India’s consumer inflation eased to a five-month low of 6.71% in July on the back of a moderation in food inflation, firming up expectations that the Reserve Bank of India (RBI) may go for a softer increase in policy rates at its end-September review.

Huawei Telecommunications (India) chief executive officer Li Xiongwei told a Delhi court on Friday, “I am a Chinese (national) and not a terrorist,” apparently borrowing a line from a Shah Rukh Khan movie.

Automobile companies are gearing up for a record number of launches in the coming months as the semiconductor shortage that has plagued the industry eases.

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