Silver prices up by Rs 2,300 to Rs 57,300 per kg, in line with the general firming trendThe gold prices surpassed all previous records as they spurted by Rs 170 to Rs 23,220 on Thursday, on brisk buying by stockists, driven by a firm trend in the international markets due to the deepening Euro debt crisis.The yellow metal crossed its last record level of Rs 23,175 set on April 30 this year.Similarly, silver spurted by Rs 2,300 to Rs 57,300 per kg, in line with the general firming trend, on heavy buying by stockists and speculators.Market analysts said the trading sentiments remained bullish as gold in international markets climbed 0.66 per cent to a record USD 1,593 an ounce, as concern about Europe's debt crisis spurred demand for the metal as a protection of wealth.The precious metal touched record levels in domestic as well as futures trade worldwide, which further buoyed the sentiment, they added.At the Multi Commodity Exchange, the yellow metal touched the peak of Rs 23,465 by adding Rs 269, indicating further upsurge in the coming days.On the domestic front, gold of 99.9 and 99.5 per cent purity gained Rs 170 each to Rs 23,220 and Rs 23,100 per 10 grams, respectively.Sovereigns also gained Rs 50 to Rs 18,850 per piece of eight grams.Likewise, silver ready moved up by Rs 2,300 to Rs 57,300 per kg and weekly-based delivery climbed Rs 3,060 to Rs 57,960 per kg, on brisk buying by industrial units.Silver coins followed suit and jumped up by Rs 1,000 to Rs 63,000 for buying and Rs 64,000 for selling of 100 pieces.(PTI)
Read More
Hundreds of Indian students, mostly from Andhra Pradesh, face the prospect of deportation from the US after authorities raided and shut down a university in the Silicon Valley on charges of a massive immigration fraud.The Tri-Valley University in Pleasanton, a major suburb in San Francisco Bay Area, has been charged by federal investigating authorities with being part of an effort to defraud, misuse visa permits and indulge in money laundering and other crimes.According to a federal complaint filed in a California court, the University, which was raided and shut down last week, helped foreign nationals illegally acquire immigration status.The university is said to have 1,555 students. As many as 95 per cent of these students are Indian nationals, the complaint said.Investigations by Immigration and Custom Enforcement (ICE) found that while students were admitted to various residential and online courses of the university and on paper lived in California, in reality they "illegally" worked in various parts of the country as far as Maryland, Virginia, Pennsylvania, and Texas.ICE has called it as a "sham university."The ICE investigations found that more than half of these students were reported to be residing in a single apartment located in Sunnyvale California.During the course of the investigation ICE found that the university gave the residential address of its students in order to conceal that they did not live in California, said the court papers.For a student to maintain an active immigration status, they must show proof that they are making reasonable process towards completing coursework and physically attend classes.Federal investigating authorities are now sweeping out on each of those students, who paid lakhs for obtaining students visa and also students work permit.Several of them have been interrogated, creating a panic reaction among the Indian student community.Many of the students from Andhra Pradesh, who were planning to join the university for the new semester, have cancelled their US travel plans.Classes were scheduled to start on January 10 after the winter break.It is understood that many of these students are planning to leave the country as soon as possible as they are being interrogated.There are unconfirmed reports of some of the students being detained and deportation process has been started against them.Once the university has been shut down, the students who come on F-1 visa, lose their status within a stipulated time. These students have been making desperate calls to Indian- American immigration attorneys."We have received verification that ICE has detained some of the students and placed them in removal proceedings," Murthy Law Firm, a popular immigration attorney firm among Indian-Americans, said in a posting on its website.On January 20, 2011 the Murthy Law Firm received numerous phone calls from students registered at Tri-Valley University in Pleasanton, California, it said in its posting."Some of the F-1 Tri-Valley students may have options to try to change status in the United States. Some are potentially eligible to request a change to H-4 or other dependant statuses."Others might be eligible for H1B status through employers, but may not have enough time to file for the soon-to-be reached FY 2011 H1B cap. Those who have previously held H1B status and do not need cap numbers would not face this problem," advised the Murthy Law Firm.Tri-Valley University, on its website, says that it is a Christian Higher Education Institution aiming to offer rigorous and excellent quality academic programmes in the context of Christian faith and world view. It offers a wide range of courses.According to the complaint, the university and its founder Susan Su have made millions of dollars in tuition fee for issuing visa-related documents that enabled hundreds of foreign nationals to obtain illegal student immigration status.Calls were made to various telephone numbers listed on the Tri Valley website but either the voice mail box was full or the number was not accepting any new calls.According to the court document, ICE began its investigations in May 2010.In February 2009, the university received necessary permission to issue visas for 30 students and in May that year it had some 11 active students who had F-1 visas.The number jumped to 939 by May 2010. (PTI)
