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.
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.
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.
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.
PM Narendra Modi on Monday took stock of India’s biggest tax reform initiative — Goods and Services Tax — with the government planning to introduce the Constitution Amendment Bill during the winter session.