Top headlines: India's CPI inflation rises to 7.4%; Wipro Q2 net falls 9%

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Retail inflation accelerates to 7.41% in Sept; IIP contracts 0.8% in Aug

In a double whammy for the economy, India’s retail inflation rate shot up to 7.41% in September from 7% in the preceding month while factory output contracted 0.8% in August, data released by the National Statistical Office showed.

The consumer price index (CPI) based inflation was driven by a higher food inflation rate of 8.6% in September while contraction in output of mining and manufacturing led to a dip in factory output. READ MORE.

Wipro Q2 results: Net profit declines 9% to Rs 2,659 cr; revenue