India's wholesale price index (WPI) rose a higher-than-expected 7.55 per cent in August from a year earlier, mainly driven by higher food prices due to deficient monsoon, government data showed on Fri

Rising for the eight straight day, the Sensex on Friday vaulted 443 points to close at 18,464.27, a fresh 7-month high, after investors cheered the government's decision to hike diesel prices and US Federal Reserve approved a new stimulus plan.

India's rate of inflation probably picked up in August from July's near three-year low as poor summer rains drove up food prices, a Reuters poll showed, giving the central bank even less room to cut p

Union minister Beni Prasad Verma was on Monday at the centre of a controversy with remarks that he was 'happy' over rising prices of food items as it will benefit farmers, evoking a sharp attack fr

Sternly criticising Union Minister Beni Prasad Verma over his statement on inflation, BJP leader Arun Jaitley said those who have made such a statement are not aware that farmers are committing suicid

With drought parching farms in the United States and near the Black Sea, weak monsoon rains in India and insidious hunger in Africa's Sahel region, the world could be headed towards another food crisi

India's monsoon rains are unlikely to pick up enough to avert the possibility that ministers meeting next week may officially declare a drought, which could prompt the government to offer more support

Faced with slowing economic growth and a dangerously high balance of payments deficit, about the last thing India needs is food prices pushing inflation higher, but that is just what the weather gods are brewing.

India's annual consumer price inflation slowed slightly in June to 10.02 per cent, government data showed on Wednesday, but food prices accelerated as concerns rose about below-average monsoon rains.

India's headline inflation slowed to its lowest level in five months in June, helped by slower increases in fuel prices, adding to pressure on the RBI from business leaders to cut interest rates to help revive the lacklustre economy.