IMF broadly supports Modi's economic reforms

International Monetary Fund (IMF) broadly supports the series of economic reforms undertaken by the Government of India and feels that the reforms are in the right direction, as per IMF spokesman Mr Gerry Rice.

Vodafone commits to invest Rs 13,000 crore in India

British telecom giant Vodafone, India's second largest telecom operator, plans to invest over Rs 13,000 crore (US$ 1.96 billion) in India, to upgrade and expand its network and also for its payments bank operations.

India Signs MoUs with six countries in the International Civil Aviation Negotiations

The Ministry of Civil Aviation has signed Memorandum of Understanding (MoU) with Finland, Kazakhstan, Kenya, Sweden, Norway, Denmark, Oman and Ethiopia for increased co-operation between the countries in terms of additional seats, sharing of airlines codes, increased frequencies and additional points of call, during the International Civil Aviation Negotiations (ICAN),2015 held in Antalya, Turkey.

IISc Bangalore marks India’s debut in top 100

The Indian Institute of Science (IISc), Bangalore has become the first Indian institution to enter the Top 100 universities ranking in engineering and technology, published by The Times Higher Education of London.

Venture capital firms continue to step up India start-up investments

Venture Capital (VC) firms such as Sequoia Capital and Tiger Global Management Llc have invested US$ 4.6 billion in 385 deals in Indian start-ups so far this year, which is nearly double of US$ 2.4 billion invested in same number of deals in whole year of 2014, as per data from VCCEdge and Grant Thornton India Llp.

Govt eases FDI norms in 15 major sectors

The Government of India has relaxed Foreign Direct Investment (FDI) norms in 15 sectors ranging from defence to media, in terms of increasing percentage cap in key sectors for investments under automatic route, removing restrictions in construction and single-brand retail and higher threshold for approval from Foreign Investment Promotion Board (FIPB).

India's GSAT-15 Communication Satellite launched successfully

India’s latest communication satellite, GSAT-15, carrying communication transponder and GPS Aided GEO Augmented Navigation (GAGAN) payload, was launched successfully by European launch vehicle Ariane 5 VA-227 on November 11, 2015, and is now under the command and control of Indian Space Research Organisation’s (ISRO's) Master Control Facility (MCF) at Hassan in Karnataka.

Five Indians among top 50 management thinkers

Five Indians, namely Mr Vijay Govindarajan, Mr Pankaj Ghemawat, Mr Subir Chowdhury, Mr Nirmalaya Kumar and Mr Anil K Gupta, have been named among the Top 50 management thinkers from 10 countries in the Thinkers50 2015 global ranking, which is published every two years.

Indian e-commerce market expected to touch US$ 220 billion Gross Market Value (GMV) by 2025, as per BofA-ML report

India's e-commerce market is expected to reach US$ 220 billion in terms of gross merchandise value (GMV) and 530 million shoppers by 2025, led by faster speeds on reliable telecom networks, faster adoption of online services and better variety as well as convenience, as per a report by Bank of America Merrill Lynch (BofA-ML).

Fitch ratings on India intact

Fitch Ratings has maintained both its sovereign rating on India as well as its outlook on the ratings at ‘stable’, as the rating agency noted that the government has gone ahead with large number of reform initiatives.

'India emerging biggest aircraft market'

The world’s top two aircraft manufacturers, Boeing and Airbus, forecast India to be among the top aircraft markets in the world over the next 20 years, with an annual growth rate of 11 per cent for domestic air traffic and 10 per cent for international air traffic, driven by an expanding middle class, economic growth and under penetration of airlines.

Government Signs Loan Agreement with Asian Development Bank (ADB) for US$ 273 Million Loan under Rural Connectivity Investment Program for Improving Rural Roads

The Government of India signed the agreement for third and last tranche of US$ 273 million loan, out of total US$ 800 million loan agreement with The Asian Development Bank (ADB), for constructing 6,000 kms of all-weather rural roads in Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal, by December 2017.