India has expressed deep disappointment over the non-implementation of IMF quota and governance reforms that would give it a greater say in the global crisis lender, matching the country's growing economic might.
To reduce rupee volatility on account of higher inflows and increase forex reserves to cushion any external shock, the Reserve Bank (RBI) bought the highest amount of dollars, after a gap of seven years, at USD 49.2 billion in April-February of the past fiscal.
Sebi's crackdown on illegal money pooling activities seems to be gaining momentum as the regulator has taken strict action against 92 firms so far in 2015 for fraudulently raising over Rs 2,000 crore from public.
The government will likely roll back the controversial new income tax return forms that makes it mandatory to disclose a host of information including details of foreign trips, top officials told HT.
Ruling out the use of retrospective taxation by the present administration, Finance Minister Arun Jaitley has said that a permanent law in this regard is not possible and the cost would be "too heavy" if any future government indulges in such a "misadventure".
Finance minister Arun Jaitley has sought urgent implementation of common reporting standards on automatic exchange of information globally, asserting that it is the only way to tackle the challenges posed by black money.
Communications minister Ravi Shankar Prasad said on Friday that the government will soon unveil a policy to generate around 48,000 jobs in Business Process Outsourcing firms that would be set up in small towns.
Mukesh Ambani controlled Reliance Industries Ltd (RIL) plans to restart all its fuel pumps in FY16, the company said in an investor presentation put up on its website.
The Telecom Regulatory Authority of India (Trai) has recommended quadrupling broadband speed definition to 2 megabits per second (MbPS), from the present 512 Kbps by December 2015, and has set a target of hitting 600 million broadband connections by 2020.
Mobile banking may have made lives easier but think twice the next time you reach out for a smartphone to do a monetary transaction. Nearly 90% of all Indian mobile banking apps are vulnerable to security attacks and data leaks, a recent report by an IIT-Bombay start-up has found.
After a gap of almost a decade, Air Canada will resume direct flights between Toronto and Delhi from this winter, its chief told Prime Minister Narendra Modi.
Tata Consultancy Services shares plunged by over 4% on Friday, a day after the company reported a 27% drop in its quarterly profit hit by a one-time employee bonus.
While the government has linked 125 million domestic cooking gas connections in the country to bank accounts under the direct benefit transfer of LPG (DBTL) scheme ‘Pahal’, bringing the remaining 25 million consumers on board may be a challenge.
India’s trade deficit in March was the highest in four months, at $11.79 billion, as exports continued to fall, underscoring risks for growth prospects in Asia’s third largest economy.
India had GDP figures close to 30% in the Middle Ages and the Narendra Modi-led NDA government will take initiatives to achieve the former glory of the country, Union minister Harsh Vardhan said on Friday.