Food inflation eased slightly to 10.05% while fuel prices remained steady. Gujarat and Punjab support allowing FDI for food items while others oppose it. Nissan doubled production of its Micra car to clear a backlog of 2,500 units as demand increased. While the new Apple TV offers improvements, some critics say Apple did not revolutionize living room entertainment as hoped and the device still has shortcomings. Rishad Premji, heir to Wipro founder Azim Premji, was appointed Chief Strategy Officer to help chart future strategy and identify new business areas for the software company.

1. WEEKLY NEWS 30th August – 3rd September By:- Tisha Sharma

2. Food inflation eases to 10.05% Food price index rose to 10.05% by 14 August against 10.35% in previous week.Fuel price index remained steady at 12.57%.

3. Gujarat and Punjab bat for FDI in food items Punjab and Gujarat are in favour of FDI in multi-brand retail in food items while many others have opposed the idea. The consumer affairs ministry has invited suggestions from the states on allowing FDI in multi brand retail.

4. Nissan doubles Micra production; order backlog at 2500 units Japanese car major Nissan doubled production of its car Micra to 500 units per day in order to clear backlog of 2500 units. Micra is priced between Rs 3.98 lakh and Rs 5.29 lakh.

5. Apple TV a first step for more ambitious plans? Critics hoping for more from Apple Inc's Web-to-TV plans -- a device, say, that would revolutionize living room entertainment the way the iPod changed tablet computing -- may just need to wait a bit longer. Shortly after Apple unveiled its latest Apple TV product on Wednesday, complaints surfaced from some circles that the company had failed to live up to its own high standards. The device is smaller and cheaper than the one it brought out in 2006, but it also has shortcomings.

6. Rishad Premji is Wipro's new strategy boss Rishad Premji, one of the heirs to Azim Premji’s nearly $17-b empire, will get a chance to prove his management mettle at the top echelons of Wipro after he was appointed chief strategy officer of India’s third-biggest software services exporter. The 33-year-old Rishad, widely perceived as Mr. Premji’s successor at Wipro, will chart future strategy, identify new business areas and help draw up a vision plan. He will report to the joint CEOs, Suresh Vaswani and Girish Paranjpe.