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India Needs To Focus On Malaria Prevention, Says WHO Officials

World Health Organization officials urged India to concentrate more on the India Needs To Focus On Malaria Prevention, Says WHO Officialsprecautionary aspects of malaria than discovering the treatment of the disease.

The WHO officials stated India needs to eradicate the micro killer by following up effectual means of preventing malaria.

Until now, the fight against the mosquito threat is completely centered on disease treatment.

India Has More Than 30 Mln Diabetes Patients – A Study Report

A new study carried out by MSD Pharmaceuticals, a wholly-owned Diabetes Patientsubsidiary of Merck and Co Inc (USA), revealed that India is home to the largest population of diabetics in the world with over 30 million people suffering from the disease.

The study claimed, “India is considered the diabetic capital in the world, with the largest population of diabetics.”

Besides, the company has also launched 'Januvia' (Sitagliptin), an approved Dipeptidyl Peptidase-4 Inhibitor for Type 2 Diabetes, in Kolkata on Thursday.

OPEC crude price close to 117 dollars

Vienna - Organization of the Petroleum Exporting CountriesThe price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) continued its record-breaking climb towards the end of the week, OPEC said on Friday.

One barrel (159 litres) of crudes from OPEC's reference basket stood at 116.93 dollars on Thursday, up 90 cents from the previous day.

On Thursday, OPEC Secretary General Abdalla Salam el-Badri said current high prices were not connected to market fundamentals, as markets remained well supplied.

Interview: Indian Stock Markets will depend on Global cues, Mohinder Kumar

This week, TopNews Stocks editor Neeta Aurora interviewed Technical Analyst Mohinder Kumar about his view on Stock Markets trends for the next six months. Below are the excerpts from the interview.

Neeta: Indian Stock markets faced correction in late January this year. What was your recommendation to clients?

OPEC crude price continues record climb

Vienna - Organization of the Petroleum Exporting CountriesThe price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) continued its record-breaking climb, the Vienna-based OPEC secretariat said on Thursday.

One barrel (159 litres) of OPEC crudes stood at 116.03 dollars on Wednesday, a new all-time high. The price rose by 1.28 dollars compared with the previous day.

According to OPEC analysts JBC in Vienna, crude supply concerns should have lifted to some extent, as ExxonMobil returned to its normal production levels of around 800,000 barrels per day in Nigeria after a strike.

OPEC crude price at record 114.75 dollars

Vienna - The price for crudes produced by the Organization of the Petroleum Exporting Countries (OPEC) jumped to a new record high on Tuesday, the Vienna-based OPEC secretariat said on Wednesday.

One barrel (159 litres) of crude from OPEC's 13-brand reference basket stood at 114.75 dollars on Tuesday, up 3.15 dollars from the previous day. On Monday, crude prices jumped by almost five dollars.

OPEC calculates an average basket price based on 13 important brands produced by its member states. The 13-member cartel is responsible for about 40 per cent of the global crude output. (dpa)

OPEC crude price close to 107 dollars

Organization of the Petroleum Exporting CountriesVienna - The price for crudes produced by the Organization of the Petroleum Exporting Countries (OPEC) rose again to close to 107 dollars by the end of the week, OPEC said on Monday.

One barrel (159 litres) from OPEC's 13-brand reference basket stood at 106.99 dollars on Friday, up 1 dollar from the previous day.

OPEC calculates an average basket price based on 13 brands produced by cartel members. (dpa)

OPEC crude price slides below 110 dollars

Organization of the Petroleum Exporting CountriesVienna - The price for crudes produced by the Organization of the Petroleum Exporting Countries (OPEC) dropped from its record high on Tuesday, OPEC said on Wednesday.

One barrel (159 litres) of crude produced by OPEC members stood at 109.86 dollars on Tuesday, down 1.8 dollars from the previous day.

The Vienna-based OPEC secretariat calculates an average basket price based on 13 brands produced by cartel members. (dpa)

Protester killed in clash with police in southern Yemen

Yemen FlagSana'a, Yemen  - A protester was killed in a clash between police forces and protesters trying to free detained opposition activists in the southern Yemeni province of Lahj on Tuesday, witnesses said.

They said the clash broke out after dozens of armed protesters stormed into a detention centre in the Habeel Jabre twon of Lahj, some 300 kilometres from the capital Sana'a.

Another protester and two police officers were injured in the clash, they said.

The detained activists were among dozens of people arrested after violent protests in several southern cities in the past three weeks by disgruntled youths demanding army jobs. (dpa)

OPEC crude price jumps to new record high

Organization of the Petroleum Exporting CountriesVienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) was at a new record high at the beginning of the week, OPEC said Tuesday.

One barrel (159 litres) of crude from OPEC's reference basket of 13 crudes stood at 111.66 dollars on Monday, up 1.65 dollars from Friday.

Crude prices, already boosted by the weak US dollar, were also affected by strikes in Scotland and Nigeria as well as unrest in the African country, analysts said. (dpa)

RBI to release annual monetary and credit policy today

Mumbai, Reserve Bank of IndiaApr 29: Reserve Bank of India (RBI) will announce the annual the monetary and credit policy for the year 2008-09 today.

Rising inflation could impact the policy in terms of further rate hikes.

The RBI’s key policy rates were raised nine times since October 2004, while the Cash Reserve Ratio (CRR), the mandatory amounts that the banks have to keep with RBI, was raised five times since December 2006.

