The Enforcement Directorate (ED) and CBI are at odds over whether to allow two people, accused in 2G spectrum allocation, to travel abroad.
From Swiss chocolates to premium whiskies, from canola oil to non-alcoholic beverages — food products worth Rs. 25,000 crore are stuck in India’s various ports or being re-exported because of arbitrary regulatory scrutiny.
Reserve Bank of India governor Raghuram Rajan on Tuesday cautioned over reliance on overseas fund inflows and said that caps on foreign institutional investors’ investments in debt should be continued.
The Reserve Bank of India (RBI) on Tuesday said it will issue final guidelines for on-tap universal banking licences before the end of 2014-15.
Tata Group-promoted Infiniti Retail, which runs consumer durables chain Croma, have entered into a strategic partnership with e-commerce firm Snapdeal.com, where Croma will open its brand store on Snapdeal’s marketplace to tap more customers.
India has the potential to become the world’s fifth-largest exporter of goods by 2030 with the textile industry set to regain its place as the global garment hub, an HSBC report said.