Moneycontrol Daily: Your Essential 7

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.

Today
Popular Foundations Limited IPO opens
Deccan Transcon Leasing Limited IPO opens
Reliance Communications' Committee of Creditors to meet
Excise policy case: SC to rule on Kejriwal's bail petitions
CAT 2024: Registration ends
Shivaji statue collapse: Sculptor’s custody hearing
iPhone 16 series pre-orders begin
Realme Pad 2 Lite India launch Tomorrow
Last day to avail Aadhaar Card updates
J&K elections: PM Modi to hold two rallies in Jammu
Haryana elections: PM Modi to address rally in Kurukshetra
23,994 cases set for settlement in Tripura Lok Adalat
Rail Minister Ashwini Vaishnaw to visit Tatanagar

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

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

Consumer lending platform Moneyview has entered the unicorn club (used to describe a privately held startup company with a valuation of over $1 billion) following a new funding round from its existing investors, Accel India and Nexus Venture Partners. The Tiger Global-backed firm has also acquired employee benefit startup Jify. The Mumbai-based startup partners with corporations to offer their employees a zero-cost, real-time access to their salaries in advance. It had raised $10 million in funding from Accel, Nexus Venture Partners in June last year, and is backed investors, including Amica Financial Technologies, VCAPL, Qed Innovation Labs among others. Read here

In a second attempt to knock on the Reserve Bank of India's (RBI) doors for permission to enter the small-ticket loans business, the Payments Council of India, along with payments banks, is likely to make a representation to the RBI on this matter. Highly placed sources say the request is expected to be made in a week or so. Read here

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