OPEC crude hovers just below 110 dollars

Vienna - Organization of the Petroleum Exporting CountriesThe price for crudes produced by the Organization of the Petroleum Exporting Countries (OPEC) continued its climb and was hovering just below the 110-dollar mark, OPEC said on Wednesday.

One barrel of crude oil from OPEC's reference basket stood at yet another record high of 109.92 dollars on Tuesday, up 99 cents from the previous day.

Hopes for OPEC to increase production in the near future were dashed as OPEC Secretary General Abdalla Salem el-Badri ruled out an extraordinary meeting until the next regular meeting, scheduled for September.

New OPEC record high at 106.65 dollars

Organization of the Petroleum Exporting CountriesVienna - The price for crude produced by the Organization of the Petroleum Exporting Countries (OPEC) continued its record- breaking rally on Wednesday, OPEC said on Thursday.

One barrel of crude from OPEC's 13-brand reference basket stood at 106.65 dollars on Wednesday, up from 105.73 dollars the previous day.

The bullish performance in recent days was mainly down to the weakness of the US dollar, OPEC analysts said. (dpa)

OPEC crude price remains close to all-time high

Vienna - TOrganization of the Petroleum Exporting Countrieshe price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) remained close to last week's peak on Friday, OPEC said on Monday.

One barrel (159 litres) of crudes from OPEC's reference basket stood at 103.67 dollars on Friday, down 7 cents from Thursday's peak of 103.74 dollars.

OPEC calculates an average basket price based on 13 brands produced by cartel members. (dpa)

Price Pressures Already Included In Monetary Plan, Says Reddy

After the inflation rate moved up to a nine-month high to 5.11%, RBI YV Reddygovernor YV Reddy stated that India’s monetary plan has already included the rising food and fuel prices.

According to the data, the annual wholesale price inflation rate touched 5.11% in the week ended March 1, and the prices have gone up by 5.01% during the last week.

It is projected that inflation will go up in the coming weeks. Mr. Reddy had recently expressed his worry over increasing food and energy prices.

The central bank wishes to keep inflation around 5% during the 2007/08 fiscal year ending March 31.

Inflation rises to over nine-month high at 5.11 per cent

Reserve Bank of IndiaNew Delhi, Mar 14: Inflation rose to over nine-month high at 5.11 per cent for the week ended March 1, due to rise in prices of some manufactured items and aviation turbine fuel, dashing all hopes of interest rate cuts by the RBI to boost the sagging industrial production.

The wholesale price index-based inflation rate stood at 5.02 per cent in the previous week and 6.51 per cent in the correspondingly week a year earlier.

This is the second week in a row that the inflation rate crossed the five per cent mark, the target set by the reserve bank for this fiscal.

ATM Use Will Become Free From April 2009, Says RBI

By April 2009, the customers will be capable of withdrawing money from ATM without paying any ATM Use Will Become Free From April 2009charge.

The Reserve Bank of India has directed the commercial banks to let customers’ free use of Automated Teller Machines (ATMs) for all transactions from 1 April 2009.

According to an RBI announcement, the customers can also use ATMs of other banks for balance enquiries free of cost.

The RBI has also asked banks to put a limit on the fees charged for using ATMs of other banks to Rs 20 for each transaction from March 31, 2008, and eradicate the same from April 2009.

Fujitsu Rolls Out ‘The LifeBook U1010’ In Indian Market

Fujitsu has rolled out a 3.5G-enabled mobile companion, named ‘The LifeBook U1010’ in the Indian market, which it claimed to be the world’s smallest tablet-convertible ultra mobile PC (UMPC).
It offers users a first-class combination of function, superiority, method and infinite connection. It weighs just 630 grams.
Powered by Intel processor A110 with 800MHz of processing power, the U1010 consists of newly designed 0.2 mm aluminum plated QWERTY keyboard and sports a 5.6-inch SuperFine WSVGA display that is a Passive Touch Panel with 1024×600 pixels resolution. The U1010 has dimensions of 171mm (w) x 133mm (d) x 26.5-32.0mm (h). Besides, it has a palm resistance touch screen that permits the fingers to do the work, without a stylus.

Deep Sleep Necessary To Keep Diabetes At Bay

Deep SleepChicago: Diabetes risk increases with lack of sleep, according a new study.

US researchers said that deep, restful sleep is good for keeping Type 2 diabetes at bay.    

In study findings, the researchers observed that slim, healthy young adults who do not experience the deepest stage of sleep known as slow-wave sleep developed insulin resistance- linked to Type 2 diabetes just after three nights.

Eve Van Cauter, a professor of medicine at the University of Chicago, said, “It demonstrates the importance of deep sleep not only for the brain, but for the rest of the body.”

RBI plans to permit FIIs to short sell, lend and borrow equity shares from 1st Feb, 08

RBIThe Reserve Bank of India (RBI) plans to permit Foreign Institutional Investors (FIIs) registered with market regulator SEBI and sub-accounts of FIIs to short sell, lend and borrow equity shares of India companies from February 1, 2008.

However, the entire FII short selling, lending and borrowing mechanism will be subject to the current FDI policy, which allows FDI ranging from 26% to 100% across different sectors.

RBI said in a notification on its web site that the short selling of equity shares by FIIs shall not be permitted for equity shares that are in the ban list and /or caution list of Central Bank.




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