Toyota lowers 2009 global sales target Toyota lowered its global sales target for 2009 to 9.7 million vehicles on Thursday, down from an earlier 10.4 million vehicles, blaming "tough times," caused by rising material costs, a slowing U.S. market and soaring gas prices. 28 Aug 2008
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Ranbaxy wins price rigging case in the UK, launches ulcer drug in the US After being involved in a slugfest with US Food and Drugs Administration (US FDA), India's largest generics drug maker Ranbaxy Laboratories has some good news at last: the firm's UK subsidiary has been acquitted in a price rigging case and it has launched a generic ulcer drug in the US market. 29 Jul 2008
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India among top 3 entertainment and media markets: PwC The world's largest professional services firm, PricewaterhouseCoopers (PwC) said India is one of the top three markets for global collaboration in entertainment and media because of a "relatively friendly foreign investment regime." 23 Jul 2008
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Study: As gas prices go up, auto deaths drop High gas prices could turn out to be a lifesaver for some drivers. The authors of a new study say gas prices are causing driving declines that could result in a third fewer auto deaths annually, with the most dramatic drop likely to be among teen drivers. 13 Jul 2008
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Jeddah Summit: Saudi Arabia promises to increase oil output; India urges "price band mechanism" The Jeddah Summit attended by 35 countries (including OPEC members), seven international organizations and 25 oil companies, concluded on a bittersweet note on Sunday with world's largest oil producer Saudi Arabia promising to increase oil output by 200,000 barrels per day (bpd) in the month of July, which some nations say is still not enough. 23 Jun 2008
Oil prices dip to $127 a barrel in Asian trading Crude oil futures slipped in Asian trading Tuesday as investors sought to gauge whether oil prices have peaked even as many worry that supplies are barely meeting growing global demand. 03 Jun 2008
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Annual inflation rate in India edges towards 8 percent; FinMin "concerned" India's wholesale price index (WPI)-based inflation rate has risen to 7.83 percent in the 12 months to May 3, marginally higher than previous week's annual rise of 7.61 percent, even as India's Finance Minister continues to reassure the people that price rise will moderate in a few weeks. 17 May 2008
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Inflation rise "stable," "not significant," says Chidambaram, promising downward trend soon India's Finance Minister P. Chidambaram has assured that inflation is under control, Friday, even as government data showed that the nation's wholesale price index (WPI)-based annual inflation rate has risen to a new 42 months high of 7.61 percent in the 12 months ending April 26, 2008. 10 May 2008
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India's annual inflation rate hits 7.61 percent; Govt. bans future trading in essential commodities India's wholesale price index (WPI)-based inflation rate has risen to a new 3 and 1/2 years high of 7.61 percent in the year ending April 26, 2008, marginally higher than previous week's annual rise of 7.57 percent and 0.07 percent lower than the figure it touched on Nov. 13, 2004, government data has revealed on Friday. 09 May 2008
