India poised to be 3rd largest economy by 2030: S&P

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.

Bajaj Housing Finance shares surge 136% on debut

Shares of Bajaj Housing Finance, one of India's biggest mortgage providers, shot up by as much as 136 per cent to Rs 165 during its trading debut on India's stock exchanges on Monday, after the $782 mn offering drew bids for more than 67 times...

India is expected to grow by 7-7.5 per cent in 2015-16, slower than the previous estimate of 8.1-8.5 per cent as weak exports, sluggish farm sector and private investment weighed on faster expansion, as shown by the government's mid-year review.

India's market regulator Sebi said it has attached the assets of PACL, its promoters and directors for failing to refund about £6 billion that the company had been raising illegally from five crore investors since 1997



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