Read More
The Supreme Court on Friday ordered the Orissa government to maintain status quo on acquisition of 6,000 hectares of land for setting up an international university by UK-based Vedanta group in the holy city of Puri.Admitting a bunch of cross-appeals, a bench of justices D K Jain and H L Dattu asked the state government to maintain status quo on the process to acquire the land.Earlier, two different benches of the apex court had refused to hear the cross-appeals saying that one or the other judges had been linked to the adjudication of the issue before.The state government and the Anil Agarwal Foundation, which promotes the project, appealed against a decision of the Orissa High Court which citing 17 reasons held that land acquisition procedures for the proposed Vedanta University project were illegal.The high court had also directed Vedanta to return the land to its various owners.Appearing for one of over half a dozen petitioners against the project, counsel Prashant Bhushan contended that the state government began acquiring land for setting up of a world class university by a group, which does not have the experience of establishing even a primary school.He also contended that Land Acquisition Company Rules, 1963, had not been properly followed by the state government.The high court had given its verdict on two public interst lawsuits and six individual petitions, challenging the state government's notification on the land acquisition procedures.Another petitioner opposing the project contended that the proposed multi-disciplinary university project would cause extreme debilitating impact on the eco system as well as the local bio-diversity.Yet another petitioner, who is opposing the project is Congress leader Umaballav Rath. He had earlier filed a PIL in the high court challenging the varsity project on the ground that it was envisaged on 500 acres of the temple land.The petitioners also pointed out that the proposed site for the university was close to Balukhand Konark Black Buck Sanctuary and a river.The petitioners had also questioned the status of the company saying it was not properly formed as per the Company's Act.The status quo was ordered by the bench of justices of Jain and Dattu. Earlier, an apex court bench of justices G S Singhvi and A K Ganguly recused itself from adjudicating the issue on January 21.Nearly a fortnight before that on January 5, another bench of justices R V Raveendran and A K Patnaik withdrew from the case.The bench of justices Singhvi and Ganguly withdrew from the case as Justice Ganguly had dealt with it earlier as the Chief Justice of the Orissa High Court.The bench of justices Raveendran and Patnaik refused to hear the issue to avoid any conflict of interest as Justice Patnaik hailed from Orissa.(PTI)
Read More
Private real estate developers whose projects at Greater Noida have been thrown into limbo by the Supreme Court's decision to quash the acquisition of land from farmers assured investors today that their money would be returned with interest if they want.At a media conference organised under the banner of the Confederation of Real Estate Developers Association of India (CREDAI), six builders -- Supertech, Amrapali, Mahagun, Panchsheel, Gulshan Homes and SPJ (Shree) -- said they expected to incur a collective loss of Rs 600 crore in lieu of funds already invested on construction and other activities at the project sites.Supertech Managing Director R K Arora said, "We are collectively talking to the authority about our loss incurred due to Supreme Court ruling quashing the land acquisition.Where authority will allot alternate site and how our loss could be recovered is being discussed with officials.""A total 6,000 apartments are affected under the Shahberi project. It include 700 apartments of Supertech, 150 of Panchsheel and 300 of Gulshan," said Arora.Amrapali Managing Director and CREDAI (Western UP) Vice Chairman Anil Sharma said, "Association has formed cell to monitor the ongoing projects too, to see where problem was expected and how to overcome it before hand so that investors are not affected."With regard to land acquisition, the developers said this needs to be looked after by the authorities. They indicated that the present act governing land acquisition needs amendment, but clarified that builders have no role in this.(PTI)
Read More
The government is working with the Reserve Bank of India (RBI) to bring down inflation, finance minister Pranab Mukherjee said in a statement on Thursday.Mukherjee also said that June inflation data was a matter of concern and he was monitoring the price situation closely.The wholesale price index (WPI) rose an annual 9.44 per cent in June, driven by higher manufactured goods and fuel prices, government data showed.The market expects the RBI to raise key rates by 25 basis points at a scheduled policy review on July 26.(Reuters)
