Inflation watch: WPI rises to 0.52% in August after two months of deflation; food, manufacturing push prices higher

India’s wholesale price inflation increased to 0.52 percent in August. This reverses two months of deflation. The rise is due to higher prices for food, manufacturing, and transport equipment. Food article deflation softened. Vegetable prices saw gains. Manufactured product inflation also increased. Fuel and power remained in deflation. Retail inflation also inched up.

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‘Digital arrest’ scam: Cybercriminals pose as CBI, con Bengaluru MNC executive of Rs 32cr in 6-month; harassed even in hospital

A 57-year-old senior MNC official in Bengaluru was defrauded of over Rs 31.8 crore in a six-month ‘digital arrest’ scam. Victim transferred money in 187 transactions after being convinced she was involved in a criminal case and needed to cooperate in a virtual investigation to avoid arrest. She complied even while hospitalized, fearing it would…

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