Mallya will now be the Founder Emeritus of USL
The slowdown is especially pronounced in rural areas, which have suffered two consecutive dry years.
Sahara has ploughed at least Rs 1,500 crore from two of its credit cooperatives into the Aamby Valley resort project
The government plans to inject a total Rs 70,000 crore into the lenders over four years
French companies have invested more than $1 billion per year in India.
European Union steel prices hit their lowest since 2004
Government is expected to rely more on divestment proceeds to keep the fiscal deficit in check
The Prime Minister tends to keep such decisions close to his chest.
Suspicions have swirled for years that many of Sahara's millions of investors are fictitious names
Sahara and its founder Subrata Roy have been under scrutiny for years over its financial products, including for possible money laundering.
India is more insulated to Fed-related volatility than other emerging markets due to its better economic fundamentals
GST is intended to create a single market and boost commerce in India's $2 trillion economy
Clouding the inflation outlook is the recommendation of the 7th pay panel for an average 24 per cent pay hike for millions of its employees, which would lift demand-driven price pressures.
Trade ministers from 162 WTO countries will gather in Kenya's capital from Dec. 15-18 to work on an agreement to liberalise global trade.
IndiGo was set up in 2006 by businessman Rahul Bhatia and Rakesh Gangwal, a former CEO for US Airways Group.
Encouragingly, the recovery also appears to be becoming broad-based
Coffee Day Enterprises Ltd is backed by KKR & Co.
Although the RBI is not statutorily independent from the government, Rajan, like previous RBI Governors, has long valued his independence.
The government is aiming for an 8-10 per cent annual economic growth.
The rapid deceleration in prices has ignited a debate in New Delhi whether Asia's third-largest economy is heading towards deflation.
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