From food to services: Here’s what drove consumer prices in August

Consumer inflation accelerated faster than expected to 3.7 percent in August from 3.6 percent in the previous month as food inflation quickened to 5.66 percent. However, inflation remained below 4 percent, the midpoint of RBI's 2-6 percent inflation target range, for the second straight month. Although pulses inflation eased to 10.7 percent in July from 13.6 percent, it remained in double digits for a 15th consecutive month. Vegetable inflation climbed to double digits after slowing to 6.8 percent in July. Moneycontrol takes a look at what’s driving inflation in four charts.

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Shree Tirupati Balajee shares list at 12% premium over IPO price

Shares of Shree Tirupati Balajee Agro Trading Company Ltd made a decent start on its stock market debut on September 12 after listing at Rs 92.90, a premium of 12 percent over the issue price of Rs 83 per share on the Bombay Stock Exchange (BSE). The listing gains, however, miss grey market estimates where shares were trading at a premium of almost 33 percent. Read here

Sitaram Yechury, veteran CPM leader, passes away at 72

Veteran CPM leader and party general-secretary Sitaram Yechury passed away on Thursday after battling prolonged illness. He was 72. Yechury was admitted to the All India Institute of Medical Sciences (AIIMS) in New Delhi on August 19 for the treatment of a pneumonia-like chest infection. Yechury had been in a critical condition for the last few days and was on respiratory support. Condoling Yechury's demise, Prime Minister Narendra Modi said that the CPM leader was a leading light of Left politics. Read here

Moneyview turns Unicorn with fresh funding; acquires employee benefit startup Jify

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Payments Council, banks to seek RBI okay for entry into small-ticket loans biz

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For an investor who does not have the time or inclination to keep re-balancing h/her portfolio, this category of products allows them to invest in a single mutual fund and in the background the fund manager manages the allocation. Read on