Business

It further said India is facilitating external commercial borrowings (ECBs) by startups in order to encourage innovation and promote ease of doing business

The study attributed India's rapid growth prospects to the fact that it is particularly well positioned to continue diversifying into new areas, given the capabilities accumulated to date.

Venezuela, struggling under triple-digit inflation and Soviet-style product shortages as its socialist economy unravels, has been hit hard by the falling price of oil, its economic lifeline.

Activity in India's manufacturing sector eased to a four-month low in June amid a slowdown in output and new orders as softer domestic consumption partly offset strong foreign demand, a private business survey showed on Monday.

Aviation Minister Jayant Sinha has said the sector is ready for the tax reform and that the implementation issues have been resolved.

The rupee lost 10 paise to a fresh one-month low of 64.73 against the dollar in early session on Friday, with a decidedly lower start in stocks casting a shadow.

UK's Cairn Energy, which became the first company to face coercive recovery in retrospective tax action, had created a maze of subsidiaries in a span of just six months to transfer Indian assets, an event that led to a demand of Rs 10,247 crore as dues.

State-owned Canara Bank has decided to sell nearly 9 perent stake in the credit ratings firm CARE Ltd that could fetch it over Rs 393 crore.

India Inc's foreign investment witnessed a sharp 56 percent decline at USD 1.26 billion in May this year.

Stocks got back into shape on Tuesday as the Sensex recovered 102 points to 31,198 in early session --chiefly buoyed by a cooling inflation -- amid mixed Asian cues.

General Electric Co said on Monday that CEO Jeff Immelt would step down, capping a 16-year term that included steering the conglomerate through the financial crisis and divesting its struggling lending business.

The buses plying on the Delhi- Lahore and Kolkata-Dhaka routes for transporting passengers as well as fuel they use will be exempt from levy of Integrated-GST (IGST).

Traders and businesses can opt for verification of their GST registration through the e-mode, including an OTP on their registered mobile number, sources said.

The government had discontinued Rs 500 and Rs 1,000 banknotes from November 9, 2016 and issued new Rs 500 and Rs 2,000 currency notes in exchange for the discontinued ones.

Both the flagship indices - BSE-Sensex and NSE-Nifty had closed at record highs on Monday.

The benchmark BSE Sensex drifted further down by over 112 points in early trade on Friday amid global volatility.