The wholesale inflation dipped to -2.06% in February as prices of food articles, manufactured items and fuel products fell during the month. This is the fourth month in a row that WPI—based inflation remained in the negative zone. The wholesale price based inflation was -0.39% in January. It was 5.03% in February last year.
Lupin has inked a pact to acquire an additional 40% stake in South Africa’s Pharma Dynamics, taking its holding in the company to 100%. Lupin had earlier acquired 60 per cent stake in the South African (SA) firm in September, 2008.