The growth was largely led by increase in production in core sector industries barring crude oil and natural gas.
India's wholesale price index (WPI) rose 1.62 percent year-on-year in the month of June, compared to 0.79 percent in May, and ahead of economists' expectations of 1.15 percent.
The Budget reiterated a gross domestic product (GDP) growth target of 8 percent plus but the economy continues to struggle.
Wholesale price index for the month of December rose a mild 0.11 percent year-on-year, compared to 0 percent in November. A CNBC-TV18 poll saw WPI at 0.3 percent.
CPI-based inflation eased for the second month in a row to 6.46 percent in September, compared with a downward revised 7.73 percent a month ago
The RBI said the business activity of the SPV should be in the infrastructure sector and the infrastructure project is required to be implemented by the SPV established exclusively for implementing the project.
While Shiv Nadar, founder and chairman, HCL Tech, is confident the company will not be sold out in the next 10 years, Roshni Nadar, executive director and chief executive officer, HCL Corporation adds that the same is unlikely for the next 20 years.
Buoyed by earnings from subsidiary Cairn India and higher metals production, Vedanta Resources today reported a 21 percent increase in its core profits at USD 4.888 billion for the year ended March, 2013.
In FY12, India's contributed 4% to CORE Education and Technologies's consolidated revenue. The end-to-end, technology-enabled education solutions provider has order book of over USD 100 million in India.
New processors are made using Intel’s 22-nm 3-D tri-gate transistor technology.
The industrial output numbers for October are due today. According to a CNBC-TV18 poll that economists are expecting a contraction of 1.6% compared to 1.9% in September, on the back of poor capital expansion, reports Latha Venkatesh.