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 government of India plans to defer implementation of the General Anti Avoidance Rules (GAAR) until the time the tax administration is able to rebuild trust with companies on the controversial issue.

With the much-hyped $2-billion funding by Mirach Capital falling apart over "forgery" allegations, Sahara has begun exploring fresh options to secure bail for its chief Subrata Roy, even as the US firm hit back claiming that the Indian group...



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