Read More
Sharad Talwar, CEO, IndiaCan aims to train around five lakh 'ready to deploy' people annually. IndiCan was set up when Educomp and Pearson joined hands to create a vocational education institution to provide training as well as placement assistance for entry-level aspirants. Talwar, who was president of Educomp before starting IndiaCan, spoke to BW Online's Poonam Kumar and explained the infrastructure and expansion plans of IndiaCanExcerpts:How Did Educomp And Pearson Come Together For A Joint Venture?I was literally the first employee of IndiaCan when two years ago I was asked to set up a vocational education division for Educomp, India's largest education company. I initially joined 17 ITIs (Industrial Training Institutes) - of which I was the chairman -- across Punjab, Haryana, UP, Delhi and Rajasthan in a public private partnership.The vocational business has great potential but of course ITI work is more like CSR for us. But I realise that it has a huge potential. Also what people generally need is soft skill and spoken English. They may have been trained as auto-mechanics or plumbers, but they need that skill. They need customer services skill also. So we wondered whether we should develop all this content on our own or talk to the best person in this business globally.We have students and teachers but what we don't have readymade content that is portable across the world. Pearson has big practice in this area in China, Latin America and Russia. So we realised that we could actually tweak that content in an Indian context. They also have a great content engine. That's how the conversation initially started and we soon realised that they have the best vocational content in the world. They are the biggest suppliers of publishing material in that segment.What Is The Basic Idea Behind IndiaCan?IndiaCan is basically focusing on vocational education which is a division of Educomp. When Pearson and Educomp inked the joint venture, the mandate was to make people employable. We are not here to provide degrees. We are here to provide a short course to help people get entry-level jobs. We entered the joint venture about a year back. Last year from January to December was the first full calendar year we were in operation. Today I can say that we are in a strong position.IndiaCan has three key divisions. One is vocational educational set-up where we provide short- term courses. Another initiative is a company called PurpleLeap. It enters partnership with colleges and teaches soft skill to the final year's students. These are typically engineering colleges and are meant for those students who fail to land jobs. We are working with around 100 colleges in Andhra Pradesh, Karnataka, Tamil Nadu, Punjab, Chandigarh and Aligarh.The third initiative is ETEN (Educomp Tele-Education Network) which prepares people for different exams leading to immediate jobs. For example, it helps with CA exam preparations which leads to immediate jobs. We are not into preparation for IITs and IIMs because that does not lead to jobs. We are also training those appearing for bank probationary and civil services exams. We have got 120 colleges for PurpleLeap, almost 120 centres for ETEN and 100 centres for vocational training.What Kind of Infrastructure IndiaCan Has For Vocational Training?We have centres providing retail courses. What sets us apart from other training centres is that IndiaCan retail centres provide industry-specific content in a blended learning environment. There is V-set-learning including video conferences as well as face-to-face training. The students also get hands-on training which helps them get entry-level retail jobs. Another differentiator is international certification.We provide vocational training in sales, basic IT, accounting, retail and spoken English.Why Do People Treat Vocational Education As An Inferior Education?Making vocational education main stream is a very big job. We are working with vocational players who actually introduced the National Qualification Frame Work where people can return to mainstream education after taking a vocational course. More than that, I think the eco system needs to be changed and the industry ought to give a premium to those who have gone to the extent of getting trained and certified. Unless that happens people will not see any benefit in getting a certificate for vocational education.How Do You Equip Teachers?Generally, we find teachers from industry and then we get them certified. Teachers are told to go for a certification course before they can actually teach the class. For instance, every spoken English teacher first has to take a spoken English test which is again a Pearson test. And only those who pass the test are appointed by IndiaCan. It's a very rigorous process.break-page-breakWhat is WorkFirst Certification?WorkFirst is an international work certification - again from Edexcel - a Pearson company. Anybody who gets the certification can work both in and outside India.Why Is This Different From Other Training