Economic Pulse

A vendor sorts tomatoes at a wholesale vegetable and fruit market in Chandigarh January 29, 2011. REUTERS/Ajay Verma/Files

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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Tata Motors Results

Tata Motors Results

Tata Motors Q3 net jumps 40.5 pct.  Full Article 

iPad Trouble

iPad Trouble

Apple may face iPad export ban in China trademark row.  Full Article 

Under Scrutiny

Under Scrutiny

India probes Google, Yahoo for possible forex violation.  Full Article 

No Censorship?

No Censorship?

India will never censor social media - Sibal.  Full Article 

Singapore Airshow

Singapore Airshow

Asia's biggest arms, aerospace event begins under China shadow.  Full Article 

Downgrade Threat

Downgrade Threat

Moody's warns may strip France, UK, Austria's Aaa rating.  Full Article 

India's Reliance Industries KG-D6's facility located in the Indian state of Andhra Pradesh is pictured in this undated handout photo. India's Reliance Industries Ltd resumed crude oil production from its east coast MA-1 field on March 8 following an emergency shutdown in December, Upstream Regulator V.K. Sibal said on March 12, 2009. REUTERS/Reliance Industries/Handout (INDIA ENERGY BUSINESS IMAGE OF THE DAY TOP PICTURE) FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS

RIL's Output Woes

Reliance Industries' D6 output may fall to 27 mscmd - source.  Full Article 

Buy, Sell or Hold?

Buy, Sell or Hold?

Stock recommendations from VantageTrade.  Full Coverage 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage 

Mexico govt shuts inefficient power company

From the Financial Times

India’s great newspaper battle

MEXICO CITY | Sun Oct 11, 2009 11:25am IST

MEXICO CITY Oct 11 (Reuters) - Mexico's government said on Sunday it was closing down the power company that supplies electricity to the capital and surrounding area because of inefficiency.

Federal police stood guard at installations of Luz y Fuerza del Centro, which supplies electricity to Mexico City and the surrounding area.

"Luz y Fuerza del Centro's results are notably inferior compared to organizations that provide the same services internationally and compared to the Federal Electricity Commission," the government said in a statement.

The Federal Electricity Commission provides electricity to in most regions of Mexico.

The government said it was liquidating Luz y Fuerza del Centro because it wastes huge amounts of electricity due to inefficiency, and also because of its high costs and operating losses. (Reporting by Noel Randewich and Anahi Rama, editing by Alan Elsner)

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