Continuing its upward journey, inflation inched up to 42-month high of 7.61 per cent for the week ended April 26 on the back of rising prices of tea, spices, fruits, vegetables and some manufactured products. Despite the war unleashed by the government and the RBI to check price rise, the wholesale price-based index rose 0.04 percentage points from 7.57 per cent in the previous week.

 S. Gurumurthy

Even as the impact of the futures market on spot prices in India is being widely discussed, a raging debate is on in the US on how farm futures markets have ceased to be the play of farmers or consumers, and how multi-billion dollar index and hedge funds that had taken over the futures market in oil and metals, have finally also taken over the grain market

PepsiCo’s snack foods division FritoLay India has tied up with the Indian Medical Association (IMA) to promote both products.  An MoU between PepsiCo and IMA has already been signed to the effect and the endorsement deal holds good for a period of three years.The move by the Indian Medical Association (IMA) of endorsing Tropicana juices and Quaker Oats has invited widespread criticism