Institutes?The difference in this certification is evidence. People have to have evidence of their expertise. For example, if we are teaching someone auto mechanism and we conduct a theory exam, it makes no sense. The only way to prove that you are a very good mechanic is to produce evidence. Even in services sectors like retail or sales we have evidence-based system. They have to prove that they have actually learnt selling and retailing. This is not based on paper-pencil exam. Is There Any Other Player Who Can Actually Give You Competition?I don't think anyone has a certification course of this kind. There are many institute which provide short duration courses but we are different from them because we have international content which is tested across the 400 countries in the world. And we have international work certification. Also, we have a huge certification process for all our teachers before they are allowed to teach. We have enabled V-set learning. I think these unique strategies are the big differentiators.What Would Be The Exam Pattern For The IndiaCan Student?It's an evidence-based system and not a paper pencil exam. It's based on evidence that you have actually learnt the trade except for spoken English. It's called placement test. We have a different test for spoken English.Who Is Your Target Audience?School and college drop-outs and working people who want to enhance their skills for career growth. We both "prepare and repair" people's careers. For instance, somebody working as a peon in a company and wants to learn spoken English to take up a front-office job in a hotel or a retail outlet, can come to us.Why Is The Duration Of The Courses So Short?People come to us when they are looking for a job or want to better their prospects. We don't want to train a person for one year and still attend the same level of job which he could get after three months' training. The training is around three months at entry level and there are programmes in which training is for one year. We have a tie-up with NDTV for Broadcast Journalist course. We have 100-hour programmes for spoken English courses and six-month training programme in accounting. We have evening classes for corporates. We have centres which are open between 7:00 p.m and 10:00 p.m.What About Expansion Plans?We plan to go to tier II and III cities. We have around 100 centres across the country at present. In India there are almost 1,000 cities with a population of five lakh where can have a centre and train at least 500 people in a year.What Are The Key Government Projects You Are Handling?We are running two projects with the governments of Rajasthan, Punjab and Gujarat. The key government projects are - Rajasthan Mission on Skill and Livelihood, Special SGSY, Ministry of R&D, Rajasthan Knowledge Corporation Limited, Bhopal Pilot, Angul Pilot and more.These are training centres for people below the poverty line (BPL), people who can't spend any money but have talent. A person has to have a BPL card and we admit them into our centres. We train them for free and get them jobs in respective sectors.poonam(dot)kumar(at)abp(dot)in
Read More
India's inflation quickened in June, driven by higher prices of manufactured goods and fuel, adding pressure on the Reserve Bank of India (RBI) to raise rates at its policy review later this month despite signs of slowing growth in Asia's third-largest economy.New Delhi raised local prices of diesel, cooking gas and kerosene last month to cushion its finances and provide relief to government oil companies reeling from revenue losses on state-set fuel prices amid high global crude prices, adding to inflationary pressure.The wholesale price index, India's main inflation gauge, rose an annual 9.44 per cent in June, below the median forecast for a 9.70 per cent rise in a Reuters poll.However, April inflation was revised sharply higher, to 9.74 percent from 8.66 percent, an indication that the final inflation figure for June could breach double-digits.Annual fuel price inflation accelerated to 12.85 percent in June from 12.32 percent in May, while annual manufacturing inflation quickened to 7.43 percent from 7.27 percent."Today's inflation data will force the RBI to continue with its tightening but given the signs of slowdown in certain interest rate sensitive sectors they will settle for a 25 bps increase instead of front loading the rate hikes," said Rupa Rege Nitsure, chief economist at Bank of Baroda.The RBI chief last week voiced concern about sharp revisions in macroeconomic data, including growth and inflation figures, which he said could disrupt calculations when setting policy."I am suspecting that this number will also get revised upwards as we had seen a very sharp increase in food, fuel and mineral prices in the month of June," Nitsure said.The benchmark 7.80 per cent 2021 bond yield rose 3 basis points to 8.29 percent following the sharp upward revision in April inflation data. The 5-year overnight indexed swap rates rose 6 bps to 7.56 percent and 1-year was 9 bps higher at 7.96 percent.The June PMI for manufacturing and the industrial output growth for May dropped to nine-month lows, indicating a soft patch in the economy, but that is unlikely to deter the Reserve Bank of India (RBI) from raising rates at the July 26 policy review.The RBI has raised rates 10 times since March 2010 and is widely expected to raise rates by 25 basis points this month.Goldman Sachs estimates that the direct impact of the hike in fuel prices would be about 60 basis points and the overall impact on inflation would be around 90 basis points.Diesel, cooking gas and kerosene comprise 6.4 percent of the WPI basket and 70 percent of the fuel component of the WPI.Most analysts expect the RBI to go through with a 50 basis points hike this year that will take the repo rate to 8 percent before it pauses.(Reuters)
