NDPMS Wealth Management

NEW DELHI: Sharply higher food prices drove India's annual consumer price inflation to a higher-than-expected 11.24 per cent in November from 10.17 per cent in October, government data showed on Thursday.  Economists in a Reuters poll had estimated consumer inflation for the month to ease to 10 per cent.  Food prices for consumers last month rose 14.72 per cent from a year earlier, faster than a provisional 12.56 per cent annual rise in October.  Source: EconomicTimes

According to provisional data released by the commerce ministry, the trade deficit for November 2013 has narrowed to USD9.2bn as against USD10.6bn in the previous month and USD17.2bn in November 2012 mainly on account of a sharp decline in imports. Imports reported a contraction of 16.4% during November 2013 as against 14.5% in the previous month and growth of 3.5% in November 2012. However, the momentum of strong export performance witnessed over the past four months slowed in November 2013, with export growth at 5.9% as compared to 13.5% in October 2013. The decline in imports for the sixth consecutive month can be attributed to the steep contraction in non-oil imports due to restrictions on gold imports as well as the impact of weak domestic demand in the economy. Non oil imports reported de-growth of 23.7% as compared to 22.8% in the previous month and oil imports came in lower by 1.1% as compared to growth of 1.7% in the ...

Strides Arcolab at its meeting held on December 10, 2013, has approved the a special dividend of Rs 500 per equity share of Rs 10 each to the shareholders of the Company.  Strides Arcolab Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 10, 2013, inter alia, have approved the following:1. A Special Dividend of Rs. 500/- (Rupees Five Hundred Only) per equity share of Rs. 10/- each to the shareholders of the Company.2. The said Special Dividend will be paid on or after December 27, 2013.In this regard, the Company has issued a Press Release dated December 10, 2013 titled "Update on Agila Transaction".Source : BSE  Source: MoneyControl