Cook meets the 65-year old prime minister in New Delhi on Saturday, and will be hoping Modi's enthusiasm for phones can help Apple as it tries to bolster sales in India.

The profit boost for studios will in large part be driven by the rush for local-language content from platforms like Netflix Inc

Internal management tensions, stiff opposition from Chinese handset makers led to halving of the company's market share

The country holds one of the biggest opportunities for Uber as more Indians start using smartphones

Venture capital investments in India's start-ups nearly halved to $1.5 billion in fourth-quarter 2015

India's roughly $150 billion outsourcing sector generates about three quarters of its revenue from the United States.

India's tax officials, long the scourge of foreign investors, are under government pressure to avoid aggressive claims against overseas funds.

India imposes restrictions on how much money its citizens and companies can invest abroad

Sebi also approved new delisting rules.

Sebi has asked clearing houses to establish separate funds for all segments of the market including equity, debt and currency.

The Securities and Exchange Board of India (SEBI) unveiled new proposals, broadening the scope of who can be held liable for insider trading violations.

The market regulator is wielding an unprecedented level of control over how mutual funds operate, delaying new launches and dictating investment strategy, frustrated insiders in the embattled industry say.