Inflation eases to 26-month low in Jan
India's headline inflation slowed to its lowest level in more than two years in January as food prices fell, increasing the pressure on the RBI to cut rates to battle the country's economic slowdown. Full Article
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GTL Infra shares rise 4 pct on merger reports
MUMBAI, April 9 |
MUMBAI, April 9 (Reuters) - Telecoms tower firm GTL Infrastructure Ltd's (GTLI.BO) shares opened up 4 percent at 47 rupees after an official confirmed merger talks with Essar group's tower unit.
A GTL official, who did not wish to be identified, told Reuters earlier in the day that discussions were on with the Essars and it was also conducting a due diligence. (Reporting by Janaki Krishnan; Editing by Ramya Venugopal)
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