Indians most optimistic about their economy: Emerging Affluence Report 2015

Indians are most optimistic about their economy among their peers in emerging economies, as per the Emerging Affluence Report 2015 by Standard Chartered Bank, which ranked countries on factors such as confidence in home market's growth, spending priorities, increase in household disposable income and percentage allocation of income to savings.

World Bank retains India growth forecast at 7.5% for 2015-16

The World Bank has maintained its forecast for India's growth rate at 7.5 per cent in 2015-16, followed by a further acceleration to 7.8 percent in FY 2016-17 and 7.9 per cent in FY 2017-18, as per its biannual report "India Development Update".

India moves up in ease of doing business rankings

India jumped four places in the global rankings for ease of doing business released by The World Bank, to be ranked 130 among 189 countries from its last year’s ranking of 134 led by government efforts to ease the business environment for entrepreneurs and companies.

Govt approves 16 FDI proposals worth Rs 4,722 crore

The Government of India has cleared 16 foreign direct investment proposals, worth Rs 4,722 crore (US$ 725.1 million), of HDFC Capital Advisors, Ageon Religare Life Insurance Company, Sun Pharma Advanced Research Company, Synergia Life Sciences and Aditya Birla Nuvo, based on the recommendations of foreign investment promotion board.

FIIs turn big buyers after 7 months, invest $3.2bn in Oct

Foreign institutional investors have invested net US$ 3.2 billion so far in the month of October 2015 in Indian equity and debt markets, which is the highest investment in the past seven months since March 2015.

India’s e-tail sees 3-fold growth in a year

Indian e-commerce companies' combined gross merchandise value (GMV) is expected to cross US$ 12 billion by December 2015 as compared with US$ 4.5 billion in 2014 as a result of both domestic and international e-commerce companies rapidly increasing their scale of operations.

Govt sees 'unprecedented' cooperation at Africa meet

The third India-Africa summit starting October 29, 2015 is expected to be largest gathering of foreign dignitaries in India in past three decades, with 55 representatives from Africa and African Union scheduled to attend and meet Indian government officials and industry leaders.

'ETF market will grow 20% a year'

The Exchange-traded fund or ETF market is likely to grow at 20 per cent a year due to the launch of new products and the entry of new categories of investors, according to Ms Deborah Fuhr, managing partner of ETFGI.

Government to address issues to expedite infrastructure projects

The Government of India will address all regulatory and financial issues with a view to expedite infrastructure projects, including those promoted under the public-private partnership (PPP) model, as per senior Finance Ministry officials.

Govt to award 100 highway projects in PPP mode next year

The Government of India plans to award 100 highway projects under the public-private partnership (PPP) mode in 2016, with expectations that recent amendments in regulations would revive investor sentiments in PPP projects in the infrastructure sector, as per Mr Nitin Gadkari, Minister for Road Transport, Highways and Shipping.

Heritage development projects approved for 8 cities at a cost of Rs 431 cr

The Heritage City Development and Augmentation Yojana (HRIDAY) action plans for eight missions cities including Varanasi, Mathura, Ajmer, Dwaraka, Badami, Vellankini, Warangal and Amaravati have been approved by HRIDAY National Empowered Committee for a total cost of Rs 431 crore (US$ 66.23 million).

Environment ministry nod to Rs 3,000 cr airport at Mopa in Goa

The Ministry of Environment and Forests has cleared the proposal for a greenfield international airport to be built at Mopa village in the state of Goa at an estimated cost of Rs 3,000 crore (US$ 460 million).