Economy

As the Chinese initiative is primarily for Beijing to exert its influence over the region, investors are not seeing much possibility of financial returns. 

GFG sees major opportunities in India despite challenges with regulation and infrastructure, will continue to pursue three deals under the sell-off of assets prompted by bankruptcy law, said executive chairman Gupta.

The Mumbai bench of National Company Law Tribunal has placed Anil Ambani's Reliance Communications Ltd. under insolvency proceedings. This will prevent Anil Ambani from selling RCom's airwaves, towers, and fiber assets to his elder brother's company.

The bank Tuesday posted its largest-ever quarterly loss of Rs 13,416.91 crore for the January-March period, mainly on account of high provisioning for bad loans.

With BJP leading in 104 of the 222 seats that voted 12 May, the election may result in a hung assembly, paving the way for the JD(S) to play kingmaker in forming a coalition government.

The Federal Bureau of Investigation seized 91,000 Ether units, consisting of digital funds which amounted to $60 million. The fraudsters used to tell potential investors that Centra Tech had formed partnerships with Bancorp, Visa, and Mastercard to issue Centra Cards.

As the payment for oil increases, India’s current account deficits are prone to widen making the economy more vulnerable to rising US interest rates. 

The BSE Sensex rose 1.1 per cent to 35,933, set for the biggest advance since 5 April. The gains damped price swings, with the India Volatility Index tumbling 11 per cent.

Despite government's claims that Aadhaar card information cannot be leaked, it has happened several times. Ironically, in some cases, it is done by the government itself.

While the govt says it hasn’t given any directives over prices, Indian Oil increased prices Monday for the first time since 24 April.