Critics say the programme, launched 10 months ago in India in collaboration with operator Reliance Communications, violates principles of net neutrality
Fiscal outlook to be little bit challenging next year: CEA
Traders suspect The Reserve Bank of India (RBI) bought bonds and actively intervened in the rupee to support sentiment.
India is more insulated to Fed-related volatility than other emerging markets due to its better economic fundamentals
Poor disclosure among India-listed firms is a turnoff for foreign investors.
India's central bank kept its key repo lending rate unchanged at 6.75 percent on Tuesday.
IndiGo was set up in 2006 by businessman Rahul Bhatia and Rakesh Gangwal, a former CEO for US Airways Group.
S&P expects India to grow at 7.4 per cent in 2015, similar to the central bank's forecast for the fiscal year ending in March.
A Reuters poll showed only one out of 51 economists had expected a 50 basis points rate cut.
India's tax officials, long the scourge of foreign investors, are under government pressure to avoid aggressive claims against overseas funds.
Lending rates have to be sensitive to the policy rate, says RBI.
The rupee has fallen more than 2 per cent against the dollar since the yuan devaluation
India's mutual funds are seeing a surge in stock investments from the hinterland as growing ranks of provincial retail investors help drive a two-year long rally.
An estimated $344 billion has been illegally removed from the Indian economy between 2002 and 2011
India imposes restrictions on how much money its citizens and companies can invest abroad
The RBI chief was speaking to researchers at an analyst call.
Investor lobbies and tax lawyers estimate the bill for international funds and banks could be as high as $8 billion
Rajan was speaking at a news conference.
'Both IIP and CPI inflation numbers are showing a huge disconnect from the leading indicators.'
Sebi has long struggled with balancing the needs of small investors and those of the market.
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