Fresh data released by the World Bank shows that the global economic slowdown and turmoil has led to a decline in remittances.
India has now surpassed Japan to become the world’s fourth-largest economy in nominal GDP, with a GDP of $4.18 trillion, according to the government’s year-end economic review.The country is poised to overtake Germany within the next 2.5 to...
India is poised to be the third largest global economy by 2030 but rising population presents mounting challenges in basic service coverage and growing investment needs to maintain productivity, S&P Global Ratings said.
Fresh data released by the World Bank shows that the global economic slowdown and turmoil has led to a decline in remittances.

In a change of attitude, bankers are in talks of settling the loan default with Vijay Mallya-promoted Kingfisher Airlines, on the condition that the government...
India and Mauritius have finally agreed to amend their 32-year old bilateral tax treaty in an attempt to check 'round-tripping' of funds and ensure that no entity gets away without paying taxes in either country.

Six public sector banks have reported fourth quarter losses of nearly £700 million, proving that bad loan problem still looms over the banks

Air India group has decided to add 100 planes to its current fleet of 132 in the next four years
The Supreme Court maintained its stand in the Subrata Roy case, as it scanned details of the Sahara group chief's assets while hearing his plea for an extension of his interim bail to six months

The Reserve Bank of India is in the works of placing a new mechanism to make public the list of wilful defaulters along with a system for out-of-court...

Ever affirmative, India's Finance Minister Arun Jaitley said India could grow faster if monsoon strikes soon as it would improve agriculture and raise...
Air India has hit the pay dirt with its move to link Delhi and San Francisco (SFO) with a non-stop flight, making it the only airline that flies direct on this route

Airfares have been put under the scanner after the Directorate General of Civil Aviation was bombarded with complaints of carriers charging outrageous...