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Inflation continues to climb, at 11.89 per cent Inflation was 4.42 per cent during the corresponding week the previous year. Infosys first quarter results out, profits up 4.24% Profits are above markets' expectations, sales in line with estimates. Three Indian BPOs bag big deal with Aviva WNS, EXL and 24/7 have retained business with the insurance major. Aircraft seized for duty evasion, top firms under scanner Reports suggest 250 planes are under the scanner on allegations of duty evasion. Automaker Bajaj's profit down by Rs 15 crore Company formed out of Bajaj Auto reports numbers for first quarter of FY. Retail chains, FMCG cos at war over right of first access Big Bazaar, My Dollar Store are at loggerheads with global FMCG companies. Govt to not impose windfall profit tax on oil producers Sources say Govt might not be thinking of skimming high profits of oil producers. Slowdown time for IT, BPO sector: Nasscom The growth rate is expected to slow down to between 21-24 pc. Still talking, Anil Ambani group keeps MTN engaged Reliance Communications still has chance to bag deal with telecom major. US billionaire investor confirms interest in Spicejet Sources reveal both the parties are in advanced stage of talks. MTN-Reliance Communication talks extended to July 21 MTN and Reliance Communications started talks on May 26. RSS URL: http://www.ibnlive.com/xml/rss/business.xml

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