New Delhi

Indian shares rise by over 5 per cent on hopes of rate cuts

Bombay Stock ExchangeNew Delhi - Indian share indices rose by about 5 per cent Thursday on expectations that the country's federal bank would cut interest rates as the inflation rate lowered further.

Reports that the government was considering a stimulus package for the automotive, exports and realty sectors, also boosted sentiments, analysts said.

The 30-share Sensex of the Bombay Stock Exchange closed at 9229.75 points, about 5.5 per cent above its previous close.

The broader 50-share Nifty of the national Stock Exchange ended at 2788, about 4.95 per cent higher than Wednesday's close.

Russia's Medvedev to discuss terrorism, nuclear deal on India visit

Dmitry MedvedevNew Delhi - A India-Russia civilian nuclear deal is among several agreem

Group of Ministers to monitor Commonwealth Games preparations

Commonwealth Games 2010 Logo New Delhi, Dec. 4 : The Central Government has constituted a Group of Ministers (GOM) to ensure that preparations for Commonwealth Games progresses as per schedule.

“The Group of Ministers will report back to the Cabinet about the status ofpreparation of the Commonwealth Games within two weeks,” Union Minister for Science and Technology Kapil Sibal said here on Thursday.

The Commonwealth Games will be held in Delhi from October 3-14, 2010. Seventy one countries are expected to take part in the mega event.

Inflation down to 8.4 percent

India's inflation dropsNew Delhi, Dec. 4 : The inflation rate in the country dropped further to 8.4 percent for the week ended on November 22.

The annual rate of inflation dropped to 8.4 percent from 8.84 percent the week before due to a fall in prices of petroleum fuels, according to fresh data released on Thursday.

The annual inflation rate was however 3.11 percent during the corresponding week the previous financial year.

The Wholesale Price Index (WPI) for all commodities during the week which ended on November 22 declined by 0.6 percent. It now stands at 233.7

Tamil leaders meet Manmohan Singh on Sri Lankan Tamil issue

Tamil NaduNew Delhi, Dec 4 : An all-party delegation from Tamil Nadu led by Chief Minister M. Karunanidhi met Prime Minister Dr. Manmohan Singh here today to seek the intervention of Central Government to resolve Sri Lankan Tamils issue.

The delegation comprising lawmakers from Dravida Munnettra Kazhagam (DMK), Congress, the Pattali Makkal Katchi (PMK) and the Communist Party of India (CPI) urged Dr. Singh to ask Colombo to stop the military actions against the Liberation Tigers of Tamil Eelam (LTTE) and settle the ethnic issue in a peaceful manner.

Admiral Mullen meets Indian leadership, offers help on Mumbai terror probe

Mumbai Terror AttackNew Delhi, Dec. 4 : The Chairman of the U. S. Joint Chiefs of Staff, Admiral Mike Mullen, met with senior Indian civilian and military leaders here today.

According to a U. S. Embassy press release, the agenda included meetings with National Security Advisor M. K. Narayanan, Defence Minister A. K. Antony and Chief of Naval Staff/Chiefs of Staff Committee Chairman Admiral Sureesh Mehta.

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