NEW DELHI, Oct 12 (Reuters) – India’s annual retail inflation eased to a three-month low in September on softer food prices, government data showed on Thursday. The South Asian country’s annual retail inflation (INCPIY=ECI) rose 5.02% in September from 6.83% the previous month. A Reuters poll of 66 economists had forecast a rate of 5.50%. Retail inflation in June, which was lower than the latest figure, was 4.81%. September inflation was below the Reserve Bank of India’s upper tolerance band of 2%-6%. Food inflation, which accounts for nearly half of the overall consumer price basket, rose 6.56% in September as

New Delhi, Oct 12 (PTI): Fault in tracks was the possible cause of derailment of the Delhi-Kamakhya North East Express in Bihar in which four people were killed and several injured, sources said on Thursday citing a preliminary investigation report. The report, signed by six railway officials including the driver of the ill-fated train, stated, “It seems that derailment occurred due to fault in tracks.” It estimated the cost of damage due to the accident at more than Rs 52 crore. The loco pilot was partially injured and his assistant suffered serious injuries in the accident Wednesday night. The report

NEW DELHI, Oct 12 (Reuters): Run off their virtual feet at the start of India’s festival season, e-commerce companies like Amazon (AMZN.O) and Walmart (WMT.N) owned Flipkart are looking forward to a potentially record breaking few weeks. Any lingering fears that inflation and higher interest rates would dampen consumers’ spirit in Asia’s third largest economy, are being rapidly dispelled. RedSeer, a Bangalore-based consultancy, which monitors over 100 platforms covering 90% of online sales, predicts virtual shoppers will spend a record $11 billion during the month to mid-November – which would be nearly 20% more than last year. Amazon India has