Shemaroo may produce some content, but sees controlled spending on content and platform maintenance as a key difference between its planned app and Netflix.
Banking sector in India is coping with about $210 billion of problem loans, a legacy of a borrowing spree following the global financial crisis and an economic slowdown after that.
Boeing said in April that it would partner with Hindustan Aeronautics and Mahindra Defense Systems to manufacture the F/A-18 Super Hornet in India.
Indian airline Vistara is poised to place an order for six 787s aircrafts worth as much as $3.3 billion, including options.
Growth accelerated to 7.7% in the quarter ending March, making India the fastest growing major economy. Amid growing calls to pull the rate trigger, this might see the RBI increase interest rates as early as next week.
The failure is a setback to Modi’s reformist image ahead of national elections due next year. No bidder came forward to purchase 76 percent of Air India Ltd.
No bidder came forward to purchase 76 per cent of Air India Ltd., which was offered along with its $5 billion debt.
The government had proposed to offload 76% equity share capital of Air India as well as transfer the management control to private players.
For oil-importing India, the combination of a weaker currency and surging oil prices is a threat not only for the current-account deficit, but also inflation.