Inflation eases to 4.06% in January

New Delhi: Retail inflation eased to 4.06% in January, mainly on account of a decline in vegetable prices, as per government data released on Friday. The rate of price rise in the food basket was 1.89% in January, significantly down from 3.41% in December, revealed the data released by the National Statistical Office. PTI

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New Delhi/London

ArcelorMittal to cut staff

Global steel giant ArcelorMittal has announced a $1 billion fixed cost-reduction programme under which the company would be reducing 20% of its corporate office employees by 2022. PTI

Mumbai

Lufthansa fires 103 Indians

Lufthansa has terminated the services of 103 India-based flight attendants after they allegedly sought “job assurance” from the management while the German airlines group had offered them leave without pay option for two years, sources close to the development said. PTI

Mumbai

Forex reserves down

The country’s foreign exchange reserves declined by a massive $6.24 billion to reach $583.945 billion in the week ended February 5, RBI data showed on Friday. PTI