Newsmakers: Infosys net profit rises 9.8%, August IIP at 3-yr high and more

India's economic recovery much slower than expected: BofA-ML
Global financial services firm Bank of America Merrill Lynch said Indian economy is recovering at a much slower-than-expected pace, but faster enough to overtake Brazil and Russia to become the second largest emerging market after China. The firm has also trimmed its growth forecast for India to 5.5 per cent from 6 per cent for the current fiscal, as per the old GDP series. As per the old series, the base year for calculation of national accounts was 2004-05.

In a first, US to hold investment roadshow in India
The US' first-ever India roadshow will start on Tuesday with an aim to attract Indian investors. Under the US Department of Commerce's 'SelectUSA' programme, the roadshow will be held from October 13-16 in Delhi, Mumbai, Chennai and Kolkata, in that order, a release said.

August IIP hits three-year high, grows 6.4%
Industrial production grew at a nearly three-year high of 6.4 per cent in August on account of improvement in manufacturing as well as mining activity and better offtake of capital goods. The factory output had grown by 0.5 per cent in August last year.

Infosys Q2 net profit rises 9.8% to Rs 3,398 crore
Country's second-largest software services firm posted a 9.8% increase in consolidated net profit to Rs 3,398 crore for the quarter ended September 30, 2015. The Bangalore-based firm had reported a net profit of Rs 3,096 crore in the year-ago period. Consolidated revenue was up 17.2 per cent to Rs 15,635 crore in the said quarter from Rs 13,342 crore in the year-ago period, the company said.

September retail inflation up at 4.41 per cent
The consumer price index (CPI) inflation or retail inflation is up at 4.41 per cent in September due to costlier food items in general and beverages and pulses in particular as compared to 3.74 per cent in August, data released on Monday showed. The government revised the August CPI inflation to  3.74 per cent  from the previous 3.66 per cent. However, the consumer inflation for the month under review has declined as against August last year when it stood at 5.63 per cent.