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INTERNATIONAL
Drop in US retail sales sparks concerns on recovery
Washington: US retail sales fell a steeper than expected 0.9 per cent in May, the government said on June 13, prompting concerns about the pace of the US economic recovery.

US eases pollution rules for upgraded power plants
Washington: The US administration on June 13 announced relaxed pollution standards for utilities upgrading old power plants, a move that immediately drew fire from environmentalists.

NATIONAL
Altair launches 'Concept to Reality' magazine
Bangalore: City based Altair Engineering, an international product developmentconsulting and technology company, has launched its inaugural edition of Concept to Reality: Ideas and Strategies in Product Development, a semi annual magazine, designed to help upper-level managers and executives improve their product development process.

HC allows plea challenging VSNL disinvestment
New Delhi: The Delhi High Court on June 17 allowed an amended writ petition seeking quashing of the disinvestment agreement between government and Tata Sons Ltd on management control of Videsh Sanchar Nigam Limited (VSNL).

Smart rally in old economy stocks props up SENSEX
Mumbai: The SENSEX opened firm on the back of a smart rally in old economy stocks at early stages on the Bombay Stock Exchange (BSE) on June 17 on fresh buying support by punters and retail investors.

GAIL set to make foray into West Asia, South East Asia
Bangalore: The Gas Authority of India (GAIL) is all set to make a foray into West Asia and South East Asia and also planned to enter the Liquid Petroleum Gas (LPG) marketing business in India, a top GAIL official said on June 17.