Top headlines: Retail inflation rises to 7% in August; AI leases 30 planes

India plans to pay about Rs 20,000 crore ($2.5 billion) to the state-run fuel retailers, such as Indian Oil Corp., to partly compensate them for losses and keep a check on cooking gas prices

India's retail inflation rises to 7% in August; July IIP tumbles to 2.4%

India's retail inflation inched up to 7% in August from 6.71% in July mainly due to higher food prices, government data showed on Monday.

The consumer price index-based inflation is above the Reserve Bank's comfort level of 6% for the eighth month in a row. Read more

Govt plans Rs 20,000-cr aid to oil firms hit by soaring costs: Report

India plans to pay about Rs 20,000 crore ($2.5 billion) to the state-run fuel retailers, such as Indian Oil Corp., to partly compensate them