Oil prices hovered near $99 a barrel Monday in Asia amid optimism new leaders in Greece and Italy will help Europe at least temporarily contain its debt crisis.
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Food inflation eased marginally to 11.81 per cent for the week ended October 29 from 12.21 per cent in the previous week but the fall brought no relief to the common man as prices of almost all edibles such as fruits, vegetables, milk and pulses continued to rule at high levels.
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Inno GeoCity announced on Friday the launch of second phase of its project at Oragadam on the outskirts of Chennai. Addressing presspersons here, Kalyan Jayaprakash, Director, Inno GeoCity, said the project would consist of 200 units of contemporary bungalow apartments and independent villas.
A sharp reduction in claims ratio, a healthy growth in premium turnover, focus on retail, MSME and rural insurance segments, a significant drop in underwriting losses and a decline in operating expenses have helped United India Insurance Company to register a sharp rise in its profitability.
Apollo Hospitals will be launching new multi-speciality hospitals in Chennai and Patna, Bihar, in pursuit of an ambitious road map to have 49 fully owned institutions and 10,000 beds across the country by 2014.
The traffic diversion in force since Monday on EVR Periyar Salai between Gengu Reddy subway and Ega Theatre junction is posing hardship to both motorists and Metropolitan Transport Corporation bus commuters.
Fortyfive roads in suburban areas belonging to the Highways Department, which have now become part of Chennai Corporation, are soon to be upgraded. The roads will be developed to make them on a par with those in the city.
Hundreds of Indian Oil Corporation (IOC) petrol bunks in and around the city are fast running out of fuel as supplies from the company's Korukkupet terminal remained disrupted since Saturday in the wake of a strike by tanker-truck operators.
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