Read More
India's industrial output grew at a much stronger-than-expected pace in April, reinforcing expectations the Reserve Bank will lift rates for the third time this year at a policy review late next month.Industrial output rose 17.6 per cent in April from a year earlier, the strongest since December 2009, helped by buoyant domestic consumer demand, a revival in exports, and higher infrastructure spending, data showed on Friday.But Rupa Rege Nitsure, chief economist at Bank of Baroda in Mumbai, said the industrial output numbers have been boosted by a low base effect which will start fading from June."If investment growth picks up then for the year as a whole, IIP can be expected somewhere between 8.5-9 per cent in FY11. This surely gives more elbow room to the Reserve Bank of India to pursue monetary tightening," she said.A top government adviser, Planning Commission Deputy Chairman Montek Singh Ahluwalia, said after the data release that the pace of monetary policy normalisation need not be quickened.Worries over Europe's debt crisis and the health of the global economic recovery, concerns also expressed by most other central banks in Asia, are expected to prevent the RBI from tightening more aggressively.The Reserve Bank of India is widely expected to raise rates by 25 basis points on July 27.The next key data will be wholesale price (WPI) inflation data for May, due on Monday. A Reuters poll shows headline inflation probably held steady around 9.6 per cent last month.The 10-year benchmark bond yield edged up 2 basis points to 7.57 per cent while the 30-share BSE index was largely steady, continuing to trade up 1.1 per cent, following the industrial output data.The median forecast in a Reuters poll was for an annual rise of 13.5 per cent in April, the same pace marked in March.Robust Consumer DemandManufacturing production in Asia's third-largest economy rose 19.4 per cent in April from a year earlier, while mining output was up 11.4 per cent and power generation rose 6 per cent.Friday's data comes on the heels of an annual 8.6 per cent expansion in the economy in the quarter through March, providing another evidence of a strong rebound in an economy that is benefiting from a robust consumer demand.Car sales in India rose an annual 30 per cent in May as rising incomes and a rapidly expanding economy offset the impact of price increases.Manufacturing PMI accelerated at its fastest rate in more than two years in May, while the services PMI continued to remain high, suggesting the economic upswing will remain robust in coming months.The economy is expected to grow at least 8 per cent in the current fiscal year that started on April 1, after growing 7.4 per cent last year.But robust economic growth has also raised the prospects of capacity constraints, which are seen aggravating price pressures.The wholesale price index, the central bank's most closely watched gauge of inflation, probably rose an annual 9.56 per cent in May, staying close to 9.59 per cent in April, according to a Reuters poll. It hit 10 per cent in February, the highest since October 2008.The RBI described the prevailing inflationary situation as "worrisome" and has raised rates twice since mid-March and is expected to deliver another hike of 25 basis points on July 27.(Reuters)
Read More
Indian intelligence agencies received no warnings before the three bomb blasts that killed 18 people in Mumbai, the biggest attack since Pakistani-based militants rampaged through the financial hub in 2008, a top official said on Thursday.Suspicion, however, fell on the Indian Mujahideen, a shadowy home-grown militant group known for its city-to-city bombing campaigns using small explosive devices planted in restaurants, at bus stops and on busy streets."There was no intelligence regarding a militant attack in Mumbai. That is not a failure of intelligence agencies," Home Minister Palaniappan Chidambaram told a news conference."Know that perpetrators have attacked and have worked in a very very clandestine manner. Maybe it's a very small group, maybe they did not communicate with each other."He said it was too early to point the finger at a particular group, but said the "coordinated terror attacks" could be in retaliation to a number of plots recently stopped by police or the arrests, including from the Indian Mujahideen.The Indian Mujahideen have been accused of having ties with Pakistani militant groups fighting Indian rule in Kashmir.The bombings were the biggest militant attack on Mumbai since the 2008 assaults killed 166 people, raised tensions with neighbour and nuclear rival Pakistan, and left a city on edge.The blasts come as India and Pakistan