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India seeks to speed up foreign deals with 'one-stop shop'

The Finance Ministry, seeking to speed up deals with outside investors, is set to take full control of the oversight of more than $40 billion a year in foreign direct investments and share purchases, two government sources said.
Why auctions for power projects don’t work in India

In the last 10 years, India has discovered auctions for itself. All kinds of public resources (such as 3G spectrum) or contracts (such as power purchase agreements, PPAs) are auctioned off.
Rupee ends 21 paise lower vs US dollar; snaps 3-day winning run

The rupee snapped its three-day winning spree against the American currency by falling 21 paise to 63.72 on fresh dollar demand from banks and importers in view of a firm dollar in the overseas market.
Late surge drives Nifty above 8,350, Sensex ends up 363 points

After consolidating for second straight day, late surge drove market on higher levels. The Sensex was up 363.30 points or 1.3 per cent at 27687.30 while the Nifty ended up 111.30 points or 1 per cent at 8373.65.
CNG price to be increased by 45 paise per kg in Delhi, piped cooking gas in NCR

The applicable price of domestic PNG to households in Noida, Greater Noida and Ghaziabad would be Rs 27.05 per scm, which is being increased from existing Rs 26.55 per scm.
Jaitley outlines economic road map of Modi government; reasonable taxation top priority

Making taxation more reasonable and improving ease of doing business will be among his top priorities going ahead, Finance Minister Arun Jaitley said on Sunday, as he outlined the economic road map of the Modi government for its second year.
Modi government scores 7 on 10 for first year's performance: Assocham

Giving the Modi government 7 out of 10 for its first year's performance, Assocham on Sunday said it still needs to cover some ground on tax issues and a lot more needs to be done on improving ease of doing business.
One year of Modi government, not much to cheer about for aviation sector: Experts

With the Narendra Modi government set to complete a year in office, aviation industry experts say the sector hasn't had much to cheer about during this period as the much-needed reforms have either been in a go-around mode or in holding pattern.
China jails Rio Tinto officers for 10 yrs

Australia says punishment given to employees accused of taking bribes and stealing commercial secrets harsh.
Kingfisher crude bomb case cracked

The arrest is likely to be recorded later in the day