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India's retail inflation surges to 7.4% in July due to vegetable prices

India saw a significant upsurge in its consumer price index (CPI) inflation, reaching a 15-month peak of 7.44 percent this month. This spike was primarily attributed to elevated prices of food and vegetables. Notably, the July CPI reading surpassed the Reserve Bank of India's upper tolerance threshold of 6 percent, marking the first breach in five months. Additionally, on Monday, ITC announced the approval of a scheme of arrangement among ITC, ITC Hotels, and their respective shareholders and creditors. This arrangement falls under Sections 230 to 232 of the Companies Act, 2013, along with other applicable provisions. Watch the video for more updates on business today. 

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Video: Yogi Adityanath gifts saffron gamcha to Suvendu Adhikari at his oath-taking

Yogi Adityanath on Saturday presented a saffron gamcha to Suvendu Adhikari, shortly after the latter took oath as the first BJP Chief Minister of West Bengal. The crowd also erupted into a loud cheer as the scene unfolded at the swearing-in ceremony in Kolkata. This was at least the second such instance in recent weeks when the duo's bonhomie was witnessed publicly. Earlier, during the election campaign in the state, a powerful scene was witnessed when Adhikari bowed down at the feet of the UP Chief Minister as a mark of respect.

Video: PM Modi hugs, touches feet of 98-year-old BJP veteran in Bengal

Prime Minister Narendra Modi on Saturday hugged and honoured 98-year-old Makhanlal Sarkar, one of the earliest and senior most members of the BJP. The scene unfolded on the stage ahead of Suvendu Adhikari's swearing-in as West Bengal's Chief Minister in Kolkata. PM Modi also touched Sarkar's feet and presented a shawl to him as a mark of respect. In 1952, Sarkar was arrested in Kashmir while he was accompanying Dr Syama Prasad Mookerjee as the latter was marching to hoist the tricolour there. BJP IT cell head Amit Malviya described the elderly party leader as "one of the earliest grassroots figures associated with the nationalist movement in post-Independence India."

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