Top economy news of the day

India Infoline News Service | Mumbai |

Read below the Top economy news

Retail inflation for the month of November 2012 came in at 9.9%, higher than the 9.75% level recorded in the previous month. (BL)

Industrial production recovered to a 16-month high of 8.2% in October, mainly on account of a rebound in capital and consumer goods and the statistical impact of a low base. (BL)

The Reserve Bank of India has proposed tighter norms for non- banking financial companies on capital requirements, risk weights, provisioning norms and asset classification. (BS)

An industry body of air cargo companies — including FedEx, Gati and Blue Dart, among others — has alleged that the domestic airline companies have formed a cartel to exploit price under the pretext of fuel surcharge. (ET)