Business

A World Bank report has projected India's economic growth at 7.2% in current fiscal year, up from 6.8% in 2016.

The board expansion comes against the backdrop of an ongoing tussle between the founders and the management over contentious issues such as CEO salary hike.

Flipkart board member and investor, Subrata Mitra on Tuesday said money raised through the latest round of funding will be utilised to make profits and shave off company's burn on weekly basis, in a quest to ride its business towards right metrics.

Some employees cite concerns after the departure of 600 staff in February, laid off from Snapdeal, its logistics arm Vulcan Express and payments unit FreeCharge.

After the United States, Indian techies are now finding it difficult to procure visas to work in Singapore, following which the government has put on hold the Comprehensive Economic Cooperation Agreement (CECA), the Times of India reported on Monday.

Britain followed with a similar ban from five countries from the Middle East, northern Africa and Turkey.

If the UP government fulfils its farm loan waiver promise, banks are likely to take a hit of Rs 27,420 crore and the scheme will lead to some stress on the state's fiscal arithmetic, warns a report.

Vodafone India and Idea Cellular’s merger, which was formally announced on Monday and will create India’s largest telecom company, may well run up against a number of regulatory hurdles.

"Approval for procurement of plastic substrate and printing of bank notes of Rs 10 denomination on plastic banknote substrates has been conveyed to the RBI," the minister said.

Several food and drink multinationals and trade groups met in recent weeks to discuss how to lobby more effectively against Indian proposals for higher taxes and stricter labelling rules on fatty or sugary foods, sources familiar with the talks said.

Expressing reservations over farm loan waiver schemes, State Bank of India Chairman Arundhati Bhattacharya on Wednesday said such sops may disrupt credit discipline among borrowers.

All limits on savings bank cash withdrawals post-demonetisation ended on Monday, as had been announced by the Reserve Bank of India (RBI) last month.

ICICI Bank topped the list of banks that witnessed most number of frauds during April-December period of 2016 with state-owned SBI taking the second spot, RBI data said.

Qatar Airways plans to set up an airline in India along with the Gulf nation's sovereign wealth fund, its chief executive Akbar Al Baker said on Thursday.

The benchmark Sensex opened on a cautious note to recover almost 23 points in early trade on Wednesday on fresh buying by investors in select blue-chips amid foreign fund inflows and mixed Asian cues.

Reliance Capital has sold its nearly 1 percent stake in popular digital payments firm Paytm for Rs 275 crore to China's Alibaba Group in a deal reaping huge gains for the Anil Ambani-led group firm.