PM Narendra Modi's UK visit: Commercial deals worth US$13.7 billion announced

During Prime Minister Mr Narendra Modi's visit to UK, both Indian and British companies announced investment commitments worth US$ 13.7 billion across sectors such as thermal power, renewable energy, telecommunications, healthcare, automobiles and IT, apart from partnerships in education and skill development between the two countries.

Infrastructure, exports receive major reforms push

The Union Cabinet has approved several reforms such as allowing National Highways Authority of India (NHAI) to extend the concession period for current incomplete projects in build-operate-transfer (BOT) mode, providing 3 per cent interest subsidy to exporters and disinvestment of additional 10 per cent stake Coal India Ltd, which will help regain economic reforms momentum.

Government Approves Six (6) Proposals of Foreign Direct Investment (FDI) Amounting to Rs. 1810.25 Crore Approximately

The Foreign Investment Promotion Board (FIPB) has cleared six Foreign Direct Investment (FDI) proposals amounting to Rs 1810.25 Crore (US$ 274 million), including that of IIFL Holdings, worth Rs 1800 Crore (US$ 272 million).

Make in India boost: Government to incentivise companies to produce bulk drugs likely

The Government of India plans to incentivise bulk drug manufacturers, including both state-run and private companies, to encourage 'Make in India' program and reduce dependence on imports of active pharmaceutical ingredients (API), nearly 85 per cent of which come from China.

AMRUT Action Plans for 81 cities approved with total project outlay of Rs.5,748 cr

An inter-ministerial Apex Committee headed by Mr Madhusudan Prasad, Secretary, Ministry of Urban Development has approved State Annual Action Plans (SAAP) of five states which account for 81 cities to invest Rs 5,748 crore (US$ 830 million) to enhance basic infrastructure including water supply and sewerage connections under Atal Mission for Rejuvenation and Urban Transformation (AMRUT) action plans for FY 2015-16.

Govt to use increased tax receipts to fund more infra spending, as per Finance Minister Mr Arun Jaitley

Finance Minister Mr Arun Jaitley has stated that the government plans to use the increased tax receipts to fund infrastructure spending than to reduce its borrowing target for the current fiscal year, adding that he would continue to aim for the fiscal deficit target of 3.9 per cent of Gross Domestic Product (GDP) for FY 2015-16.

India sees highest growth in mobile phone subscriptions: report

India added the highest number of net mobile phone subscriptions of 13 million during the third quarter of 2015, which was equal to the additions of China (7 million) and US (6 million) combined, as per a report by Ericsson.

Finance Minister Arun Jaitley calls for Investment of UAE Sovereign Wealth Funds and Pensions Funds in National Investment and Infrastructure Fund (NIIF)

India's Finance Minister Mr Arun Jaitley discussed with H.H. Sheikh Hamdan Bin Rashid Al Makhtoum, Minister of Finance, United Arab Emirates (UAE), several topics of mutual interest between the two countries, such as UAE's investment in National Investment and Infrastructure Fund (NIIF), the new Bilateral Investment Promotion Agreement (BIPA) and longer duration visa for Indian businessmen who have invested in the UAE.

More than 75% recruiters looking to increase head counts, raise salaries upto 15%: Study

The employment outlook in India appears to be positive, as per Michael Page's Salary and Employment Outlook for India 2015-16, which indicated that 76 per cent of Indian companies surveyed expect to increase headcount in the next 12 months, 60 per cent are willing to offer 15 per cent salary hike and 61 per cent are willing to offer flexible working hours to facilitate work-life balance.

India's rooftop solar capacity to touch 6.5 GW by 2020: Study

India's rooftop solar capacity addition grew 66 per cent from last year to reach 525 mega watts (MW), and has the potential to grow up to 6.5 giga watts (GW) by 2020, according to consulting and knowledge service provider Bridge to India.

Govt plans dedicated portal to support innovative ideas

The Department of Information and Technology plans to create a separate online portal for inviting ideas from technology innovators, with the objective to provide them with assistance including finance, and thus help to boost initiatives like Startup India and Digital India.

Global talent heads for Indian startups

Increasing number of senior executives from large global corporations like Microsoft, Twitter and P&G are joining internet and app-based Indian start-ups like Paytm and Flipkart, attracted by the opportunities and start-ups vision over the next five to 10 years.