With India's GDP clocking a lower contraction of 7.5 per cent in the September quarter, industry and experts expressed confidence of further recovery in the coming months and said the government's actions are bearing fruit. In a tweet, Vedanta chairman Anil Agarwal said, "Q2 #GDP numbers show that economy is recovering. Government's efforts on stimulus and reform are showing results. Hopefully, we will have positive growth in H2 FY21 and double digit growth in FY22."
Suspended cricketer Ajit Chandila and two others have been granted bail in the IPL spot-fixing case by a Delhi court.
Meanwhile, family businesses in India still see banks as their chief source of funding as nine out of 10 respondents were upbeat about bank financing.
A Delhi court on Wednesday issued 'open' non-bailable warrants against three close aides of underworld don Dawood Ibrahim in connection with the Indian premiere League spot fixing scandal after the police said they had played a key role in the entire conspiracy.
Increasing the duties on auto parts and putting an additional cess on petrol and diesel could drive up costs of vehicles, specially where volumes are low and localisation is not viable.
Police on Tuesday began probe into the complaint against the family of Dadri lynch victim
Finance Minister Arun Jaitley said the magnitude of the alleged black money transfer through state-owned BoB will only be known after completion of the multi-disciplinary probe.
The amounts were transferred from HDFC Bank to BoB.
Enforcement Directorate is jointly probing the case.
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