seek to normalise ties. Pakistani leaders were swift in condemning the bombings, as was U.S. President Barack Obama. Top U.S. diplomat Hillary Clinton is due in India for scheduled talks next week.There was no immediate indication any Pakistani group was involved. But any suggestion of attributing blame to Islamabad would complicate a fraught relationship with India -- with whom it has a long-running dispute over Kashmir -- and further unravel ties with the United States."We live in the most troubled neighbourhood in the world. Pakistan and Afghanistan are the epicentre of terrorism," said Chidambaram, adding that Pakistan had still not given India support in going after those behind the 2008 attacks in Mumbai.Home Grown Groups?There was no immediate claim of responsibility for the bombs, which were mixed with ammonium nitrate, a chemical compound often used in improvised explosive devices (IEDs)."It's very likely coordinated by Indian Mujahideen looking at the severity and scale of the attacks -- in the past they've used tiffin carrier bombs and IEDs," said Dr Rohan Gunaratna, a Singapore-based al Qaeda expert."Certainly there can be links between those who have done these attacks and overseas sources but the attacks themselves have been conducted by local groups, home grown Indian groups."Chidambaram said 18 people had died in the attacks, lowering an earlier figure of 21. He said 23 out of the 131 injured and admitted to hospitals were in a critical state.Newspaper headlines voiced a mix of resignation and outrage over the latest attacks on a coastal city of more than 10 million that is home to India's main stock exchanges."Attacked. Again," said the Hindustan Times. "We're All Sitting Ducks," said the Economic Times.The blasts came as beleaguered Prime Minister Manmohan Singh struggles to get past a series of corruption scandals and a resurgent opposition that has led to policy paralysis in Asia's third largest economy. A cabinet reshuffle this week was criticised as too little, too late.Mumbai has a long history of deadly bombings and Wednesday's attacks did not rattle financial markets. The home minister said the attacks were not aimed at markets.Jewellery Market TargetedThe bombings were centred mainly on south Mumbai's jewellery market area, crowded with diamond and precious metals traders and artisans. It was not the first time it was attacked.The blasts occurred at about 6.45 pm (1315 GMT) on Wednesday within minutes of each other. One bomb was placed at the side of the road, another on a motorbike and a third on the roof of a bus stop.The home minister said the bombs were detonated with timers, a clock or other triggers, but not done remotely.The biggest blast was in the Opera House area, a crowded hub for diamond traders. Pakistani-based militants carried out the bloody rampage in 2008 near the same popular area.Another blast, also in south Mumbai, was at the Zaveri Bazaar, India's largest bullion market which was hit twice in the past. The third blast was at Dadar, in a street housing Muslim and Hindu shops in the centre of the coastal city. (Reuters)
Read More
Inflation accelerated in May, raising the possibility of the Reserve Bank of India hiking rates even before a scheduled policy review on July 27.The wholesale price index (WPI) rose an annual 10.16 per cent in May, driven by higher food and fuel prices, government data showed on Monday. The median forecast in a Reuters poll was for an increase of 9.56 per cent. Inflation in April was 9.59 per cent.The data came on the heels of April manufacturing production matching its fastest pace in at least 15 years, the latest sign of strong growth in Asia's third largest economy and of rising inflationary pressures.With inflation over its perceived comfort zone of 5 per cent for seven months running, the Reserve Bank of India (RBI) has described the inflationary situation as "worrisome" and has left open the option of hiking rates ahead of its policy review.But tight market liquidity from payments for 3G mobile spectrum purchases ahead of advance tax payments and worries over Europe's debt crisis could hold back the central bank from aggressive policy action, some analysts feel.A majority of economists polled by Reuters expect the Reserve Bank of India leaving rates steady ahead of its quarterly review on July 27, but almost all see rate hikes in the policy review.The 10-year benchmark bond yield rose 3 basis points after the data.Monday's data showed manufacturing inflation, which the central bank has said is key to its decision making, rise an annual 6.41 percent, compared with 6.70 percent in April.The food price index rose 16.49 percent, while fuel prices were up 13.05 percent.Policymakers expect inflation to ease on better prospects for crops from good monsoon rains. But a hike in fuel prices, which is being discussed by the government, could push it up, an adviser has said.Softening inflation is crucial for the government to push through keenly awaited reforms to free up retail fuel prices, because any move that further increases prices would spark off voter and political protests.The wholesale price index is more closely watched than the consumer price index in India because it covers a higher number of products.(Reuters)
Read More
