Credit flow is slowly reviving, says RBI governor Shaktikanta Das

The Reserve Bank of India (RBI said that credit flow was reviving and is expected to improve further in the coming months on the back of steps taken by the central bank and the government

Need to think big to achieve $5 trillion economy, says PM Modi

Prime Minister Narendra Modi said the aim of a $5 trillion economy was ambitious but the country would have to think big and move ahead to realise the goal

Tata Steel said it was likely to write down a total of Rs 65 billion for the 2014-15 fiscal mainly due to impairment of a unit in the UK, a part of its European operations, and a coal project in Mozambique.

Anil Agarwal-led Sesa Sterlite, which was renamed as Vedanta recently, has been hit hard by falling crude prices as it booked nearly Rs 200 billion ($3 billion) as “goodwill impairment charges” related to its oil and gas business.

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