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...

The Supreme Court has decided to act tough with those who have defaulted in repaying loans of over £50 million to public sector banks and financial institutions, and asked RBI to submit a list of such defaulters.

Ringing Bells, a Noida based company in India, has offered what it claims to be the world's cheapest smart phone for less than £3 a handset.

Industrial production in India shrunk for the second consecutive month in December, pushed lower by manufacturing and mining, raising fresh doubts about the contradiction between the factory output number and the gross domestic product data...



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