thursday.

    Inflation risks remain high and a slowdown in revenue collections and higher spending on subsidies may make it challenging to achieve the fiscal deficit target of 4.6% of gross domestic product in the fiscal year ending March, the RBI said in its Financial Stability Report.

  • iPhone losing in Europe

    A white Apple iPhone 4S is shown on display at an Apple Store in Clarendon, Virginia

    The long-awaited launch of the iPhone 4S has helped Apple win market share in US and Britain, although it is losing ground in the rest of Europe, data from research firm Kantar Worldpanel ComTech showed on Thursday.

    "In Great Britain, the US and Australia, Apple's new iPhone continues to fly off the shelf in the run-up to Christmas. However, this trend is far from universal," said Dominic Sunnebo, global consumer insight director.

  • World stocks gain

    Man reading a newspaper, walks past a stock quotation board outside a brokerage in Tokyo

    Japan's blue-chip index snapped a two-day winning run on Thursday and met strong resistance near its 25-day moving average, with the machine tools sector weighed down by a brokerage downgrade.

    Industrial robot maker Fanuc Corp <6954.T> lost 3.4% and was the second-heaviest traded share by turnover after Bank of America Merrill Lynch downgraded the sector to "bearish", traders said.